Industry

(Photo: iStock)
ARPU is the total revenue of the operator divided by the number of users or connections on its network. (Aniruddha Chowdhury/Mint)
The image caught the attention of the netizens. (REUTERS)
Jio's total subscriber base now stands at 34.82 crore
In India, 82% respondents said they prefer car ownership/lease while only 18% prefer ride hailing services (Mint file)
In India, 82% respondents said they prefer car ownership/lease while only 18% prefer ride hailing services (Mint file)

Millennials in India prefer to own/lease car over cab hailing apps: Report

  • A majority of millennials (75%) globally expect to purchase or lease a car within the next five years
  • Factors, including environmental concerns, city-dwelling and availability of public transportation and ride-hailing services, have not dampened millennial interest in car ownership

Discoms of Andhra Pradesh have been delaying payments for contracted renewables assets for around one year. Photo: Priyanka Parashar/Mint
Discoms of Andhra Pradesh have been delaying payments for contracted renewables assets for around one year. Photo: Priyanka Parashar/Mint

Andhra Pradesh, Telangana discoms payment delay may weaken credit outlook

  • According to Crisil, few renewable energy producers are managing the stress arising from payment delays
  • Crisil has analysed 10 companies which have won around half of the projects awarded in the past two years

A still from 'Laal Kaptaan'
SBI and BoB are looking to fill specialist roles such as IT and small business management. (MINT_PRINT)
Saif Ali Khan in a still from 'Laal Kaptaan' movie.
Nielsen analysts warned that demand could cool further in the December quarter. (Pradeep Gaur/Mint)
Nielsen analysts warned that demand could cool further in the December quarter. (Pradeep Gaur/Mint)

Consumption in rural India hits a 7-year low

  • Farm distress, stagnant incomes have eroded demand, shows Nielsen data
  • Consumption in rural areas grew at 5% in terms of value in the Sep quarter, while in urban India, the growth was 8%

The cut-over to the new regulations will be effective from midnight hours of November 11, 2019. (Mint)
The cut-over to the new regulations will be effective from midnight hours of November 11, 2019. (Mint)

Mobile users cannot submit port out requests between Nov 4-10

  • Under mobile number portability (MNP) subscribers can switch operators without changing their mobile numbers
  • Trai has also laid out the modalities for the switchover to the new regime, which will come into effect from November 11

CSB Bank, formerly The Catholic Syrian Bank, is looking to raise  ₹500 crore through the initial share sale.  (Photo: Alamy)
CSB Bank, formerly The Catholic Syrian Bank, is looking to raise 500 crore through the initial share sale. (Photo: Alamy)

CSB Bank may launch share sale next month

  • Investment banks Axis Capital and IIFL Securities are managing Kerala-based private sector lender’s IPO
  • Last year, Canadian billionaire Prem Watsa’s Fairfax India Holdings Corp. had acquired a 51% stake in CSB Bank for around $168 million

File Photo: Mint
This was a tit-for-tat move after its bitter rival Jio did the same (Aniruddha Chowdhury/Mint)
Telecom Regulatory Authority of India (Photo: Pradeep Gaur/Mint)
Govt plans to install 25 gigawatts of solar projects, combined with storage capacity, in the high-altitude region of Ladakh, power minister R.K. Singh said in August (Photo: Bloomberg)
Govt plans to install 25 gigawatts of solar projects, combined with storage capacity, in the high-altitude region of Ladakh, power minister R.K. Singh said in August (Photo: Bloomberg)

Govt to build 30 gigawatts of renewable plants along Gujarat, Rajasthan border

  • The projects, which will be spread across Gujarat, Rajasthan, are part of efforts to expand India’s renewable capacity and reduce the share of fossil fuels in its energy mix
  • PM Modi has pledged to cut the emissions intensity of India’s GDP by a third by 2030 from 2005 levels to fight climate change

The National Capital Region, the largest property market, will see tough times in the coming six months (Ramesh Pathania/Mint file)
A still from 'Downton Abbey'.
HDIL’s Rakesh Wadhawan was arrested on 3 October. (Mint)
The TOT model is part of the Centre’s efforts to monetize operating public infrastructure and build new assets under programmes such as Bharatmala (Mint file)