TV18 Broadcast profit up 84% on lower costs, recovery

TV18 Broadcast, one of India’s top TV broadcasting companies, reported a whopping 84% jump in its net profit for the December quarter. The numbers were boosted by a sharp fall in operating and tax expenses, as well as by a steady recovery in revenue aided by festival spending. The company’s consolidated net profit for the […]

PVR Q3: Revenue starts inching up, rental waiver sought

PVR, the country’s biggest chain of multiplex cinemas by far, indicated that the worst was behind for the company, as customers started trickling back into theaters in November and December. Nevertheless, the pace of recovery continues to be very gradual. For the three months ended December, PVR’s operations generated revenue of Rs 45.40 cr. This […]

Strong demand for fiber broadband powers HFCL Q3

HFCL, one of India’s oldest telecom equipment and services companies, reported strong growth for the three months ended December, riding on burgeoning demand for fiber optic equipment and related services in India. The company’s revenue increased by a whopping 21% compared to the preceding three months ended September 2020, while net profit jumped by 60%. […]

Signal messenger down after heavy rush in India, US & Europe

Signal, the open source messaging platform, has become extremely slow and even unresponsive in several parts of India after a sudden rush of new users looking for a more secure alternative to WhatsApp. Global interest in Signal app has jumped by around 50 times since WhatsApp announced changes to its terms of use last week. […]

Govt delays 5G auction, internet speeds to remain low

In a move that can potentially derail Reliance Jio’s plans to launch 5G services in the second half of this year, Government of India has come up with a plan to auction only 4G spectrum in March this year. The move to exclude 5G airwaves from the auction is likely to further delay the growth […]

Reliance Industries says no plans to enter ‘contract farming’

Reliance Industries, India’s largest private company, today rebutted rumors that the company has purchased agricultural lands on a large scale and that it plans to carry out contract farming to take advantage of the new farming laws. The clarification comes in the wake of a online campaign targeting the company, as well as rival Adani […]

As Jio slows, Airtel becomes India’s No.1 mobile operator again

Five months after first losing its crown as India’s No.1 operator to upstart Reliance Jio, Bharti Airtel has again taken the top spot, aided by three back-to-back months of strong subscriber additions and slowing expansion on Jio’s side. As of October 2020, Bharti Airtel once again recorded the highest number of active mobile users in […]

TataCom buys France-based eSIM maker

Enterprise connectivity provider Tata Communications has acquired a 58.1% stake in France-based embedded SIM technology company for an undisclosed amount in an attempt to boost its portfolio of IoT offerings. Embedded SIMs are used in devices that don’t have enough space for housing a physical SIM, such as smart watches and small, medical devices. Besides […]

Wipro in billion-dollar deal with Germany’s Metro AG

IT and outsourcing major Wipro said it will take over the IT division of Germany-based wholesaler Metro AG in a deal that is expected to generate revenue of over Rs 1,000 cr per year for the Indian company. A total of more than 1,300 IT staff from Germany, Romania and India belonging to the wholesaler […]

5G could spell bonanza for TechM, Wipro, TCS & Infy

A move away from traditional equipment vendors such as Ericsson and Huawei by telecom operators could open up a multi-billion dollar market for the likes of Tech Mahindra, Wipro, HCL Technologies, TCS and Infosys. Traditionally, telecom operators like Bharti Airtel and Vodafone Idea have almost completely outsourced the construction and management of their networks to […]

HFCL starts making FTTH cable at Hyderabad plant

Thanks to the rapid roll-out of fiber broadband services by partner Reliance Jio, telecom player HFCL Ltd has started producing residential broadband-oriented fiber cables at a new facility in Hyderabad. HFCL’s new optical fiber plant in Hyderabad came online in January this year, and on Wednesday, the plant started making smaller size optical cable that […]

ICRA says TV broadcasters improving faster than expected

Credit rating agency ICRA has revised its revenue target for the TV broadcasting sector in India due to a faster than expected bounce-back in advertisement revenue and strong growth in subscription incomes. The ratings company, however, kept its forecast for the print industry unchanged, predicting a decline of 30% for the ongoing financial year. BROADCAST […]

Vodafone Idea tests revolutionary approach to network deployment

Vodafone Idea, the country’s third largest mobile operator, has started deploying a revolutionary new approach to creating its cellular network, but has also encountered several challenges in doing so. The company is experimenting with the so-called ‘open radio access network’ or Open RAN technology, which is a break from the traditional one-box technology promoted by […]

Bharti Infratel becomes Indus Tower on Friday

Bharti Infratel, the tower company spun out of Bharti Airtel, said it will change its name and ticker to Indus Tower on Friday, Dec 18. The name and stock ticker will come into effect on India’s major stock exchanges, including the NSE, on that day. The new ticker will be INDUSTOWER. The merger, originally designed […]

Reliance Jio calls out “grossly inflated” 5G spectrum price

Displaying a united front against high 5G spectrum prices, India’s top wireless operator Reliance Jio has become the latest to came out strongly against government’s proposed 5G spectrum prices. Vishakha Saigal, vice president and head of strategic initiatives, regulatory policy and research at the Mukesh Ambani-led company, said spectrum prices have to be made affordable. […]

Jio Fiber beats ACT; becomes India’s No.1 fiber broadband provider

Reliance Jio, whose entry into wireless telecom decimated the competition, seems to be all set to repeat its performance in the wired broadband space. The company added a whopping 3.03 lakh wired connections and 2.7 lakh fiber broadband connections in the month of September. Before this, the record for the highest number of wired broadband […]

Sun NXT to abandon ad-based strategy?

The management of Chennai-based Sun TV Network seems to have abandoned the earlier ‘hybrid strategy’ for its digital platform and come to the conclusion that an advertising-led model will likely not work in the video-on-demand universe in the longer term. The company’s Sun NXT app has been by far the most aggressive player as far […]

Radhika, Prannoy Roy to appeal SEBI order

Radhika and Prannoy Roy, the couple who started and continue to head India’s oldest dedicated news channel NDTV, have disputed findings by the stock market regulator that they engaged in insider trading and said they will appeal the regulator’s order. On Friday, Securities and Exchange Board of India had issued an order directing them to […]