Financial Express (India)’s Post

Ambani vs Musk: Centre to allocate satellite broadband spectrum administratively amid billionaire rivalry India’s government announced on Tuesday that it will allocate spectrum for satellite broadband services administratively, avoiding the auction route proposed by billionaire Mukesh Ambani’s Reliance. This decision follows Elon Musk’s criticism of the auction as “unprecedented,” marking a notable rivalry between the two billionaires in a growing market expected to reach $1.9 billion by 2030, according to Reuters. Reliance Industries Limited || #Reliance #MukeshAmbani #Musk #Technology

📌The benchmark #equity indices opened Wednesday’s trading session on a lower note. 📌The #NSENifty50 opened 0.24% higher at 24,997. 📌The #BSESensex opened 215 points 0.26% higher at 81,605. 📌The broader indices opened in the red. 📌The #BankNifty index opened 155 points or 0.30% lower at 51,751. BSEIndia || NSE India || Sensex || #Stocks #StockMarket #Shares #ShareMarket #Market #MarketToday

📌#GIFTNifty traded up by 161.50 points or 0.64% at 25,234.50 indicating a positive opening for domestic indices #NSENifty50 and #BSESensex on Tuesday. 📌#Shares in the Asia-Pacific region are trading in mixed territory on Tuesday morning. 📌The Asia Dow is #trading up by 1.12%, where as the Japan’s Nikkei 225 is trading in green, up by 1.01%. 📌South Korea’s #KOSPIindex is traded lower by 0.16%. 📌The benchmark Chinese index Shanghai Composite trading in red, down by 0.27%. 📌Hong Kong’s Hang Seng traded lower by 0.37%. NSE India || BSEIndia || Sensex || #Stocks #StockMarket #NSE #BSE #Shares #ShareMarket #Market #MarketToday