DoT may not include 600 MHz band in its next spectrum sale
The DoT plans to conduct the next spectrum sale in March as permits of Bharti Airtel and Vodafone Idea (Vi) expire in 2024 in some circles such as West Bengal, Assam, Bihar and Odisha. The auction is unlikely to see heavy bidding as 5G spectrum needs have been met for the time being. Key Points
Economic TimesDaimler Truck premieres new eActros 600 in step towards all-electric shift
Mercedes-Benz Trucks, the European division of commercial vehicle maker Daimler Truck (DTGGe.DE), premiered its battery-electric long-haul truck eActros 600 on Tuesday, with series production planned for the end of 2024. Key Points
ReutersSensex crash today: Why is Indian stock market down? 4 major reasons that wiped off 3.71 lakh crore
Sensex crash today: Sensex shed over 600 points to reach below 72,200 level. Nifty gave up 21,900 mark. What is happening? Key Points
Hindustan TimesFormer Chinese premier Li Keqiang dies of heart attack: State media
Li Keqiang was once viewed as a top Communist Party leadership contender, but became increasingly sidelined by Xi in recent years. He memorably said in 2020 that over 600 million people in China earned less than the equivalent of $140 per month, sparking a wider debate on poverty and income inequality. Key Points
Economic TimesBears Growl! Sensex tanks 600 points, gives up 64,000; Nifty tests 19,100
Among Sensex stocks, NTPC was the worst performer, followed by Infosys, Bharti Airtel and ITC. On the other hand, Tata Steel, Nestle India, SBI and Asian Paints were the only gainers. All sectoral indices traded in the green, with Nifty Metal craking the most, down over 2%. Realty index also tanked over 1.5% in the afternoon session. Key Points
Economic Times
SBFC Finance IPO opens for subscription. Should you bid?
Considering the subdued ROE profile of the company as well as high post-issue adequacy of 50%, return ratios are expected to remain under pressure in coming years. We have a cautious view on the issue, said Incred Equities. Key Points
Economic TimesGovt plans to set up helipads, drone landing facilities along national highways: Nitin Gadkari
According to an official release, the Minister for Road Transport and Highways said that NHAI is developing world-class 'Wayside Amenities (WSA) at more than 600 locations along the National Highways. Apart from basic facilities like good toilets, parking and restaurants; these wayside amenities will also have dormitories for truck drivers, facilities for charging electric vehicles, and trauma centres, among others, he said. Key Points
Economic TimesDespite near record supply, states' borrowing cost dips marginally
Aditi Nayar, the chief economist and head of research at Icra Ratings, said the drawdown is a sharp 24 per cent more than indicated in the quarterly borrowing calendar. Additionally, the drawdown is more than double the year-ago level. Key Points
Economic Times