Reliance Jio is also working on its 5G network equipment and has asked the Department of Telecom (DoT) to allocate spectrum for testing before exporting 5G smartphones

Retail cheque payments fall to 2.96% in FY20 amid digitisation push: RBI; Develop COVID vaccine delivery system akin to polls, disaster management: PM Modi; Digital media, news agencies given a year to comply with 26% FDI cap. Watch this and more news on News Blast.Also Read: Gold price trades flat for second day; silver rates at Rs 61,500

Modi will deliver the inaugural address at the virtual event, to be held on October 26-28

Tata Group is aiming to up the ante in India's digital space and take on rivals such as Reliance Jio, Amazon and Flipkart by rolling out SuperApp; onboarding of Tata Teleservices for providing technical solutions to SuperApp is also expected to revive the telco arm's business

At present, 5G smartphones are available in India in the price range starting from Rs 27,000; Jio will partner with Google to build an Android-based smartphone operating system

The government had imposed nationwide lockdown on March 25 to contain the spread of COVID-19. Power consumption started declining from March onwards due to fewer economic activities in the country

PE-VC investments would have declined 53 per cent to $17.2 billion compared to the same period last year if contribution from Reliance Group entities are excluded

KKR had announced it would invest Rs 5,550 crore in RIL subsidiary Reliance Retail Ventures on September 23; investment valued Reliance Retail at a pre-money valuation of Rs 4.21 lakh crore

Acknowledging that Future Group had made too many acquisitions in the last 6-7 years, when COVID-19 struck, it lost around Rs 7,000 crore revenue, says retail tycoon Kishore Biyani

Tata group is planning to join the fundraising of Alibaba-backed BigBasket as it plans to raise $200 million from investors; start-up is also planning launch initial public offering in next two years

Indian economy will contract 10.3 per cent in the financial year 2020-21, said the International Monetary Fund in its World Economic Outlook report; A Tanishq advertisement on Hindu-Muslim marriage has been pulled off from social platforms after a major backlash; Reliance Industries Ltd has its eyes on smart electricity meter market after signing multi-billion dollar deals for Jio Platforms and Reliance Retails. Watch this and more on News Blast.Also Read: Indian economy will recover from COVID-19 crisis with correct policies: IMF

COVID-19 impact: Indian economy to shrink 10.3% in FY21, says IMFIndian economy will contract 10.3 per cent in the financial year 2020-21 as the country gradually climbs out of the coronavirus-induced lockdown, said the International Monetary Fund in its Wold Economic Outlook report released on Tuesday. This projection is substantially lower than the 4.5 per cent de-growth predicted by the internatonal financial instutution back in June, indicating challenges to economic growth as the pandem...

Smart meters are part of the overall Advanced Metering Infrastructure (AMI) solution that measure and record consumers' electricity usage at different times of the day and send this information to the energy supplier through over-the-air communication technology

Kamaths are followed by Divyank Turakhia, 38, who registered a net worth of Rs 14,000 crore; at 26, OYO Rooms' Ritesh Agarwal is the youngest self-made entrepreneur in the list

Industry players have been requesting the government to reduce levies and fees as promised under the policy two years back and also rationalise spectrum prices

The court has asked the lenders for their opinion on a plea by the younger Ambani brother requesting them to be included in his challenge to a separate bankruptcy case against him in India

Future Lifestyle stock currently trades lower than 5, 20, 50, 100 and 200-day moving averages. Market capitalisation of the stock stood at Rs 1,495.15 crore as of today's session

Amazon said that the Future Group did not seek permission from them before striking a deal with Reliance Industries. The arbitration process is yet to start

Despite having a fair good start with its low-cost feature phone - JioPhone - the chances of emulating that success with low-cost smartphones might be difficult

The fresh fund infusion of Rs 11,650 crore in Reliance Retail Ventures is part of the company's plan to increase the capital base