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5G networks in India from the second half of 2024, said a senior executive of Finnish telecom gear maker Nokia. «You will see some early adopters this year, and then I think by the second half of 2024, there will be a big growth in the enterprises,» said Sanjay Malik, head of the India market for Nokia. He was speaking at ETTelecom's fourth edition of Digital Telco event — 2023, organised with the TRAI Centre for Studies and Research.

Bank recoveries are likely at their peak and trending lower as the addition of lumpy corporate non-performing assets (NPAs) has slowed. Recoveries are expected to normalise as fresh slippages will mostly come from retail and micro, small and medium enterprises (MSME), accounts that are by nature smaller loans. Bank earnings analysed by ET after the first-quarter results show that bank recoveries have been sliding over the last one year. Recoveries for all large banks were lower than a year ago and down from what they were in March. For example, State Bank of India’s (SBI) recoveries and upgrades were at Rs 3,607 crore in June 2023 down from Rs 5,208 crore a year ago and Rs 4,200 crore reported in March 2023. The trend is the same for Punjab National Bank (PNB), Bank of Baroda (BoB), ICICI Bank, HDFC Bank and Axis Bank. “Bank upgrades and recoveries are trending lower as lumpy recoveries from corporate accounts are few and far between. Also, recoveries from legacy accounts, which were strong for the past few quarters, have started normalising, partly on account of the stock and flow effect,” said ASV Krishnan, senior vice president at HDFC Securities. Krishnan was referring to the improvement in asset quality across the banking sector which has reduced the stock of NPAs, likely impacting recoveries in the future. Take SBI, the bellwether of Indian banking which has seen its gross NPA ratio come down to a decadal low of 2.76% and from a peak of 10.91% in March 2018.

The country’s busiest airport has blasted Qantas and Virgin Australia for wasting capacity, saying a lack of seats, rather than lack of demand is limiting domestic passenger traffic.

₹15,000-20,000 has fallen to ₹11,500 for the coming weekend and the subsequent week. Similarly, the Oberoi-owned Wildflower Hall, known for its rack-rate of ₹50,000 per night for the most affordable room without taxes, is now available at a 36% lower rate of ₹32,000.

risk exposure also increases. Natural disasters can cause massive damage to assets and investments in vulnerable areas. According to reinsurance company Munich Re, the total uninsured losses due to disasters in 2022 are estimated to be around $270 billion while insured losses are projected to be approximately $120 billion.

BJP on Sunday attacked Chief Minister Nitish Kumar over recent incidents of crime in Bihar, saying he is dreaming of becoming prime minister of the country while he is not able to handle the law and order situation in his own state. Taking note of Kumar recently visiting the national capital to pay tributes to late Atal Bihari Vajpayee at his memorial, senior BJP leader Ravi Shankar Prasad also wondered if it was an «honest» expression of his love for the former prime minister or he wanted to show «something» to his allies. «What has happened to you Nitish babu? Few days ago, a police officer was murdered in Bihar.

Karnataka will register its strong views with the Centre about the injustice caused by the previous finance commissions while seeking a fair deal ahead of the constitution of the 16th Finance Commission, Chief Minister Siddaramaiah has said. The Congress leader, after taking over as chief minister in May this year, has often complained that the finance commissions have handed a raw deal to his state in devolution of funds. “Before the 16th Finance Commission is constituted, we will urge the Centre to rectify the injustice meted to Karnataka in the 15th Finance Commission.

Narendra Modi had announced that India and France have agreed to use UPI payment mechanism. ALSO READ: Modi in France: UPI to start from Eiffel Tower.

NEW DELHI : After vegetables, poultry products including eggs and chicken are expected to see a sharp rise in sales and, consequently, prices starting September -- following the two-month-long Shravan restrictions. Hindus in parts of northern and western India follow dietary restrictions during the Shravan period.

NEW DELHI : Singapore, Indonesia and the Philippines, key diplomatic partners of India, have appealed to New Delhi to resume rice exports to their nations following India’s decision to suspend non-basmati shipments to check prices. Singapore has requested around 110,000 tonnes of rice from India. In June, Indonesia announced plans to import 1 million tonnes (mt) of rice from India to protect against disruptions caused by the El Nino weather pattern.

NEW DELHI : The Centre is considering shifting its financial assistance for adoption of electric vehicles (EVs) toward public transport such as e-buses. The support for purchase of private electric two-wheelers may be gradually phased out, said a person in the know of the developments. “There is a view that the subsidies should gradually be phased out for private two-wheelers and assistance should go for public transport and charging infrastructure," the person added.

Russia's first lunar mission in nearly five decades, Luna-25, crashed into Moon a day after it had spun into uncontrolled orbit, the country's space agency said on Sunday. The pilotless spacecraft was aiming to be the first ever to land on the south pole of the moon, an area where scientists believe there could be important reserves of frozen water and precious elements.

Partition onto the younger generation with respect to national and social unity, Nationalist Congress Party chief Sharad Pawar said on Sunday against the backdrop of a recent CBSE circular to schools on the issue. Pawar was speaking at the inauguration of a school in the presence of senior Congress leader Sushilkumar Shinde and state minister and BJP leader Chandrakant Patil. «I am worried about a circular issued by the CBSE (the Central Board of Secondary Education controlled and managed by the Union government) recently that asks its schools to inform students about the situation which erupted during Partition,» Pawar said.

chartered accountant (CA), is listed for hearing before a bench of Chief Justice Satish Chandra Sharma and Justice Sanjeev Narula. The plea said by including CAs and other professionals within the definition of «reporting entities» under the Prevention of Money Laundering Act (PMLA), «onerous obligations» have been put on them with consequences of noncompliance leading to criminal prosecution, and it virtually makes such professionals engage in «policing» their own clients with whom they interact in fiduciary capacity.

By Alexandra Valencia and Julia Symmes Cobb

Russia's first lunar mission in nearly five decades, Luna-25, crashed into Moon a day after it had spun into uncontrolled orbit, the country's space agency said on Sunday, leaving India's Chandrayaan-3 mission's lander module the only spacecraft in the race to touch down on the lunar surface. According to the Russian Space Agency 'Roscosmos', on August 19 an impulse was provided to propel Luna-25 into an elliptical pre-landing orbit. At about 11:57 GMT, communication with Luna-25 was lost, in a blow to Moscow's space ambitions.

INDIA alliance is likely to be unveiled during the front's meeting in Mumbai on August 31 and September 1, sources said on Sunday. Approximately 80 leaders from more than 26 political parties are expected to attend the third meeting of the INDIA alliance in the country's financial capital, they said. At present, 26 parties are part of the grouping and a few more are set to join the alliance during the two-day meeting, the sources added.

By Cassandra Garrison

BERLIN (Reuters) — German Economy Minister Robert Habeck wants to tighten the process for reviewing foreign investments with a new law that would aim to enhance economic security, according to a ministry document seen by Reuters on Sunday.

NEW DELHI: Former Russian president Dmitry Medvedev has warned that the Russia-Ukraine conflict may end up dragging on for decades as the fight is an “existential” conflict for Moscow and a «fight for its very existence». According to a report by RT, Medvedev posted on social media stating that «Russia must destroy and fully dismantle the Ukrainian state that is a terrorist in its essence, making sure this filth never re-emerges again». Medvedev, who is currently deputy chairman of the Russian Security Council, wrote: “Should it take years or even decades, then so be it. We have no choice: either we will destroy their hostile political regime, or the collective West will eventually tear Russia to pieces. And in this case, it will perish with us. Nobody needs this." «Therefore, the only way is a complete dismantling of the state machine of the hostile country and absolute guarantees of loyalty for the future. They can only be provided by Russia’s control over everything that is happening and will happen in the territories of the former Banderite state. And we will achieve that,» he said. 'Western support will dry up' MORE STORIES FOR YOU✕« Back to recommendation stor

BRICS and use of national currency are among key agendas of the discussion in the 15th BRICS Summit beginning here from Tuesday, India's BRICS Sherpa Dammu Ravi told in an interview. The 1989-batch Indian Foreign Service, who is currently serving as Secretary (Economic Relations) in the Ministry of External Affairs, said, «There are many issues that will be discussed in the Summit, including next expansion of Brics on the agenda and use of national currency for trading and economic activity amongst the BRICS member countries.» «As far as the agenda is concerned, there are many issues that are being discussed and also reported mostly the next expansion item on the agenda.