After around 30 months, the telecom industry is witnessing a significant tariff increase. Market leader Reliance Jio took the first step on Thursday by announcing 12-25 per cent rise in tariff across the board for mobile plans, in both prepaid and postpaid segments. The move, which follows a tepid round of spectrum auction, is expected to shore up the telco’s monthly average revenue per user (Arpu), which had stagnated at Rs 181.7 for three quarters until March 2024. Over the years, India’s telecom Arpu has been among the lowest in the world.

The AAP alleged on Wednesday that when there was a possibility of Delhi Chief Minister Arvind Kejriwal getting bail from the Supreme Court in a money laundering case, the BJP panicked and got him arrested in a "fake case" by the CBI.

Earlier in the day, a Delhi court allowed the CBI to formally arrest Kejriwal in the Delhi excise policy case.

Lok Sabha Speaker Om Birla recognised Rahul Gandhi as the leader of opposition on Wednesday, a day after the Congress communicated its decision to name him for the position to the Lok Sabha Secretariat.

In a notification issued on Wednesday, the Lok Sabha Secretariat said Gandhi, leader of the Indian National Congress, had officially been recognised as the leader of opposition in the Lok Sabha with effect from June 9.

Telecom operators on Tuesday placed bids for spectrum worth Rs 11,000 crore on the first day of the 5G spectrum auction, sources at the Department of Communication (DoT) said. While auctions will continue on Wednesday, the activity level has reached 90 per cent, they added.

Five rounds of bidding saw operators focusing mostly on five of the eight bands on offer — 800 megahertz (MHz), 900 MHz, 1,800 MHz, 2,100 MHz, and 2,500 MHz — data released by the DoT showed.

The Adani group plans to invest up to Rs 1.3 trillion in 2024-25 (FY25) to expand its capacity across its portfolio companies and will raise up to $3 billion (Rs 25,000 crore) in equity this financial year to fund the projects.

Among its portfolio companies, Adani Green Energy will invest Rs 34,000 crore to expand its facilities in Gujarat’s Khavda, said Adani Group Chief Financial Officer Jugeshinder ‘Robbie’ Singh here on Tuesday.

Market regulator Securities and Exchange Board of India’s (Sebi’s) experiment with the same-day settlement cycle has found few takers during its soft launch phase, rolled out for just 25 stocks.

Since its introduction in March, the T+0 mechanism — an optional settlement cycle, parallel to the mainstream T+1 cycle where trades are settled on a next-day basis — has logged a turnover of just Rs 5.7 lakh on the NSE, with six of the 25 scrips not recording even a single trade. Of the total, over 80 per cent, or Rs 4.63 lakh, was registered on March 28, the launch day.

Haryana Chief Minister Nayab Singh Saini on Tuesday announced a new pension amount for the freedom fighters and their dependents and informed that from July 1, the freedom fighters will receive an increased pension of Rs 40,000.

Taking to his official X handle, the Haryana Chief Minister posted a video in which he said, "The freedom fighters, who sacrificed their life for the country and suffered so much, the pension of freedom fighters and their dependents will be increased from Rs 25,000 to Rs 40,000 with effect from July 1."

As the death toll in the hooch tragedy in Tamil Nadu's Kallakurichi district rose to 58 on Monday, 111 persons are undergoing treatment at Kallakurichi Government Medical College hospital, hospital authorities stated.

At Puducherry 11 persons, in Salem district 30 persons, and in Villupuram district 4 persons are undergoing treatment at various government hospitals.

Biju Janata Dal (BJD) president Naveen Patnaik on Monday asked his party’s nine Rajya Sabha (RS) members to emerge as a “vibrant and strong” opposition in the Upper House. The BJD, which supported the government during the 17th Lok Sabha on crucial issues, couldn't win any Lok Sabha seat in the 2024 general elections. At the meeting, Patnaik asked the lawmakers to raise issues concerning the state's interests.

Prabdev Singh, chief executive officer of JPMorgan Chase & Co.’s bank in India, has stepped down before the end of his term.

Pranav Chawda, head of commercial banking for India, will expand his current responsibilities to become the head of India Corporate Banking and can confirm that PD Singh is ​leaving the firm, a JPMorgan representative said by email in response to queries from Bloomberg News.

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