India has banned telecom operators from using 5G equipment from China's Huawei, increasing the market potential for companies like Nokia, Ericsson, and Samsung.
Airtel is in talks to acquire Tata Play, India's DTH provider, aiming at strengthening Airtel's presence in the digital TV sector, tackle slow market growth, and boost non-mobile revenues through bundled services, according to sources.
The Sensex rebounded by 1,293 points, and the Nifty surged nearly 2% to a record high, ending a five-day losing streak. Heavy value buying at lower levels and a rally in blue-chip stocks, particularly Reliance Industries, drove the recovery.
Japan’s Nikkei declined by 0.70%, Korea’s Kospi gained 0.13%, and Australia’s ASX200 saw a marginal decrease of 0.03%. In Europe, the UK’s FTSE rose by 0.17%, driven by expected inflation figures, while Germany’s DAX fell by 0.35% and the UK’s FTSE increased by 0.60%.
Nisaba Godrej, executive chairperson of Godrej Consumer, has resigned from the board of VIP Industries due to differences over leadership accountability and succession planning. Her resignation, effective June 3, 2024, was disclosed in a stock exchange filing.
The stock climbed 3.78 per cent to Rs 1,155.95 on the BSE and by 3.82 per cent to Rs 1,156.10 on the NSE.
The Indian stock market experienced a downturn as both Sensex and Nifty faced selling pressure in IT stocks and witnessed continuous foreign fund outflows. The benchmark BSE Sensex concluded at 70,700.67, marking a 0.51% decline with a substantial earlier drop of 741.27 points to 70,319.04.
Earlier this month, the company unveiled its audited consolidated results for the first quarter ending on June 30. During Q1FY24, Bharti Airtel achieved consolidated revenues amounting to Rs 37,440 crore which signifies a substantial growth of 14.1% compared to the previous year.
Bharti Airtel pre-pays Rs 8,024 crore towards spectrum liabilities acquired in the 2015 auction, benefiting from lower-cost financing. The company cleared the deferred liabilities with an interest rate of 10% to the Department of Telecom (DoT).
Airtel will augment its network making its services available to cities across the entire state in due course. Customers will now be able to experience ultrafast, reliable and secure 5G Plus services without having to worry about data exhaustion as the company removes the capping on data usage.
Speaking at the Mobile World Congress (MWC) in Barcelona, Sunil Bharti Mittal said, ""It (tariff hike) will happen across the board," which means the cost will go up across all plans.
Bharti Airtel, a leading Indian telecom operator, has increased the validity of its Rs 359 prepaid plan to 1 month from 28 days.
Airtel is likely to end all 28-day calling plans with SMS and data priced below Rs 155. This means that even for getting SMS service in the monthly plan, a customer will have to recharge his mobile phone account with a Rs 155 voucher.
Airtel Xsafe uses extremely advanced cameras that enable motion detection, allowing users to have a chat with their loved ones from wherever they are and provide a 360-degree view of what is happening at home through the Airtel Xsafe App. The new solution is available across 40 cities.
Nxtra will be the first data centre company in India to deploy fuel cell technology to reduce carbon emissions at its data centres while unlocking cost and sustainability benefits.
Bharti Group chairman Sunil Bharti Mittal's family and Singtel own Bharti Telecom (BTL).
This is the first time ever that the Department of Telecom (DoT) has handed out a spectrum allocation letter on the day of making upfront payment.
5G network: India's biggest ever auction of telecom spectrum received a record Rs 1.5 lakh crore of bids, with Mukesh Ambani's Jio cornering nearly half of all the airwaves sold with a Rs 88,078 crore bid.
The auction is being held for spectrum in various low (600 MHz, 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz), mid (3300 MHz) and high (26 GHz) frequency bands.
In June, Airtel and TCS had announced a strategic partnership for implementing 5G network solutions for India.
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