business
Tech spectrum tussle: US majors push Wi-Fi use for entire 6GHz band as Jio, Vi seek mobile allocation; Airtel, Qualcomm call for deferment
US tech giants have opposed demands from Indian telecom operators Reliance Jio and Vodafone Idea to allocate the 6GHz band for mobile services. Instead, they urge the entire band be reserved for Wi-Fi, citing unestablished readiness for mobile use. The companies advocate for reviewing the allocation post-WRC-27, with any unused spectrum available for unlicensed Wi-Fi…
Gold rate outlook: Prices seen range-bound as markets await US data; Fed signals, dollar strength to guide sentiment
Gold prices are expected to trade within a narrow band as investors await crucial US economic data and Federal Reserve signals on interest rates. Key indicators like GDP and inflation, alongside jobless claims and consumer confidence, will heavily influence market sentiment.
Mining push: J&K to auction 7 limestone blocks for first time; Centre invokes MMDR route to fast-track rollout
Jammu & Kashmir is set to witness its first-ever auction of seven limestone blocks on Monday, a significant step under new mining reforms. These deposits, spanning over 314 hectares, are crucial for cement and construction industries. The transparent, technology-driven process aims to boost employment, industrial growth, and local revenue, contributing to J&K’s economic development and…
Dalal Street top movers: Reliance, Airtel lead gains; 7 of top-10 firms add Rs 1.28 lakh crore in valuation
India’s top companies saw a significant market capitalization boost last week, adding over Rs 1.28 lakh crore. Reliance Industries and Bharti Airtel led the gains, with Reliance retaining its position as the nation’s most valued firm. While most major players experienced growth, Bajaj Finance, LIC, and ICICI Bank saw slight declines in their valuations.
Property trends: Listed realtors clock Rs 92,500cr sales in H1; Prestige leads sales; top 5 developers contribute 70%
India’s top 28 listed real estate developers achieved combined sales bookings of nearly Rs 92,500 crore in the first half of FY26. This surge was fueled by sustained residential property demand and a growing preference for established, branded developers. Prestige Estates Projects led with Rs 18,143.7 crore in pre-sales, followed by DLF and Godrej Properties.
Insurance restructuring push: Govt revisits merger plan for PSU general insurers; capital infusion, privatisation options back on table
The Finance Ministry is revisiting the merger of Oriental, National, and United India Insurance companies following their financial recovery. This move revives a 2018 proposal aimed at boosting efficiency. Alongside this, the government is assessing options for privatizing a general insurer and plans to raise the FDI cap in the insurance sector to 100%.
India reviews drug imports: Over 65 patented therapies flagged; agencies seek key cancer, diabetes and cardiac drugs
The government is considering allowing global tenders for essential patented medicines, including treatments for obesity, cancer, and diabetes, to address shortages in India. This move aims to ensure timely access to critical drugs for central healthcare agencies like the armed forces and ESIS, potentially expanding exemptions from domestic sourcing rules.
No January hikes? FMCG and auto firms stall routine price increases; act cautiously after recent GST cuts
Consumer goods makers are delaying price hikes despite rising production costs, fearing government action after recent GST reductions. Companies across sectors like autos and electronics are holding prices steady, seeking clarity from authorities. This cautious approach aims to boost consumption and avoid potential regulatory scrutiny.