A new draft of the telecom Bill – expected to be introduced before Parliament on Monday – doesn’t mention over the top (OTT) services in its definition of telecom services and clears the way for satellite spectrum to be allocated by the government.

Reviewed by 'Business Standard', the draft defines telecommunications services as "any service for telecommunications".

A consortium of five lenders sanctioned a term loan of Rs 3,215 crore to the GMR Visakhapatnam International Airport, with the aim of helping GMR Group build its fourth airport in India.

The GMR Airports currently operates New Delhi's Indira Gandhi International Airport, the Rajiv Gandhi International Airport in Hyderabad, and the Manohar International Airport in Goa, and an airport each in the Philippines and Indonesia.

The Mumbai Police has filed a First Information Report against Sajjan Jindal, Chairman of JSW Group, after a 30-year-old woman complained of rape and sexual assault against him. The assault allegedly took place at JSW Group's head office at Bandra Kurla Complex on January 24 last year.

The FIR was filed on December 13 after an order by a Mumbai court.

India's merchandise trade deficit fell to $20.58 billion in November, according to government data released on Friday. It was primarily driven by a fall in imports, by 4.3 per cent, to $54.48 billion as compared to $56.95 billion in the same month last year.

The exports, however, fell less sharply by 2.8 per cent to $33.90 billion from $34.89 billion a year ago. Trade deficit is the difference between imports and exports of a country during a time period.

In a stirring tribute on Vijay Diwas, Prime Minister Narendra Modi saluted the brave heroes of the 1971 war, whose sacrifices led to a decisive victory for India. Their unwavering spirit and dedication, he said, are etched in the nation's history and the hearts of its people.

Today, on Vijay Diwas, we pay heartfelt tributes to all the brave heroes who dutifully served India in 1971, ensuring a decisive victory. Their valour and dedication remain a source of immense pride for the nation.

Ranjan Pai, chairman of Manipal Education and Medical Group, has pledged an investment of Rs 1,300 crore in the PharmEasy rights issue. This commitment was made through his family office, according to sources familiar with the matter.

This investment by Pai is part of a larger Rs 3,500 crore fundraising effort by the e-pharmacy company through the rights issue. The issue was oversubscribed at Rs 3,950 crore, but the company is only raising Rs 3,500 crore.

The price of 24-carat gold rose marginally by Rs 110 during early trade on Saturday, with ten grams of the precious metal selling at Rs 63,000, according to the GoodReturns website. The price of silver climbed Rs 1,000 with one kilogram of the precious metal selling at Rs 78,500.

The price of 22-carat gold rose Rs 100, with the yellow metal selling at Rs 57,750.

No-frills airline SpiceJet has seen a gradual increase in its domestic market share towards the end of the year, following a decline in the first half of 2023, DGCA data showed.

The airline, which recorded a share of 6.2 per cent in November, announced last month the addition of 44 flights on new and existing routes for the winter schedule. The carrier has recently added eight Boeing 737s, including four 737 Max planes, to its fleet.

The Centre’s nodal agency for cyber security, Indian Computer Emergency Response Team (Cert-In), has issued a high-risk warning for Samsung smartphones, flagging multiple vulnerabilities and emphasising the need for urgent updates of their operating systems.

The alert highlights security concerns and asserts that the phones are prone to vulnerabilities that can allow an attacker to snoop and access data on the device without the user’s knowledge.

Finance Minister Nirmala Sitharaman on Wednesday introduced two Bills in Parliament to immediately give effect to Customs and excise duty changes announced in the Budget and raise the age limits for president and members of the goods and services tax appellate tribunals (GSTATs).

The Provisional Collection of Taxes Bill, 2023, which seeks to replace the pre-Independence era Provisional Collection of Taxes Act, 1931, is aimed at curbing speculative activities, following changes in Customs and excise duties in the Budget.

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