01-01-1970 12:00 AM | Source: ARETE Securities Ltd
Key Stock News: Reliance Industries, Reliance Jio, BYJU`S, Vodafone Idea, IndiGo, Bank of India - ARETE Securities

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Key News

Reliance to partner Qualcomm to develop 5G solutions: Ambani at 45th AGM

Reliance Jio, the nation's largest telecom operator, has partnered with Qualcomm to develop 5G solutions for India, Mukesh Ambani said on Monday. Speaking at Reliance Industries' 45th AGM, he said the firm is partnering with Google to develop ultra-affordable 5G smartphones and Google Cloud. It has now forged a collaboration with Qualcomm to develop a 5G solution for India, which can be taken to the rest of the world, he said.

 

BYJU's receives clean FY21 audit from Deloitte, to make it public next week

India's most valued edtech startup BYJU's has finally received an aunqualified' or clean report from auditor Deloitte on its financial results for FY21 that will be shared with the equity and debt investors next week, top sources privy to the development saidon Monday. An unqualified report means that the financial statements of a company are fair and transparent based on thorough research, putting to rest all speculations about BYJU'sill-health.

 

Vodafone Idea denies report alleging data leak of 20 mn postpaid customers

After a cyber-security research firm claimed that call data records of around 20 million customers of Vodafone Idea (Vi) was leaked and accessed by cyber-criminals, the telecom operator has denied the breach. Cyber-security research firm CyberX9 claimed in its report that the call data records of 20.6 million postpaid Vi customers were leaked due to vulnerabilities in the company's systems.

 

IndiGo flight shows engine stall warning as passing jet creates turbulence

New Delhi [India], August 30 (ANI): In a rare occurrence, an Airbus A320 operated by IndiGo was flying over the Guwahati to Mumbai route on Monday at roughly 36,000 feet when the captain noticed an Engine 1 stall warning signal that quickly vanished.

 

Reliance Jio eyes 100 mn homes through its 5G fixed wireless access

Reliance Jio’s aggressive target to reach 100 million households through the launch of the 5G fixed wireless access (FWA) could make it one of the world’s largest players in this space. But this also marks a change from its earlier strategy of offering fibre-to-the home (FTTH) broadband to households. Despite its best efforts, in two years Jio has been able to connect only 7 million households with FTTH, as permission for right of way for the last mile became a major impediment and the process of laying ducts for the roll-out was slow and cumbersome.

 

BoI takes Future Lifestyle to NCLT under bankruptcy code for due recovery

Bank of India (BoI) has dragged Kishore Biyani-controlled Future Lifestyle Fashions (FLFL) to the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code (IBC) for recovery of dues. FLFL — in its filing with the BSE — said Saraf and Partners, advocates, on behalf of BoI, has served a petition under Section 7 of the IBC 2016.

 

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