Apple Inc has rolled out a beta programme to enable 5G on Apple devices as the upgrade lets users try out pre-release software. This software upgrade enables 5G access on Apple devices, as and when service providers Jio, Airtel and Vodafone enable 5G network access, sources said. Apple users have to enrol for the beta programme on the website, install a profile and download the software.
Voice calling will be free on Jio phones for life and post December 31, 10 data plans will be offered
The Board of Control for Cricket in India will choose between Bharti Airtel and Sahara Group on Monday as the new team sponsor, as both are the only firms left in the fray at the end of the deadline for submitting the bids for rights along with the requisite security deposit.
Nine of the 10 most valued firms faced a combined erosion of Rs 1,87,808.26 crore in market valuation last week, with HDFC Bank and Reliance Industries taking the biggest hit amid an overall weak trend in equities. Last week, the BSE benchmark tumbled 1,538.64 points or 2.52 per cent amid concerns that the US Federal Reserve might raise interest rates further to curb inflation. Fresh foreign fund outflows also dented investor sentiments. Barring ITC, all 10 firms, including Tata Consultancy Services (TCS), Infosys, ICICI Bank and Hindustan Unilever, were the laggards.
Total revenue, as per the US accounting rules, rose over one per cent to Rs 9,772.20 crore (Rs 97.72 billion) during the December quarter, from Rs 9,633.4 crore (Rs 96.33 billion) in the corresponding period last year, Bharti Airtel said.
From the Sensex pack, Power Grid, Mahindra & Mahindra, JSW Steel, HCL Technologies, Sun Pharma, Nestle, IndusInd Bank, Reliance Industries, Bharti Airtel and ITC were the major laggards. Tech Mahindra, Wipro, Bajaj Finance, State Bank of India, Bajaj Finserv, Axis Bank, Titan and ICICI Bank were among the major gainers.
The Department of Telecommunications (DOT) on Wednesday received over Rs 17,873 crore from companies towards 5G spectrum dues. Nearly half the amount (Rs 8312.4 crore) was paid by Bharti Airtel, which made advance payments for four years to free up cash for future investments. Reliance Jio and Vodafone Idea paid Rs 7,864 crore and Rs 1,680 crore, respectively.
Investors' wealth fell by Rs 2.89 lakh crore in two days of market fall, with the BSE Sensex tumbling 796 points on Wednesday, amid weak global market trends ahead of the US Federal Reserve's interest rate decision. Fresh foreign fund outflows and caution ahead of a host of interest rate decisions from global central banks also added to the overall bearish trend. Besides, the US Fed meeting, the BoE (Bank of England) and the BoJ (Bank of Japan) are also scheduled to meet this week.
The pack is available for Rs 1,495 for existing users and Rs 1,494 for new users, and effectively brings down 4G data rates to Rs 50 per GB
Benchmark Sensex and Nifty closed at new lifetime high levels on Monday on foreign fund inflows and buying in index majors HDFC Bank and Reliance Industries. The 30-share BSE Sensex jumped 529.03 points or 0.80 per cent to settle at its new all-time closing high of 66,589.93. During the day, it climbed 595.31 points or 0.90 per cent to hit its lifetime intra-day peak of 66,656.20. The NSE Nifty went up by 146.95 points or 0.75 per cent to end at a new record high of 19,711.45.
Bharti Airtel announced on Friday that its customers would be able to avail of 'seamless roaming services' on 3G networks across the world, including Japan and South Korea.
'We have informed the government multiple times that the situation in the US and India are different.' 'Here, there will be a 500 MHz gap in the frequencies which will safely allow aviation without interference.'
Titan, IndusInd Bank, Axis Bank, State Bank of India, Power Grid, NTPC and Tata Motors were among the among the major gainers. Mahindra & Mahindra, Larsen & Toubro, Nestle, JSW Steel, Infosys and Tata Consultancy Services, Tech Mahindra and Maruti were the major laggards.
Standard Chartered, Barclays, Citibank, Deutsche Bank are among investment banks that are involved in the process of facilitating investor meets in Asia, Europe and the United States.
Denial of interconnection "appears to be with ulterior motive to stifle competition and is anti consumer", Trai said.
The government has held back allocating additional spectrum to Bharti Airtel in Orissa, in view of the telecom tribunal's recent judgment that GSM operators have no vested right to get airwaves beyond 6.2 MHz.
From the Sensex pack, NTPC, Tata Motors, Larsen & Toubro, Bajaj Finserv, Bharti Airtel, HDFC Bank, Reliance Industries, Titan, Power Grid and State Bank of India were the major gainers. ITC, UltraTech Cement, Tech Mahindra, Tata Steel, Wipro, Tata Consultancy Services and JSW Steel were among the laggards.
India's leading private sector cellular operator, Airtel is targeting a mobile customer base of 25 million in the next two years, Sunil Bharti Mittal, chairman and group managing director, Bharti Enterprises, said on Wednesday.
The company announced that users of advantage packs, which are based on per minute billing, will have to pay 60 paise per minute for local and STD calls to mobile phones and 90 paise for local and STD calls to landlines.
Equity mutual funds (MFs) deployed maximum in shares of Reliance Industries (RIL) in June at Rs 2,177 crore, followed by Maruti Suzuki (Rs 2,045 crore) and Bharti Airtel (Rs 1,310 crore). Shares of both RIL and Bharti Airtel have been turbulent this month. On July 1, shares of RIL crashed over 7 per cent, following the government imposing windfall taxes on domestic crude oil production and fuel exports.
Bharti Telecom stake in the company has been now been raised to 43.72 per cent, the company said in a BSE filing.
Sun Pharma, Hindustan Unilever, HCL Technologies, Wipro, Tech Mahindra, UltraTech Cement, Tata Steel and Titan were among the other major gainers. Bharti Airtel, Power Grid and NTPC were the laggards.
After their merger Vodafone Group CEO, Vittorio Colao says India is not a Jio market alone. Aditya Birla Group CEO, Kumar Mangalam Birla says Vodafone is dominant in metro cities, while Idea is a big player in urban, semi-urban markets.
From the Sensex pack, Tata Consultancy Services, Reliance Industries, NTPC, Bharti Airtel, Power Grid, Larsen & Toubro, HDFC Bank, Kotak Mahindra Bank, Tech Mahindra and HDFC were the major laggards. Maruti, Tata Motors, Titan, UltraTech Cement, Bajaj Finserv, Mahindra & Mahindra, State Bank of India and IndusInd Bank were the biggest gainers.
Bharti Airtel will be the only Indian service provider to be a part of a consortium of 15 global telecommunication companies that will build the Europe India Gateway cable system at a project cost of $700 million
The 50 million customers span mobile, broadband and fixed telephone services, with wireless segment estimated to be contributing as much as 96 per cent (47.99 million) of the total base.
Billionaire Mukesh Ambani's Reliance Jio is India's strongest telecom brand in India, ahead of Bharti Airtel and Vodafone Idea Ltd, according to brand intelligence and data insights company TRA. TRA, formerly Trust Research Advisory, in its 'India's Most Desired Brands 2022' ranked companies according to their brand strength. Reliance Jio topped the telecom category, followed by Bharti Airtel, Vodafone Idea Ltd and BSNL.
Bharti's results included its new African operations that it acquired in June from Kuwaiti telecom group Zain.
Telkom Kenya has a monopoly on landline services in the country. If an Indian company wins the bid, it will enable the company to enter the country's telecom market, according to news reports in international press.
Benchmark equity indices continued their record-shattering spree on Tuesday, with the Sensex and Nifty hitting their fresh all-time high levels in early trade, amid persistent foreign fund inflows. Also, buying in Bajaj Finance, Bajaj Finserv, Tata Consultancy Services and HDFC twins added to the positive market momentum. Rallying for the fifth straight session, the 30-share BSE Sensex jumped 381.55 points to hit its all-time peak of 65,586.60 in early trade.
Seventeen firms had originally applied for the licence but the figure has since come down to 12, with several big players in the mix.
The country's largest private telecom company, Bharti Airtel, on Friday posted a 13 per cent rise in net profit at Rs 2,321 crore (Rs 23.21 billion) for the second quarter ended September 30, 2009.
The Central Bureau of Investigation on Saturday carried out searches at the Vodafone office in Mumbai and Airtel office in Gurgaon after registering a case against ex-Telecom Secretary Shyamal Ghosh and the two telecom service providers for alleged irregularities in spectrum allocation during tenure of Pramod Mahajan as Telecom Minister.
At a time when exchange-traded funds (ETFs) were unloading Jio Financial Services from their portfolios, some active fund managers were placing large bets on the demerged financial services arm of Reliance Industries Ltd (RIL), a report by Nuvama Alternative & Quantitative Research shows. Motilal Oswal Mutual Fund and Quant Mutual Fund were the top MF buyers of the stock in August. They bought around 60 million shares each, together investing around Rs 2,800 crore.
From the Sensex pack, Reliance Industries fell the most by 2 per cent. Tata Steel, Bajaj Finserv, ITC, NTPC, Bharti Airtel, Tech Mahindra, Titan, Axis Bank and Bajaj Finance were among the other major laggards.
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