BUSINESS
Vodafone Idea to clear vendor dues by next fiscal; plans to sell premium 5G plans: Analysts
The telco is also confident of increasing its ARPU further by continuously upgrading its subscribers from 2G to 4G. It expects to be 5G-ready by the end of FY26 and thereby onboard more customers, thereby upselling premium plans.
BUSINESS
Sterlite Technologies reports consolidated loss of Rs 82 crore in Q4
The company's consolidated revenue from operations declined about 39 percent to Rs 1,140 crore during the quarter from Rs 1,872 crore in the March 2023 quarter.
BUSINESS
Digitisation across sectors to drive growth in 2024; manufacturing unit to go live later this year: Cisco India President
Cisco's new manufacturing facility on the outskirts of Chennai will go live in the latter half of this year and will be able to generate $1 billion in domestic production and exports in the short term.
BUSINESS
Startups urge DoT not to discontinue telecom R&D finance scheme
DCIS, which came into effect in 2021, was the first scheme providing R&D funding support for domestic design-led telecom in the private sector.
BUSINESS
Ericsson, Nokia seek to replace Chinese rivals as Vodafone Idea upgrades 4G network
European vendors Nokia and Ericsson will face some competition from American vendor Mavenir and South Korea’s Samsung which have been running pilots of OpenRAN and vRAN technologies, respectively, in a few circles.
BUSINESS
CG Power and Industrial Solutions expects OSAT business to generate revenues in next 4 years: MD
The estimated investment in the project over five years is Rs 7,600 crore and the same is expected to be funded by a combination of government subsidies, equity contribution and potential bank borrowings as required, the company said.
BUSINESS
Netweb in talks with govt for AI sovereign cloud, manufacturing under NVIDIA deal to start in Q1: says CMD Lodha
The domestic server and high-end computer maker will start manufacturing Nvidia GH200 super chip-enabled systems this quarter, Netweb CMD Sanjay Lodha has said. The company expects the AI Mission and Nvidia tie-up to drive AI systems business
TECHNOLOGY
Apple's iPhone shipments will surge 20% in India, outpacing market in 2024, say experts
Apple shipped around 10 million iPhones in India in 2023 and cornered 7 percent of the market, according to data from Counterpoint
BUSINESS
Trai's caller ID service recommendation to help Truecaller reach out to more users: India MD
Truecaller, which has done three acquisitions in India to date, is open to more acquisitions in the country to bolster its offering, the India MD said.
BUSINESS
Indus Towers working with Vodafone Idea to recover dues; expects to benefit from telco's improving financial situation: Prachur Sah, MD
The tower infrastructure company expects Vodafone Idea’s fundraising to provide new growth opportunities soon as Vodafone Idea kickstarts its 4G expansion and 5G rollout in its 17 priority circles.
BUSINESS
NHAI encounters procurement delays for 'digital highways', new optic fibre cable tender expected
The road ministry has been trying to launch "digital highways" in India since 2022 with around 1,367 kilometres on the Delhi-Mumbai Expressway and 512 km on the Hyderabad-Bengaluru corridor being identified as pilot routes for the digital highway development.
BUSINESS
Tejas eyes global expansion, go head-to-head with Chinese, European telecom vendors
The Tata group-backed domestic telecom gear manufacturer is looking to expand its portfolio through partnerships or acquisitions, says Athreya
BUSINESS
Tejas, TCS, STL, other domestic vendors flag concerns over Chinese telecom imports; seek govt intervention
Out of the total traceable imports of Rs 644 crore of access points from January 1, 2020, to April 30, 2023, from China. VoICE alleged the ongoing practice suggests that land border policy is not being adhered to strictly.
BUSINESS
Private telcos seek DoT intervention in banning sale of 6 GHz Wi-Fi products
The Cellular Operators Association of India (COAI), representing Reliance Jio, Bharti Airtel, and Vodafone Idea, has labelled the sale of 6GHz-enabled Wi-Fi products on e-commerce platforms such as Flipkart, Amazon, and Moglix as illegal
BUSINESS
Exclusive: China’s ODM Huaqin Technology in advanced JV talks with India’s Bhagwati
The Huaqin joint venture will help Bhagwati secure new contract manufacturing business from Chinese brands such as Oppo, Vivo, and Realme, which are looking to shift a part of their production to India players with PLI approvals
BUSINESS
Treat semiconductor chip manufacturing as a strategic sector: ICEA
ICEA, in its report, emphasised the critical need to develop a holistic design ecosystem encompassing the entire electronics value chain.
BUSINESS
Amazon yet to finalise application for satcom licence for Project Kuiper
Amazon trails rivals Starlink, OneWeb, and Jio in terms of service offerings. It has allocated over $10 billion to launch Kuiper, which involves deploying 3,232 satellites into low Earth orbit by 2029
BUSINESS
FPO marks start of Vodafone Idea 2.0, will stage 'smart turnaround', says Kumar Mangalam Birla
A revitalised Vodafone Idea is important for India. A nation of 1.4 billion people deserves 3 private telecom players, says Birla
BUSINESS
Jio pips China Mobile to become world's top telco by data traffic; analysts expect 5G monetisation focus
Notably, Jio also has the world’s second-largest 5G subscriber base, at 108 million, with more than 28% of its total wireless data traffic now consumed by 5G users, the company said in its analyst presentation on Monday.
BUSINESS
DoT to ask Trai to start fresh consultations on satcom spectrum allocation
The upcoming consultations will address concerns about ensuring a level playing field. Additionally, it will involve refining existing licenses to provide clear guidelines on the types of services that satcom companies with administratively allocated spectrum can offer.
BUSINESS
Administrative allocation of spectrum only in limited cases; auction route to continue: Govt sources
The Department of Telecommunications (DoT) moved the Supreme Court on April 22 to modify the 2012 order to allow for administrative allocation in select cases where using the auction route is not technically feasible.
BUSINESS
Lava hopeful of securing funds this fiscal to grow smartphone biz; forays into smartwatch market
In September 2021, Lava International Ltd filed a draft red herring prospectus (DRHP) with markets regulator Sebi to raise about Rs 500 crore through a fresh issue of shares and private placement of about Rs 1,000 crore. However, the company shelved the IPO plans due to tough market conditions.
BUSINESS
Vodafone Idea FPO, future funding plans to ensure India remains strong three-private telco market: Analysts
Analysts also believe that Vodafone Idea may benefit from being a late entrant in the 5G market, learning from its bigger rivals that have already rolled out pan-India 5G networks
BUSINESS
Govt eyeing vouchers, subsidies to make AI GPUs affordable for educational institutions, innovators
Both the proposals are being discussed with Nvidia. Government is also keen on talks with other global players, sources. The market has welcomed the move, saying the government's involvement will mean better access.
