India's top three telcos — Reliance Jio, Vodafone Idea, and Bharti Airtel — will likely add 25 per cent more employees in FY24 as they work on 5G coverage expansion and monetisation.

Experts said that the hiring activity by the three telcos picked up in FY23 after a slowdown in FY22, according to a report in The Economic Times (ET).

On August 15, Mahindra Tractors, a division of the Mahindra Group, launched the Mahindra OJA tractor range. This is a new range of lightweight tractors that promises to revolutionise farming. The tractors have been launched for Rs 5.64 lakh for OJA 2127 and Rs 7.35 lakh for OJA 3140 in Pune.

Derived from the Sanskrit word "Ojas," meaning "powerhouse of energy", the OJA range marks a paradigm shift in tractor design and engineering that aims to address the diverse market needs of farmers across the globe.

The price of 24-carat gold declined Rs 110 during Wednesday's early trade, with ten grams of the precious metal selling at Rs 59,510, according to the GoodReturns website. Silver price was unchanged, with 1 kg of the precious metal selling at Rs 72,800.

The price of 22-carat gold dipped Rs 100, with the yellow metal selling at Rs 54,550.

To increase the use of drones in agriculture and boost the rural economy, Prime Minister Narendra Modi on Tuesday said the government would soon launch a scheme through which women in around 15,000 self-help groups (SHGs) would be trained to fly and repair drones.

Addressing the nation from the ramparts of the Red Fort on the occasion of 77th Independence Day celebrations, Modi said India was focusing on women-led development, and highlighted the achievements made in various fields, including aviation.

The family of IndiGo co-founder Rakesh Gangwal is likely to sell shares worth Rs 3,730 crore through a block deal on Wednesday, according to a term sheet. This is part of Gangwal’s plan to bring down his family's stake in the company.

The offer floor price for the deal is Rs 2,400 per share, which is a 5.8 per cent discount to the company’s last closing price of Rs 2,549 per share. The Gangwal family has put up 15.6 million shares for sale, representing approximately 4 per cent of its existing outstanding shares in the company.

Information technology major Infosys and Liberty Global, a London-based telecom firm, signed a €1.5 billion (about $1.64 billion) deal for five years to evolve and scale up the telco's digital entertainment and connectivity platforms, the companies said in a joint statement on Tuesday.

As part of the expanded collaboration agreement, the size of the contract will touch €2.3 billion (about $2.5 billion) if extended to 8 years.

Larsen & Toubro (L&T) Construction on Monday announced that its buildings and factories (B&F) business has secured significant orders in the range of Rs 1,000 to 2,500 crore in India and Bangladesh.

The B&F Business has secured an order from the Uttar Pradesh Cricket Association (UPCA) for the “construction of a cricket stadium at Varanasi, Uttar Pradesh” on design and build turnkey basis, the company said in its press release.

Reliance Jio seems to be ready with its next generation low budget 5G smartphones. Indicating a forthcoming announcement, two Jio smartphones have received certifications from Bureau of Indian Standards (BIS). The BIS certification confirms compliance with the country’s safety and quality standards.

According to news reports, the stamp of approval by BIS was granted on Friday (August 11) to devices bearing model numbers JBV161W1 and JBV162W1. The new Jio phones would likely feature 4GB RAM and 32GB internal storage. These are likely to be powered by Qualcomm Snapdragon 480 system-on-a-chip (SoC).

Shares of Adani group stocks fell on Monday after Deloitte resigned as auditor of the Adani group's port company.

Deloitte has resigned as auditor of the Adani group's port company, with the firm run by billionaire Gautam Adani saying the auditor wanted a wider remit over other firms in the conglomerate following the report of a US short seller.

Centre is likely to disburse Rs 600 crore to Samsung under the Production-linked Incentive (PLI) scheme for mobile phone manufacturing, Mint reported on Monday. This would be the largest payout ever under the scheme.

Samsung had claimed incentives of about Rs 900 crore for generating revenues of about Rs 15,000 crore from smartphone sales in 2020-21, the first year of the PLI scheme. It was the only company to meet the threshold of minimum investment of Rs 250 crore in India.

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