Friday, October 22, 2021
NATO defence ministers may agree to plan to deter Russian threat

NATO defence ministers may agree to plan to deter Russian threat

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The strategy, which is confidential, goes beyond existing regional defence plans and aims to prepare for any simultaneous attack in the Baltic and Black Sea regions, possibly including nuclear weapons Topics NATO alliance | Russia | nuclear weapons Reuters  Last Updated at October 21, 2021 23:37 IST NATO NATO defence ministers are set to agree a new master plan…
WeWork goes public through SPAC, 2 years after failed IPO attempt

WeWork goes public through SPAC, 2 years after failed IPO attempt

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The office-leasing company scrapped plans for an IPO in 2019 after investors' concerns over its business model and corporate governance and its founder and former CEO Adam Neumann Topics WeWork | IPO | Office leasing Reuters  Last Updated at October 21, 2021 23:33 IST Photo: Reuters Shares of WeWork jumped 8 per cent in early trading on Thursday, as…
Paytm may skip pre-IPO share sale to fast-track listing

Paytm may skip pre-IPO share sale to fast-track listing

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Paytm, backed by SoftBank, Berkshire Hathaway, and Jack Ma's Ant Group, plans to raise as much as $2.2 billion from its share sale, according to its draft prospectus Topics Paytm | IPO Fintech giant Paytm, which is headed for an initial public offering (IPO) at a valuation of $20-22 billion, is considering not going ahead with a…
UN sets up special trust fund for ‘people’s economy’ in Afghanistan

UN sets up special trust fund for ‘people’s economy’ in Afghanistan

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With the local economy "imploding", the aim is to inject liquidity into Afghan households to permit them to survive this winter and remain in their homeland Topics Afghanistan | Taliban | United Nations Reuters  Last Updated at October 21, 2021 23:21 IST (Photo: AP/PTI) The United Nations said on Thursday it had set up a special trust fund to…
Best Global Brands 2021: Apple keeps leading area, Tesla greatest gainer

Best Global Brands 2021: Apple keeps leading area, Tesla greatest gainer

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Valued at $249,249 million, Amazon ranks second; Microsoft, Google, and Samsung follow Topics Global Brands | Apple  | Tesla Apple, valued at $408,251 million, retained its first spot for the ninth consecutive year in Interbrand’s list of the best global brands for 2021. However, it was Tesla that was the highest gainer with a 184 per cent increase…
BSNL to provide UK-based Inmarsat’s GX satcomm services in India

BSNL to provide UK-based Inmarsat’s GX satcomm services in India

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British satellite operator Inmarsat Holdings Ltd said it’s the first foreign operator to get India’s approval to sell high-speed broadband to planes and shipping vessels. Inmarsat will access the market via Indian state-owned telecommunications company Bharat Sanchar Nigam Ltd, after BSNL received a license from India’s Department of Telecommunications, the London-based company said in a…
Jio gains 649,000 users in August, Airtel includes 138,000, reveals Trai information

Jio gains 649,000 users in August, Airtel includes 138,000, reveals Trai information

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India’s largest telecom operator Reliance Jio gained 649,000 mobile users in August, leading the subscriber addition tally, according to latest data by the Telecom Regulatory Authority of India (Trai). Bharti Airtel added 138,000 users while Vodafone Idea lost 833,000 subscribers during August. Reliance Jio's mobile base stands at 443.8 million, that of Bharti Airtel’s is…
Future Retail celebration to conflict with Amazon: Singapore arbitration panel

Future Retail celebration to conflict with Amazon: Singapore arbitration panel

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Amazon had its sights on ultimately owning some of Future's retail assets itself Topics Future Retail | Amazon Future Retail must take part in arbitration over a commercial dispute with Amazon.com Inc, a Singapore arbitration panel ruled on Wednesday, rejecting the Indian retailer’s bid to avoid the process. Amazon is trying to block Future’s $3.4 billion sale…
PSBs informed to promote monetary addition, broaden insurance protection

PSBs informed to promote monetary addition, broaden insurance protection

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The Centre has also asked state-owned banks to enter into co-lending arrangements with NBFCs and MFIs Topics PSBs | public sector banks | Insurance coverage Nikunj Ohri  |  New Delhi  Last Updated at October 21, 2021 01:21 IST The Centre has asked public sector banks (PSBs) to aggressively target financial inclusion, expand pension and insurance coverage and, at the…
Vodafone Concept accepts 4-year payment moratorium on spectrum fees

Vodafone Concept accepts 4-year payment moratorium on spectrum fees

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Vodafone Idea (Vi) has decided to avail the four-year moratorium on spectrum dues. This will give the stressed telecom operator a fresh lease of life and allow it to make investments in new services and technology. Telcos have been given time till October 29 to communicate whether they wish to avail a moratorium on payment…