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.
BUSINESS
Airtel prepays Rs 8,325 crore to clear 2015 spectrum dues
The advanced payments will help Airtel save costs annually and boost cash flow ahead of the next round of spectrum auction, which is likely to happen within this fiscal year.
BUSINESS
OnePlus set to double investments for retail expansion in India this year
OnePlus' offline channel presence expansion will also create several direct and indirect job opportunities.
BUSINESS
MC Exclusive | Size, demand for latest tech make India strategic for Ericsson: Börje Ekholm, CEO
Börje Ekholm, President and Chief Executive, said that the availability of a nationwide 5G network will spur local innovation and entrepreneurship, resulting in new 5G use cases, and helping telecom operators to monetise their network investments.
BUSINESS
Ericsson's India sales sequentially down as network investment pace normalises
A reduction in capex investments in India was expected at the beginning of 2024 but occurred earlier than anticipated, the Swedish firm has said
BUSINESS
Starlink launch in India: Speed, price, how it works - All you need to know
Starlink in India: Elon Musk's Starlink will be the third internet service provider to offer satellite internet services in India.
BUSINESS
'Historic moment for Bharat': Bharti Enterprises' Rajan Mittal after Ram Mandir consecration
The grand event was attended by 7,000 VVIPs, including actors, sportspersons, industrialists, and politicians from across the nation.
BUSINESS
Sony calls off $10-billion merger deal, Zee denies allegations
Sony on January 22 issued notice to Zee Entertainment Enterprises Ltd. (ZEEL) terminating the agreement dated December 22, 2021, to merge ZEEL and CME.
BUSINESS
Ram Mandir consecration | Airtel, Vodafone Idea upgrade telecom network in Ayodhya city
The Pran Pratishtha ceremony will be attended by nearly 7,000 invitees, including politicians, industrialists, celebrities and sports personalities. Prime Minister Narendra Modi will reach Ayodhya soon to kick off the Ayodhya Ram Mandir inauguration ceremony.
BUSINESS
Vodafone Idea to insource managed services after Tata Comm unit calls off deal
Tata Communications' unit was mainly responsible for handling the operation and maintenance of Vodafone Idea's fiber assets.
BUSINESS
Musk's Starlink likely to get nod to launch services in India by next week
With this, Starlink will become the third company after Jio Satellite Communications and OneWeb to receive such licenses from the government.
BUSINESS
Tata Communications open to acquire more companies to drive digital business growth: CFO
Tata Communications has been on an acquisition spree in the last few years and has acquired Oasis, The Switch, and Kaleyra.
BUSINESS
Airtel ARPU likely to grow 7-10% in 12-18 months, stable market backs tariff hike: Analysts
The Sunil Mittal-led telco’s focus on the feature to smartphone migration and premium users has already helped it uplift blended ARPU even without tariff hikes
BUSINESS
Foxconn, HCL Group to form chip packaging, testing joint venture in India
The chip packaging and testing venture, known as OSAT in industry lingo, comes after Foxconn abandoned a joint venture with India’s Vedanta in July.
BUSINESS
Apple expands India presence with new office in Bengaluru
The iPhone maker has nearly 3,000 employees in India. Apple’s work with Indian suppliers of all sizes supports hundreds of thousands of jobs nationwide.
BUSINESS
MeitY in talks with FinMin for tariff adjustments to boost mobile manufacturing
The Indian Cellular and Electronics Association (ICEA), in its recent report, highlighted that India has the highest tariffs of inputs in electronics manufacturing, which contradicts the government's policy objectives of building a local ecosystem and increasing domestic value addition.
