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As India prepares to roll out next generation 5G services through this auction, we are one of the many applicants participating in the open bidding process, the Adani group said in a statement. 

Adani, Asia’s richest, is bidding for 5G telecom spectrum auction

The Adani Group said on Saturday it will take part in the bidding process of the 5G telecom spectrum auction. The development comes just a day after reports indicated that the group would be making a surprise entry that it will pitch against Reliance Jio and Airtel. The group pointed out that it has no intention to be in the consumer mobility space.

HT Digital CEO Puneet Jain

Big tech-news publishers' economic imbalances must be addressed: HT Digital CEO

Experts from Canada and the US, along with CEOs of India's top news publishing businesses, including HT Digital, discussed ways to decode the publisher-platform relationship in Friday's second Digital News Publishers Association Dialogues conducted virtually on Friday. The event saw five panellists brainstorm over various challenges being faced by the news media industry vis a vis big tech companies.

Multi-asset funds are ideal for investors looking for avenues for long-term investments.

How multi asset funds can help with your diversification goals?

Portfolios, where weightages are heavily tilted towards one or two assets, can find it difficult to withstand the undulations of the market. Here is how investment in multi-asset funds can help you achieve your diversification objectives: Overcoming human bias Irrespective of the experience you may have as an investor, we are all prone to biases. Making rebalancing an easier task Simply picking asset classes and investing in them is not enough for portfolio diversification.

Shareholders react as Sensex and Nifty go down.

Sensex tumbles 389 points to close at 62,182, Nifty in red at 18,497

Equity benchmark Sensex declined nearly 390 points on Friday, pressured by heavy selling in IT, tech and energy stocks despite a positive trend in the global markets. The 30-share BSE Sensex opened strong but came under severe selling pressure to close 389.01 points or 0.62 per cent lower at 62,181.67. Similarly, the broader NSE Nifty declined 112.75 points or 0.61 per cent to 18,496.60.

Representational image.

Apple finally adopts security parity with iCloud encryption and Message keys

Apple is adding end-to-end encryption to iCloud Backups, which is now part of the expanded list of data and content categories on iCloud, which will have the encryption layer. Simultaneously, Apple is also enabling iMessage Contact Key Validation for conversation privacy and will also allow users to secure their iCloud accounts using hardware security keys.

Multi-asset funds are better suited for investors who do not have very high-risk appetites or do not have the expertise to maintain a diversified portfolio by themselves.

Things to bear in mind when investing in multi-asset funds

With more and more investors looking for outcome-focused investment approaches that are cut out for their specific needs, multi-asset funds have emerged as a convenient choice. If you are planning to invest in a multi-asset fund, you should carefully analyse whether the fund's asset allocation matches your goals and risk-taking abilities. Thus the strategies of individual funds could vary significantly. Funds investing at least 65% in domestic equities are subject to equity taxation.

Sushmita Shukla (Image: PTI)

Who is Sushmita Shukla, Indian-origin First Vice President of New York Fed?

The Federal Reserve Bank of New York has appointed Indian-origin Sushmita Shukla as its First Vice President, and Chief Operating Officer (COO), making Sushmita Shukla its highest-ranked official after President and CEO, John C Williams. ?We're pleased to announce that the Board of Directors of the New York Fed has appointed Sushmita Shukla as First Vice President and Chief Operating Officer,? tweeted the Federal Reserve Bank of New York.

The BSE building at Dalal Street in Mumbai. (PTI File Photo/Used only for representation)

As Indian stocks look set to lose momentum, here's what to expect in 2023

Indian stocks that offered a refuge from losses that plagued global equity investors in 2022 look set to lose momentum next year as sky-high valuations weigh on market enthusiasm. That's the consensus from analysts and strategists, who also expect the rupee to underperform emerging-market currencies broadly and the nation's bonds to benefit from inclusion in major global indexes.

IndiGo. (ANI Photo)

IndiGo to have its biggest fleet from new Goa international airport. Details here

Indian budget airline IndiGo on Thursday announced that it will operate as many as 168 weekly flights to eight domestic destinations from the soon to be inaugurated New Goa International Airport. Operations at the popular coastal state's second airport ? located in North Goa's Mopa village ? will kick off after a grand inauguration by Prime Minister Narendra Modi on December 11.

Representative Image

Markets opening alert: Sensex in green at 62,686, Nifty rises to 18,643

Equity benchmark Sensex climbed 115 points in early trade on Friday, helped by buying in auto, metal and FMCG stocks amid a firm trend in global markets. The 30-share BSE index was trading 115.09 points or 0.18 per cent higher at 62,685.77 in initial deals. Similarly, the broader NSE Nifty gained 33.25 points or 0.18 per cent to 18,642.60. The broader NSE Nifty advanced 48.85 points to settle at 18,609.35.

An image of Elon Musk is seen on a smartphone placed on printed Twitter logos in this picture illustration.

Latest Twitter lawsuit says company targeted women for layoffs

Twitter Inc has been hit with another lawsuit stemming from the recent purging of half its workforce, this one accusing the social media company of disproportionately targeting female employees for layoffs. Twitter laid off roughly 3,700 employees in early November in a cost-cutting measure by MElon Musk, the world's richest person and hundreds more subsequently resigned. Twitter did not immediately respond to a request for comment.

Pentagon

Pentagon splits $9 bn cloud contract among Google, Amazon, Oracle and Microsoft

The Pentagon awarded $9 billion worth of cloud computing contracts to Alphabet Inc's Google, Amazon, Microsoft and Oracle on Wednesday. The Joint Warfighting Cloud Capability (JWCC) is the multi-cloud successor to the Joint Enterprise Defense Infrastructure, which was an IT modernization project to build a large, common commercial cloud for the Department of Defense. The move comes months after the Pentagon had delayed its decision to award an enterprise-wide JWCC contract.

Former Theranos President and COO Ramesh "Sunny" Balwani arrives for a hearing at a federal court in San Jose, California.

Theranos former executive Ramesh Balwani jailed for 13 years in blood-testing tech fraud

Only 31% women own mobile phones, says Oxfam report on India digital divide Balwani, 57, of Fremont, Calif., was employed from September 2009 through July 2016 at Theranos, Inc. Over time he held the positions of board member, chief operating officer and president. Theranos, now defunct, was a blood testing company based in Palo Alto and Newark, Calif., that was founded in 2003 by Balwani's former romantic partner Elizabeth Holmes, 38, of Woodside, Calif.

Amazon CEO Andy Jassy earlier wrote an open letter to employees informing about job cuts.

After over-hiring, Amazon to lay off 20,000 employees in coming months: Report

Amazon is planning to size down its workforce by laying off 20,000 employees in the coming months reportedly after over-hiring during the pandemic. The layoffs plan includes centre workers, technology staff and corporate executives. Amazon has a 15 lakh workforce, including global distribution centre and hourly workers. Thus, if the company undertakes the layoff, it would be the largest staff reduction in the company's history equivalent to about 1.3 per cent of its total workforce.

Of the Sensex constituents, 19 shares clocked gains and 11 suffered losses.

Closing bell: Post repo rate hike, Sensex falls 215 points, Nifty ends at 18,560

Closing bell: After RBI's latest lending rates out, Sensex falls 200 points, Nifty ends at 18,560

The UPI's BHIM app is backed by the central government.

RBI to add feature in UPI platform to make online shopping, investment easier

The RBI on Wednesday said it has decided to add a feature in the UPI platform to aid payments where delivery of goods and services happens later, like e-commerce purchases, hotel bookings or investments in securities. “It has…been decided to introduce a single-block-and-multiple-debits functionality in UPI, which will significantly enhance the ease of making payments in e-commerce space and towards investments in securities,” RBI Governor Shaktikanta Das said after announcing the bi-monthly policy review.

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