India requires more of fiber network to increase bandwith delivery and better internet speed to the people, TRAI Chairman R.S. Sharma said.
China Mobile, the world’s biggest mobile phone operator by subscribers, posted a 5 percent rise in annual net profit, fueled by growth in 4G subscribers.
German online retailer Home24, which wants to challenge IKEA’s dominance of the European furniture market, accelerated sales and trimmed its losses in Q4.
Indonesia has asked telecoms providers to shut down internet in its holiday island of Bali, to respect the predominantly Hindu island’s New Year “day of silence”.
Facebook has introduced video chat in Messenger Lite for Android intended for people with older devices and/or slower Internet connections.
Haptik, an AI-based chatbot platform, announced that it has partnered with Cloud major Amazon Web Services (AWS) to offer solutions to customers in India.
The Department of Telecom has started harmonising spectrum in 3,500 megahertz band and 26 Gigahertz band along with E and V band, she said.
The telecoms world is gearing up for 5G technology that link up anything with an internet connection at far greater speeds.
Music streaming service Gaana said it will raise $115 million from Times Internet and China’s Tencent Holdings Ltd.
Music streaming service Gaana said it will raise USD 115 million (about Rs 750 cr) from Chinese internet giant Tencent and Times Internet in its latest round of funding.
Acquires Cynosure Inc and Cynosure Interface Solutions for $31mn and Rs13cr respectively
To add platform capabilities in the insurance segment which contributes 15% of total business
The Acquisition is expected to close within the next 3 months
Sells Essar Steel loan to Deutsche Bank
Has sold its $385 mn Foreign currency loan extended to Essar Steel
Bank has taken a 38% haircut
Rs 1600 cr is expected earnings to the bank from the deal
Economic Times Reports
To Sell 50% stake in prime Mumbai office assets to Blackstone for $1.3bn
The co is also in discussions to sell its residential and commercial projects in Chennai
To convene shareholder’s meet on 23rd March in regard to the proposed divestment
Gets Order Worth Rs 230 Cr From NTPC
To perform the pressure part metallurgy upgradation for 3 660MW super critical steam generators
Will help NTPC commission the 3x 660MW plant started 12years
Declared L1 bidder for EPC Project in UP worth Rs 677cr from NHAI
The completion period for the project is 30 months