Apple rings in 35% growth in India sales to clock Rs 67,000 crore

Apple Inc is poised to report a 35 per cent year-on-year surge in its India revenue at nearly Rs 67,000 crore (a little over $8 billion) for 2023-24, according to people in the know. The official financial filing is anticipated to be submitted by September-October to the Registrar of Companies (RoC) by the Cupertino-based tech … Read more

Vodafone Plc sells 18% stake of Indus Towers

British telecom major has sold stake through block deals. It has raised Rs 15,300 from the stake sale Vodafone Plc’s stake in Indus Towers has consequently decreased from 21.5% to 3.1%. Bharti Airtel has also announced acquiring additional 1% stake from market, increasing it’s stake in the Company to around 49%. Proceeds from the sale … Read more

VIL’s mega FPO subscribed 6.36x

In pursuant to the new fund raising plan approved by Vodafone Idea’s (VIL) Board in February 2024, the Company launched a mega follow-on public offer (FPO) of Rs 18,000 cr. The FPO was offered in the price band of Rs 10 to Rs 11 and was open from April 18 to April 22. The Company … Read more

Jio Brain: Integrating AI into Telecom Network – Jio Platforms |

Jio Platforms, a subsidiary of Reliance Industries that helps operators to evolve to new 5G capabilities, has created an AI platform, Jio Brain, that integrates machine learning (ML) capabilities in a telecom operator’s network, enterprise network, or any industry-specific IT environment without the need for an exhaustive network/IT transformation. According to a LinkedIn post by … Read more

Telecom gear makers push for more incentives

Indian telecom equipment makers have asked the government to provide incentives for increasing value addition in manufacturing to reduce their dependence on imports, even as some companies have begun making fixed wireless access equipment that will be in high demand in India and other global markets. In a meeting with senior ministry officials last week, … Read more

Jio Satellite only one with 1 Gbps connectivity; Sunil Mittal’s OneWeb should not underestimate us: Reliance Jio top exec

Bharti Group-backed OneWeb vs Jio’s satellite services: A senior executive from Reliance Jio has cautioned that OneWeb, backed by the Bharti Group, should not underestimate the competition posed by Jio’s satellite services. Jio has already established a gateway and demonstrated a 1 Gbps broadband connectivity, a feat that might not be easily matched by competitors … Read more

Reliance AGM today: What to expect

The 46th Annual General Meeting (AGM) of Reliance Industries Limited (RIL) is being held on Monday. The RIL AGM is a major event for the Indian business community. The announcements made at the meeting could have a significant impact on the Indian economy. Investors are therefore eagerly awaiting the meeting to hear what Mukesh Ambani … Read more