Business
Reliance Jio to roll out 5G services by Diwali: Mukesh Ambani

Mukesh Ambani, Chairman and Managing Director, Reliance Industries, on Monday announced that Reliance Jio will roll out standalone 5G services in select cities in the country by Diwali, which falls on October 24. To build pan-India true 5G network, Jio has committed a total investment of Rs 2 lakh crore.
To begin with, Jio announced the launch of 5G services in four metro cities — Delhi, Mumbai, Kolkata and Chennai.
These will be expanded to other cities and towns in phases rapidly to cover the entire country by December 2023.
At the ‘Reliance AGM 2022’, Mukesh Ambani said it will be ‘world’s largest’, ‘standalone’ Jio 5G services.
“Jio 5G services will connect everyone, every place and everything with the highest quality and affordability. We are committed to making India a data-powered economy even ahead of China and the US,” said Muksesh Ambani.
Jio 5G will be the world’s largest and most advanced 5G network. Unlike other operators, Jio’s 5G network will be stand alone with zero dependency on 4G network.
The three-fold advantage of standalone 5G architecture, largest and best mix of spectrum and Carrier Aggregation technology means that Jio 5G will be able to offer an unparalleled combination of coverage, capacity, quality and affordability.
With standalone 5G, Jio can deliver new and powerful services like low latency, massive machine-to-machine communication, 5G voice, Edge computing and network slicing, and metaverse.
Jio has indigenously developed an end-to-end 5G stack, which is fully cloud native, software defined, digitally managed with support for even advanced features like Quantum Security.
With 5G, Jio will launch billions of smart sensors with connected intelligence that will trigger Internet of Things (IoT) and fuel the Fourth Industrial Revolution. It will connect every-one, every-place and every-thing with the highest quality and most affordable data.
Akash Ambani, Chairman, Reliance Jio Infocomm, said that Jio true 5G will deliver breakthrough increases in broadband speed and drastically lowers latency.
The announcement is in line with the government which expects affordable 5G services to be rolled out in the country by October 12.
Union IT minister Ashwini Vaishnaw had said that installations are being done and telecom operations are busy with the seamless rollout of 5G services.
The government will ensure that the 5G plans remain affordable for the public.
Just like 3G and 4G, telcos will soon announce dedicated 5G tariff plans and according to industry experts, consumers may pay more to access the 5G services on their devices.
However, the tariff plans will come down as usage increases, and more people embrace 5G networks especially in Metros where the initial demand will come.
An immediate tariff war with the launch of 5G is unlikely, but it “will be competitive as India continues to be a price-conscious market”.
Business
FM Sitharaman to showcase India’s economic dynamism during US, Peru visit

New Delhi, April 19: Union Finance Minister Nirmala Sitharaman is set to embark on an official visit to the US and Peru, beginning April 20, where she is slated to participate in multilateral dialogues to showcase India’s economic dynamism, as the country prepares a bilateral trade agreement (BTA) with the US, it was announced on Saturday.
During her visit to the US, the Finance Minister will visit San Francisco and Washington, DC, from April 20-25, according to a Ministry of Finance statement.
In San Francisco, FM Sitharaman would deliver a keynote address at the Hoover Institution at Stanford University, titled ‘Laying the foundations of Viksit Bharat 2047,’ followed by a fireside chat session.
The Finance Minister will also interact with top CEOs from prominent fund management firms during a roundtable meeting with investors, besides holding bilateral meetings with CEOs from top information technology (IT) firms based in San Francisco.
She will also participate in an event featuring the Indian diaspora in San Francisco and interact with the Indian community settled there, said the ministry.
In Washington, DC, FM Sitharaman will participate in the Spring Meetings of the International Monetary Fund (IMF) and the World Bank, the 2nd G20 Finance Ministers and Central Bank Governors (FMCBG) Meetings, the Development Committee Plenary, IMFC Plenary, and Global Sovereign Debt Roundtable (GSDR) meeting.
On the sidelines of the Spring Meetings, she will hold bilateral meetings with her counterparts from several countries, including Argentina, Bahrain, Germany, France, Luxembourg, Saudi Arabia, United Kingdom, and the US; besides meeting EU Commissioner for Financial Services; President, Asian Development Bank (ADB); President, Asian Infrastructure Investment Bank (AIIB); United Nations Secretary-General’s Special Advocate for Financial Health (UNSGSA); and First Deputy Managing Director of the International Monetary Fund (IMF).
During her maiden visit to Peru from April 26-30, the Finance Minister will lead an Indian delegation of officials from the Ministry of Finance and business leaders, highlighting the strengthening bilateral economic and trade relations between the two nations.
Beginning her visit in Lima, she is expected to call on the President of Peru, Dina Boluarte, and Prime Minister Gustavo Adrianzen, besides holding bilateral meetings with the Peruvian Ministers of Finance and Economy, Defence, Energy and Mines, and also holding interaction with local public representatives.
The Finance Minister will chair the India-Peru Business Forum meeting with prominent business representatives in attendance from both India and Peru.
FM Sitharaman will also hold an interaction with the Indian investors and businesses currently operating in Peru, as well as the Indian business delegation visiting Peru. The Finance Minister will also participate in a community event in Lima, where she will interact with the Indian diaspora living in Peru, according to the ministry statement.
Business
Foreign investors infuse Rs 8,500 crore into Indian equities this week

Mumbai, April 19: Foreign investors have once again turned their attention to Indian equities, pumping in around Rs 8,500 crore during the week, as per the latest National Securities Depository Limited (NSDL) data.
The inflows came in during just three trading sessions — Tuesday, Wednesday, and Thursday — as stock markets remained closed on Monday and Friday due to public holidays.
This marks a positive turnaround after months of consistent selling by foreign institutional investors (FIIs) in the equity segment. Their return helped the markets end the week on a strong note.
Both the Indian equity indices wrapped up the week on a strong recovery by surging over 4.5 per cent — driven by positive signals from both domestic and global factors.
The rally was primarily fuelled by optimism surrounding the deferral of tariffs and recent exemptions on select products, raising hopes for potential negotiations that could mitigate the impact on global trade.
A key reason behind this fresh wave of investment is the weakening of the US dollar. As the dollar slips and currencies like the Indian rupee gain strength, global investors find it more attractive to move funds from the US to emerging markets like India.
While these inflows bring temporary relief to the markets, analysts say the coming weeks will be crucial.
“Investors will be watching closely to see whether this positive trend continues or if global factors once again influence foreign investment in Indian stocks,” experts noted.
As per market experts, in the coming week, market participants will closely watch the quarterly earnings of major companies like Infosys, HDFC Bank, and ICICI Bank.
Other key players, including HCL Technologies, Axis Bank, Hindustan Unilever and Maruti Suzuki India are also set to release their financial results.
Meanwhile, the expiry of the April derivatives series could add to market volatility. On the global front, any developments related to tariffs and their potential impact on international markets will also be closely tracked, the experts mentioned.
Exclusive
Calcutta HC allows NGO to distribute relief material in communal violence-hit Murshidabad

Kolkata, April 17: A single-judge bench of the Calcutta High Court, on Thursday, permitted a non-government organisation (NGO) to visit the communal violence-hit Murshidabad and distribute relief material among the affected people.
While granting permission to the NGO christened ‘Khola Hawa (Open Air)’, which was earlier denied permission by the district administration, the single-judge bench of Justice Amrita Sinha observed that there was no rule that organisations other than government bodies would not have permission to distribute relief materials at any place.
She also observed that the existing law and order problem could not be an excuse for denying permission, since the Central Armed Police Forces (CAPF) were already posted in Murshidabad.
The NGO approached the bench of Justice Sinha after the Murshidabad district magistrate denied permission for its members to visit the troubled spots in the district to distribute relief there. Parts of Murshidabad district in West Bengal have been on the boil last week after protests over the Waqf (Amendment) Act turned violent.
In the petition, the NGO alleged that while the district administration was allowing different political parties to reach the troubled spots with relief materials, the permission to the organisation was deliberately denied.
The matter came up for hearing on Thursday afternoon. The counsel for the NGO argued that there was no reason for the district magistrate to deny the permission since the state Director General of Police had already claimed that the situation at Murshidabad was currently more or less normal. “The NGO members want to go there to distribute relief items like tarpaulin, food, and medicines to those affected,” the counsel of Khola Hawa argued.
Although the state government opposed the arguments, Justice Sinha finally accepted the argument of the counsel of Khola Hawa and permitted the NGO to visit the troubled spots and distribute relief items there.
However, she maintained that only three members of a relief team should visit any troubled spot at a time for the time being. At the same time, these three team members would have to inform the district magistrate at least 24 hours in advance about their visit. The visiting team members, as per the court order, should also not make any provocative statements during the process of relief distribution that might trigger tension in the area again.
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