Have you read these stories?

No better time to bet on India than now, says billionaire Adani

Countries with more resources have struggled while India has done well in containing the fallout, he said.

india mobile towers

07 June, 2020, 02:53 PM IST



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 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.

    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 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.

    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

    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.

    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.

    “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.

    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.

    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.

    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.

    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.

    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.

Load More...

Other useful Links

Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service