Bharti Airtel, one of India’s largest telecom companies, has selected Tejas Networks, a provider network equipment and services, to expand its fiber network in major cities for 5G and broadband applications, the latter said. “Tejas will supply, install and support its state-of-the-art TJ1600 DWDM/OTN products for extending Airtel’s optical networks towards the edge, supporting 5G […]
Infosys, a prominent supplier of IT services and products to enterprises, said it will explore the use of Amazon’s Cobalt ‘quantum computing’ platform to build quantum computing applications for clients. Quantum computing refers to the use of non-binary technologies to carry out computations. Traditional computers carry out all computations by reducing all data into a […]
Indiabulls Housing Finance said its offer of non-convertible debentures — a kind of fixed deposit in the company — has generated total retail collection of Rs 807.8 cr. Under the issue, the company was targeting to raise up to Rs 1,000 cr, including a ‘greenshoe’ option of Rs 800 cr that depended on demand. The […]
Dish TV India, one of the largest direct-to-home satellite broadcasters in the world, said a shareholder resolution calling for the removal of its chairman and certain directors as proposed by YES Bank cannot be implemented without the approval of the government and lenders, and therefore, the DTH company has sought permission to postpone the annual […]
Abandoning its long-held restraint when it comes to commenting on extremists originating from minority communities, the Kerala unit of CPIM has included warnings about ‘attempts to spread extremism’ among students belonging to Muslim and Christian communities in Kerala. The warning, contained in this year’s guidebook for student leaders, was in addition to the traditional instruction […]
Brickwork Ratings, a credit rating agency that gives advice on the ability of companies to service their debt, has hailed the slew of measures announced by the government yesterday to give relief to the telecom sector, but added they’re not enough to save the industry. FLIP FLOP The most import measure announced yesterday was a […]
Pune-based real estate developer Kolte-Patil Developers Ltd has introduced its second Group CEO in three months in the form of Rahul Talele, currently Business Head for Pune. It was on June 12 this year that the company had appointed Yashvardhan Patil as its Group CEO. At the time, Kolte Patil Chairman & MD Rajesh Patil […]
Marurti Suzuki, India’s largest car maker, has warned customers not to drive their Ciaz, Ertiga, Vitara Brezza, S-Cross and XL6 models made between 4 May 2018 and 27 October 2020 over water-logged areas. The company said there is a fault in 1.82 lakh of these vehicles which can cause unexpected results if the customer drives […]
Ramco Systems, a Chennai-based provider of enterprise software, said it won a contract to supply operations management software to Draken International, a key US defence contractor which provides aircraft maintenance and management services to the US Department of Defence. The exact size of the deal was not revealed, but Ramco said the US company will […]
The latest industry numbers for the broadband and broadcasting industries seem to confirm what many industry watchers have been warning for years — the rising penetration of affordable and high-speed wired internet will displace cable and DTH services in India. While this has always been seen as a theoretical possibility or hypothesis, new data from […]
Tech Mahindra, an Indian IT and outsourcing player with a special focus on telecom and media, said it will invest up to $1.25 mln (Rs 8.8 cr) to secure a 13.8% stake in a US startup specializing in 5G and related technologies. “The investment will help Tech Mahindra develop new offerings in its loT/SG capabilities […]
RattanIndia, a company focused on next-generation and disruptive businesses and led by Indiabulls founder Rajiv Rattan, said it expects to benefit from the new drone rules announced by the government this week. Government of India had, earlier this week, announced several far-reaching regulatory changes aimed at allowing people to use drones or unmanned aerial vehicles […]
NXTDigital, the television channel aggregator, said it has signed on three MSOs in the India for its infrastructure sharing scheme, and expects the government to start approving these deals as early as this month. “There are three partner clients,” said CEO Vynsley Fernandes, speaking to investors, promising to disclose the names once the ministry permissions […]
Zydus Cadila has finally said it got Emergency Use Authorization (EUA) from Indian authorities to administer ZyCoV-D — the world’s first DNA-based COVID-19 vaccine — for both adults and teenagers. This is the first time any COVID-19 vaccine has been approved for those below 18 years of age in India. The approval has been given […]
Vodafone Idea is hoping that it will be able to do a better job of convincing Supreme Court of India to allow the government to rectify the mathematical and compilation that crept into the calculation of its humongous regulatory levies that now threaten its very existence. A Supreme Court bench headed by Arun Mishra had […]
Vodafone Idea, the country’s third largest telecom operator, said it plans to launch a music streaming service in tie-up with a large content provider in the coming days. The service, said CEO Ravinder Takkar, would be available to all of the company’s prepaid and postpaid subscribers. The company currently has a free video streaming service […]
Bharti Airtel said it has closed its deal to transfer CDMA spectrum to Reliance Jio Infocomm and received the money. “Airtel has received Rs. 1004.8 crores (net of tax) from Jio for the proposed transfer. In addition, Jio will assume future liabilities of Rs. 469.3 crores relating to the spectrum,” the Gurgaon-based company said. The […]
Cadila Healthcare MD Sharvil Patel said the company has started stockpiling the ZyCoV-D COVID vaccine, and is in the process of providing additional data to drug regulators and hopes to get the shot approved in one or two weeks. If approved, ZyCoV-D will become the first vaccine anywhere in the world to use DNA to […]
Dixon Technologies, arguably the most successful Indian electronics manufacturer of all times, said it has decided to float a 40:60 joint venture with its customer and Japanese electronic components maker Rexxam to target both Indian and international markets. The two companies have inked a memorandum of understanding and will begin the work of thrashing out […]
Reliance Industries, India’s largest private sector company, has announced a Rs 370 cr bet on a technology that aims to rival the dominant Li-ion technology for stationary and large-scale applications. The company has invested $50 mn in a US-based startup, Ambri, to in exchange for an unspecified stake in the company. Ambri, which started out […]
