Airtel going for preferential equity issue. Who would be the key.

Airtel continues to consolidate and strengthen it’s financial position. Company is holding board meeting on January 28, 2022 to consider a preferential issue of the equity shares. Currently, Airtel’s shareholders include – Mittal family 24.13%, SingTel 31.72% and balance by public. Rumours are that a strategic global investor would be investing into the Company. Last … Read more

India smartphone market logs 169 million units shipment in 2021, highest till date

India’s smartphone market registered its highest-ever shipments at 169 million units in 2021, according to a report by Counterpoint Research. Preliminary data from Counterpoint Research’s Market Monitor service said India’s smartphone shipments crossed 169 million units in 2021 to register 11 per cent year-on-year growth from about 152 million units in 2020. The market showed … Read more

Jio prepays Rs 30,791 crore of deferred spectrum liabilities to DoT

The amount relates to the entire deferred liabilities pertaining to spectrum acquired in auctions of year 2014, 2015, 2016 and the spectrum acquired in year 2021 through trading of right to use with Bharti Airtel Limited. Key points to note: The amount includes accrued interest as well. These liabilities were due in annual instalments from … Read more

Major US airline CEOs warn 5G could ground some planes, wreak havoc

The chief executives of major US passenger and cargo carriers on Monday warned of an impending “catastrophic” aviation crisis on Wednesday when AT&T and Verizon are set to deploy new 5G service. The airlines warned the new C-Band 5G service could potentially make a significant number of widebody aircraft unusable and “could potentially strand tens … Read more

Government slaps Xiaomi with ₹653-crore demand notice

The government on Wednesday said three show-cause notices have been issued to Chinese technology major Xiaomi for the recovery of ₹653 crore duty for a period of about three years from April 1, 2017 to June 30, 2020. “After completion of the investigation by the DRI, three show-cause notices have been issued to M/s Xiaomi … Read more