Turkey hoping to hold 5G tender in August, minister says
By Can Sezer
ISTANBUL: Turkey's transport and infrastructure minister said the country was hoping to hold a tender for
5G network services
in August, adding that the mobile communication service was expected to start next year.
"I think we will hold this tender in August if there are no issues," Minister
Abdulkadir Uraloglu
told reporters in Istanbul during a briefing.
"Instead of covering the entire country in the first stage, I think we will cover the densely populated provinces (first) and roll out this process gradually within the framework of the programme, this was the case in 4.
5G
as well," he added.
Asked about the impact on aviation of the Iran-Israel conflict, Uraloglu said
Turkish airline companies
had seven civilian aircraft stranded in Iran currently and four others in Iraq due to the closure of airspace in the region.
"We are following this up through our foreign ministry and MIT (intelligence agency). Given that air traffic is very intense in this region, neither us nor the relevant countries could take that risk," Uraloglu said.
"At the first opportunity we will bring them back," he added, referring to the planes, which he said belonged to Turkish Airlines, its subsidiary AJet, Pegasus Airlines and Tailwind Airlines.
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Scroll.in
an hour ago
- Scroll.in
What Iranians in India think about the war and Tehran
For several nights this month, Nader Mohandesi stayed up till 2 am in his Bengaluru home watching television news about the war between Israel and his country, Iran. The 60-year-old surgeon was worried about his mother, who lives in the Iranian city of Shiraz. Throughout the war, Mohandesi used to send a WhatsApp message on his family group chat every morning and wait for it to get delivered. 'We could not talk everyday because the internet connection in Iran was very weak,' he said. 'It was really stressful.' Things were worse in Tehran, Iran's capital. An Iranian artist who lives in Delhi told Scroll that his parents and younger sister had to flee the city on the fifth day of the fighting. 'They locked up our house and went to my grandparents' home in the North-West of Iran,' said the artist who requested anonymity citing privacy concerns. Anxious and unable to sleep, the 38-year-old even considered flying to Turkey or Armenia and making his way to them by land. But his family dissuaded him. 'You go through more stress if you live outside,' he explained. The Israel-Iran ceasefire, announced on Tuesday by United States President Donald Trump, brought relief to Mohandesi and the artist. But the two differed vastly on what had led their country to the brink. Their differences shed light on the schism in Iranian society. 'Is this karma?' asked Mohandesi as he walked to his clinic in Bengaluru on Monday. He was referring to the air strikes carried out by the US on three of Iran's nuclear sites the previous day. Though the US has justified its attack by alleging that Iran was on the verge of producing nuclear weapons, the International Atomic Energy Agency has found nothing to support this claim. The surgeon, however, was clear that Iran's nuclear programme and the ideology supposedly underpinning it was to blame for its current predicament. 'For 45 years, they have been saying down with this country or that,' he added. 'What else did they expect?' Soon after the Islamic Revolution of 1979, Iran locked horns with the US, which had allowed Mohammad Reza Pahlavi, the deposed Shah, to visit America for medical treatment. While the monarch did not live for very long, the feud between the two countries has lasted ever since. Mohandesi argued that the bitterness between Iran and the US had done no good to his homeland. He came to India in 1985 to study medicine and stayed on after falling in love with a college junior – a woman from Guwahati. The couple decided to build their lives together in Bengaluru. Living in the Silicon Valley of India gave Mohandesi a ringside view of India's unfolding growth story even as Western sanctions were impeding the economic trajectory of his own country. Now, he wanted Tehran to hold a referendum on continuing its nuclear programme. 'Our Constitution says that in difficult situations you must go to the people,' he reasoned. The artist, on the other hand, dismissed all talk about nuclear weapons as eyewash. The US, in his view, was making a 'power play' in West Asia by attacking Iran. 'The world is an unfair place,' he said. He first came to India over two decades ago with his parents, who had found work here. While they returned to Iran a few years later, he chose to stay because he was in the middle of college. Over time, he found himself drawn to the world of Indian arts, which he likened to the environment he grew up in back home in Iran. 'If Iran is my father, India is my mother,' he joked. He made it clear, though, that the nostalgia had not made him a regime apologist. He was critical of its economic policies, particularly the state of the Iranian Rial, its currency. Still, he appreciated the advances that his country had made in areas such as 'defence and medicine' since the revolution. 'Things don't happen overnight,' he contended. 'Sometimes, it takes one or two generations.' In recent years, Iran has been rocked by women-led protests, most notably against compulsory veiling. In December, the country was considering the promulgation of a law which proposed death penalty for women refusing to veil themselves. But the artist held the protests as proof of democracy deepening in the country. The one thing that the artist as well as the surgeon agreed on was the need for political reform in Iran. Both hoped that the recently concluded war would be a 'wake-up call' for the regime. 'I hope the regime sees that most people backed the country,' the artist said. Mohandesi was less optimistic. He remembered having voted for the reformists in the elections of 1997 and 2001 only to be eventually disappointed by them. 'I thought something would happen,' he recalled. 'But the system is very rigid. It just does not give in.' Here is a summary of the week's other top stories. India's stance at the SCO. India did not sign a joint statement at the Shanghai Cooperation Organisation Defence Ministers' meeting as the document did not reflect New Delhi's position against terror. The Ministry of External Affairs said that New Delhi 'wanted concerns and terrorism reflected in the document, which was not acceptable to one particular country'. The statement reportedly did not contain references to the Pahalgam terror attack on April 22 that killed 26 persons. At the organisation's meeting in China, Defence Minister Rajnath Singh said that New Delhi had launched Operation Sindoor in response to the Pahalgam attack. India exercised its right to defend against terrorism and pre-empt as well as deter further cross-border attacks, said the minister. Free and fair polls. Alleging that 'vote theft' took place during the Maharashtra Assembly elections in November, Congress leader Rahul Gandhi demanded the immediate release of machine-readable digital voter rolls and security camera footage. The leader of Opposition in Lok Sabha made the statements after Newslaundry reported that Maharashtra Chief Minister Devendra Fadnavis' constituency saw an 8% increase in voters between the Lok Sabha elections, held in May and June 2024, and the Assembly polls in November. Gandhi has frequently demanded access to voter lists, polling data and election footage, alleging irregularities. His statements on Tuesday came days after the Election Commission wrote to him saying all polls are held strictly as per laws passed by Parliament. Former CM booked. The police in Andhra Pradesh's Guntur district filed a first information report against former Chief Minister YS Jagan Mohan Reddy and several of his aides over the death of a 65-year-old man during a YSR Congress Party rally on June 18. Guntur District Superintendent of Police S Satish Kumar said the man Cheeli Singaiah died after being run over by a vehicle in which Jagan Mohan Reddy was travelling during the rally. Besides Jagan Mohan Reddy, the FIR names his driver Ramana Reddy, personal assistant Nageswar Reddy, MP YV Subba Reddy and former ministers Perni Nani and Vidadala Rajini. All of them were reportedly in the vehicle that ran over Singaiah. interim protection from arrest till July 1. Also on Scroll this week Follow the Scroll channel on WhatsApp for a curated selection of the news that matters throughout the day, and a round-up of major developments in India and around the world every evening. What you won't get: spam.
Mint
an hour ago
- Mint
Stocks to buy or sell: Dharmesh Shah of ICICI Sec suggests buying PFC, Nalco shares tomorrow- 30 June 2025
Stock market news: Indian stock indices remained positive for the fourth consecutive session on Friday, bolstered by encouraging global signals, relative calm in the Israel-Iran conflict, and a potential extension of the tariff deadline originally set for July 9 by the US government. A spokesperson from the White House suggested on Thursday that the deadline for reciprocal tariffs might be postponed, although he noted that it would ultimately be up to President Donald Trump to make that decision. President Trump, for his part, indicated that a "great deal" was forthcoming with India, which has heightened investor optimism. Currently, India's negotiation team is in the US working on a trade agreement. Strong domestic fundamentals in India, a proactive Reserve Bank of India (RBI), and favorable monsoon conditions are all contributing to the support of the financial markets. With US markets reaching record highs and the US dollar declining, emerging markets, including India, are poised to gain. On Friday, the Sensex closed at 84,058 points, rising by 303 points, while the Nifty 50 finished at 25,637 points, climbing up by 89 points. Dharmesh Shah, Vice President at ICICI Securities, said Nifty 50 looks poised for a breakout from six weeks consolidation (25,200-24,500) supported by across sector participation. Shah has recommended two stock to buy for short-term. Here's what he expects from Indian stock market next week, along with his stock recommendation. Nifty 50 reclaimed 25,500 mark after eight months, as easing of geopolitical worries bolstered market sentiment globally. Consequently, S&P 500 has approached near its All-Time High levels. Nifty 50 performed in tandem with global peers gaining 2% for the week, at 25,638. Small cap zoomed 4% wherein traction seen in Metal and Capital market, BFSI sectors. The weekly price action formed a sizable bull candle carrying higher high-low, indicating acceleration of upward momentum. Breakout from six weeks consolidation (25,200-24,500) supported by across sector participation makes us confident to believe that index is poised to challenge it's All time high in coming quarter. Meanwhile, from short term perspective immediate hurdle is placed at 25,800. Volatility along the way if any should be used as a buying opportunity as we expect Nifty 50 to hold key support of 24,900. From seasonality perspective, July has been the favourable month for Nifty 50 since 1991, 71% of the time returns have been positive with an average of 2.5%. Structurally, despite geopolitical worries index maintained its higher high-low formation wherein Nifty 50 has merely corrected 3% and now witnessing acceleration of upward momentum. Past four decades history suggest that knee-jerk reactions during geopolitical escalation offers good investment opportunity for medium term perspective rewarding with double digit returns in subsequent three months. We expect, index to maintain the same rhythm. On the broader market front, the Nifty midcap and small cap indices have resumed uptrend after two weeks breather and now just 3-4% away from their life time highs. Meanwhile, northward inching ratio of Nifty 500 / Nifty 100 makes us believe that broader market would continue with its outperformance. Further, current rally is backed by the sturdy market breadth as currently 80% stocks of Nifty 500 universe are trading above their 50 days SMA while 62% of stocks are sustaining above their 200 days SMA, highlighting inherent strength. Our positive bias is further validated by following observations: 1. Outperformance of Bank Nifty continued as it inched upward and clocked fresh All Time High 2. Easing of geopolitical tension has resulted into decline in crude oil prices 3. US Dollar index is sustaining below past two months low of $98 which augurs well for FII's inflow in emerging markets 4. Bilateral Trade Agreement between India and US Dharmesh Shah of ICICI Securities recommends buying Power Finance Corporation Ltd (PFC), and National Aluminium Company Ltd (Nalco) shares this week. Buy PFC shares in the range of ₹ 415-425. He has PFC share price target of ₹ 478 with a stop loss of ₹ 388. Buy Nalco shares in the range of ₹ 186-192. He has Nalco share price target of ₹ 216 with a stop loss of ₹ 174. Disclaimer: The Research Analyst or his relatives or I-Sec do not have actual/beneficial ownership of 1% or more securities of the subject company, at the end of 27/06/2025 or have no other financial interest and do not have any material conflict of interest. The views and recommendations provided in this analysis are those of individual analysts or broking companies, not Mint. We strongly advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and individual circumstances may vary.
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First Post
2 hours ago
- First Post
Israel defies ceasefire in Lebanon, conducts strikes in south, killing 3 people
The Lebanese health ministry said an 'Israeli enemy' drone strike on a car in Kunin, south Lebanon, killed one man and wounded another person read more Smoke rises following an Israeli airstrike on Dahiyeh, in the southern suburb of Beirut, Lebanon, Friday, March 28, 2025. Image- AP Israeli strikes killed three people in southern Lebanon on Saturday despite a ceasefire in force there, authorities said, with Iran-backed Hezbollah suggesting its patience for the 'ongoing aggression' was wearing thin. The Lebanese health ministry said an 'Israeli enemy' drone strike on a car in Kunin, south Lebanon, killed one man and wounded another person. The Israeli military said the strike 'eliminated the terrorist Hassan Muhammad Hammoudi', who it said was responsible for anti-tank missile attacks on Israeli territory during the recent war. STORY CONTINUES BELOW THIS AD In a second statement later on Saturday, the health ministry said a strike on a motorcycle in Mahrouna, near Tyre, resulted in 'two martyrs and wounded one person', with one of the dead a woman. The Israeli military said it carried out a strike Saturday that 'eliminated the terrorist Abbas Al-Hassan Wahbi in the area of Mahrouna in southern Lebanon. The IDF statement said Wahbi was a Hezbollah intelligence official 'involved in efforts to rebuild Hezbollah and weapons transfers.' 'These activities constitute a blatant violation of the understandings between Israel and Lebanon,' it said. The attacks came a day after Lebanon blamed Israel for strikes that killed a woman and wounded 25 others. Lebanon's state-run National News Agency reported that the woman was killed in an Israeli drone strike on an apartment in the city of Nabatiyeh. But Israeli military spokesman Avichay Adraee said on social media that the army 'did not target any civilian building', attributing the death to a Hezbollah rocket set off by an Israeli strike. The Israeli military said it had 'identified rehabilitation attempts made by Hezbollah beforehand and struck terror infrastructure sites in the area'. STORY CONTINUES BELOW THIS AD Adraee said the civilian building 'was hit by a rocket that was inside the (fire and defence array) site and launched and exploded as a result of the strike'. Israel has repeatedly bombed its northern neighbour despite the November ceasefire aimed at ending over a year of hostilities with Hezbollah. The group's leader, Naim Qassem, said in a televised speech on Saturday that the 'ongoing aggression' by Israel 'must not be allowed to continue'. 'The (Lebanese) state must exert pressure, and it must fulfil all of its duties,' he said, insisting Hezbollah had held up its end of the ceasefire bargain. 'Do you imagine we will remain silent forever? No. Everything has its limits.' Under the ceasefire deal, Hezbollah was to pull its fighters back north of the Litani river, about 30 kilometres (20 miles) from the Israeli border, leaving the Lebanese army and United Nations peacekeepers as the only armed parties in the region. Israel was required to fully withdraw its troops from the country, but has kept them in five locations in south Lebanon that it deems strategic. STORY CONTINUES BELOW THIS AD
