INDIA MOBILE TOWERS
Over half of Indian companies expect negative biz impact in next 6 months: Survey
The Willis Towers Watson survey showed 46% of the organisations expect this to last over a 12-month period, while 19% expect such an adverse impact to last over a two-year period. Only 5% of organisations expect a positive business impact within the next 12 to 24 months.
Offline phone retailers approach home ministry to restart shops
“We recommend allowing all physical shops dealing on sales, repair and servic...
More than half of Indian companies expect moderate impact of COVID-19 on business: Survey
Willis Towers Watson said a total of 103 organisati...
Bharti Infratel's Board to meet on Monday to decide future of Indus Towers merger
Bharti Infratel said Saturday it has received foreign direct investment (FDI) approval from the telecom department for its big-ticket merger deal with Indus Towers, paving the way for creating one of the world’s biggest telecom tower companies with over 1,63,000 towers.
Mobile handsets & components under Make in India to get special push in Budget
At the meeting where the PM was most candid asking for real time suggestions to boost growth, he was informed that electronics manufacturing, especially handsets and components, had a good chance of becoming India's largest exports within the next five years.
Reliance Jio likely to bag Reliance Infra's mobile tower, optical fibre for Rs 3,600 crore
Reliance Communications, which is undergoing insolvency proceedings, has put all its assets for sale, which include spectrum holding of 122 MHz that the company before insolvency proceedings estimated to be around Rs 14,000 crore, tower business worth Rs 7,000 crore, optical fibre network worth Rs 3,000 crore and data centres worth Rs 4,000 crore.
Bharti Infratel may again extend deadline for Indus Towers deal
Insiders said the companies have still not received the requisite foreign direct investment (FDI) approval for the deal from the Department of Telecommunications (DoT). The telecom department is learnt to have held in abeyance the FDI nod to the mega towers merger due to an unresolved Rs 22,000 crore withholding tax dispute
CCI approves Reliance's divestment of Jio tower assets
The proposed transaction involves the acquisition of indirect control of RJIPL by Jarvis, the Competition Commission of India (CCI) noted in a combination notice filed with it. Tower Infrastructure Trust, an InvIT, currently holds 51 per cent of the outstanding equity share capital of RJIPL. Current Sponsor of the InvIT is RIIHL.
34 lakh transactions effected via Post Office Savings Bank, 6.5 lakh through IPPB during lockdown
The Department of Posts is also moving ventilators, COVID-19 Test Kits and other medical equipments as per requests of various organisations from selected locations to destinations across the country by using cargo airlines and its own mail motor network. The routes of these mobile post offices are decided depending upon requirements, the statement said.
Handset companies hike prices of mobile phones on high GST
“The rupee has depreciated significantly against the US dollar. Since we maintain less than 5% profit margin for all our hardware products, we have no option other than to increase prices,” Manu Jain, India head at Xiaomi, India’s leading handset maker, said in a note to customers.
Samsung to set up India’s 1st mobile display plant
The South Korean company is investing more than Rs 3,500 crore in this facility in Noida, as per a regulatory filing with the Registrar of Companies (RoC). It could later be expanded to manufacture displays of other devices as well.
Rs 42,000 crore booster from government for India's local mobile manufacturing
According to a report in the Times of India, the production-linked incentive scheme will benefit high end mobile manufacturers and domestic makers the most. The scheme will help in boosting local production of mobile phones and wean away Indian manufacturers from their dependence on China.
Covid-19 impact: TV, mobile consumption witness major spike
While the daily total time spent per viewer also jumped from 3 hour 46 minutes in January to 3 hours 51 minutes each in week under consideration. The increase in TV viewership was driven by kids (20%) after schools were shut down and kids could even venture out due to restrictions in place.
Covid-19 Impact: Handset cos cut store hands
Handset companies in India have started reducing their retail store workforce, or in-store promoters, in the absence of sales during the ongoing nationwide lockdown, while Xiaomi and some large-format and multi-brand retailers have sought rent waivers for at least three months.
HPCL sets up first electric vehicle charging station in Gujarat's Vadodara
The EV stops will be equipped to charge two, three, and four-wheeler vehicles. With the installation of public charging stations, the range anxiety of EV owners is expected to reduce, which will increase the adoption of electric mobility. Increased access to charging infrastructure is vital for the uptake of electric mobility across the entire EV ecosystem Misri said.
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