Reliance has reported a strong fourth quarter beat in profitability as the bottom line rose 2% year-on-year (YoY) to Rs 19,407 crore. The Street was expecting the profit to be around Rs 18,471 crore. Revenue from operations too surged 10% YoY to Rs 2.64 lakh crore. The growth was driven by telecom and retail businesses, … Read more
In a strong sign of revived foreign investor sentiment, overseas investors purchased Indian equities worth Rs 31,877 crore across sectors during the second half of March 2025, according to data compiled by the ET Bureau from NSDL. This rebound came after weeks of volatility and cautious positioning by global funds amid macroeconomic uncertainties. The RBI’s … Read more
Indian tech firms capitalise on policy changes to localize hardware and software, with CloudPhotonix and DigiBoxx leading the charge. File | Photo Credit: The Hindu From data centres to telecom equipment, Indian firms are capitalising on key policy developments to indigenise the Indian tech stack, from both a hardware and software point of view. The … Read more
Buying activity from the foreign portfolio investors (FPI) returned in March with equity purchases worth Rs 40,710 crore taking place as on March 15. This comes after a lackluster first two months where FPIs bought shares worth Rs 1,539 crore while remaining net sellers in January at 25,744 crore. With this WPIs are net buyers … Read more
File | Photo Credit: Getty Images The Department of Telecommunications (DoT) has deactivated more than 2.25 lakh mobile phone numbers in Bihar and Jharkhand in the month of April as majority of the SIM cards were allegedly procured through forged documents. The Telecom Service Providers have also blacklisted 517 Point of Sales (PoS) who have … Read more
Emirates Telecommunications Group Company PJSC, now known as e&, has acquired a 9.8% stake in Vodafone for $4.4 billion, it said on Saturday. The move comes days after e& said it was looking to expand into new markets in Africa, Europe and Asia and in areas outside telecoms such as financial technology as its seeks … Read more
The government on Thursday introduced a bill in the Lok Sabha seeking to bury retrospective tax demands it had made on companies such as Cairn Energy Plc and Vodafone Group of UK. Finance Minister Nirmala Sitharaman introduced The Taxation Laws (Amendment) Bill, 2021 in the Lok Sabha which seeks to withdraw tax demands made on … Read more
People in Maharashtra may face problems in telecom connectivity if a lockdown is imposed in the state due to infrastructure companies facing inconvenience from local authorities in rolling out and maintaining networks, industry body TAIPA said on Thursday. Maharashtra has seen a sudden spike in COVID-19 cases and there were 31,855 fresh cases recorded in … Read more
New Delhi: Top telecom industry leaders have called for a floor price and sharp reductions in telecom levies and airwave costs to restore the financial health of the debt-laden telecom sector. Speaking at the ET Telecom Digital Telco Virtual Summit 2020 on Friday, these executives also called on the regulator to ensure there is no … Read more
Telecom Regulatory Authority of India (Trai) chairman RS Sharma has backed India’s older operators Bharti Airtel and Vodafone Idea, saying 2G technology is still popular, especially in the farflung and rural areas of the country. Speaking to Muntazir Abbas, Sharma said the government should promote local manufacturing of telecom equipment, especially due to strategic interest. … Read more