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₹4,350 crore as earnest money deposit, making them eligible for the spectrum auctions starting 6 June. India’s largest telco, Reliance Jio, deposited ₹3,000 crore, while Bharti Airtel and Vodafone Idea deposited ₹1,050 crore and ₹300 crore, respectively, according to data from the department of telecommunications (DoT) released on Thursday. The government expects a modest auction for the frequencies offered across multiple bands—800 MHz, 900 MHz, 1,800 MHz, 2,100 MHz, 2,300 MHz, 2,500 MHz, 3,300 MHz, and 26 GHz—valued at ₹96,317.65 crore.

Also Read: Worried broker queries FM Nirmala Sitharaman about high taxes in share market, real estate. She replies… Shenoy, who is the CEO of SEBI-registered portfolio management service (PMS) Capitalmind.in explains that one can offset long term capital gains in anything by buying a house.

Mint had reported. The developments come amid liquidity concerns, prompted by challenges with Aggarwal's flagship business, Ola Electric, which has struggled to garner adequate investor interest for a listing before the ongoing Lok Sabha elections. “As part of an ongoing restructuring, Ola Mobility CFO Kartik Gupta has stepped down.

Investment advisory firm Gratus Capital is offering a more diverse range of investment opportunities to its high-net-worth clientele through a new partnership.

MSME lender Kinara Capital on Thursday reported its FY24 results, marking the ninth consecutive year of profitability. The company said it closed the previous fiscal year with profit after tax (PAT) of Rs 62 crore, registering a 51 per cent growth from FY23.

India’s biggest asset management company SBI Mutual Fund has announced the launch of its new thematic fund – SBI Automotive Opportunities Fund.

Vodafone Idea’s net loss for the fiscal fourth quarter, FY24, widened sequentially to Rs 7,675 crore, dragged by high debt and even as it continued to lose subscribers. A joint venture between UK’s Vodafone Group Plc and India’s Aditya Birla Group, reported its highest ever quarterly EBITDA of Rs 2,180 crore post merger which occurred in 2019.

By Jessica Brandon-Jepp

Also read: Is the Indian online consumer evolving? A relatively new fee seems to suggest so Reliance Retail said in a statement on Thursday, “Under a long-term licensing agreement, Reliance Retail will be the exclusive retail partner for ASOS across all online and offline channels in India. Leveraging its extensive experience of operating omni-channel retail networks, Reliance Retail will introduce ASOS’s portfolio of owned labels to the Indian market through a multi-channel presence for ASOS across retail formats such as exclusive brand stores, multi-brand stores and online platforms." ASOS only sells its own products in all markets except for a few, in which it also sells third-party brands.

Efkon-Strabag, a provider of smart infrastructure solutions in India, has joined hands with leading institutions including IIT Bombay and IIT Mandi to advance transportation systems, landslide management, and drive innovation in India. Additionally, the company has collaborated with IIT Roorkee to launch a comprehensive road safety awareness programme tailored for children. Partnering with IIT Bombay, Efkon-Strabag aims to strengthen knowledge management, joint projects, and engagement activities. This partnership encompasses various dimensions: they partner in knowledge creation, technology development, and human resource enhancement to drive innovation in transportation systems, facilitating the exchange of ideas and skills. Together, they will undertake joint studies and research on Intelligent Transportation Systems (ITS), offering internship opportunities for students. They will also foster ecosystem development by providing access to technology courses, promoting collaboration between academia and industry, and contributing expertise to research consortia. Additionally, they will engage in research projects, skill-building programs, and workshops to foster creativity and innovation in the transportation sector, aiming to address industry challenges effectively.

Kartik Gupta, chief financial officer (CFO) of ride-hailing major Ola Cabs, has exited the firm, just over two weeks after chief executive Hemant Bakshi stepped down. His exit is part of an ongoing restructuring at Ola Mobility, a company spokesperson told ET. “The restructuring will allow Ola to strengthen cost structures, focus on growth and increase its bottom line,” the person said.

Adidas is launching cheaper versions of its three-striped shoes like the white and black suede Samba as it aims to spread the trend, CEO Bjorn Gulden said on Thursday at the company's annual shareholders' meeting in Germany. «It's important to understand that not everyone can afford to buy a shoe for 120 or 150, but everyone wants to take part in the same trends,» Gulden told investors in a presentation in Furth, near Adidas' headquarters in Herzogenaurach.

₹2,038.21 crore in the fourth quarter of FY24, registering a growth of 31.6% from ₹1,548.97 crore in the year-ago period. The auto major’s revenue from operations in Q4FY24 increased 11.24% to ₹25,108.97 crore from ₹22,571.37 crore, year-on-year (YoY). At the operational front, earnings before interest, taxes, depreciation and amortization (EBITDA) in the March quarter rose 12% YoY to ₹3,119 crore from ₹2,789 crore, while EBITDA margin remained flat at 12.4%.

ISB Executive Education, ranked number one B-school in India in FT Global MBA Ranking 2024 commenced its 15th batch of Certificate Programme in IT Project Management, along with Emeritus, the global leader in making high-quality education accessible and affordable to individuals and organisations.The 12-week online Certificate Programme in IT Project Management is thoughtfully designed for professionals who aspire to embrace digital disruption, adopt lean techniques, and utilise tools adaptable to increasingly agile environments. This programme is tailored for early-career professionals aiming to elevate their roles within their organisations by refining IT operations management systems, processes, and best practices.

Tech Mahindra, has passed away at 85. Former Tech Mahindra MD and CEO CP Gurnani shared the news via the social media site X (formerly known as Twitter). “Heartbreaking news..

As a competitive rower in my long-ago prime I sometimes used a racing strategy called fly and die. Sprinting to an early lead often yielded a fast overall time, even if I couldn’t hold my torrid pace through the finish line. Some professionals take a similar approach to their desk jobs, starting their workdays with a 5 a.m.

Eclipse Labs founder and CEO Neel Somani has officially stepped down and been replaced by Vijay Chetty “effective immediately” following allegations of sexual misconduct.

Salim Ramji, the newly appointed CEO of Vanguard, has confirmed that the company will not reverse its decision to refrain from launching a spot Bitcoin exchange-traded fund (ETF).

international universities with fewer Indian students. Shreya Pattar, founder of Shreya Pattar Ventures, shared her views on X, formerly known as Twitter, stating, «Any Indian student planning to move abroad for higher education should check how many Indian students that university has. The more the number of Indian students, the lower that university should be on your list of places to join. A big Indian community of students doesn’t come with a “homely” feeling.» Think you check all the immigration boxes? Find out

Also Read: Viral video shows wild bull attacking woman as she tries to save her belongings; netizens ask, 'How dumb can you be?' "A big Indian community of students doesn’t come with a “homely" feeling. It comes with toxic Indian patterns: Too much drama, lack of professionalism, no good role models, no leadership or responsibility towards juniors, self-centred behaviour, “group-ism", back bitching, no seriousness towards the future.

Dividend stocks 2024: Shares of Tata Consultancy Services Ltd (TCS) will be in focus when the stock market opens on May 16 (Thursday). The Board of Directors of TCS has declared a final dividend of ₹28.00 per equity share for its eligible shareholders.