Need fiber network to raise bandwith, internet speed: TRAI Chairman

Mar 22 2018

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 2017 net profit up 5% on boost from 4G subscriber

Mar 22 2018

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.

Ikea rival Home24 trims losses as it eyes listing​

Mar 19 2018

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's island of Bali to curb internet use over Hindu holiday

Mar 15 2018

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 introduces video chat to Messenger Lite for Android

Mar 08 2018

Facebook has introduced video chat in Messenger Lite for Android intended for people with older devices and/or slower Internet connections.

Haptik to use AWS AI portfolio to offer chatbot solutions

Mar 07 2018

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.

Govt harmonising spectrum for 5G: Telecom Secretary

Mar 04 2018

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.

Fast 5G beckons, but still far off for most mobile users

Mar 03 2018

The telecoms world is gearing up for 5G technology that link up anything with an internet connection at far greater speeds.

Gaana to raise $115 million from Tencent, Times Internet

Feb 28 2018

Music streaming service Gaana said it will raise $115 million from Times Internet and China’s Tencent Holdings Ltd.

Gaana to raise USD 115 mn from Tencent, Times Internet

Feb 27 2018

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.

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Global Markets


Stocks In News



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

Mint Reports


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

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