US technology company NVIDIA and billionaire Mukesh Ambani's Reliance Industries on Friday announced a partnership to build AI supercomputers in India. "The companies will work together to build AI infrastructure that is over an order of magnitude more powerful than the fastest supercomputer in India today," the firms said in a statement. Days before the announcement, NVIDIA founder and CEO Jensen Huang met Prime Minister Narendra Modi on Monday.
Reliance Industries Chairman Mukesh Ambani on Monday said his company is open to joining hands with Bharti Airtel for improving telecom network for 4G services in Punjab.
The Lok Sabha witnessed a heated debate Friday on an Ethics Committee report recommending Trinamool Congress MP Mahua Moitra's expulsion in the cash-for-query issue, with the Opposition demanding she be allowed to speak in the House, and the government contending her views were heard by the panel.
Indian exporters shipping goods to Israel may face higher insurance premiums and shipping costs due to the Israel-Hamas conflict, according to experts. Israel witnessed a surprise and unprecedented multifront attack by air, land and sea by the Hamas militant group, which rules the Gaza Strip, in its southern parts on Saturday morning. The International trade experts said the conflict may reduce the profits of domestic exporters but will not impact trade volumes unless war escalates.
Telecom regulator TRAI on Thursday announced a substantial cut in levy accrued to state-owned BSNL at Rs 3,200 crore (Rs 32 billion) from over Rs 5,000 crore (Rs 50 billion) and shifted to revenue share regime from per call basis.
The government has lost Rs 2,000 crore (Rs 20 billion) in just over a month after 1,300 group A officers, who constitute the top management and technical cadre in telecom giants BSNL and MTNL, rejected the ''inferior'' absorption offer.
After targeting employees in the sectors of insurance, banking and hospitality, militants in Manipur have now targeted mobile operators in the state to continue their activities of extortion and abduction.The militants had earlier burned down mobile towers after employees of telecom companies refused to fulfill their demands. In February, militants of the Kangleipak Communist Party (Nongdrenkhomba faction) outfit burnt down a mobile tower and gunned down a security personnel.
The Delhi Police, in a first information report (FIR) filed under anti-terror law Unlawful Activities (Prevention) Act (UAPA) following allegations against news portal NewsClick, has alleged that a large amount of funds came from China in order to disrupt India's sovereignty and cause disaffection against the country.
The SC had reserved its verdict on a bunch of similar petitions.
A vacation bench of justices Aniruddha Bose and Rajesh Bindal said the high court is already seized of a similar issue.
Kotak Mahindra Bank was the biggest loser from the Sensex pack, skidding 1.83 per cent, followed by Axis Bank, NTPC, Hindustan Unilever, ICICI Bank, Bharti Airtel, Reliance Industries, HCL Technologies, IndusInd Bank and Nestle. In contrast, Bajaj Finance, Bajaj Finserv, Tech Mahindra, Tata Consultancy Services, Titan, Infosys, HDFC Bank, HDFC and ITC were the gainers.
Jio Financial Services, a unit of Mukesh Ambani's Reliance Industries (RIL), got valued at Rs 1.66 trillion ($20 billion) following an hour-long special trading session conducted by stock exchanges on Thursday. Shares of RIL's unit got priced at Rs 261.85 apiece - higher than analysts' expectations of Rs 134-224 per share. The price was arrived at after calculating the difference between RIL's Wednesday (July 19) close of Rs 2,840 and Rs 2,580, the price discovered during the first-of-its-kind pre-trade session.
Mukesh Ambani, chairman and managing director of Reliance Infocomm has been chosen the 'Telecom Man of the Year 2004
The telecom and banking departments along with the railways accounted for the maximum number of public grievances among the various arms of the government in the last three years.
The government on Wednesday said the Mahanagar Telephone Nigam Ltd board has approved the bid for acquiring stake in Rwanda Telecom.
Amid a raging controversy over the 2G spectrum scam, Minister of State for Telecom Sachin Pilot said most of the allegations that are cropping up date back to the National Democratic Alliance regime.
Reliance Industries Ltd will invest Rs 75,000 crore in rolling out 5G mobile telephony services, expanding retail network and setting up renewable energy capacity in Uttar Pradesh in the next four years, its chairman Mukesh Ambani said on Friday. Ambani also announced foray of the oil-to-telecom conglomerate into bio-energy business, converting agriculture waste into gas which can be used as fuel in industries, run automobiles or light kitchen stoves. Speaking at the Uttar Pradesh Global Investors Summit 2023 here, Ambani said his group will set up 10 GigaWatts of renewable energy capacity and roll out 5G services across the state in the next 10 months.
The Northeastern states are plagued by low tele-density and inadequate telecom services, hindering economic growth and development, a study said.
Eyeing overseas acquisition in a big way, the state-owned Mahanagar Telephone Nigam Ltd is likely to bid for Rwanda Telecom, which is being put on divestment by the African country.
Billionaire Mukesh Ambani's Reliance Industries Ltd climbed eight spots to the 45th rank, the highest for an Indian company on Forbes' latest Global 2000 list of public companies worldwide.
Seeks clarification on a few issues such as enhancement of entry fee and performance bank guarantee from telecom regulator
The long-awaited high-speed 5G services are expected to be rolled out in about a month, Minister of State for Telecom Devusinh Chauhan said on Monday. Addressing the inaugural event of the International Telecommunication Union's Regional Standardisation Forum (RSF) for Asia and Oceania region, Chauhan said India is likely to deploy indigenously developed and manufactured 5G telecom gears by end of this year for 5G services. "In about a month, 5G mobile services will roll out in the country, which will have multiplier effects on the development of all sectors.
India and the US on Friday said they have started talks to put in place a strategic framework for human space flight by year-end as they plan to send an Indian astronaut to the International Space Station in 2024.
'You have to have commitment to both, but it has to be done at the individual level.'
'... the government provides adequate cash and kind support for the poorest of the poor for survival... ...conditional cash and skilling support for the economically poor to raise their incomes to adequate levels... ...and make functional arrangements for providing unemployment allowance to the vulnerable poor during disasters like the present one.'
The officials said that the recently developed SH-15, a 155 mm truck-mounted howitzer gun, has also been spotted at some places along the Line of Control after it was displayed on Pakistan Day last year.
The Enforcement Directorate on Friday arrested the special secretary of the Chhattisgarh excise department in a money laundering case linked to the alleged Rs 2,000 crore liquor syndicate scam in the state.
The World Bank has asked the government to cut a slew of duties, including entertainment tax on broadband Internet connections in some states, on telecom services.
Ashok Pradhan on Monday took charge as the Minister of State for Telecommunications and Information Technology.
Essar Telecom Retail Ltd will be introducing a pan-Indian network of retail telecom outlets called TheMobileStore, which will offer state-of-the-art technology in telecom solutions besides several value-added services.
State-owned power company PowerGrid Corporation Limited has been awarded the national long distance (NLD) license by the department of telecom for its proposed foray into the telecom business.\n\n
The Internet is too important to let a few private telecom players decide what the rules will be for consumers, says Rajeev Chandrasekhar, independent member of Parliament who was one of the key petitioners seeking the scrapping of Section 66A of the Information Technology Act.
Every defaulter is not a wilful defaulter who has the capability of paying back and is yet not servicing the bank loan, observes Tamal Bandyopadhyay.
Suggests ban in 20 states; operators fear price surge, European monopoly.
The development marks a watershed moment in India's telecom history since fixed-line or landline connections formed the final segment where a State-owned operator was in the top spot.
Punjab-based telecom operator HFCL on Wednesday became the first service provider to offer uniform call rates across all telecom networks and announced that all calls from its service Connect would be local calls.
NavIC consists of a constellation of seven satellites and a network of ground stations and is touted to be more accurate than GPS.
Telecom Minister Ravi Shankar Prasad is learnt to have approached Finance Minister Arun Jaitley for additional funds to carry out schemes committed under Universal Services Obligation fund scheme.
A two-time Congress Member of Parliament from South Mumbai, the 34-year old Deora said there was scope for improvement in the ministry, while emphasising on maximising telecom penetration in the country.
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