Jio 5G plan gets another boost

Jio 5G plan gets another boost
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⭐ Jio 5G plan gets a boost
Reliance Jio, telecom subsidiary of ** Reliance Industries** which aims to build the largest 5G standalone network across India has entered into a multi-year deal with Finnish telecom equipment maker Nokia. As part of the contract, Nokia will supply equipment like high-capacity 5G antennas, which will help Jio deliver advanced 5G services.
⭐ Maharashtra SeamlessQ2 revenues rise
Pipes and tubes maker ** Maharashtra Seamless** has reported robust quarterly results. Its consolidated revenue rose by 46% YoY to ₹1,436 crore, while its net profit grew by 28.5% to ₹177 crore. The company’s board also recommended a 1:1 bonus issue for its shareholders.
⭐** Tata Coffee’sprofit jumps**
** Tata Coffee’s** consolidated revenue rose by over 30% year-on-year to ₹723 crore, while its net profit grew by 174% to ₹147 crore. Improved price realisation along with higher sales of plantation products aided the quarterly performance.
Global markets (at 7:30 AM today)
| Indices | Today's movement |
| --
  • | --
  • |
    | SGX Nifty | ▲ 0.77% |
    | Nikkei 225 (Japan) | ▲ 0.73% |
    | Hang Seng (Hong Kong) | ▲ 0.56% |
    | SSE Composite (China) | ▲ 0.05% |
    | Dow Jones (US) (October 17) | ▲ 1.86% |
    | NYSE (US) (October 17) | ▲ 2.01% |
    | Nasdaq (US) (October 17) | ▲ 3.43% |
    | S&P 500 (US) (October 17) | ▲ 2.65% |
Fact of the day
Toyota has launched India’s first flex fuel hybrid vehicle that runs on electricity and ethanol
Source: Business Standard