BUSINESS
Telco body COAI seeks manufacturing incentives in AR/VR devices for Metaverse
Indian telecom operators want to tap the Metaverse opportunity with their 5G services. They want to partner with content providers and over-the-top players to enable several use cases.
BUSINESS
5G smartphones, offline expansion will drive Realme growth in India: Founder and CEO Sky Li
Li says 5G smartphones and offline expansion will drive most of the sales for the brand in India in 2024
BUSINESS
Spectrum Auction: Vodafone Idea may not bid for new airwaves, given funding crunch
Vi's spectrum renewal is due in the 900 MHz and 1800 MHz bands in West Bengal and Uttar Pradesh (West), worth over Rs 1,950 crore.
AUTOMOBILE
All you need to know about Spectrum Auction 2024-25
The cabinet on February 8 approved the auction of telecom spectrum across multiple bands. The reserve prices for various bands have been revised using suitable indexation, as recommended by the Telecom Regulatory Authority of India (TRAI).
BUSINESS
Regulatory mandate for forceful 2G/3G shutdown could widen digital divide: Vodafone Idea to Trai
Vodafone Idea urged the TRAl to disregard "rhetoric comments" of sunset date for legacy technologies
BUSINESS
6 GHz band critically required for 5G growth and 6G introduction: Reliance Jio to Trai
Jio dismissed the demands made by tech companies to allocate airwaves in this band for WiFi services, and argued that it is not justified to delicense V band and 6 GHz for use in public WiFi networks.
BUSINESS
Lenovo plans to start local production of servers in India; aims to make India a global export hub
This will support the world's second-largest PC maker's data centre business in India. The company plans to leverage the government's PLI scheme to achieve this goal.
BUSINESS
ARPU increase, 5G monetisation will happen with tariff repair: Gopal Vittal, Airtel MD
Airtel currently has 65 million 5G users across the country. Vittal said that 25 percent of the total smartphones in the industry will be 5G-enabled by March 2025.
BUSINESS
Nokia India sees leadership change and layoffs due to a global restructuring
Tarun Chhabra succeeds Sanjay Malik, who will remain in the company till March 31, 2024.
BUSINESS
Apple set for robust 2024 in India as iPhone sales continue to soar: Analysts
Company has gained both mindshare and market share, they say. Focus on consumer and enterprise segments, and growth of content creators among reasons for iPhone’s growth.
BUSINESS
Apple India revenue hits record high in Dec quarter on strong iPhone sales: Tim Cook
Analysts have attributed Apple's strong growth to the robust demand for its latest and older iPhone models. This is mainly due to Apple's aggressive marketing strategies, which include consumer financing, trade-ins and discounts.
BUSINESS
US-based telecom gear maker Infinera ropes in Vikram Anand to head India operations
Infinera considers India its most significant potential market in Asia and expects the country to contribute over 10% towards its global revenues.
BUSINESS
2024's telecom spectrum auction will not be as big as last round of 5G auction: Ashwini Vaishnaw
The Department of Telecommunications (DoT) will soon issue a notice inviting applications (NIA), the legal document laying down auction rules and processes. Auctions typically start 45–50 days after the NIA is issued.
BUSINESS
Telecom Budget 2024: Industry seeks USOF and tax reliefs, duty exemptions
The industry has requested that the Union Budget focuses on reducing the customs duty to zero and gradually increased depending on creating an ecosystem for manufacturing telecom gear in India
BUSINESS
Apple pips Samsung to capture top position in India smartphone revenues in 2023
Apple produced iPhones worth over Rs 1 lakh crore in India last year, having ramped up output sharply from the year before. Of this, made-in-India iPhones worth Rs 65,000 crore were exported from January to December.
BUSINESS
Excitel aims to ride the 'cord-cutting' trend with new IPTV-broadband bundle service
In television broadcasting, cord-cutting refers to viewers cancelling their cable or DTH subscriptions in favour of online streaming options
BUSINESS
Import duty cut on handset parts brings certainty, clarity for industry: Ashwini Vaishnaw
Experts said that the move to slash import duty for components used in manufacturing mobile phones to 10 percent from 15 percent earlier may allow handset makers to slash prices in the entry or budget smartphone segment.
BUSINESS
Import duty cut: Handset makers may reduce entry-level smartphone prices by 3-5%, say experts
In a notification on January 30, the Centre reduced import duty for components including battery enclosures, primary lenses, rear covers, and various mechanical components made from a combination of plastic and metal and SIM sockets.
BUSINESS
Vodafone Idea's fundraise prospects become bleaker as customer attrition continues
Akshaya Moondra, CEO of Vodafone Idea Limited, on January 29, said that the telco was engaged with various parties for fundraising to make required investments for network expansion, including 5G rollout.
TELECOM
Anil Kumar Lohati appointed as new TRAI chairman
The position of TRAI chairman had been lying vacant for more than three months.
BUSINESS
Vodafone Idea likely to report marginal revenue growth in Q3; subscriber loss to continue: Analysts
However, Vodafone Idea's average revenue per user (ARPU) would increase YoY, led by increased prices for entry-level plans, say analysts.
BUSINESS
Optical fiber maker STL reports Rs 57 crore net loss in Q3
At an overall company level, STL also reduced its net debt by Rs 174 crore from FY 23.
BUSINESS
Asus to start making gaming laptops in India this year, eyes top market spot
The company is also looking to ramp up local production as it eyes households India that do not have a laptop, says Arnold Su, vice president of consumer and gaming PCs at Asus India. According to him, around 89 percent of households don't have a laptop
BUSINESS
Nokia reports 33% decline in net sales in India in Q4, cites slowdown in 5G deployments
Nokia expects the challenging environment of 2023 to continue during the first half of 2024, particularly in the first quarter.
