These losses increase insurance premiums for customers and reduce insurer margins on the other.
The stock of Bharti Airtel, India's largest listed telecommunications (telecom) services provider, recently hit an all-time high on expectations of higher average revenue per user (Arpu), a stable market setup, and fresh revenue lines.
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.
Telecom firm Bharti Airtel will approach the government on the adjusted gross revenue (AGR) it has to pay the exchequer following the Supreme Court's judgment that the government can reassess all AGR dues, according to vice-chairman and managing director Gopal Vittal.
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.
Reliance holds 67.03% of Jio Platforms Limited and the public listing would provide an exit to many investors.
Salah got 48% of the vote, ahead of Manchester City's Kevin De Bruyne
India's biggest telecom players, Bharti Airtel and Reliance Industries-backed Jio Platforms, will soon bring billionaire Elon Musk-led SpaceX's Starlink satellite services to India. According to analysts, the move could boost India's tele density, especially in the rural areas, and may be an opportunity for investors to add the two stocks on dips for long-term gains
Thierry Henry was voted Footballer of the Year for the third time in four years by the Football Writers' Association
Bharti Airtel is expected to see its highest revenue growth, and subscriber addition during the third quarter (October-December) of FY25 among telcos, said analysts. The telco's top line in Q3 may see the fastest sequential growth at 5 per cent compared to 3 per cent for Reliance Jio and Vodafone Idea (Vi). Airtel's annual mobile revenue growth would rise to 16 per cent, IIFL Capital said in an analyst note.
Telecom operator Bharti Airtel reported more than 2.5 times jump in its consolidated profit to Rs 4,160 crore in the April-June quarter of 2024-25 compared to the year-ago period driven by an improvement in average revenue per user and an exceptional gain of Rs 735 crore. The company had posted a profit of Rs 1,612.5 crore in the same period a year ago. The consolidated revenue from operations of Bharti Airtel increased by 2.8 per cent to Rs 38,506.4 crore during the reported quarter from Rs 37,440 crore in the June quarter of the last year.
After subdued earnings in the first half amid global headwinds, India Inc is taking a cautious approach on their capital expenditure (capex) for the second half of the financial year ending March 2025, according to management commentary. Minutes from the October monetary policy meeting show the Reserve Bank of India's (RBI's) optimism about private investments picking up.
Most telcos say the speed will surpass fixed broadband as the 5G roll out, which is currently on 360,000 towers, crosses 400,000.
Reliance Jio's aggressive target to reach 100 million households through the launch of the 5G fixed wireless access (FWA) could make it one of the world's largest players in this space. But this also marks a change from its earlier strategy of offering fibre-to-the home (FTTH) broadband to households. Despite its best efforts, in two years Jio has been able to connect only 7 million households with FTTH, as permission for right of way for the last mile became a major impediment and the process of laying ducts for the roll-out was slow and cumbersome.
The launch of 5G services in India turbocharged mobile download speeds here, pushing the country's ranking 72 notches higher to 47th spot in Speedtest Global Index, ahead of nations like Japan, the UK and Brazil, according to Ookla. India's speed performance has zoomed up 3.59 times since the introduction of 5G, it said dubbing the country's 5G advancement as "remarkable". In this global pecking order, India ranked not only ahead of its neighbours like Bangladesh, Sri Lanka, and Pakistan, but also some G20 countries, such as Mexico (90th), Turkey (68th), the UK (62nd), Japan (58th), Brazil (50th place), and South Africa (48th place).
Liverpool's Egyptian forward Mohamed Salah has been voted Player of the Year by the Football Writers' Association (FWA) to complete the double of English soccer's major individual awards.
Brazilian soccer great Pele has collapsed with exhaustion and been forced to cancel a long-planned trip to London this weekend, the Football Writers Association (FWA) said on Friday.
Liverpool's English Premier League title winning captain Jordan Henderson was named England's Footballer of the Year on Friday in the annual vote of the Football Writers' Association (FWA).
Chelsea midfielder N'Golo Kante has been named Player of the Year by the Football Writers Association(FWA) on Monday, adding to his list of accolades this season, including the PFA Player of the Year award.
News of all that's transpired on and off the football field
Reliance Jio may not ask for a premium for its 5G services in the initial stages of the launch, according to sources in the company. The company will roll out 5G commercial services in four cities -Delhi, Mumbai, Chennai, and Kolkata - around Diwali this month and slowly ramp up the processes for other cities, too. A senior executive, when asked whether Jio will charge higher tariffs for 5G against 4G, said: "In the initial stages, customers have to adopt 5G, then they will have to find value in the service, and then one can look at monetisation."
Liverpool captain Steven Gerrard was named England's Footballer of the Year on Wednesday by the Football Writers' Association (FWA).
'By the end of 2022, we expect the installed base of 5G smartphones in India to reach 80-85 million.'
The Portugal winger finished ahead of Didier Drogba of Chelsea and United team mates Ryan Giggs and Paul Scholes in the 60th vote organised by the Football Writers' Association (FWA).
Leicester City striker Jamie Vardy has been voted Footballer of the Year by the Football Writers' Association (FWA).
Heavy rainfall is expected at isolated places in north Lakshadweep during the next 12 hours.
Manchester Utd's Fred receives racist abuse after defeat by Liverpool.
But the question here is, is Bale's price worth his talent? Will he survive the demanding, highly technical game at the La Liga? We ask you, dear readers, to tell us if Bale IS really worth 86 million pounds? Share your thoughts!
'This may seem like a lyrical lamenting of a writer, but it is the sad reality in and outside the industry. In films, nine out of 10 times the writer's name is not mentioned in posters, publicity or even reviews.' Screenwriter Anjum Rajabali and actress-writer Preeti Mamgain hope to make way for Bollywood's writers.
The filmmaker has been instructed to pay Rs 10 lakh as renumeration and damages.
Manchester United striker Wayne Rooney claimed his second award of a remarkable season on Friday when he was named Player of the Year for the first time by the Football Writers Association.
Leicester City's England striker Jamie Vardy has been named Premier League Player of the Season after his pivotal role in the club's remarkable title-winning campaign.
Talking points from this weekend's Premier League action as top two Manchester City and Liverpool both won with City remaining a point clear with two games remaining.
Hazard collected 53 percent of the vote making him a comfortable winner, while he and Terry's Chelsea team mates Cesc Fabregas, Branislav Ivanovic and goalkeeper Thibaut Courtois also featured in the top 10.
The owners of English soccer champions Leicester City say they will resist attempts by more glamorous rivals to lure away their title-winning players, after an unlikely triumph that has captured the imagination of fans worldwide. Duty-free magnate Vichai Srivaddhanaprabha became the first Thai owner of an English Premier League title-winning team on Monday night, when the only club capable of catching them, Tottenham Hotspur, were held to a 2-2 draw by Chelsea. Leicester's journey from 5,000-1 outsiders to English champions has captivated soccer lovers everywhere, but also prompted predictions that the team could be broken up in the off-season as bigger clubs look to poach their best players. "We are not the team that will sell players for money," said Aiyawatt Srivaddhanaprabha, the club's vice chairman and Vichai's son, in comments reported by Thai website Manager. "So, I can confirm that we will keep all major players with the team, such as Jamie Vardy, Riyad Mahrez, N'Golo Kante or Kasper Schmeichel."
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