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Spectrum Allocation Rules: India to Ease Century-Old Telecom Laws to Attract Investors

19Dec

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Technology

Spectrum Allocation Rules: India to Ease Century-Old Telecom Laws to Attract Investors

[ad_1] India aims to reform its century-old telecommunications law by introducing a new bill as Prime Minister Narendra Modi seeks to make the sector investor friendly. The government is exploring abolishing the concept of licensing with “authorization,” said a person familiar with the matter, who requested not to be identified as the bill is before lawmakers. This is expected to give the government flexibility to cope with advances made in technology.The proposed draft is also considering a major overhaul of spectrum allocation rules to allow resale, easy upgradability, surrender, sharing, leasing and trading, the person said. In addition, spectrum for satellite services will not be auctioned. The proposed bill excludes email, internet-based communication, broadcasting, machine-to-mac...

Elon Musk talks X advertising, birth rate at PM Giorgia Meloni political festival

[ad_1] Elon Musk claimed Saturday that advertisers were returning to X (formerly Twitter) after an exodus, at a Rome meeting where he also warned Italy's low birth rate could put off investors. The billionaire was a star guest at the Atreju political festival organised by Italian Prime Minister Giorgia Meloni's far-right Brothers of Italy party. Asked about advertisers who had abandoned his platform over concerns about extreme posts, Musk said: "I think X will be fine, and we are actually already seeing advertisers return to X." He added: "Brand advertisers are always worried about their brand.... But I think it's a short-term issue." Musk's comments were more upbeat than previously, when he said the advertising boycott could "kill the company". On Saturday, he said some of the organi...

Crypto Is ‘Effectively Nonexistent’ for Big Institutions, JPMorgan’s Gross Says

[ad_1] Money managers who have avoided the many ups and downs of cryptocurrencies may be feeling relieved for having done so, according to a senior investment strategist at JPMorgan Asset Management. Money managers who have avoided the many ups and downs of cryptocurrencies may be feeling relieved for having done so, according to a senior investment strategist at JPMorgan Asset Management. “As an asset class, crypto is effectively nonexistent for most large institutional investors,” Jared Gross, head of institutional portfolio strategy at the bank, said on this week's episode of Bloomberg's “What Goes Up” podcast. “The volatility is too high, the lack of an intrinsic return that you can point to makes it very challenging.” In the past, there used to be some hope that Bitcoin coul...