Telecom consumer base in the country dipped to around 116.36 crore in May but service providers were able to narrow the loss of subscriber base to 57.6 lakh as compared to the previous month, according to data released by the sector regulator Trai on Wednesday. The telecom subscriber base had declined 85.3 lakh in April, … Read more
Microsoft is back to selling smartphones for the first time since it abandoned its mobile business more than four years ago. The company began taking orders Wednesday for the Surface Duo, a new dual-screen Android device that costs USD 1,399 and begins shipping in September. The high-priced gadget is designed to impress, but is also … Read more
Billionaire Mukesh Ambani‘s oil-to-telecom conglomerate Reliance Industries has been ranked second biggest brand after Apple on the FutureBrand Index 2020. “This year’s highest entrant at number two, Reliance Industries excels on every attribute,” FutureBrand said, releasing its 2020 Index. One of the most profitable companies in India, Reliance is, “very well respected” and “seen as … Read more
Reliance Industries, India’s most valuable company, will hold its first online AGM on Wednesday and it promises to be a much bigger affair with a brand-new virtual platform that can log more than 1 lakh shareholders from 500 locations simultaneously. Reliance had so far held all in its annual general meeting (AGM) physically with shareholders … Read more
In what could be a big thing for mobile processors, Qualcomm today announced the Snapdragon 865+ chipset. While the chipset doesn’t make big changes to existing technologies, it is the first time a mobile chipset is capable of over 3GHz frequencies. It’s important advertisement for Advanced RISC Machine (ARM), which creates the architectures for almost … Read more
The famed investor’s conglomerate held 245 million shares in the tech titan at last count, making it Apple’s second-largest shareholder with about 5.5% ownership of the company’s public stock. Apple stock has jumped 24% this year to close at an all-time high of $374 on Monday, meaning Berkshire has scored an $18 billion gain on … Read more
The bankrupt satellite firm whose investors include SoftBank Group Corp., people with knowledge of the matter said. An arm of Mittal’s Bharti Enterprises Ltd. conglomerate made an offer for London-based OneWeb with backing from the U.K. government, according to the people, who asked not to be identified because the information is private. The U.K. government … Read more
That could either have meant that Jio Platforms would raise about $5.7 billion more, or sell another 10% stake. But as it turns out, the company has ended up selling an additional 12.4% stake already to global investors, and has raised $8 billion more. At the rate Jio Platforms is signing up investments—$1.3 billion per … Read more
