Day: May 14, 2020

Intelsat Files for Chapter 11 Before 5G Spectrum Sales

(Bloomberg) — Intelsat SA, the satellite company weighed down by $14 billion of debt, filed for bankruptcy protection as part of efforts to raise cash needed to prepare its spectrum for a U.S. government auction.

With its Chapter 11 filing in Virginia, the Luxembourg-based company said it lined up $1 billion in financing to fund operations during bankruptcy proceedings and make investments required ahead of the auction.

Under rules set by the Federal Communications Commission, Intelsat may collect $4.86 billion for quickly giving up the so-called C-band spectrum so the airwaves can be used by mobile phone companies to provide

FM Nirmala Sitharaman Announcements on Rs 20 Lakh Crore

FM Nirmala Sitharaman HIGHLIGHTS on 20 Lakh Crore Economic Package: In her Wednesday’s press conference, FM Sitharaman announced measures to boost liquidity for MSMEs via easier loans.

FM Nirmala Sitharaman Press Conference LIVE updates: After Finance Minister Nirmala Sitharaman announced major developments for MSME sectors such as collateral-free loans, more measures to give a further push to the economy are expected today at 4 PM. Reforms are especially expected in the agriculture sector which employs nearly 60% of the country’s population. In her Wednesday’s press conference, FM Sitharaman announced measures to boost liquidity for MSMEs via easier loans, credit guarantees

Amazon app quiz answers today (May 14): You can win Rs 20,000; Check eligibility, answers here

The quiz is being held by the e-commerce giant everyday.

Amazon app quiz: E-commerce giant Amazon is organising quizzes on its app every day between 8 am and 12 noon, with different prizes every day. The quiz, a part of the Amazon Fun Zone, can only be played on the Amazon app and anyone who wishes to participate needs to sign up or sign into the app during the time of the contest. The quiz includes five questions, and in order to be eligible for the prize, the participant needs to answer all the questions correctly.

Amazon quiz: Who is