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Airtel, Jio to gain as metaverse is set to boost data usage: Credit Suisse

Airtel, Jio to gain as metaverse is set to boost data usage: Credit Suisse

The transition of digital ecosystem to metaverse, where a person will feel immersed in a virtual world, will push data usage by 20 times across the globe by 2032 and telecom operators Bharti Airtel and Reliance Jio are suitably placed to benefit from the surge in India, a Credit Suisse report has said.

The report said metaverse has enormous potential to further expand screen time and drive more bandwidth consumption.

Sheena Bora case: SC notice to CBI, Maha govt on Indrani Mukerjea bail plea

Sheena Bora case: SC notice to CBI, Maha govt on Indrani Mukerjea bail plea

The Supreme Court Friday sought response from the CBI and the Maharashtra government on bail plea of Indrani Mukerjea who is the prime accused in the Sheena Bora murder case.

A bench of Justices L Nageswara Rao and P S Narasimha issued notice to the CBI and the state government Mukerjea's appeal challenging the Bombay High Court order of November 16, 2021, denying her bail.

India reports 25,920 new Covid-19 cases, 492 deaths in last 24 hours

India reports 25,920 new Covid-19 cases, 492 deaths in last 24 hours

India reported 25,920 new COVID-19 cases in the last 24 hours, 4,837 lesser cases than yesterday, with a daily positivity rate of 2.07 per cent, according to the Union Ministry of Health and Family Welfare on Friday.

With this, the active caseload in the country stands at 2,92,092.

Bird flu scare in Maharashtra, 100 chickens found dead in poultry farm

Bird flu scare in Maharashtra, 100 chickens found dead in poultry farm

As many as 100 chickens were found dead at a poultry farm in Vehloli village of Shahapur tehsil in Thane district, said Thane District Magistrate and Collector Rajesh J Narvekar on Friday.

Considering the bird flu threat, the samples have been sent to a lab in Pune.

TN govt amends existing law to protect LGBTQIA+ people from police abuse

TN govt amends existing law to protect LGBTQIA+ people from police abuse

In a major relief to the LGBTQIA+ community of Tamil Nadu, the state government has amended the existing law under the Tamil Nadu Subordinate Police Officers Conduct Rules to prevent any harassment of the community or persons working for the welfare of the community

The order from the state home department issued on Thursday read, No police officer shall indulge in any act of harassment of any person belonging to the LGBTQIA+ (Lesbian, Gay, Bi-Sexual, Transgender, Queer, Intersex, Asexual)+ community and those working for the welfare of the community.

Vyapam case: CBI files charge-sheet against 160 more accused

Vyapam case: CBI files charge-sheet against 160 more accused

The Central Bureau of Investigation (CBI) has filed a charge-sheet against 160 more accused, including the chairmen of three medical colleges in Madhya Pradesh, for allegedly rigging the 2013 Pre-Medical Test (PMT) in the multi-crore Vyapam examination and recruitment scam.

This took the number of accused who have been charge-sheeted in the case to 650 so far.

Stock of this building products company has zoomed 100% since December

Stock of this building products company has zoomed 100% since December

Shares of Everest Industries hit an all-time high of Rs 748.90, rallying 14 per cent on the National Stock Exchange (NSE) in Friday’s subdued market on the back of heavy volumes. At 10:16 am, the S&P BSE Sensex was down 0.09 per cent at 17,289 points. The trading volumes on the counter more-than-doubled with a combined 597,000 shares having changed hands on the NSE and BSE in first one hour of trade.

Since December 2021, the stock of the building products company has zoomed 100 per cent from a level of Rs 374.65 on November 30, 2021.

Intel-owned Tower Semiconductor's chip-making plan in India back on table

Intel-owned Tower Semiconductor's chip-making plan in India back on table

Israeli chipmaker Tower Semiconductor, which was recently acquired by Intel for $5.4 billion, is actively in discussions with the Indian government to set up a manufacturing facility in India, according to a source close to the developments.

In September last year, the company had threatened to pull the plug on its plan to set up a facility in India as it wrote a letter to the Centre complaining about lack of clarity on the government’s policy for chipmakers.

Gold trading at Rs 49,970 per 10 gm today; silver is at Rs 63,400/kg

Gold trading at Rs 49,970 per 10 gm today; silver is at Rs 63,400/kg

Ten gram of 24-carat gold is selling at Rs 49,970 on Friday, down by Rs 430 since the last trade.

Gold of 22 carat is selling at Rs 45,800, decreasing by Rs 400 from Thursday according to the Goodreturns website. One kg of silver is selling at Rs 63,400, increasing by Rs 400.

Nestle India Q4 profit dips 20% to Rs 386.66 cr, net sales up 8.9%

Nestle India Q4 profit dips 20% to Rs 386.66 cr, net sales up 8.9%

FMCG major Nestle India Ltd on Thursday reported a 20 per cent decline in its net profit at Rs 386.66 crore for the fourth quarter ended December 31, 2021.

The company, which follows a January-December financial year, had posted a profit of Rs 483.31 crore in the same period a year ago, Nestle India said in a regulatory filing.

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