BUSINESS
Telecom industry expects SC judgement on Input Tax Credit to improve their financial health
In a major victory for the telecom sector, the Supreme Court ruled that service providers are entitled to claim Cenvat credits on central excise duties paid for key telecom infrastructure
BUSINESS
Debt-funding delay to slow down Vodafone Idea turnaround; govt relief likely: Analysts
Vodafone Idea separately said it hopes to meet any potential cash shortfall through another round of government debt-to-equity conversion.
BUSINESS
India's wearable market shrinks for second straight quarter amid slow launches: IDC
For the first time since Q2 2019, the average selling price of wearables increased — by 1.3 percent to $21.3 in Q3
BUSINESS
As chip war flares up, MediaTek readies to beat Qualcomm in India’s premium 5G space
According to Counterpoint Research, MediaTek dominates the sub-Rs 30,000 5G smartphone segment, where it secured a 64 percent market share in the first half of the calendar year. Qualcomm followed with a 31 percent share
BUSINESS
Debt Funding: Vodafone Idea CEO says lenders in wait-and-watch mode, awaiting clarity on AGR issue
The company is optimistic about securing debt funding from its lenders once the government provides clarity on the AGR issue, Akshaya Moondra has said
BUSINESS
Apple widens lead over Samsung in India; on track to ship 12 million iPhones this year
In the January-September period, Apple's total shipment crossed 9 million, a 35 percent growth from the previous year. A promising December quarter and demand for iPhone 16 will likely push Apple's 2024 shipments above 12 million
BUSINESS
Vodafone Idea narrows Q2 net loss at Rs 7,176 crore, ARPU at Rs 156
The telco's rvenue from operations increased sequentially 4 per cent to Rs 10932.2 crore from 10508.3 crores.
BUSINESS
India must ensure early availability of 6GHz band spectrum for 5G growth and 6G: Ericsson Global CTO
The top technology executive suggested that telecom operators should consider integrating satellite technology into their overall coverage strategies as it is a complementary resource, rather than a competing one
BUSINESS
Nokia to have 3,300 sites ready by March to expand Vodafone Idea’s 4G network
Vodafone Idea is expanding its 4G network coverage to reach an additional 20 million people by March 2025, CTO Jagbir Singh has said
BUSINESS
Starlink in the process of complying with security requirements: Jyotiraditya Scindia
"Starlink needs to comply with all the security requirements. They are in the process of it, once they comply we will give a licence to the company," Telecom Minister Jyotiraditya Scindia said.
BUSINESS
Elon Musk's Starlink agrees to security norms, licence application back on track
Starlink has reached an in-principle agreement to meet security conditions even as Trai consults stakeholders to finalise the process for allocating spectrum for satellite services, a flashpoint between Indian and global players
BUSINESS
Will Trump 2.0 drive fresh prospects for Indian smartphone, electronics makers?
The new regime may impose stricter tariffs on China because of the ongoing trade tension between the two nations, and throw open room for Indian manufacturers to grow
BUSINESS
IN-SPACe to make first investment under Rs 1,000-cr venture fund this fiscal; seeks more details from Starlink, Kuiper for approval: Chairman
IN-SPACe is working on authorisation applications from Elon Musk's Starlink and Amazon's Kuiper, having sought more information and clarification, says Pawan Kumar Goenka
BUSINESS
Xiaomi India president Muralikrishnan steps down
Notably, Muralikrishnan's departure comes two months after the company appointed Sudhin Mathur, the former managing director of Motorola and Lenovo, as the chief operating officer. Mathur is in charge of driving the company’s vision, crafting a roadmap for growth, and sustaining the present momentum
BUSINESS
American chipmaker AMD eyes bigger role in India’s 6G journey
Last year, AMD announced that it would invest around $400 million in India over the next five years and build its largest design centre in Bengaluru's tech hub
BUSINESS
Diwali smartphone sales value zooms 40% for offline retailers, despite buying binge online
Despite the growth in online shopping, analysts said a significant segment of consumers still prefer purchasing flagship devices from offline stores due to their trust in local establishments
BUSINESS
DoT in favour of waiving spectrum bank guarantees, move to help Vodafone Idea
If approved by the Cabinet, Vodafone Idea will be the primary beneficiary. The telco is expected to arrange bank guarantees of Rs 24,700 crore over the next few months
BUSINESS
Samsung and Apple drive highest value growth in India’s smartphone market amid premiumization trend
The premiumization trend drove the value growth, while volume growth was prompted by the earlier onset of the festive season compared to 2023. Smartphone brands proactively stocked channels to prepare for the expected sales surge. However, the market tracker noted that festive sales initially started at a slower pace than last year.
BUSINESS
Airtel MD says impact of SIM consolidation milder than previous tariff hike rounds, rural network expansion driving growth
Gopal Vittal said the Indian business's ROCE, or return on capital employed, is still very low at 11.2 per cent, adding that the only way to improve this is further tariff repair.
BUSINESS
Airtel MD Gopal Vittal to take on some key roles from Sunil Mittal; says no intention to leave Bharti Group
Starting January 2026, current CEO Gopal Vittal will assume the role of Executive Vice Chairman, while current COO Shashwat Sharma will step in as CEO.
BUSINESS
Bharti Airtel's management rejig and leadership change unlikely to be highly disruptive: Analysts
Effective immediately, Shashwat Sharma, as CEO designate, will oversee the consumer business, including mobility, home, and DTH, while Gopal Vittal will continue managing enterprise and HR functions
BUSINESS
Airtel to split DTH and entertainment under restructuring plan, create customer experience as standalone function
The Sunil Mittal-led telco is making more changes as part of its planned restructuring, which will take effect on April 1, 2025
BUSINESS
Airtel names COO Shashwat Sharma as MD & CEO from Jan 1, 2026; Vittal to become executive vice chairman
On January 1, 2026, the telco's current MD & CEO, Gopal Vittal, will move into the role of Executive Vice Chairman
BUSINESS
AI beckons Bollywood: Abu Dhabi-based G42 seeks to add tech edge to movie creatives
G42, which developed the world’s largest AI supercomputer Condor Galaxy, and launched Jais, the first open-source Arabic language model, looks to bring its AI expertise into India’s vibrant film industry
