Betting big on India, the United States-based telecom technology major Qualcomm Inc on Friday said it would open a research and development centre in the country this year to write software for code division multiple access-based technology.
Analysts remain confident RIL's refining and petrochemical segment will continue to support growth.
India's telecom services would continue to record a strong growth with teledensity more than doubling to 18 per cent in the next five years
The government is set to participate in the business of television ratings that is primarily meant to guide the broadcasters, the media agencies and the advertisers, to determine their programme scheduling, advertising spends and the placement of the advertisements.
Bharti Airtel was awarded for its performance in the South Asian region, the company said. The selection of the company was based on the parameters of growth in mobile subscriber base, EBIDTA margins, market share and Average Revenue per User.
Market breadth turned negative with 1,779 declines over 884 advances on the BSE
Broader market underperformed the headline indices
It was expected that supplies from China will be back to normal by end-June as their factories are now operating at nearly 90 per cent of normal capacity. But the recent issue with shipments has placed an obstacle that manufacturers can't bypass.
Equity benchmark Sensex tumbled 674 points on Friday, weighed by losses in banking stocks as an unabated spike in new coronavirus cases fuelled uncertainty over the economic impact of the pandemic. After hitting a low of 27,500.79 during the day, the 30-share BSE barometer ended 674.36 points or 2.39 per cent lower at 27,590.95. The NSE Nifty shed 170 points, or 2.06 per cent, to finish at 8,083.80.
Government's security concerns about Chinese equipment makers not a deterrent.
The government on Wednesday approved a Rs 7,350-crore scheme to boost production of laptops, tablets, all-in-one PCs and servers in the country, as it sought to woo global and domestic players to take advantage of India's manufacturing prowess. Production worth Rs 3.26 lakh crore and exports of Rs 2.45 lakh crore are estimated over the next four years under the new scheme, which is expected to create 1.80 lakh jobs. Briefing reporters after a meeting of the Cabinet, Communications and IT Minister Ravi Shankar Prasad said the Production Linked Incentive (PLI) scheme has been approved for IT hardware products that would cover laptops, tablets, all-in-one PCs and servers.
Finance Minister Nirmala Sitharaman on Thursday announced a new job creation scheme by giving subsidy to those establishments that make new hires. The subsidy would be to cover for retirement fund contributions by employees as well as employers for two years, she said. Employees contribution (12 per cent of wages) and employer's contribution (12 per cent of wages) totalling 24 per cent of wages would be given to establishments for two years, she said. Under the Aatmanirbhar Bharat Rozgar Yojana, every Employees' Provident Fund Organisation (EPFO)-registered establishment taking new employees would get this subsidy.
"Network quality is the most important consideration for Indians when it comes to selecting a service provider. But the fact is Indians don't really know which service provider has the best network in their circle, all they know or to be more precise are told by the service providers is how much lower their prices are when compared to the competition," it said in a statement.
The Intelligence Bureau and the Research and Analysis Wing are at loggerheads with the Home Ministry for its proposal to allow international roaming for Pakistanis on Indian soil as they believe it will be misused. Vicky Nanjappa reports
According to industry insiders, India has 400 million smartphones and is the world's fastest-growing app market. So the addition or deletion of apps impacts the global valuations of these platforms. "Based on calls given by various local organisations to delete Chinese Apps, there will be an impact," said Blaise Fernandes, director at foreign policy think tank Gateway House. "All of them eventually will go the IPO (initial public offering) route so there would be economic impact also."
'It is in electronics that the gap between where we are and where we need to be is most obvious and most persistent.' 'It is not only a national security issue, but also a commercial issue,' argues Rajeev Srinivasan.
Reliance Mobile will launch BlackBerry Tour smartphone for its CDMA customers priced at Rs 27,990.
The telecom industry is moving towards a five-plus one model.
Trai lowering of roaming tariffs likely to have negligible impact on financials as existing headline tariffs are lower.
Investors booked profits in range-bound trade, led by PSU, oil & gas, energy, infrastructure, telecom, realty, healthcare, bankex, FMCG, capital goods and power counters.
The rally in most of these stocks is partly attributed to impressive financial performance.
The portal - Mobile Financial Portal -- would offer corporate news, announcements, research reports and stock quotes to its customers across all mobile platforms, a company statement said.
The social impact of this could be worse as 300 million subscribers may face the annoyance of network shutdown and churn.
Mumbai police commissioner Param Bir Singh told reporters that a national TV news channel, facing flak over its attack on Mumbai police and Maharashtra government in the Sushant Singh Rajput death case, was also involved in the TRP racket.
Top gainers in the Sensex pack were TCS, Bharti Airtel, Infosys, Axis Bank, L&T, ITC, PowerGrid, HCL Tech and Tata Steel, ending up to 2.39 per cent.
Small and big advertisers are making their presence felt this year far more than they did earlier, bringing a smile to the faces of the tournament's organisers and partners.
Noting that Indian firms face a high risk of mark-to-market losses due to a volatile forex market, a brokerage firm has named telecom major Reliance Communications and auto giant Tata Motors among five blue-chip companies estimated to have suffered the most during 2008-09.
The government is believed to have issued instructions to mobile service providers like Bharti Airtel, Reliance and Vodafone not to route certain Blackberry services unless the required monitoring system was put in place.According to officials in the Department of Telecom (DoT), Blackberry licensor Research-in-Motion (RIM) has sought time till April 18 to address issues raised by it relating to lawful interception of content sent through Blackberry device.
Research-in-Motion, the Canada-based provider of Blackberry services, has assured Indian operators that it has come up with a solution to the contentious issue of allowing government security agencies to monitor the service without compromising data security.
Are we seeing a replay of March 2000? What are the similarities and differences and how worried should we be, asks Akash Prakash.
The mobile subscriber base in India is set to exceed 771 million connections by 2013, growing at a CAGR of 14.3 per cent in the same period from 452 million in 2009, a study by research firm Gartner said.
According to a report by the research arm of Citigroup, although SingTel will have no direct involvement in the Bharti-MTN deal, its holdings in Bharti may reduce due to the increased size of the merged entity. '...SingTel has no direct deal involvement and that the current 30.5 per cent (effective) stake in Bharti dilutes to 19.4 per cent. SingTel likely becomes a smaller shareholder in a larger entity,' the Citigroup report said.
TCS and Infosys were the top losers in the Sensex pack, falling up to 3.39 per cent.
Based on our extensive research, interactions with experts and HR professional, we present the salary outlook for eight sectors across junior, middle and senior levels.
Rahul Gandhi took a dig at PM Modi, saying his 'Digital India' scheme cannot become a "euphemism" for an Internet controlled by large remote corporations.
RIM executives met DoT officials on Thursday to address the security concerns raised by DoT over inaccessibility of the data encryption keys. Intelligence agencies have said the services offered by RIM posed a risk as e-mails sent between BlackBerry smartphone could not be traced or intercepted and the government has written to RIM asking it to set up servers in India.
In what could be a relief to mobile operators and lakhs of subscribers, the government on Friday said the security issue related to Blackberry services would be resolved within a week."Most of the security issues have been resolved to the satisfaction of the security agencies," Telecom Minister A Raja said.
While Rs 37,461.01 crore has been allocated for higher education, Rs 56,386.63 crore has been earmarked for school education.
On the profitability front, Crisil foresees a 0.5 per cent basis points y-o-y jump in EBITDA (operating profit) margins in Q2 FY15.
The government is likely to refer the controversial issue of Blackberry mobile phones to the Telecom Commission to decide whether operators can continue offering this service. The issue of Blackberry was raised after Tata Teleservices recently said they have been denied the permission to offer this value added service by the Ministry of Home Affairs due to security concerns. Telecom operators like Bharti Airtel, Vodafone & Reliance are offering Blackberry services to users.
