The BSE Sensex has been one of the top-performing areas of investment in the past 40 years, consistently delivering double-digit returns in rupee terms, beating assets such as global equities, precious metals, and fixed income.
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.
This is the first time the world's largest mobile operator in terms of the number of subscribers has expressed an interest in India. Chairman and CEO Wang Jianzhou declined to comment on whether they were already in talks with any Indian operator. He however said the approach would be cautious since the domestic market still presented huge potential for growth.
In February, Wang Jianzhou, China Mobile's chairman and CEO, told Business Standard at the Mobile World Congress in Barcelona that the company was keen to expand to India. China Mobile has over 450 million subscribers. RCom, which offers CDMA mobile telecom services and started GSM services a few months ago, has over 70 million customers. An RCom spokesperson declined to comment and an email query to China Mobile was unanswered.
Coming to the valuation parameters of both the companies, at first glance, Bharti Tele's valuations look much more expensive than its counterpart China Mobile.
Vodafone on Wednesday said it will offload its entire 3.2 per cent shareholding in China Mobile, a divestment that will fetch the British telecom major about 4.3 billion pounds.
This move is seen as part of efforts to strengthen China's ties with Pakistan and safeguard Chinese investments in Pakistan-occupied Kashmir, particularly related to the China-Pakistan Economic Corridor.
This move gives Airtel and Chinese major immense benefits.
During the first four months, mobile phone users saw a net increase of nearly 43.8 million, data of the Ministry of Industry and Information Technology in Beijing said.
The number of mobile phone subscribers in China hit a record 416 million at the end of April, the Ministry of Information Industry said in Beijing.
A consortium led by Delhi-based Vavasi group has sent feelers to China Mobile, the world's largest telecom company, for a possible joint bid for Zain Telecom, adding another element of complexity to the battle for the Kuwait-based company that involves India's two state-owned telecom service providers.
He took a swipe at former Congress president Rahul Gandhi over his remark during a rally in MP on Monday that mobile phones in the people's pockets were "Made in China" and they should rather be "Made in Madhya Pradesh".
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.
Dixon Technologies right now is a beehive of activity. It is building a new facility in Noida to make 1.3 million laptops for Taiwanese PC maker Acer. The facility must be up and running in four months. The pace of activity will only increase. Last week Dixon won a similar contract from Lenovo, the Chinese personal computer maker and the third largest information technology (IT) hardware brand in India, to assemble laptops and notebooks. Though the clientele in these two cases is Taiwanese and Chinese, Dixon is a company reaching for the stars with its feet planted firmly in the Indian government's policy.
About 7.12 million Internet-capable smart phones were infected with malicious programs in 2011 and the number has been increasing rapidly.
China's information industry boomed in 2004 with the number of mobile phone users reaching 334 million and Internet subscribers touching 95 million, ministry of information industry has said.
LIC's $2.7-billion initial public offering (IPO) shall be the fifth-biggest globally in CY22. South Korean EV battery maker LG Energy Solution holds the record for the year's largest IPO at $10.8 billion, while Chinese mobile communications provider China Mobile IPO, which raised $8.6 billion, comes second. Dubai Electricity and Water Authority's (DEWA's) $6.1-billion IPO in March is currently the third biggest public offering for the year, followed by China National Offshore Oil Corporation's (CNOOC's) IPO; the firm had raised $5.1 billion by issuing shares in Mainland China after delisting from the American bourses.
China dominates the world of mobile telecommunications with the largest subscriber base.
The executive order, which was signed by Trump on Thursday, prohibits certain purchases involving publicly traded securities or any securities that are derivative of or are designed to provide investment exposure to such securities of any Communist Chinese military company.
Says spending $3 billion every year on networks alone
Chinese people sent about 12 billion SMS to greet their countrymen during the Lunar New Year or Spring Festival, raking in nearly $157 million for the service providers.
Telecommunication is one of the fastest-growing industries in the world.
The phone is lighter than Lumia 920 and will hit the market in June.
Vodafone Essar on Thursday said it has crossed the 100-million subscriber mark in India, becoming the third mobile operator in the country to do so after rivals Bharti Airtel and Reliance communications.
His comments come little over a week after Vodafone sold its entire 3.2 per cent shareholding in China Mobile Ltd for about 4.3 billion pounds.
Also, the combination of a new entrant and new technology is not necessarily good.
The Indian arm of global FMCG major Unilever, Hindustan Unilever, was ranked at the fourth spot, Aditya Birla Group was at the sixth spot, Infosys Tech was ranked eighth and another IT major Wipro cornered the 10th slot.
Mobiles phones without International Mobile Equipment Identity number are considered a grave security threat and concerns had been raised over their usage after terrorist attacks like the one in Mumbai in November last year. Despite the security threat, no government agency has till now approached the commerce ministry for a ban on import of such phones from China, a top source said on Thursday.
The Indian Oil Corporation remains the only Indian firm in the Fortune 500 list of global majors and has improved its rank to 191 this year, from 226 the previous year.
Patent fees will likely squeeze margins, and in turn the company's valuation.
Airtel already offers services in Sri Lanka, Bangladesh and 17 African countries apart from India.
Sunil Mittal-led Bharti Airtel has become the world's third largest mobile operator with 303 million subscribers.
To outgoing Vodafone CEO Vittorio Colao, negotiating big deals was an art form, as an international report pointed out after the $130-billion sale of Vodafone's 45 per cent stake in Verizon Wireless, says Nivedita Mookerji.
While moving towards the new technology is compelling and inevitable, powering 5G would also mean massive initial investments for telcos, says Surajeet Das Gupta.
'India missed the software products revolution (and now is in danger of missing the platform revolution), complacent that we are the software experts of the world based on IT services prowess,' points out Rajeev Srinivasan.
According to the CEO of an Indian group with presence in the telecom segment and two merchant bankers, the Mexico-headquartered telco's bankers have been sounded out for preliminary discussions with leading Indian telecom companies for a strategic tie-up.
Apple Inc CEO Tim Cook earned roughly the same in 2013 as in 2012, but lost part of his performance-based stock award during a year in which intense competition and margin pressure bludgeoned the iPhone maker's stock.
World's second largest mobile operator Vodafone Plc of UK on Tuesday sought FIPB approval to invest Rs 10,141 crore (Rs 101.41 billion) in raising its stake in the Indian arm to 100 per cent.
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