BUSINESS
Centre won’t go all out to save MTNL, will honour existing commitments
While, the government will honour all dues arising out of payment of interest on MTNL bonds, it is unlikely to facilitate any other measures to aid the recovery of the beleaguered telecom firm.
BUSINESS
Government welcomes FDI in auto sector, including from China, says Hanif Qureshi
Heavy industries additional secretary Hanif Qureshi says the FAME3 outlay has not been finalised as the ministry is gathering views from various quarters of the automobile industry
BUSINESS
Dixon in advanced joint venture talks with electronics component companies: Atul Lall, MD
The top executive added that the company is in "deep dialogues" with potential partners and is looking to strengthen the relationship through a financial joint venture for other modules.
BUSINESS
Airtel may find postpaid, rural markets, 5G fixed wireless as next growth levers: Analysts
Analysts say Bharti Airtel has sharpened its go-to-market strategy for 5G Fixed Wireless Access to complement its fiber broadband service in the country. This is aimed at growing its home broadband business.
BUSINESS
Jio consistently gained market share in enterprise connectivity; signed marquee deals for digital services: RIL
India’s top telecom operator is aggressively increasing its presence across key industry verticals like BFSI, Government, and Manufacturing, Reliance Industries Limited (RIL) said in its annual report for 2023-24, released on August 7.
BUSINESS
Reliance Jio turned 'data dark' India into a data rich nation: Mukesh Ambani
RIL, through its subsidiaries like Jio Platforms and Reliance Jio, is also making concerted efforts to build capabilities in evolving technologies such as AI/ML, AR/VR, robotics, and natural language recognition and processing.
BUSINESS
Jio plans to take indigenously developed telecom technologies to the world: RIL
Jio Platforms and its subsidiaries have filed for 1,255 patents and granted 144 in FY2023-24. The cumulative count of patents granted increased to 331 as of March 2024, RIL annual report has said
TELECOM
Early signs of tariff hike are encouraging; reasonable returns for industry only at Rs 300 ARPU: Airtel MD
Bharti Airtel's average revenue per user per month, an important metric used by telecom companies to measure revenue generation, increased 5.5% YoY to Rs 211 in Q1FY25
BUSINESS
Airtel’s 5G SA network will go live for FWA service soon, says MD Gopal Vittal
To grow the home broadband business, Vittal said that fibre will be the main component to connect homes in the country.
BUSINESS
Sterlite Tech MD asserts strong case for zero duties in EU anti-dumping case; expects company performance improvement
STL expects its overall business to start improving and swing back to profitability in the coming quarters as high inventory levels in the US—a key priority market—reduce and start to normalise. Its focus on improving capability utilisation across factories to improve volumes and cost optimization will also help it post profits in the coming quarters.
BUSINESS
Telcos worried over strict quality of service norms, fear hike in cost load
Telcos such as Reliance Jio, Bharti Airtel and Vodafone Idea said that these QoS parameters prescribed in the new regulations have not been introduced by any other regulator in other similar economies.
BUSINESS
Qualcomm advocates for design-linked incentive scheme for smartphone market, intensifies focus on laptop market
At present, the DLI scheme is limited to startups. A few companies have been approved for claiming incentives. India is evaluating a proposal to include large multinational companies in its $200 million DLI scheme, if they are ready to design chips in the country.
BUSINESS
Apple India revenue to cross $9.5 billion in 2024, iPhone shipments to rise 18-20%
According to Counterpoint data accessed by Moneycontrol, the iPhone maker’s non-smartphone revenue is projected to reach $1.3 billion in 2024, reflecting a 14 percent year-on-year growth. iPhone revenues alone will be around $8.2 billion in the 2024 calendar year.
BUSINESS
Apple iPhone sees 14% slump in shipments amid simmering competition; slips in value share
Notably, Apple's iPad segment delivered an exceptional performance in Q2 2024, marked by 91 percent quarter-over-quarter and 47 percent year-over-year growth. Apple secured the 2nd position in the tablet market in the quarter.
BUSINESS
Indus Towers engaging with Vodafone Idea to finalise payment plan, eyes improved cash flows, says MD
MD Prachur Sah said Indus is confident about collecting past dues and is looking forward to participating in the network expansion of the third-ranked telecom operator.
BUSINESS
Smartphone shipment drops 2% on heatwaves, seasonal slump; Xiaomi reclaims top spot
During the quarter, Xiaomi reclaimed the top spot with a 23% YoY shipment growth, driven by a streamlined and focused portfolio from entry-level to affordable premium segments.
BUSINESS
Dixon to start making Google Pixel from September, in talks with another global handset brand
Dixon Tech will add Google as a partner through its partner Compal, and will start making the Pixel smartphone from September.
BUSINESS
Indus Towers Q1 net profit jumps 43% to Rs 1,926 crore, discussing a final payment plan with Vodafone Idea
Higher tenancies and record tower additions led the gain during the period.
BUSINESS
Vivo's new Greater Noida manufacturing unit to help double production capacity; to appoint local leadership
Vivo said over 150 million smartphones have been manufactured in Greater Noida, Uttar Pradesh. It also exported phones worth Rs 400 crore since 2022, it said in the report.
BUSINESS
Qualcomm, Xiaomi to launch 5G smartphone under $99, to support Jio’s SA network
Jio and Qualcomm partnership with handset OEMs will ensuring connectivity for everyone, said Sunil Dutt, President of devices division at Reliance Jio.
BUSINESS
Apple set for bumper harvest in non-handset categories; MacBooks, iPads to drive revenues
The iPhone maker’s non-smartphone revenue is expected to reach $1.3 billion in 2024, with 14 percent year-on-year growth, per Counterpoint data Canalys data, on the other hand, suggests $1.1 billion in revenue just from Macbooks and Mac PCs.
BUSINESS
DoT gets over Rs 1,000 crore from Jio, Airtel, Vodafone Idea in first batch of payments for new 5G spectrum
In the recent spectrum auction, which concluded on June 26, Bharti Airtel made a substantial investment, acquiring 97 MHz of 5G airwaves worth Rs 6,856.76 crore. Vodafone Idea also made a notable purchase, securing 30 MHz of 5G spectrum for Rs 3,510.40 crore.
BUSINESS
MC Exclusive: Apple to make iPhone 16 Pro and Pro Max models in India this year
Last year, Apple made iPhone 15 units of India-built iPhones available to Indian customers on the first day of global sales. It not only made the base iPhone 15 model in India, but later followed up with local production of the iPhone 15 Plus by Pegatron.
BUSINESS
Taiwanese chipset maker Mediatek to increase local R&D investments to tap Indian EV market; partners Jio Things
The Taiwanese chip maker has started discussions with Indian two and four-wheeler players to deploy Made in India IoT modules, apps, and clusters, which comprise infotainment touch screens used in car dashboards and electric two-wheelers
