BUSINESS
Reliance Jio seeing strong adoption of JioAirFiber: Kiran Thomas
Jio’s fixed wireless access (FWA) service, JioAirFiber, is now being offered across nearly 5,900 cities/ towns, with further ramp-up towards pan India coverage soon.
BUSINESS
Kaynes Semicon scouts for global talent in chip assembly, says Centre's nod for OSAT 'very soon'
CEO Raghu Panicker said the company plans to differentiate itself from other OSATs in India with and is planning roadshows in Malaysia and The Philippines to attract top talent.
BUSINESS
MC Exclusive: India’s telecom market structure looks good; satcom could become very significant, says Telecom Secy
In an exclusive interview with Moneycontrol, Dr Neeraj Mittal, Secretary of the Department of Telecommunications, Ministry of Communications, said India could lead the world in 6G deployment, similar to the fastest 5G rollout, which is still ongoing.
BUSINESS
Nokia, Ericsson Q1 sales fall in India as top telcos normalise 5G network investment
Both European vendors expect fresh deals from struggling telco Vodafone Idea, which has earmarked Rs 12,750 crore of the total FPO proceeds to purchase equipment for expanding its network infrastructure by setting up new 4G sites, expanding the capacity of existing 4G sites and new 5G sites.
BUSINESS
Tata Comm AI Cloud with Nvidia to launch this year; investment to continue says CEO
Tata Communications MD and CEO A S Lakshminarayanan is expecting to launch its AI Cloud with Nvidia sometime later this year.
BUSINESS
Vodafone Idea priority is to settle vendors dues gradually, but no 'one-shot' clearance: CEO
Notably, Indus Towers expects Vodafone Idea to clear all its pending dues in one go
BUSINESS
Satcom not a priority area, but open to partnerships in future: Vodafone Idea CEO
Moondra said that a major growth story in the telecom industry exists in the wireless terrestrial market through 4G and 5G services and not satcom services.
BUSINESS
Vodafone Idea will engage with lenders more seriously once FPO funding is in, says CEO
Akshaya Moondra reiterated the need to increase telecom tariffs saying that it will help telcos recover their cost of capital and generate free cash. He, however, declined to comment if Vodafone Idea will take the lead in introducing tariff hikes in the country.
BUSINESS
Samsung aims to cross Rs 10,000 crore revenue from India TV business as premiumisation trend picks up
The Korean company launched its ultra-premium Neo QLED 8K, Neo QLED 4K, and OLED TVs powered by artificial intelligence on April 17
TECHNOLOGY
OnePlus reacts to Indian retailers' boycott threat, says working to resolve issues
South Indian Organised Retailers Association (ORA), in its April 10 letter to OnePlus India’s director of sales, Ranjeet Singh, threatened to discontinue the sale the brand’s products in 4,500 stores across Southern and Western states
BUSINESS
Nokia sees 'significant' growth for software business in India
Industries such as ports, manufacturing, logistics, and airports are still looking to digitalise their operations in India, which offers Nokia a great business opportunity, Raghav Sahgal, president, cloud and network services, has said
BUSINESS
Vodafone Idea FPO to improve competitiveness with rivals; meaningful market share gains unlikely: Analysts
While the fund-raise should improve Vi’s near-term fortunes, analysts said they don’t expect Vodafone Idea to gain any meaningful market share from its peers.
BUSINESS
Tariff correction required for industry growth: Vodafone Idea CEO
Analysts predict that the Indian telecom industry will see a 15–17 percent tariff hike after the general election around July-October, with Bharti Airtel taking the lead
BUSINESS
Vodafone Idea to roll out 5G in 6-9 months; to cover 40% of revenue base, says CEO
India’s third largest telco plans to spend the Rs 18,000 crore capital raised from its follow-on public offering to set up new 5G sites, expand its 4G network, and defer spectrum payments
TELECOM
Musk's Starlink licence application nears India nod as DoT fast-tracks process
Eutelsat OneWeb, Starlink, Jio Satellite Communications and Amazon are vying for a portion of the burgeoning Indian market, which has significant growth prospects
BUSINESS
Mobile retail chains to discontinue sale of OnePlus devices from May 1 due to unresolved issues
In the letter, the retailers said that consistently low-profit margins on OnePlus products have made it challenging to sustain their businesses, particularly amid rising operational and financial costs.
BUSINESS
Zetwerk’s Josh Foulger urges government to open up mobile phone PLI scheme with no riders
Zetwerk is investing Rs 1,000 crore to expand its electronic manufacturing capacity for smartphones, TVs, hearing aids, wearables, wi-fi routers, PCBAs, and IT hardware like laptops and servers
BUSINESS
NIIF invests $200 million in iBus Network for majority stake
The funds will be deployed towards scaling iBUS’ operations through organic and inorganic growth initiatives, the companies have said
BUSINESS
Airtel to lead telecom tariff hike of 15%-17% post Lok Sabha elections: Analysts
The December 2019 tariff hike was the first one after Jio launched its service in 2016, and it was followed by another hike in December 2021.
TECHNOLOGY
Dutch NXP Semiconductors to double R&D presence in India; eyes DLI participation
The company employs more than 4,000 engineers at its sites in India, including Noida, Bengaluru, Hyderabad, and Pune
TECHNOLOGY
Qualcomm, MediaTek take smartphone chip rivalry to India's automotive sector
Qualcomm and MediaTek are increasing their focus on India’s automotive industry which is embracing the EV revolution. Both companies are strategically pivoting towards the sector and are lining up new investments to win more customers at a time when growth in smartphone market is stagnating.
BUSINESS
Dixon to acquire majority stake in Transsion's manufacturing unit
Through three different factories, Ismartu India makes handsets under the brands iTel, Infinix, and Tecno in India.
BUSINESS
Mobile retailers in Pune call for a protest against Samsung over 'pending dues'
Urging the company to clear dues worth Rs 50 crore, the All India Mobile Retailers Association's Maharashtra unit has called for a protest at Samsung’s Pune office on April 16
BUSINESS
Realme India aims to increase overall smartphone market share; launches P series to drive online growth
While sharing the plans on the P series, Realme India business strategy lead, Tarini Prasad Das told reporters that in 2024, the company aims to achieve the 50 million smartphones sales cumulatively under its partnership with Flipkart.
