The Dalal-St Indices ended the week on a positive note
India's major stock indexes managed to make a small gain in Friday's volatile trade, ending a two-day loss streak. Shares failed to maintain the momentum they had gained recently amid fears that the market might have risen too quickly.
Samsung may lose PLI Sops in the first year due to billing issues
Samsung Electronics could be forced to give up its incentives for the first year of India's ambitious Production-Linked Incentive (PLI), which is a scheme to encourage smartphone production. This was due to 'disregards in billing', according to government officials.
Starlink, Amazon Red-flag Satellite Spectrum Auction
Elon Musk’s Starlink, and Jeff Bezos’ Amazon, have for the first directly entered the fight over the satellite spectrum allocation in India. They are backing the administrative route and going against the telecom market leaders Reliance Jio Infocomm, and Vodafone Idea, who want an auction.