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India's top two telecom operators, Reliance Jio and Bharti Airtel, are likely to post improved profitability and cash generation through fiscal 2025, on the back of a likely moderation in 5G capital expenditure and customer churn from this quarter, FY24 onwards, said analysts. «Capex will remain elevated in 2QFY24, but we expect moderation in 2HFY24, which will help improve profitability and cash generation...Airtel and Jio are well positioned over the medium-term with growth levers such as subscriber upgrades, market share gains and tariff hikes that are just a matter of time,» BNP Paribas said in a note. Jio and Airtel managements have been guiding for a moderation in network capex from FY25 onwards with accelerated pan-India 5G rollouts likely to be concluded by December 2023 and March 2024, respectively. «Bharti's management capex guidance implies (annual) India business capex could decline to ₹20,000 crore from FY25 (versus ₹28,000 crore in FY23 and a similar guidance in FY24), though we continue to conservatively build in ₹27,000 crore for FY25,» JM Financial said. Jio, with more than 62 million 5G users, and Airtel, with over 50 million subscribers for the service, have been expanding their networks since the launch in October 2022. Loss-making Vodafone Idea (Vi) has yet to announce its 5G services launch as it is yet to close its much-delayed fundraising. Analysts, though, believe serious monetisation of 5G services is at least a year away despite Jio and Airtel recently taking first steps by launching AirFiber or 5G-based fixed wireless access (FWA) services in a few markets. Some analysts expect Jio to take the lead in hastening monetisation of its 5G-based FWA services by bundling PayTV. «Any

Southern Cross Austereoexecutives are aiming to drum up wider interest to counter a takeover bid from radio rival ARN Media and private equity firm Anchorage Capital Partners lobbed last week.

NEW DELHI : The government plans to earmark ₹30,000 crore to expand the Pradhan Mantri Fasal Bima Yojana (PMFBY) portal into a comprehensive platform that will extend insurance coverage beyond crops to include assets such as ponds, tractors, livestock, and palm trees, two officials said. This initiative will be driven by the AIDE app, launched in July, to ensure door-to-door enrolment, making crop insurance more accessible and convenient for farmers. Through this app, insurance intermediaries will not only enrol farmers for crop insurance, but also extend coverage to 40 million farmers for non-subsidized schemes.

The Smallcase angle Smallcase is a platform that allows advisers and analysts to curate and offer a number of ready-made portfolios of stocks or exchange-traded funds (ETFs) that, according to the firm’s website, track a theme, strategy or objective. People could invest in any portfolio of their choice for a fee. There was no restriction on the number of portfolios that advisers and analysts could offer.

U.S. stocks tumbled on Friday to cap a losing week as investors worried about more interest rate hikes and the Israel-Hamas conflict spreading.

ZURICH (Reuters) — Switzerland looked set to shift to the right in its national elections on Sunday, as concerns about immigration and political correctness trumped fears about climate change and melting glaciers.

Dr. Death, a true crime anthology. The first season depicted the story of Christopher Dunstch, a Dallas surgeon who caused severe harm to his patients. Now, season 2 follows another bizarre tale of a questionable doctor.

Air India Express will focus on routes which have a higher component of price-sensitive customers and leisure travellers, airline's Managing Director Aloke Singh has said. Singh also said that Air India Express is not looking at spreading its capacity all over the country in the beginning and instead will first consolidate its presence on the existing routes.

World Cup bout against New Zealand in Dharamshala on October 22, as he picked up 5 wickets for 54 runs. The fifer from Shami makes Shami the only Indian bowler to have picked up two 5-wicket hauls in the history of cricket world cups, social media users pointed out. Fans on internet cheered Shami for his top-class performance, with some of the prominent voices also questioning why he was kept out of the playing XI so far.

Elon Musk acquired Twitter for $44 billion in October last year after a months-long tumultuous phase. One year on, controversies associated with the platform (now called X), amid the non-stop spread of disinformation, is far from over.

BEIJING/MANILA (Reuters) -China and the Philippines traded accusations over a collision in disputed waters of the South China Sea as Chinese vessels blocked Philippine boats supplying forces there on Sunday in the latest of a series of maritime confrontations.

Norma pummeled the coastal region of Los Cabos at the southern tip of Mexico's Baja California Peninsula, while Hurricane Tammy set its sights on the picturesque Caribbean island of Barbuda. Both storms arrived with Category 1 hurricane force, intensifying concerns across these regions. Norma, once a menacing Category 4 hurricane, made its presence felt with winds gusting at 80 mph (130 kph) as it came ashore near el Pozo de Cota, situated to the west-northwest of Cabo San Lucas, as confirmed by the U.S.

Iowa woman, Madison Russo, who falsely claimed to have cancer and shared her fabricated «battle» on various social media platforms, has been spared from a prison sentence. A judge has sentenced her to probation and imposed a 10-year suspended sentence. Russo, aged 20, made unfounded assertions about suffering from pancreatic cancer, leukemia, and a football-sized tumor wrapped around her spine on platforms such as TikTok, GoFundMe, Facebook, and LinkedIn.

Jeff Bezos, the founder of Amazon, briefly stepped into the role of a product reviewer on his e-commerce platform. During this time, the tech magnate shared his thoughts on six different products.

General Atlantic on Sunday said it will acquire a minority stake in Indian online B2B travel distribution platform Travel Boutique Online (TBO) for an undisclosed sum. For the deal, General Atlantic entered into an agreement with entities held by Affirma Capital. Subsequent to this transaction, Affirma Capital will continue to remain invested in TBO, the company said in a statement.

China and the Philippines traded accusations over a collision in disputed waters of the South China Sea as Chinese vessels blocked a Philippine boat supplying forces there on Sunday, the latest in a series of maritime confrontations. The two countries have had numerous run-ins in areas of the South China Sea in recent months, especially the disputed Second Thomas Shoal, part of the Spratly Islands. The Philippines has been sending supplies to troops stationed on a rusted World War Two-era transport ship used as an outpost on the shoal, prompting China's coast guard to repeatedly deploy vessels to block the resupply missions. In the incident on Sunday morning, China's coast guard said there had been a «slight collision» between one of its ships and the Philippine boat while the coast guard was «lawfully» blocking the boat from transporting «illegal construction materials» to the warship.

Cryptocurrencies have been a hotbed of innovation and volatility, with prices that can skyrocket or plummet in a matter of hours. Yet, the question remains: how do these digital assets correlate with the broader macroeconomic factors that influence global financial markets? The Intersection of Cryptocurrency and Macroeconomics Cryptocurrencies, including the most well-known Bitcoin being a form of 'digital gold' and a hedge against traditional financial instruments. This view has fueled the perception that crypto markets might be inversely correlated with macroeconomic factors. However, the reality is more complex. Risk-on vs. Risk-off Behavior: Cryptocurrencies have displayed both risk-on and risk-off behavior, depending on market sentiment. During periods of economic uncertainty, cryptocurrencies like Bitcoin have been seen as safe-haven assets, much like gold. But during times of economic prosperity, they can behave more like risk assets, reflecting investor appetite for high returns. Inflation Hedge: A macroeconomic factor closely tied to cryptocurrencies is inflation. The finite supply of cryptocurrencies like Bitcoin and the belief that they can serve as a hedge against fiat currency devaluation have led to increased investment during times of rising inflation.

Read all the latest updates on Israel-Hamas war at Mint's LIVE blogCanadian Prime Minister Justin Trudeau on Saturday met Palestinian, Arab, and Black Muslim communities in the country and assured them all the support.In a post on the X platform, Trudeau wrote, "We are stronger when we stand together for peace – and we will continue to do that. Canada continues to stand firmly for a two-state solution and for the right of Palestinians and Israelis to live side by side in peace and security".Israeli aircraft struck the Jenin refugee camp in the occupied West Bank early on Sunday, killing two Palestinians and wounding several others, according to Reuters news agency.

Roblox offers a wide array of games, and among the standout titles is "Build to Survive." This game presents players with the challenge of constructing their own structures and enduring a variety of survival challenges. Before you dive into the game, it's essential to understand how to play, what the key components are, and why it's such an exhilarating experience. Getting Started To access Build to Survive, you can do so freely on the Roblox platform. If you're new to Roblox, the first step is to create an account.

Web Summit Chief Executive and founder Paddy Cosgrave resigned on Saturday after comments he made on the Israel-Hamas conflict prompted some technology companies and investors to withdraw plans to attend its conference in Portugal next month. «Unfortunately, my personal comments have become a distraction from the event, and our team, our sponsors, our startups and the people who attend,» Cosgrave said in a statement.

(Reuters) -Pulitzer Prize-winning author Viet Thanh Nguyen said on Saturday a Jewish organization in New York City canceled a reading he was due to give on Friday without explanation, a day after he said he signed an open letter condemning Israel's «indiscriminate violence» against Palestinians in Gaza.