As part of a plan to refinance debt and expand its upcoming constellation of satellites, French satellite major Eutelsat Communications will raise euro 1.35 billion, or $1.55 billion, through a reserved capital increase and a rights issue, the company announced on Friday. Bharti Enterprises' space venture, Bharti Space Ltd, will invest euro 31.4 million, or $36 million, in the capital raise.
NB-IoT provides cellular-based connectivity with wide coverage and low power consumption, making it ideal for large-scale smart metering deployments.
The company had announced similar pricing for Sri Lanka, where its application was in advanced stages of regulatory clearance.
Bharti Airtel vice-chairman & managing director Gopal Vittal on Wednesday said while a call on exercising the option of converting pending spectrum dues into government equity would be taken by its board, the company had reached out to the Department of Telecommunications (DoT) to confirm whether it could do so. "On the adjusted gross revenue (AGR) conversion, it was simple.
With a major network rollout on the cards, the government is not keen to change the pattern of tower monetisation for Bharat Sanchar Nigam Ltd (BSNL), officials at the state-owned telecom-service provider said. The monetisation target in the telecom sector had to be revised owing to a change in BSNL's approach to mobile-phone tower monetisation, which had shifted from a sale-based model to a lease-based one.
Starlink's application for offering satcom services in India had been held up for the company's inability to comply with mandatory ownership disclosure norms.
With India making it clear that the US doesn't have enough spare capacity for crude oil, Washington, DC, now wants India to sign fixed-term liquefied natural gas (LNG) contracts with American producers, multiple sources in the know said.
The US wants India to recognise internationally accredited labs, harmonise labelling requirements and the validity period of test reports and certification with global practices, and eliminate retesting requirements.
ONGC's overseas arm applied for a sanctions waiver to access $500 million dividend from two Venezuelan projects.
While India has become the largest data generating nation, and hosts more than 152 data centres, it is fed by only 18 undersea cables.
In a significant move, state-run oil producer Oil India Limited (OIL) has finished drilling its first well in the Andaman sea while Oil and Natural Gas Corporation (ONGC) has just started drilling operations in the area, said officials.
'We will never recognise any part of territories occupied by the Russians.'
Ongoing strategic investment into assets abroad, alongside gas purchases being made by India, will soon allow the country to access as much gas as it needs, Petroleum and Natural Gas Minister Hardeep Singh Puri said on the sidelines of India Energy Week (IEW 2025).
Leading oil companies dedicated the second day of India Energy Week (IEW) 2025 to announcing strategic deals and business agreements across the supply chain - from sourcing more crude oil supply to deploying more domestic ships and building gas distribution capacity.
'Trump is good news for us. Energy poverty is real, and fossil fuels are the answer.'
US shale oil would act as an alternative to India's heavy dependency on Russian crude, which is currently facing sanctions.
The government wants the AI Summit to give it an early start in becoming part of any global body setting policies for the emerging technology.
'The US is strongly placed to expand its crude supplies to India.'
Dr Jaishankar is expected to discuss the dates for the fifth Quad leaders' summit in India later this year.
Bharti Airtel is expected to see its highest revenue growth, and subscriber addition during the third quarter (October-December) of FY25 among telcos, said analysts. The telco's top line in Q3 may see the fastest sequential growth at 5 per cent compared to 3 per cent for Reliance Jio and Vodafone Idea (Vi). Airtel's annual mobile revenue growth would rise to 16 per cent, IIFL Capital said in an analyst note.
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