07 April 2021
Reliance Jio Infocomm Ltd (RJIL) on Tuesday said it has entered into a definitive agreement with Bharti Airtel Limited for acquisition of right to use spectrum in the 800 MHz band in Andhra Pradesh, Delhi and Mumbai circles through spectrum trading.
Jio signed an agreement with Airtel to aacquire some of the latter’s spectrum in the 800 MHz band in the three telecom circles, totally valued at Rs1,497 crore.
As part of the agreement, Airtel would receive Rs1,038 crore from Jio for the proposed transfer. In addition, Jio will also assume the future liabilities of Rs459 crore relating to the spectrum.
Industry > Industry monitor > Healthcare
PM reviews situation as country sees record on-day spike of 1.03 lakh Covid-19 cases
05 April 2021
Prime Minister Narendra Modi on Monday held a high-level meeting to review the Covid-19 pandemic situation and vaccination programme in the country, as the number of new coronavirus cases reported in the past 24 hours rose to 1,03,558.
This is the biggest one-day spike in Covid-10 cases in the country ever since the pandemic began.
This takes the tally of reported coronavirus cases in the country to 1,25,89,067. The death toll has increased by 478 to 1,65,101.
As per union health ministry data, there are currently 7,41,830 active cases across the country, while 1,16,82,136 patients have been discharged so far, with 52,847 discharges reported in the last 24 hours.
Economy > Government
01 April 2021
The government will auction Rs7,24,000 crore ($99 billion) of bonds in the six months to September, or about 60 per cent of the full-year target for fiscal 2021-22, economic affairs secretary Tarun Bajaj said.
That compares with 60 per cent to 65 per cent of total bonds the government usually issues for the period.
While the announcement of the fiscal first-half borrowing plan is largely in line with expectations, the bond market, which is facing near-record debt sales, will have to contend with a large supply of bonds in the fiscal year starting April, which makes the paper more unappealing. With unprecedented debt supplies during the pandemic over the past fiscal, sovereign bonds are facing the worst times in almost three years.
Finance > Financial services
Carlyle in talks to acquire Occidental s Ghana oilfields: report
05 April 2021
Boru Energy, an acquisition vehicle set up by private equity giant Carlyle Group in association with with Aidan Heavey and Tom Hickey, is reported to be in discussions with Occidental Petroleum to acquire its oil and gas assets in Ghana for over $500 million.
The acquisition of Occidental’s stakes in the offshore Jubilee and Tweneboa Enyenra Ntomme (TEN) fields, is the first investment by Boru Energy since its launch in October 2019.
Occidental holds 24 per cent stake in Jubilee and a 17 per cent interest in TEN fields, which are both operated by London-listed Tullow Oil. Occidental had previously said it was seeking to sell its Ghanaian assets.
Liquid Avatar Technologies Inc.: Oasis Digital Studios and Apex Comics Group partner with Comic-Book Industry Legends for New Multimedia Experiences and NFTs
TORONTO, ON and VANCOUVER, BC and ERIE, PA / ACCESSWIRE / April 12, 2021 / Liquid Avatar Technologies Inc. (
CSE:LQID)(OTC PINK:TRWRF)(FRA:4T51) ( Liquid Avatar Technologies or the
Company ,), a global blockchain, digital-identity and fintech solutions company, together with ImagineAR Inc. (
IP) (IPNFF), an Augmented Reality platform company, are excited to announce that Oasis Digital Studios ( Oasis ) has partnered with Apex Comics Group to publish
Mr. Right, a new multimedia project by legendary Marvel Entertainment and pop culture veterans Tom DeFalco, Ron Frenz, and Sal Buscema.