Qualcomm Incorporated, a developer of wireless technologies and data solutions, on Tuesday announced its plans to invest in Indian startup companies offering technologies and services that enhance the wireless communications and semiconductor ecosystems.
ICICI Securities expects Jio Platforms' ensuing IPO to fetch "premium valuations", as was the case in the high-profile equity raise of FY21, and has pegged the company's equity value at $148 billion by September 2027.
Jio Platforms Limited is likely to have a valuation of $148 billion by the time it goes public on the back of strong free cash flow and potential deleveraging, ICICI Securities said.
Qualcomm, the global developer of wireless technologies and data solutions, will soon invest in Indian wireless communications and semiconductor start-up companies through its arm Qualcomm Ventures. It will focus on Indian start-ups and private companies that serve the mobile and semiconductor ecosystem in India through innovation in mobile application and platform software developers, semiconductor components, devices & service platforms & network infrastructure providers.
Reliance Jio, India's biggest telecom operator, is planning to launch an initial public offering (IPO) and listing on bourses in the first half of 2026, billionaire Mukesh Ambani said on Friday. Jio is currently a unit of Reliance Industries Ltd, India's most valuable company.
The company is targeting countries like Germany, Italy, France, Spain, Portugal, and the UK which account for over 70 per cent of Europe's two-wheeler volumes.
The JV between the two has won BWA spectrum in Delhi, Mumbai, Haryana and Kerala.
Intel Capital, IBM, SAP Venture, Qualcomm Ventures increase India focus. July Systems, which developed a mobile broadband platform, has just received funding from Intel Capital.
The QPrize competition will provide $550,000 in total seed funding to help entrepreneurs transform their innovative business plans into reality. It is open to entrepreneurs in India, North America, Europe and China whose business plans accelerate wireless technology development Each regional winner will receive $100,000 of convertible note funding. The four regional winners will compete against each other for a grand prize of an additional $150,000.
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On May 24, 2012, Bharti Airtel and Qualcomm announced an agreement under which Bharti had acquired 49 per cent interest in Qualcomm AP's India entities with licences to offer 4G data services in four circles of Delhi, Mumbai, Haryana and Kerala.
Bharti Airtel Ltd, India's top telecommunications carrier, said on Friday it had bought out Qualcomm Inc's stake from a fourth-generation (4G) broadband joint venture in the country, taking full ownership of the business more than a year earlier than planned.
RIL was among the top gainers in the Sensex pack, jumping over 3 per cent to hit its record closing high. Tech Mahindra, HCL Tech, Bharti Airtel, Infosys, HUL and ITC were also among the prominent gainers.
Jio Platforms is expected to use its 388 million mobile phone subscribers as the cornerstone of an e-commerce and digital services business to rival Amazon and Walmart's Flipkart.
Reliance Jio, together with partners, has tested its 5G solutions in India, successfully demonstrating speeds of over 1 GBPS, and its 'Made in India' solution is "globally competitive", RIL chairman Mukesh Ambani said on Thursday. Ambani also exuded confidence that the company will be the first to launch full-fledged 5G services in the country. Jio is not just working to make India '2G-mukt' (free from 2G) but also '5G-yukt' (5G empowered), he added. Jio's engineers have developed a 100 per cent home-grown and comprehensive 5G solution that is fully cloud native, software defined, and digitally managed.
Vani Kola, Karthee Madasamy, T V Mohandas Pai also invest in the media startup
Prime Minister Narendra Modi began his engagements in the US on Thursday by meeting with leading American CEOs from five different key sectors and highlighted the economic opportunities in India.
'Our sensors allow the missile to locate and identify the target even if it's on the move.'
Isha's stab at the bottom of the laptop pyramid shows she is a true Ambani.
Micron plans an assembly testing, marking and packaging project of $1 billion, and talks are on to set up a memory chip plant for captive requirements.
The family office category was up 38 per cent, led by names such as Ratan Tata, Ronnie Screwvala and various Infosys co-founders.
With a million-odd electric vehicles (EVs) - two-wheelers, e-rickshaws, buses and passenger cars - expected to hit the road this calendar year, the shift from gasoline-powered vehicles has become irreversible. Now the question is whether the supply chain is ready for this shift. Key components - the high-powered lithium-ion battery and the cells which go with it, the electric motor, and the electronics powered by chips - account for nearly 60 per cent of the cost of an EV.
It quickly went from being a darling of investors to a liability
Indian plants -- who plan to begin production with 28 nano metre chips -- will take two to four years to get off the ground. By that time, in the fast changing world of chip making, the global market would have shifted to 22 nm.
India-located funds have already raised $3.9 billion so far this year.
Mumbai-based Indian Semiconductor Manufacturing Company (ISMC) and Singapore-headquartered IGSS Ventures have one strategy in common: They have told the government in their application for semiconductor fabrication plants that they will export the bulk of the chips they make in India in the initial five or 10 years. The third applicant, Vedanta-Foxconn, which is also building a fab plant, has said it will concentrate on the needs of consumer electronics and mobile device markets, and earmark 80 per cent of output for domestic consumption, but has not specified its customers. Finding a viable domestic market could well be the biggest challenge for India's renewed tryst with semiconductors. Fab plants do not sell directly to end users but to intermediary chip design companies - such as Qualcomm or MediaTek.
It's light weight, has a long battery life and a HD display; but is also pricey.
The partnership will also see the two parties cooperate on technology initiatives, including development of affordable smartphones.
'The service we are offering is for all telcos and not just Bharti.'
"We are delighted to welcome Google as a strategic investor in Jio Platforms. We have signed a binding partnership and an investment agreement under which Google will invest Rs 33,737 crores for a 7.7 per cent stake in Jio Platforms," Mukesh Ambani said at the company's annual general meeting.
Tech grads from BITS Pilani identify a problem and then use technology to solve it. The Visit story.
Thank you for giving YourStory a chance to live, to be with you, to be a part of you. It's found a life and blossomed because of the love you have given unconditionally, says Shradha Sharma, founder and chief editor, Yourstory, that recently raised undisclosed amount from Ratan Tata, the chairman emeritus of Tata Sons.
Start-ups that did not have a business model and, hence, could not grow or attract new funding, are shutting shop.
This year's list includes 40 influential people under 40 years of age in five categories -- finance, technology, healthcare, government and politics, and media and entertainment.
Silicon Valley techies and investors who were at Prime Minister Narendra Modi's Digital India dinner analyse the parlay for Ritu Jha.
Wipro, has set up a venture capital (VC) fund that will look at investing in early-to-middle stage technology start-ups globally.
Google boss's absence at US-China internet forum meet raises eyebrows.
'Silicon Valley is the best model for driving growth and innovation. Meeting the right people who care about India is a fantastic step. India today stands out as the large potential global economy for growth.'
Bhupendra Kumar Modi is the founder of $2-billion Spice Group.
Bharti Airtel customers can now avail its 4G data plans starting from Rs 450, down 31 per cent from Rs 650 earlier in Bengaluru, Kolkata, Pune and Chandigarh circles.
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