To record all the words ever spoken by humankind, five exabytes of storage would be enough. Indian tycoon Mukesh Ambani’s telecom customers used up nearly six times as much data last quarter. As the billionaire businessman targets his 428 million subscribers with a new 5G service and seeks to lure another 300 million feature-phone users to smartphones, the challenge facing him has changed. When he was starting out six years ago, how to sell data in a developing country was the big issue. What to sell next to someone who’s already guzzling data is the question now.

A consortium led by Japan Industrial Partners Inc. is considering a takeover of Toshiba Corp. at a valuation of about 2.4 trillion yen ($16.1 billion) in what could be Asia’s biggest buyout this year, according to people familiar with the matter.

The JIP-led group, which is the preferred bidder to take the Japanese industrial group private, plans to provide 1 trillion yen in cash, while seeking financing totaling 1.4 trillion yen from banks along with a committed line of credit of 200 billion yen in working capital, said the people, who asked not to be identified as the matter is private.

The Board of Reliance Industries Limited (RIL) on Friday approved a scheme of arrangement under which the EPC and Infrastructure Undertaking of Reliance Projects and Property Management Services Limited (RPPMSL), a wholly owned subsidiary of RIL is proposed to be demerged into RIL.

This demerger, together with the existing EPC team in RIL, creates a focused EPC undertaking in RIL to cater to the needs of the group, a RIL release said.

The BJP, after losing elections in different states, purchased the MLAs and formed the government undemocratically through the backdoor, CPI-M General Secretary Sitaram Yechury said here on Friday.

Addressing a mammoth rally here, he said that the BJP formed governments in Goa, Karnataka, Madhya Pradesh, Maharashtra and northeastern states after purchasing the MLAs after they failed to get the people's mandate in the Assembly elections.

Former British Prime Minister Boris Johnson -- ousted by ethics scandals just three months ago -- has jockeyed to make a comeback as one of several contenders seeking to replace Liz Truss, whose rapid downfall threw the country's leadership into disarray at a time of severe economic challenges.

The governing Conservative Party has ordered a lightning-fast race that aims to finalise nominations on Monday and install a new prime minister, its third this year, within a week.

Reliance Jio Chairman Akash Ambani will launch 5G services in Rajasthan from the famous Shrinathji temple in Nathdwara, Rajsamand, on Saturday, Reliance officials told IANS.

As per the information received, Akash Ambani will reach Udaipur on Saturday morning by a special plane, from where he will travel to Nathdwara to launch 5G services in the desert state.

Venture capital firm Silverneedle Ventures on Friday said it has launched a Rs 100-crore fund and plans to invest in 30 startups in the next 18 months.

The fund was founded by Ajay Jain and Deepesh Agarwal, who were also the founders of Xseed Partners, and it was approved by market regulator Securities and Exchange Board of India (SEBI) in August.

Bain Capital is among firms considering a bid for polyester film manufacturer Polyplex , according to people familiar with the matter.

The Boston-based buyout firm has been sounding out financing for the potential offer, which could value Polyplex at more than $1 billion including debt, said the people, who asked not to be identified as the information is private. The Mumbai-listed company has also attracted interest from other firms in the industry, the people said.

Serum Institute of India (SII) had to defer HPV vaccine production by two years due to the focus on COVID, and will start supplying small quantities of the dose to the Indian government in early 2023, a top official has said.

Exports will have to wait till 2024, its chief executive Adar Poonawalla told reporters here on Thursday evening, adding that the company has to build a scale of manufacturing to over 150 million for that.

The rupee depreciated 12 paise to 82.91 against the US dollar in morning trade on Friday tracking a firm American currency in the overseas market.

At the interbank foreign exchange, the domestic unit opened at 82.89 against the dollar, then lost further ground to 82.91, registering a loss of 12 paise over its previous close.

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