Bharti Airtel on Monday announced it has joined SEA-ME-WE-6 undersea cable consortium, participating as a major investor, while Reliance Jio said it will land its India-Asia-Xpress (IAX) undersea cable system in Hulhumale, Maldives.

In a day of twin developments, the two large operators came out with separate announcements related to undersea cable projects.

Adani Group and Ballard Power Systems have joined hands to evaluate a joint investment in hydrogen fuel cells manufacturing in India.

Under the MoU, both parties will examine various options to cooperate, including potential collaboration for fuel cell manufacturing in India, Adani group said in a statement.

The Enforcement Directorate (ED) on Monday raided the premises of Indiabulls Finance Centre in Delhi and Mumbai. This is in connection with money laundering allegations made against the firm and promoter Sameer Gehlot in April 2021.

Last year, a case was lodged against the company and its promoter at Palghar, Maharashtra, where it was alleged that the company siphoned off money invested in its own shares to boost prices.

India logged 16,051 new coronavirus infections, taking the virus tally to 4,28,38,524, while the active cases dipped to 2,02,131, according to the Union Health Ministry data updated on Monday.

The death toll climbed to 5,12,109 with 206 fresh fatalities, the data updated at 8 am stated.

Andhra Pradesh IT and Industries Minister Mekapati Goutham Reddy passed away on Monday morning after suffering a heart attack.

Doctors at Apollo Hospital in Hyderabad informed in an official statement today, State Minister Goutham Reddy suffered a heart attack this morning. He was immediately shifted to Apollo hospital. The doctors there declared him brought dead.

President Ram Nath Kovind, who is also the Supreme Commander of the Armed Forces, will be reviewing the Naval Fleet comprising over 60 ships and submarines, and 55 aircraft at Andhra Pradesh's Visakhapatnam on Monday.

As per an official statement from the Ministry of Defence, the President's Fleet Review, an awe-inspiring and much-awaited event, will be conducted at Visakhapatnam, Andhra Pradesh on Monday.

Cybercrimes in the country have increased four times or 306 per cent in the past four years. In 2016, 12,317 cases of cybercrime were registered and in 2020 this number increased to 50,035. This means that India registered 136 cybercrime cases every day in 2020, according to the National Crime Records Bureau.

India's cybercrime rate, or the number of cybercrimes per one lakh of population, also shot up by 270 per cent in four years — in 2016, it was 1 and 2020 saw it climb up to 3.7.

Ten gram of 24-carat gold is selling at Rs 50,180 on Monday, down Rs 10 since the last trade as demand dips for the safe-haven bullion.

Gold of 22 carat is selling at Rs 45,990, down Rs 10 from Sunday according to the Goodreturns website. One kg of silver is selling at Rs 64,000, same as the last trade.

Digital networks integrator Sterlite Technologies expects about 20 per cent growth in business across key markets of the US, Europe and India in FY2023 amid global scale-up of networks and 5G build outs, its managing director Ankit Agarwal has said.

With a notable drop in COVID-19 cases and easing of curbs, the company is encouraging employees to 'return to office' and has seen positive responses across offices in both India and globally.

BSH Home Appliances, which manufactures and sells products under Bosch and Siemens brands, aspires to be a Rs 5,000 crore company in India by 2026 by increasing its market addressability with expansion of product line-up, a top company official said.

The company is growing at 25-30 per cent rate and would continue the momentum focusing on categories such as washing machines, refrigerators and built-in appliances, said MD and CEO Neeraj Bahl.

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