Moneycontrol Selects: Top stories this evening

India Sri Lanka cryptocurrency RBI

18.06.2022 - 17:45

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Here are the top stories this evening:

5G deployment to begin in August; roll-out to commence in a few cities by year-end

Telecom minister Ashwini Vaishnaw on Saturday said 5G deployment will commence in 20-25 cities and towns by the year-end, and indicated that India, with its current data prices significantly lower than global average, will continue to set rate benchmarks as new services are rolled out. The 5G deployment will start from August-September, Vaishnaw said.

Crypto carnage: Bitcoin breaks $19k, Ethereum below $1k

Amid a wider cryptocurrency market carnage on the weekend, the largest digital currency by market capitalisation Bitcoin (BTC) has broken the $19,000 levels, the first time since December 2020, while the second largest crypto Ethereum (ETH) has broken the psychological $1,000 mark.

Agnipath Row | 10% reservation for 'Agniveers' in Defence Ministry jobs approved: Rajnath Singh

Amid the ongoing protests against the Centre's new military recruitment drive 'Agnipath', Defence Minister Rajnath Singh on June 18 announced that 'Agniveers' will be granted a 10 percent reservation in Defence Ministry jobs following their retirement from the armed forces.

How Sapphire Foods is operating in Sri Lanka’s challenging environment

Even as Sri Lanka struggles with its worst financial crisis ever and faces acute shortage of several key products, including fuel, Sapphire Foods, a franchisee of Yum! Brands, which operates KFC and Pizza Hut stores in the country, is confident of revival.

RBI cancels Millath Co-operative Bank's licence

The Reserve Bank of India (RBI) on June 18 said it has cancelled the licence of Millath Co-operative Bank Ltd., Davangere, Karnataka citing inadequate capital.