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India’s key stock indices eked out gains in choppy trade on Friday, snapping a two-day losing run, as shares failed to maintain their recent momentum amid concerns that the market may have run up too soon.
Samsung Electronics may have to forgo its sops for the inaugural year of India’s ambitious production-linked incentive (PLI) scheme for smartphone manufacturing due to what government officials said were ‘discrepancies in invoicing’.
Elon Musk’s Starlink and Jeff Bezos-led Amazon have, for the first time, directly entered the battle over satellite spectrum allotment in India, backing the administrative route, going up against telecom market leader Reliance Jio Infocomm and Vodafone Idea which want an auction.
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