Here's why the 5G spectrum bid is a big opportunity for Adani, & more

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INDUSTRY   Here's why the 5G spectrum bid is a big opportunity for Adani   The decision of the Adani Group to participate in the race to acquire 5G spectrum has been a surprise to many. It throws open the possibility of entering cellular mobility, a market that is today controlled by three large players.

MAGAZINE   Can new MD & CEO R. Subramaniakumar turn around RBL Bank's fortunes?   A career public sector banker is now at the helm of affairs of troubled private sector lender RBL Bank. Here's a peek into the mind of the new MD & CEO R. Subramaniakumar and his strategy to turn around the bank.

ECONOMY   After inflation eases to 7.01% in June, economists retain forecast at 6.5% for FY23   Experts are of the opinion that slight easing on sequential basis can be attributed to the seasonality and the government's action, such as substantial excise cut on petrol and diesel, and easing of edible oil prices.

ECONOMY   Exports rise 23.52% to $40.13 bn in June; trade deficit at record $26.18 bn   Imports expanded by 57.55 per cent to $66.31 billion in June compared to the year-ago month, government data showed.

CORONAVIRUS   As demand for Covid-19 self-test kits falls in India, manufacturers look at global markets   Experts increasingly have said that the demand for Covid self-test kits is falling in India due a variety of reasons, its pricing structure being one of them.

MARKETS   Is there a silver lining to the falling equity market? Jaspreet Singh Arora weighs in   At a time when most of the stocks are down on a year-to-date (YTD) basis, Jaspreet Singh Arora, chief investment officer, Research & Ranking, sees a couple of factors which are in favour of Dalal Street. In an interaction with Business Today, Arora also shared his top themes, investment strategy and views on the available buying opportunities in the beaten-down market.

MARKETS   Sensex, Nifty end lower for fourth session; IT, banking shares top losers   Sensex settled 98 points lower at 53,416 and Nifty lost 28 points to 15,938. Of 30 Sensex stocks, 18 ended in the red.

TECHNOLOGY   L&T Infotech Q1 results: Net profit rises 28% to Rs 634 cr, revenue up 30%   Revenue from operations in the said quarter rose 30.5 per cent to Rs 4,522.8 crore from Rs 3,462.5 crore in the same quarter last fiscal.

INFRASTRUCTURE   Highway developers seek review of GST hike on construction   The 47th GST Council Meeting last month had decided to increase the rate of GST on works contracts for roads to 18%.

NEWS REEL   Tata Starbucks' growth rate zooms above pre-pandemic levels | Know Your Company   Starbucks aligns their aggressive growth plans as the company sees growth rates zoom ahead of pre-pandemic levels. Rolls out new menu, offerings and launches. They have launched new South Indian items in their menu that include filter coffee; a range of exciting milkshakes; masala chai and cardamom chai. A completely revamped food menu featuring bite-sized snacks, shareable food, and a range of freshly assembled sandwiches. Tata Starbucks also announced the launch of #ItStartsWithYourName, a multimedia, 360-degree campaign that has been crafted specifically for customers across the cities of Bengaluru, Gurgaon, Indore, and Bhopal to begin with. Watch Sushant Dash, CEO, TATA Starbucks in conversation with Aabha Bakaya, Senior Editor, Business Today TV to know more about the offerings.

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