The Union Cabinet on Wednesday cleared a Rs 1.64-trillion package for Bharat Sanchar Nigam Ltd (BSNL) as part of a four-year turnaround plan. The package includes a mix of financial support, debt restructuring, viability-gap funding, and administrative allotment of spectrum, which may help the state-owned telecom service provider to de-stress its balance sheet, improve landline network, and launch 4G service.

It is expected that with the implementation of this revival plan, BSNL will turn around and earn profit in FY2026-27, Telecom Minister Ashwini Vaishnaw said.

In an unprecedented action, Indian aviation regulator DGCA has directed low-cost airline Spicejet to operate only 50 per cent of its flights for eight weeks. This follows an unusually high number of incidents involving the airline, raising safety concerns.

The curtailment of capacity is unlikely to have any commercial impact on the airline owned by entrepreneur Ajay Singh. SpiceJet already operates less than 50 per cent of the flights it had filed for the summer schedule.

The Indian Space Research Organisation (ISRO), through its commercial arms, has earned 279 million dollars in foreign exchange by launching satellites for global clients, Union Minister Jitendra Singh told the Lok Sabha on Wednesday.

In a written reply to a question, Singh said ISRO in association with its commercial arms has successfully launched 345 foreign satellites from 34 countries on-board Polar Satellite Launch Vehicle (PSLV).

Pakistani rupee (PKR) reached a new low against the US dollar on Tuesday, closing at Rs 232.93 in the interbank market.

The local unit closed at Rs 232.93 in the interbank market, up from Rs 229.88 a day earlier, as it shed Rs3.05 or 1.31 per cent against the dollar, data from the State Bank of Pakistan (SBP) showed.

With better than expected Rs 1.45 lakh crore bids coming in on the first day, the auction of 5G spectrum entered the second day on Wednesday with the opening of the fifth round.

Firms run by tycoons Mukesh Ambani, Sunil Bharti Mittal and Gautam Adani as well as Vodafone Idea are participating in the e-auction to buy fifth-generation (5G) airwaves.

Qapita, a Singapore- and India-based equity management firm, said on Wednesday it has completed the acquisition of ESOP Direct in an all-cash transaction. The value of the deal was not disclosed.

Pune-based ESOP Direct provides solutions in equity compensation. Qapita said by acquiring ESOP Direct it will become a market leader in the region. The deal will expand its customer base in India and Southeast Asia to more than 1,200 customers.

Despite Twitter's ongoing legal battle with Elon Musk, the microblogging site has set a date for its shareholders to vote to approve its USD 44 billion takeover offer by Tesla CEO.

As per CNN, Twitter on Tuesday sent shareholders a letter saying it would hold a virtual special meeting on September 13 to vote on the merger agreement.

Global soft drinks major Coca-Cola Company on Tuesday said its India business recorded the best-ever volumetrically growth in the second quarter.

It reported unit case volume growth in the June quarter, helped by its sparkling soft drinks portfolio and fruit drink brand Maaza.

Congress Interim President Sonia Gandhi will appear before the Enforcement Directorate (ED) on Wednesday for the third round of questioning related to a money laundering case linked to the National Herald newspaper.

The Congress president, 75, was interrogated by the probe agency for six hours on Tuesday. Officials said Sonia Gandhi's response was sought to around 30 questions regarding her involvement with the National Herald newspaper and the company under scanner in the case, Young Indian Pvt Ltd.

As tech giant Google's Play Store officially completed 10 years, it is now getting a new logo to celebrate its 10th anniversary.

The tech giant has slightly tweaked the overall shape of its Google Play Store logo, but the most notable changes are the less vibrant colours that more closely match the green, yellow, blue, and red hues that Google uses for many of its other services.

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