NETWORK COVERAGE
Vodafone Idea adds spectrum capacity in Punjab and Haryana circles
Vodafone Idea (Vi) will enhance networks in Punjab and Haryana using L900 and L2100 spectrum, improving coverage in cities like Ludhiana and Amritsar. Rs 18,000 crore was raised prioritizing these areas.
Insurance brokers may join govt efforts to expand Fasal Bima coverage
The government plans to involve insurance brokers in PMFBY to reach non-loanee farmers. This initiative aims to enhance enrollment and increase awareness for wider coverage and better penetration of the scheme.
Is NBC building an AI Michaels clone for Paris Olympics 2024 coverage?
In an interesting turn of events, NBC going for a full-time presenter for its Olympic 2024 announcements, is instead opting for iconic sports presenter AI Michaels' clone who will be announcing various details and daily recaps of the Paris Games.
JM Financial initiates coverage on MapmyIndia, sees upside potential of 28%
MapmyIndia, backed by JM Financial, aims for substantial revenue growth driven by new geospatial policies and diverse revenue streams.
Buoyed by ₹18,000 crore fund-raise, Vi beefs up 4G coverage, network in UP, Uttarakhand
The company plans to add a 900 MHz band layer, which will significantly enhance indoor network experience for its customers in the two circles. “The deployment of L900 coverage will be beneficial in urban areas with dense building infrastructure, as well as suburban and rural areas where signal penetration is a challenge,” Vi said in a statement Thursday.
Willow by Cricbuzz strikes deal with YES Network for MLC matches
The YES Network has partnered with Willow by Cricbuzz to broadcast seven Major League Cricket matches featuring defending champion MI New York on YES television and app, as well as Willow's TV network and streaming platform. The move aims to capitalise on the growing cricket interest in the U.S. The broadcast will start with the July 5 season-opener between MI New York and Seattle Orcas.
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Japan Airlines and IndiGo Agree on Codeshare Partnership; enables JAL to expand reach to 14 IndiGo destinations in India
Japan Airlines (JAL) and IndiGo announced a codeshare partnership benefiting customers with more travel options between Japan and India.
Legacy issues behind us, PNB on right path to outperform its competition: MD Atul Kumar Goel
PNB, led by Atul Kumar Goel, achieved a 229% profit growth to Rs 8,245 crore in FY24. Initiatives like reducing NPAs, improving ROA, and expanding branches contribute to the bank's success.
DoT mulls using drones, balloons for 5G connectivity in emergencies
The Department of Telecommunications (DoT) is considering using drones and tethered balloons to restore 5G connectivity during emergencies and natural disasters. Trials are likely to be conducted soon to test this initiative, with a decision expected by June next year. This approach aims to provide temporary 5G networks during disasters, offering connectivity in remote locations or when normal telecom services are disrupted. The government believes this method is more convenient than setting up new mobile sites and can utilize existing spectrum and power supply backups.
DoT dials cops to stop network gear theft
The Department of Telecommunications (DoT) has issued a directive to tackle rampant theft of critical network gear causing Rs 800 crore losses for telcos, disrupting 4G/5G expansions and affecting mobile coverage quality.
Airtel likely to be biggest 5G spectrum buyer in June 6 sale: Analysts
Bharti Airtel is expected to increase its sub-GHz airwave holdings in the 900 MHz band across multiple circles in the upcoming spectrum auction, potentially becoming the top buyer despite Reliance Jio submitting the highest earnest money deposit (EMD). Airtel aims to bolster its rural mobile broadband coverage by enhancing its low-band airwaves arsenal. While Jio leads in sub-GHz spectrum holdings, Airtel's recent focus on rural expansion and improved financial position suggests significant investments in 900 MHz spectrum across 12 circles.
Vodafone Idea may find it tough to raise tariffs after polls, say analysts
Vodafone Idea faces challenges in increasing ARPU through tariff hikes post-election, as price-sensitive customers resist. 42% of Vi users may downgrade or close secondary SIMs due to upcoming higher tariffs. Vi seeks to upgrade 2G to 4G, double Ebitda by 2025. Vi has been securing funds for 4G expansion and potential 5G rollout.
Best 5G Mobile Phones in India - 2024
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Voda Idea says it’s in talks with Ericsson and other network vendors for buying 5G gear, shares jump 12% on BSE
Earlier this week, Ericsson India MD Nitin Bansal had told ET that the Swedish gear maker is hopeful of getting some 4G/5G deals from Vi soon, especially after the beleaguered telco recently raised over Rs 20,000 crore via the equity route.
ICICI Securities initiates coverage on Bharti Hexacom, calls it the ‘little giant’
The brokerage has set a target price of Rs 1,075 for the stock. Bharti Airtel continues to be its chosen pick. ICICI Securities has assigned a 15% premium to Bharti India’s valuations. It stands by its hypothesis of ‘small, but beautiful’ for BHL.
Ericsson mulls telecom equipment export from India in future; expects 5G use cases to emerge locally
Ericsson India Managing Director Nitin Bansal, at a company's event to showcase 5G technology, said the company is actively engaging with academia, partners, and ecosystem players to develop relevant India-specific use cases.
Manchester City, Arsenal aim for Premier League title - Time, date, where to watch final day matches live?
Manchester City, and Arsenal are looking to win Premier League title on the last day of Premier League season. Manchester United and Chelsea are aiming to salvage pride.
Vi mulls rolling out 5G on large scale in 6 months, plans up to Rs 55,000 cr investment in 3 yrs
Vi CEO Akshaya Moondra said the company's investment will focus on expanding and strengthening coverage in 17 priority circles to be competitive.
MSDE firms up strategy for trainers’ development; proposes blending of digital and classroom learning
The strategy, developed by the Future Right Skills Network (FRSN), lays out a blueprint to improve the efficiency of existing trainers through recognition, performance evaluation, motivation, and up-skilling and will be validated in different Indian states.
Spectrum sale: Limited airwaves, huge investments discourage new entrants, say analysts
Analysts point to a lack of spectrum availability in key bands, coupled with high initial investment requirements of $16 billion for 5G airwaves and network rollouts, as key reasons why no new bidders have applied for the upcoming spectrum auction in Kolkata. Existing operators like Reliance Jio and Bharti Airtel have already deployed countrywide 5G networks, further deterring new entrants due to the significant costs involved.
Health insurance rules changed for senior citizens: Be ready for a 10-15% hike in health insurance premiums
In a major reform, Insurance Regulatory and Development Authority of India (IRDAI) has removed the ceiling of 65 years for a person to buy a health insurance policy. Additionally, the waiting period for pre-existing conditions has been reduced from four to three years. Both these rules have been effective from April 1, 2024. Will these new rules help uninsured senior citizens get health coverage? How easy is it now to buy a health insurance policy for the first time at the age of, say, 70? Find out here
Ventura initiates coverage on VIP Industries, sees upside scope of 35%
“Over FY23-27, we are expecting the company’s revenue/ EBITDA/ net earnings to grow at a CAGR of 14.6%/16.4%/18.5% to Rs 3,593 crore/Rs 581 crore/Rs 300 crore, respectively, while EBITDA and net margins are expected to improve by 96 bps to 16.2% and 105 bps to 8.4%, respectively. Return ratios – RoE and RoIC – are expected to improve by 694 bps to 30.7% and 2647 bps to 58.3% by FY27,” the brokerage report states.
Stationery stocks jump up to 5% after Nuvama initiates coverage
DOMS rose nearly 5% to Rs 1,800 while Flair added 3% to Rs 301. The brokerage firm values DOMS at 50x FY26 EPS and Flair at 24x FY26 EPS.
Jefferies initiates coverage on 2 wealth management companies; stocks surge up to 5%
The global brokerage believes wealth managers are well-placed to ride on India's economic growth and financialization of savings, especially in capital markets. Leading players will benefit from strong inflows and operational efficiencies to deliver 20-22% profit CAGR over FY24-27E. A rise in the share of trail fees (70-75% by FY27E) improves earning visibility and supports valuation re-rating
Understanding liability in vehicle insurance: What car and bike owners should know
Choosing the right vehicle insurance in India involves understanding liability coverage, comprehensive plans, and exclusions. ACKO provides tailored coverage, add-ons, and competitive pricing for comprehensive protection and peace of mind.
Telecom firms struggle to monetise amid incomplete 5G rollout
India recently became the fastest 5G rollout nation in the world. The country’s top two carriers, Reliance Jio and Bharti Airtel, have collectively splurged around $25 billion in buying 5G airwaves and launching their next-generation wireless broadband services. Between them, they have 165 million 5G customers. But neither of them has seen any serious monetisation of their 5G businesses even 18 months after they introduced next-gen networks.
Vi eyes 40% of revenues from 5G in over two years
In its presentation, the telecom JV between UK's Vodafone and India's Aditya Birla Group, said its delayed entry into the country's next-gen wireless broadband turf would help it access the latest advances in 5G technology in a cost-efficient way. It added that 90% of its radio gear is already 5G-ready. Another strategic focus is refarming its airwaves in the 900 MHz and 2100 MHz bands as part of plans to expand the telco's 4G coverage in its 17 priority markets.
What are you getting—5G or 4G?: 5G coverage map on telcos websites likely
Telecom regulator Trai is considering a directive to display coverage maps on websites for consumers to know 5G and 4G availability. It plans stricter regulation, increased penalties, and state and district level quality of service monitoring to reduce call drops.
Additional Rs 25K crore debt won't cause much stress on Vodafone Idea: Company
The telecom JV of UK's Vodafone Group and India's Aditya Birla Group (ABG), in fact, is counting on the targeted funding primarily to plug its 4G coverage gaps and rein in customer losses to be able to compete more effectively with bigger rivals, Reliance Jio and Bharti Airtel in its priority markets.
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