CONNECTION
Sensex expiry day hit by tech glitch on record high day, brokers blame BSE
Sensex hit 80,893, but a BSE glitch during weekly expiries caused F&O traders, including Anil Hudda from Jaipur, significant losses (Rs 15 lakh). Orders on Zerodha were 'open pending.' Groww cited connectivity issues, fixed by noon. Hudda shared his grievances on X. Demat accounts reached 16.2 crore, with BSE's F&O turnover rising 15% month-on-month amidst increasing market volumes.
Historic connection has benefitted Austria and India: PM Modi
PM Modi in Vienna highlighted India-Austria ties, global interest in India's peaceful efforts and public diplomacy. Emphasizing India as Vishwa Bandhu, he aims for top three economic status by 2047 with 8% growth. His vision includes building a strong foundation for 1000 years, resonating with the diaspora who chanted 'Vande Mataram' and 'Bharat Mata ki Jai'.
PM GatiShakti platform may adopt AI to boost India’s economic development
The Indian government, under PM Narendra Modi's leadership, is planning to integrate artificial intelligence (AI) into the PM GatiShakti platform to accelerate infrastructure development. Named PMGS 2.0, this AI-enhanced system aims to predict economic trends and assess infrastructure needs across different scenarios. Already central to over 170 projects worth Rs 13.5 lakh crores, PM GatiShakti uses digital technology to enhance connectivity and efficiency. With logistics as a key focus, the initiative aims to reduce costs and boost economic and social development through integrated planning and technology adoption.
LG drives in infotainment, smart solutions for your car
LG Electronics, diversifying into the automotive market, has 2,500 Bengaluru engineers aiding global developments. EV solutions are eyed in India through partnerships with Hyundai, Kia, Renault, Volkswagen. Introducing PlayWare, MetaWare, VisionWare ensures in-car entertainment, connectivity, safety, mimicking home comfort. This transformation to smart life solutions by 2030 aims to boost profits and revenues.
Amarnath Yatra pilgrims to have 5G connectivity en route: DoT
The Department of Telecommunications (DoT) announced that telecom infrastructure has been enhanced for this year's Amarnath Yatra, ensuring seamless mobile connectivity, including 5G coverage, along the pilgrimage route. In collaboration with Bharti Airtel, BSNL, and Reliance Jio, continuous coverage has been provided from Lakhanpur to Qazigund and from Qazigund to Pahalgam and Baltal, with 5G technology available in many areas.
Beyond Kotak, is there a China connection to the Hindenburg exposé on Adani?
Social media is rife with claims that the wife of Mark Elliot Kingdon, the man on whom the spotlight fell following Sebi's revelations, has had ties with the Chinese Communist Party and thus China could be another actor in the Hindenburg saga.
Regional airports found wind beneath their wings in FY24
India's hinterland air travel surged last year, driven by civil aviation ministry data and government schemes. Airports like Diu, Pantnagar, Tezpur, and Prayagraj saw significant growth, boosted by the Udan scheme and low fares. IndiGo and other airlines expanded services, with CFO Gaurav Negi highlighting the importance of regional routes for broader networks.
Faster nod for power connection to EV charging stations proposed
The Indian government has proposed new guidelines to reduce the approval time for electricity connections for electric vehicle (EV) charging stations. The approval time in metropolitan areas will be cut from seven days to three days, and in municipal areas from 15 days to seven days. In rural areas, the time will be reduced from 30 days to 15 days. The draft guidelines also call for an online single-window clearance system for faster processing of these connections.
Kazakhstan requests PM Modi's virtual presence at July 4 SCO Summit
Kazakhstan has invited Prime Minister Narendra Modi to participate virtually in the Shanghai Cooperation Organisation (SCO) Summit on July 4, despite his decision to skip the event due to the ongoing Parliament session in India and strained relations with China. External Affairs Minister S Jaishankar will represent India at the summit in Astana. The summit will focus on counterterrorism and Eurasian connectivity, with discussions on the International North-South Transport Corridor and Chabahar Port. Kazakhstan had hoped for Modi's attendance for both the summit and a bilateral meeting with President Kassym-Jomart Tokayev.
Indian Army constructs 70-feet Bailey Bridge in flood-hit Sikkim in less than 72 hours
As per PRO Defence, Guwahati, the construction work started on June 23 and was completed within 72 hours. "Supporting the efforts of BRO and local administration in restoring connectivity and getting normalcy back to areas cut off due to recent floods in Sikkim, Army engineers of Trishakti Corps constructed a 70 feet Bailey Bridge on road Dikchu - Sanklang, braving incessant rains & challenging technical constraints," PRO Defence, Guwahati.
PM GatiShakti: Eight infra projects worth ₹13,000 crore evaluated
During the meeting, all projects were evaluated for their integrated planning and conformity with the PM GatiShakti principles. Emphasis was placed on the socio-economic benefits, improved connectivity, reduced transit costs and enhanced efficiency. The railways project, from Manmad to Jalgaon, involved an estimated investment of Rs 2,594 crore. The other project (from Bhusawal to Burhanpur) involve investments of Rs 3,285 crore.
PM Gati Shakti scheme is transforming India's infrastructure: Morgan Stanley
In a recent report, Morgan Stanley has lauded India's PM Gati Shakti scheme, highlighting its significant impact on infrastructure development. The report emphasizes India's robust increase in infrastructure investment, projected to rise from 5.3% to 6.5% of GDP by F29, driven by a strong 15.3% CAGR. This growth is expected to total USD 1.45 trillion over five years, fostering high productive growth and enhancing investment rates. PM Gati Shakti integrates 16 ministries for coordinated infrastructure planning, focusing on multi-modal connectivity and logistics efficiency, which has shown tangible results in project completion and sectoral development.
India, Bangladesh decides to boost Himalayan-Bay of Bengal connectivity
Prime Ministers Narendra Modi and Sheikh Hasina announced plans to enhance regional connectivity at a summit on Saturday. The initiative aims to link the Himalayan states of Bhutan and Nepal with Bangladesh for improved business and investment opportunities in the Bay of Bengal region.
'Sweeping generalisation': BJP counters Elon Musk over EVM remark
The BJP on Sunday accused billionaire entrepreneur Elon Musk of making a "huge sweeping generalisation" by calling for eliminating EVMs, saying his views may apply to the US but not to India. In a recent post on X, Musk had said, "We should eliminate electronic voting machines. The risk of being hacked by humans or AI, while small, is still too high."
Feasibility study on proposal to establish land connectivity with India in final stages, says Sri Lankan President
Sri Lankan President Ranil Wickremesinghe announced that the feasibility study for a land connectivity proposal with India is nearing completion. This initiative, along with discussions on a potential power grid connection and the sale of excess renewable energy to India, will be on the agenda during External Affairs Minister S Jaishankar's upcoming visit to Sri Lanka on June 20.
Apple expands iPhone satellite connectivity with latest OS update, but itwon’t reach Indian iPhones yet
Apple has enhanced satellite connectivity on iPhones with iOS 18, enabling users to send and receive messages via satellite in areas with no cellular or Wi-Fi coverage. Initially limited to emergency services, this feature is now available for regular messaging in 16 countries, but is yet to be launched in India pending regulatory approvals. The update leverages existing satellite technology and allows users to seamlessly switch to satellite for messaging, ensuring connectivity even in remote areas without the need for a satellite terminal.
Market has no connection with political party, a crash is common: Sanjay Nirupam
Nirupam statement came after Congress leader Rahul Gandhi Gandhi alleged that Prime Minister Narendra Modi and Home Minister Amit Shah had given "investment advice" to people during the campaign for the Lok Sabha polls and there was a loss of lakhs of crores to retail investors also due to "fake exit polls".
Trai reviewing norms for inactive landline and mobile connections, seeks feedback
The telecom regulator is seeking input on defining inactive landline and mobile connections as part of a discussion paper for a revised national numbering plan. It also seeks industry suggestions on reusing numbering resources from inactive connections.
Villagers in Himachal's Chamba boycott Lok Sabha elections
Residents of Makhan, Chachul, and Juri villages in Churah subdivision of Himachal Pradesh's Chamba district boycott Lok Sabha elections demanding road connectivity and basic facilities like internet, road, and electricity.
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