NTT DATA and Ericsson have announced a multi-year partnership to promote the adoption of private 5G networks and develop advanced edge AI applications for enterprises.
The Karnataka government is reviewing its data centre policy to prioritise sustainability due to concerns about the significant water and energy consumption of data centres. The government is exploring coastal locations like Mangaluru for future data centre development and focusing on smaller-scale data centres.
'When you think of cross-border payments, the first things that come to mind are risk, compliance, taxation, speed, and cost.'
Tata Sons Ltd, the holding company of the $150 billion Tata group, may be forced to infuse fresh capital into its loss-making telecom arm, Tata Teleservices Ltd (TTSL). This is because TTSL has to pay Rs 19,256 crore adjusted gross revenue (AGR) along with other dues to the central government by March 2026.
Japanese information technology services firm NTT Data Corporation is still in talks to acquire stake in Patni Computer Systems, despite acquiring Intelligroup for $199 million (around Rs 895 crore), say sources in the investment banking industry.
Japan's leading information technology services and solutions provider, NTT Data Corporation, has emerged as the most aggressive suitor for Indian software services firm Patni Computer Systems. NTT is in advanced talks with the promoters of Patni Computer to buy their combined 46.5 per cent stake, investment banking sources said.
NTT had earlier sought the combined 63 per cent stake of the promoters and private equity firm General Atlantic Partners, but their exclusive talks failed due to a valuation mismatch.
The sale price would be 72.5 billion rupees ($1.19 billion) -- the equivalent to half of the original acquisition price -- or a 'fair market price', whichever was higher, as agreed when DoCoMo made the initial investment in 2009, Japan's top mobile phone services operator said in a statement.
DoCoMo said it is uncertain whether Tata Sons will pay the awarded damages.
NTT I3 develops software for parent company's wearable electrodes fabric.
It looks like IBM is betting on Vaswani to replicate the success he had with Dell
The annual report also mentions Tata Sons is obligated to buy the stake at the higher end of fair value or 50 per cent of the subscription purchase price.
The service, which would be branded 'Tata-DoCoMo', would be commercially rolled out towards the end of this month in the southern region, followed by western and northern regions. NTT DoCoMo acquired 26 per cent stake in Tata Teleservices for $2.7 billion last year. The company would be investing $2 billion in the operations, TTSL managing director Anil Sardana told reporters. This is $0.5 billion higher than its earlier earmarked investment of $1.5 billion.
The company plans to leverage its tie-up with NTT DoComo to offer many value-added services.
Global telecom industry body the GSM Association on Thursday said it has decided to cancel the 2020 edition of the sector's largest event Mobile World Congress due to health safety concerns around novel coronavirus outbreak.
However, survey by Japanese firm shows India as most preferred Asian market for Japanese investors.
The parties have jointly applied to the Delhi high court, requesting that it accept their agreed terms of settlement, subject to such further orders as the court sees fit, it said.
As India builds its data centre capabilities, it is imperative that it is supported by green energy. This is because data centres are guzzlers of energy.
DoCoMo's exit from Tata Teleservices highlights the struggle of smaller operators even as the outlook improves for bigger players.
As Tata and DoCoMo look for out-of-court settlement, here's a blow-by-blow account of the long legal tussle
Will give up extra airwaves in 15 service areas but will retain 3.75 megahertz in the Delhi and Mumbai.
Hiranandnani's new venture is well-timed, but it will face heavy competition from both international majors and domestic peers like Adani Group.
Tata Teleservices (Maharashtra) on Friday said Japanese telecom major NTT DoCoMo's open offer for a 20 per cent stake in the company has been deferred following a delay in approval from market regulator Securities and Exchange Board of India.
Days after NTT DoCoMo of Japan announced that it will buy 26 per cent in Tata Teleservices for $2.7 billion, NRI businessman C Sivasankaran has decided to put on the block his eight per cent stake in the company.
The Rs 6,700-crore (Rs 67 billion) deal likely in a fortnight. News of the likely transaction first broke a few weeks ago. Investment banking sources now suggest that the deal will be announced in a fortnight, if not earlier. A Tata Teleservices spokesperson refused to comment, saying: "As a policy in the Tata group, we do not comment on speculative queries."
The Asia-Pacific Mobile Alliance plans to promote voice, video and data via members' GSM/GPRS and W-CDMA networks.
Organisers warn participants against eating out over COVID-19 risks.
"CCP's (Chinese Communist Party) territorial aggression is also apparent on its Indian border where China has attempted to seize control of the Line of Actual Control by force," US National Security Advisor Robert O'Brien said in a remark on China early this week in Utah.
This week's collection of unbelievably unusual images from across the world.
The issue will now have to be resolved through arbitration.
In the broader market, the BSE Smallcap and BSE Midcap index gained 0.1% and 0.4%, respectively
Docomo is looking to expand its reach beyond Japan and sees India and Africa as key emerging markets.
The total valuation of Tata Teleservices, according to the valuer, was only Rs 11,000 crore (Rs 110 billion), against the pre-agreed valuation of Rs 27,000 crore (Rs 270 billion).
Tata, 78, who retired as Tata Group Chairman nearly four years back, justified his return for "maintaining stability and continuity of leadership" and promised to give the group "a world-class leader" when a fulltime boss is appointed.
Karunanidhi was convinced that using the 2G cases against the DMK and reopening the fodder case against Lalu Prasad Yadav were products of the Congress leadership's short-sightedness. A revealing excerpt from A S Panneerselvan's Karunanidhi: A Life.
The market breadth, indicating the overall health of the market, turned negative from positive
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