Jio Satellite Communications and OneWeb, backed by Bharti Enterprises, have received licenses from the government to provide broadband internet services to end-users using satellite, according to a report by the Financial Express (FE). Both companies now have pan-India Internet Service Provider (ISP) licenses, which are essential for delivering internet connectivity through satellite or mobile networks. The licences, along with clarity on satellite spectrum allotment, pave the way for the commercial rollout of satellite-based internet services.

AGS Transact Technologies Limited, an integrated omni-channel payment solutions provider, announced that it has won an order for 1,350 ATMs from the State Bank of India (SBI).

A press release stated that the company received the order under its banking automation solutions portfolio. The SBI will deploy these "AGS" branded ATMs on a pan-India basis during FY24.

Prime Minister Narendra Modi accused the Congress government in Rajasthan of sympathising with terrorists, alleging that terrorist organisations like the Popular Front of India (PFI) hold rallies without fear in the state while addressing a rally in Udaipur on Thursday.

"Today there is a Congress government here, that is why terrorist organisations like PFI hold rallies without any fear. The Congress government, a sympathiser of terrorists, will accept this by destroying Rajasthan," PM Modi said.

Lenders to Byju’s, once one of India’s hottest tech startups, properly cited a default on a $1.2 billion loan when taking over control of a unit of the education-technology provider, a Delaware judge concluded.

The lenders – which include Redwood Investments LLC and Silver Point Capital LP – were within their contractual rights to replace a relative of company founder Byju Raveendran on the board of Byju’s Alpha, a special-purpose company formed for financing purposes, with their nominee, Delaware Chancery Court Judge Morgan Zurn ruled.

Electric motorcycle company Revolt Motors on Thursday announced that it has received an order from Adani Green Energy Ltd (AGEL) to supply electric bikes for the renewable energy company's corporate fleet.

In a regulatory filing, the company said, "This marks a pivotal moment in the transition to sustainable transportation solutions and reinforces the commitment of both companies to a greener, cleaner future."

JSW Steel on Thursday announced that consolidated crude steel production for October stood at 2.32 million tonnes, growing by 12 per cent year-on-year (y-o-y).

Capacity utilisation at the level of Indian operations was recorded at 95 per cent for October. The company said in a press release that JSW Steel USA-Ohio volumes were positively impacted due to improved demand compared to last year.

Genpact has announced its president and chief executive officer (CEO) 'Tiger' Tyagarajan will retire from the professional services company on February 9 next year. Balkrishan 'B K' Kalra, the company’s global business leader for financial services and consumer and healthcare, will be the new CEO.

Kalra led business transformation, a focus area of Genpact, and he has more than 30 years of experience in helping companies grow from early stage to global enterprises.

In a bid to reduce the use of plastics in its deliveries, Amazon may soon introduce packaging through recyclable paper, Mint reported on Thursday. The company is already in talks with companies in India to manufacture recyclable paper packaging.

Pat Lindner, vice president of mechatronics and sustainable packaging at Amazon was quoted in the report as saying that India is an essential market for the e-commerce company and they are evaluating the innovation here. No timelines were, however, provided.

The US Develop–ment Finance Corporation (DFC) on Wednesday announced it would provide $553 million for Colombo West International Terminal Pvt Ltd (CWIT), in which Adani Ports and Special Economic Zone (APSEZ) is a majority stakeholder with 51 per cent. It is part-owned by Sri Lanka’s John Keells Holdings and the Sri Lanka Ports Authority.

Adani Group, which has seen significant turbulence in the past months after short-seller Hindenburg Research made allegations of corporate governance lapses, sees the development as a positive.

India is proposing reducing import taxes on some electric vehicles from the UK in an effort to clinch a free-trade deal between the two nations by the end of the year, according to two people familiar with the discussions.

New Delhi is considering a concessional tariff of 30% on 2,500 electric vehicles imported annually from the UK priced above $80,000, the people said, asking not to be identified as the talks are private.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.