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New Delhi, May 31 (IANS) The Adani Group saw an impressive 40 per cent EBITDA growth (year-on-year) in the

The Adani Group saw an impressive 40 per cent EBITDA growth (year-on-year) in the financial year 2023-2024 (FY24), after its market capitalisation was hit by a short-seller report in late FY23, a Jefferies report has shown.During FY24, the ...

Indias 5G subscriber base is expected to rise to 20-25% within a year, but significant tariff hikes remain uncertain, says Ind-Ra. While telcos are better positioned for tariff increases, global trends show no major premium for 5G over 4G. Ind-Ra maintains a neutral sector outlook, noting investment peaks and potential market share shifts towards Reliance Jio and Bharti Airtel.

The ratings firm added that the Indian telecom industry was at an inflection point in fiscal 2024 with their investments in 5G networks and spectrum renewal having peaked to almost $20 billion. Thereafter, telcos would keep their investments subdued while possibility of tariff increase remains uncertain.

This transfer, coupled with the subsequent government spending, will bolster the central government's fiscal position, enabling potential additional spending or fiscal consolidation.

Ind-Ra expects the annual capex run rate to be stepped up to Rs 24,000-30,000 crore over FY25-FY27 from about Rs 16,000 crore in FY24.

Megha City Gas Distribution (MCGDPL), a wholly-owned subsidiary, has decided to consolidate operations and reached out to state-run Indian Oil Corp, Hindustan Petroleum Corp, Bharat Petroleum Corp and Indraprastha Gas, among other players. It ventured into city gas distribution under the brand name Megha Gas in 2015 and continued to operate as MEIL till FY22.

India News: Southwest Monsoon onset over Kerala signals transition to rainy season, brings relief from summer heat. Crucial for Indian agriculture, especially kha

Get latest articles and stories on Business at LatestLY. The southwest monsoon, as predicted by the weather bureau, is likely to hit Kerala on May 31, a day before the normal date of June 1. Business News | Conditions Favour Monsoon Advance over Kerala in Next Five Days: IMD.

India Business News: NEW DELHI: Domestic biggies-- focused on the US-- are expected to sustain the trend of revenue improvement in FY25 on account of heightened drug short.