It's believed that Wednesday's spectrum auctions are not for 5G, unless Reliance Jio decides to buy 700 MHz spectrum to launch 5G services next year. India's economy would shrink 7.8 per cent in the current financial year and just 1 per cent in third quarter of FY21, ICRA in its latest report said. Billionaire Ajay Piramal is once again at a striking distance to clinch a deal in the financial services industry. Read for more top stories from the world of business and economy:
While Jio has reportedly asked Department of Telecommunications to auction 700 MHz spectrum recently; it asked DoT to auction 700 MHz in 2015 as well but didn't buy anything in 2016 auctions.
In the past, Piramal's big strategic moves like Shriram Group stake and merger proposal with IL& FS and IDFC Bank didn't reach logical conclusion.
ICRA says with a steady performance of agricultural sector and a lagged recovery in contact-intensive parts of services sector, it estimates a small contraction of 1 per cent in GDP in Q3.
Farmers' protest: The independent committee can have P Sainath, Bhartiya Kisan Union and others as members. You cannot instigate violence and cannot block a city like this, said CJI Bobde.
Stubble burning cases have surged in Punjab by over 44 percent while they are down 25 percent in neighbouring Haryana from last year, said a report submitted to the Supreme Court by the Centre.
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