PVR, the country’s biggest chain of multiplex cinemas by far, indicated that the worst was behind for the company, as customers started trickling back into theaters in November and December. Nevertheless, the pace of recovery continues to be very gradual. For the three months ended December, PVR’s operations generated revenue of Rs 45.40 cr. This […]
HFCL, one of India’s oldest telecom equipment and services companies, reported strong growth for the three months ended December, riding on burgeoning demand for fiber optic equipment and related services in India. The company’s revenue increased by a whopping 21% compared to the preceding three months ended September 2020, while net profit jumped by 60%. […]
Signal, the open source messaging platform, has become extremely slow and even unresponsive in several parts of India after a sudden rush of new users looking for a more secure alternative to WhatsApp. Global interest in Signal app has jumped by around 50 times since WhatsApp announced changes to its terms of use last week. […]
In a move that can potentially derail Reliance Jio’s plans to launch 5G services in the second half of this year, Government of India has come up with a plan to auction only 4G spectrum in March this year. The move to exclude 5G airwaves from the auction is likely to further delay the growth […]
Reliance Industries, India’s largest private company, today rebutted rumors that the company has purchased agricultural lands on a large scale and that it plans to carry out contract farming to take advantage of the new farming laws. The clarification comes in the wake of a online campaign targeting the company, as well as rival Adani […]
Reliance Jio said it has removed the fair usage caps imposed on voice calls under its various unlimited call plans. The move is a response to abolition of domestic mobile interconnect charges. At present, Jio imposes a limit of 1,000 minutes per recharge on calls to other network on its most popular Rs 199 plan. […]
Five months after first losing its crown as India’s No.1 operator to upstart Reliance Jio, Bharti Airtel has again taken the top spot, aided by three back-to-back months of strong subscriber additions and slowing expansion on Jio’s side. As of October 2020, Bharti Airtel once again recorded the highest number of active mobile users in […]
Enterprise connectivity provider Tata Communications has acquired a 58.1% stake in France-based embedded SIM technology company for an undisclosed amount in an attempt to boost its portfolio of IoT offerings. Embedded SIMs are used in devices that don’t have enough space for housing a physical SIM, such as smart watches and small, medical devices. Besides […]
IT and outsourcing major Wipro said it will take over the IT division of Germany-based wholesaler Metro AG in a deal that is expected to generate revenue of over Rs 1,000 cr per year for the Indian company. A total of more than 1,300 IT staff from Germany, Romania and India belonging to the wholesaler […]
A move away from traditional equipment vendors such as Ericsson and Huawei by telecom operators could open up a multi-billion dollar market for the likes of Tech Mahindra, Wipro, HCL Technologies, TCS and Infosys. Traditionally, telecom operators like Bharti Airtel and Vodafone Idea have almost completely outsourced the construction and management of their networks to […]
Thanks to the rapid roll-out of fiber broadband services by partner Reliance Jio, telecom player HFCL Ltd has started producing residential broadband-oriented fiber cables at a new facility in Hyderabad. HFCL’s new optical fiber plant in Hyderabad came online in January this year, and on Wednesday, the plant started making smaller size optical cable that […]
Credit rating agency ICRA has revised its revenue target for the TV broadcasting sector in India due to a faster than expected bounce-back in advertisement revenue and strong growth in subscription incomes. The ratings company, however, kept its forecast for the print industry unchanged, predicting a decline of 30% for the ongoing financial year. BROADCAST […]
Vodafone Idea, the country’s third largest mobile operator, has started deploying a revolutionary new approach to creating its cellular network, but has also encountered several challenges in doing so. The company is experimenting with the so-called ‘open radio access network’ or Open RAN technology, which is a break from the traditional one-box technology promoted by […]
Bharti Infratel, the tower company spun out of Bharti Airtel, said it will change its name and ticker to Indus Tower on Friday, Dec 18. The name and stock ticker will come into effect on India’s major stock exchanges, including the NSE, on that day. The new ticker will be INDUSTOWER. The merger, originally designed […]
Displaying a united front against high 5G spectrum prices, India’s top wireless operator Reliance Jio has become the latest to came out strongly against government’s proposed 5G spectrum prices. Vishakha Saigal, vice president and head of strategic initiatives, regulatory policy and research at the Mukesh Ambani-led company, said spectrum prices have to be made affordable. […]
Reliance Jio, whose entry into wireless telecom decimated the competition, seems to be all set to repeat its performance in the wired broadband space. The company added a whopping 3.03 lakh wired connections and 2.7 lakh fiber broadband connections in the month of September. Before this, the record for the highest number of wired broadband […]
The management of Chennai-based Sun TV Network seems to have abandoned the earlier ‘hybrid strategy’ for its digital platform and come to the conclusion that an advertising-led model will likely not work in the video-on-demand universe in the longer term. The company’s Sun NXT app has been by far the most aggressive player as far […]
Mahindra & Mahindra, the second-biggest Indian auto brand, is hoping that the valuable lessons that it has learnt from a series of less-than-spectacular product launches — reflected in the design and success of the new Thar 2020 — will be a harbinger of better luck in store for the company in 2021. Over the last […]
Radhika and Prannoy Roy, the couple who started and continue to head India’s oldest dedicated news channel NDTV, have disputed findings by the stock market regulator that they engaged in insider trading and said they will appeal the regulator’s order. On Friday, Securities and Exchange Board of India had issued an order directing them to […]
Huffington Post, a new-generation digital publisher, has likely become the first casualty of the government of India’s decision to ban foreign companies from opening news websites in India. About four weeks ago, government of India banned all foreign owned companies from distributing news and current affairs content in India or even supplying news to Indian […]
