The Telecom Regulatory Authority of India (TRAI) on Wednesday released a consultation paper on the assignment of the microwave spectrum in 6 GHz (lower), 7 GHz, 13 GHz, 15 GHz, 18 GHz, 21 GHz Bands, E-Band and V-Band.

TRAI has now invited written comments from stakeholders on the consultation paper, which has been placed on the regulator’s website (www.trai.gov.in), by June 25 and counter-comments by July 9.

The consultation paper has been issued in response to the request from the Department of Telecommunications (DoT) to provide recommendations under the TRAI Act, 1997, on issues such as the demand assessment and scope of service/ usage for spectrum in these bands, and the methodology of assignment of spectrum and associated terms and conditions, in line with the determination of scope of services/ usages by TRAI, i.e., "Access" or "Backhaul" or "Integrated Access & Backhaul," the official statement said.

Chief of Army Staff (COAS) General Upendra Dwivedi witnessed high-tech demonstrations of indigenous Unmanned Aerial Systems (UAS), Counter-UAS technology, and Loitering Munitions at the Babina Field Firing Ranges in Uttar Pradesh, the Indian Army said on Wednesday.

In a post on X, the Army stated, "General Upendra Dwivedi, COAS, witnessed cutting-edge demonstrations of indigenous UAS, Counter-UAS and Loitering Munitions on 27 May 2025 at Babina Field Firing Ranges."

"These capabilities will significantly enhance operational efficiency, force protection and precision engagement across varied terrains," the statement further read.

The demonstrations are part of a broader effort to boost India's defence preparedness through advanced homegrown technology.

India’s data centre (DC) market capacity across top seven cities is expected to cross 4,500 MW by 2030, attracting investments to the tune of $20-25 billion the next 5-6 years, a report showed on Wednesday.

This is likely to translate into real estate footprint of around 55 million square feet in the next 5-6 years, according to the report by Colliers.

DC capacity has grown over 4 times times in the last 6-7 years and stands at 1,263 MW (as of April). This growth is driven by the surge in demand for digital and cloud services, increasing adoption of artificial intelligence (AI) and Internet of Things (IoT), and higher internet penetration, supported by favourable government policies.

At the city level, Mumbai continued to account for majority of the DC capacity with 41 per cent share, followed by Chennai and Delhi-NCR at 23 per cent and 14 per cent, respectively.

This rapid expansion in capacity has resulted in over 3X times increase in real estate footprint over the last 6-7 years, across top seven DC markets of the country, taking it to 16 million square feet, the report mentioned.

The domestic benchmark indices opened marginally lower on Wednesday amid mixed global cues as selling was seen in the FMCG and auto sectors in the early trade.

At around 9.26 am, Sensex was trading 92.61 points or 0.11 per cent down at 81,459.02 while the Nifty declined 16.75 point or 0.07 per cent at 24,809.45.

Nifty Bank was up 78.15 points or 0.14 per cent at 55,430.95. The Nifty Midcap 100 index was trading at 57,326.05 after rising 171.55 points or 0.30 per cent. Nifty Smallcap 100 index was at 17,839.40 after climbing 114.25 points or 0.64 per cent.

According to analysts, Nifty ended lower yesterday in a rather volatile trading session. Technically, 24,462 remains a critical swing low. If it holds - and this is the preferred view - the market will target first resistance at 25,116 and then 25,390.

India's FDI inflows increased to $81.04 billion in FY 2024-25, marking a 14 per cent increase from $71.28 billion in FY 2023–24, according to a statement issued by the Ministry of Commerce and Industry on Tuesday.

There has been a steady rise in the annual flow of FDI into the country over the last 11 years, from $36.05 billion in FY 2013-14, due to the investor-friendly policy, under which most sectors are open for 100 per cent FDI through the automatic route, the statement said.

The services sector emerged as the top recipient of FDI equity in FY 2024–25, attracting 19 per cent of total inflows, followed by computer software and hardware (16 per cent), and trading (8 per cent). FDI into the services sector rose by 40.77 per cent to $9.35 billion from $6.64 billion in the previous year.

The Income Tax Department on Tuesday extended the due date to file income tax returns for FY 2024-25 (AY 2025-26) from July 31 to September 15.

The Central Board of Direct Taxes (CBDT) has decided to extend the due date for filing returns "in view of the extensive changes introduced in the notified ITRs and considering the time required for system readiness and rollout of Income Tax Return (ITR) utilities for Assessment Year (AY) 2025-26", according to an official statement.

This extension is expected to mitigate the concerns raised by stakeholders and provide adequate time for compliance, thereby ensuring the integrity and accuracy of the return filing process, the statement said.

The Border Security Force (BSF), which played a critical role in 'Operation Sindoor' alongside the Indian armed forces, has released new visuals of the military action undertaken on May 7 against nine high-value terror targets in Pakistan and Pakistan-occupied-Kashmir (PoK).

The offensive was launched in direct response to the brutal April 22 terror attack in Pahalgam, where four heavily armed terrorists from The Resistance Front (TRF), a Lashkar-e-Taiba (LeT) affiliate, killed 26 innocent and unarmed people, mostly tourists from India.

The Indian armed forces, through multiple Press briefings, have kept the public informed about 'Operation Sindoor'.

In continuation of this, the BSF released a 5-minute, 21-second video capturing intense action by Indian forces on several terror infrastructure facilities across the border.

The Indian stock market closed in the red on Tuesday due to profit booking, driven by valuation concerns and weakness across the Asian markets.

At the end of trading, Sensex was down 624.82 points or 0.76 per cent at 81,551.63 and Nifty was down 174.95 points or 0.70 per cent at 24,826.20.

The decline was led by FMCG, IT, auto and metal sectors. Nifty Auto index closed down 0.70 per cent, Nifty IT index 0.75 per cent, Nifty Financial Service index 0.64 per cent and Nifty FMCG index 0.88 per cent.

Unlike largecap, buying was seen in smallcap and midcap indexes. The Nifty Midcap 100 index rose 87.25 points, or 0.15 per cent, to close at 57,154.50, and the Nifty Smallcap 100 index rose 17.35 points, or 0.10 per cent, to close at 17,725.15.

The Federation of Indian Export Organisations (FIEO) on Tuesday said the country is projected to reach the export figure of $1 trillion by the end of this fiscal (FY26).

This will constitute merchandise exports at $525-535 billion -- a growth of about 12 per cent from last fiscal -- and services exports at $465-475 billion, a growth of nearly 20 per cent.

India's export sector achieved a significant milestone in the fiscal year 2024–25, with total exports reaching a record $824.9 billion, marking a 6.01 per cent increase from the previous year's $778.1 billion.

Services exports surged 13.6 per cent to $387.5 billion in FY25, driven by strong performances in IT, business, financial and travel-related services.

Finance Minister Nirmala Sitharaman will meet representatives of the Confederation of Indian Industry on Tuesday evening to discuss the roll out of reforms in the Goods and Services Tax (GST) regime, according to sources.

The Finance Ministry will seek inputs and representations from industry leaders on the proposed rate rationalisation, the future of the compensation cess, and broad structural reforms as part of the GST 2.0 reforms.

The meeting will be attended by the Secretaries of the Ministry of Finance, and officials from the Ministry of Corporate Affairs, sources said.