NETWORK SLICING
Adani Group wants a slice of India's payments and e-commerce pie: Report
India's Adani Group is seeking a licence to operate on the public digital payments network and is in talks with banks for a co-branded credit card. The conglomerate also plans to offer online shopping via the govt-backed Open Network for Digital Commerce (ONDC), according to the Financial Times.
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.
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.
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 24%
While the volatility has been in nifty every now and then, the difference this week was that the mid-cap segment also participated in the correction and breadth was negative. This is indicative of profit booking happening at the broader market level. At this point of time, one cannot rule out volatility with strong bearish bias and more damage to stock prices in the mid-cap segment. In such times, if one is taking fresh exposure to equity, ensure that there is some level of quality as far as the business and fundamentals are concerned. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
Slice secures RBI nod to appoint ex-Andhra Bank executive as MD & CEO
North East Small Finance Bank is in the process of getting merged with Bengaluru-headquartered fintech unicorn Slice.
How PhonePe's plan to invest in Dunzo hit a roadblock; Slice seeks fresh funds
PhonePe was interested in acquiring the merchant network and quickly tapped into it for Pincode. It has been spending on customer acquisitions and discounts on the separate platform to acquire more users.
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How & why India checkmated Chinese giant Huawei's salami-slicing moves in top tech schools
A note of caution by the director of a leading IIT woke up Government of India on deep inroads that Chinese company Huawei had already made into India’s leading institutes including IITs. India’s gear shift on Huawei was cautious, quiet and a tad late, unlike in other parts of the world where the company's alleged role as an instrument of the Chinese state had openly come into question.
Airtel and Ericsson successfully test RedCap software on Airtel’s 5G network
Bharti Airtel and Ericsson have successfully tested Ericsson's RedCap software, which is expected to improve battery life and deliver higher data speeds. The test was conducted using Qualcomm's 5G RedCap test module and represents the first implementation and validation of RedCap in India.
Mubadala, Brunei’s Sovereign Wealth Fund look to pick up a slice of Manipal Hospitals
Temasek owned Sheares Health, is in advanced negotiations to sell 8-9% of its 59% interest in Manipal Health Enterprises to Abu Dhabi' fund Mubadala and the sovereign wealth fund of Brunei, Brunei Investment Authority (BIA), said people in the know.
Trai seeks views on need to review norms for public, captive mobile radio trunking services
The Telecom Regulatory Authority of India (Trai) is seeking views on the need to review the terms and conditions of licenses for public and captive mobile radio trunking services (PMRTS and CMRTS). Trai is also asking for feedback on whether PMRTS providers should be allowed internet connectivity and if these services can be delivered using 4G/5G network slicing. The deadline for comments is September 26, and Trai is also seeking input on spectrum allocation, eligibility criteria for bidders, and service area provisions. PMRTS has seen growing prominence in critical infrastructure sectors in India.
PepsiCo joins ONDC to expand reach
This partnership will enable the discoverability of PepsiCo's product and help in extending customer outreach through ONDC-affiliated seller applications, a joint statement said. The company is always looking to innovate our go-to-market models, according to PepsiCo India President Ahmed ElSheikh.
White-label ATM leader India1 eyes a slice of fintech
India1 Payments, in which ICICI Ventures has about 49% stake, is promoted by Australia’s Banktech group. The company plans to leverage its customer base using its white-label ATM platform by being an account aggregator and connecting those interested in small-ticket loans with the potential lender. This could earn the company a fee-based income for the concluded transactions.
Sony-owned Crunchyroll plans to grow its investments in India
Sony-owned anime content platform, Crunchyroll, is planning to invest in India as part of its global expansion plans. The company will invest in content, localisation, platform development, and talent recruitment within the country. Currently, India is the world's second-largest anime market after China, with an estimated 180 million anime fans and expected to contribute 60% of global anime growth, according to Crunchyroll's President Rahul Purini.
Operational technology security emerging as key amid 5G industrial use case development
Operational technology is hardware and software that detects or causes a change, through the direct monitoring and/or control of industrial equipment, assets, processes and events. For 5G use cases like factory automation, securing the OT components of the factory floor will become important to ensure smooth operations.
The Zeenat Network: How the veteran actor is slaying Instagram game at 71
Three months ago, Zeenat Aman started her Instagram journey with a casual portrait picture and a single-line caption announcing her arrival on the platform. Every subsequent post from her has turned into a digital event that gets discussed across the internet.
The future of social media is a lot less social
Social media is, in many ways, becoming less social. The kinds of posts where people update friends and family about their lives have become harder to see over the years as the biggest sites have become increasingly "corporatised."
In a world where 2G, 3G, 4G, and 5G networks coexist, how is 6G going to be different?
It's a game changer in that it adds capacity, provides a stable and very fast connection (10 Gbps), connects devices other than just smartphones, consumes much less power and reduces noise, all this while handling as many as a million devices per sq km. 5G even allows slices of the network to operate independently as separate networks, and leverages its huge processing power to enable vastly enhanced edge responsiveness.
5G network can be misused for drug trafficking, money laundering, terror financing: Papers submitted at DGPs' meet
The papers, written by some Indian Police Service officers, were submitted at the just-concluded conference of director generals of police (DGPs) and inspector general of police (IGPs), attended by Prime Minister Narendra Modi.
More 5G private networks to go live within two quarters in India: Nokia's Ricky Corker
In an interaction with ET, Ricky Corker, Chief Customer Experience Officer at Nokia said that the momentum has started building up in India around private 5G networks. “This is an opportunity for us and our preference is to work through the operators since we have a great relationship with them. They have a spectrum and have a trusted relationship with many of these enterprises.”
DoT, Trai find no violation of net neutrality in network slicing
Top telcos Reliance Jio and Bharti Airtel had sought clarity on this aspect, which is critical for offering private captive network services to enterprises and for garnering future 5G revenue.
RBI mulls UPI charges; Jar hits $300M valuation in Tiger-led funding
The banking regulator's plan to charge fees for UPI transactions comes after complaints from several payment firms.
Sequoia sells 2% of Zomato; CoinDCX marks DeFi foray
Sequoia was one of the early backers of Zomato and now holds a 4.4% stake in the company.
Slice alters business model; SoftBank, Sequoia want firms to join ONDC
The new rule has forced Slice, which until now offered a revolving credit line to customers, to alter its business model.
Blinkit set for new pivot; introducing the ET Ecommerce Index
Now the company, which is in the process of being acquired by Zomato, is set for a fresh pivot as it looks to integrate its operations with Hyperpure, the food delivery firm’s B2B restaurant supply business.
Razorpay, Pine Labs get RBI aggregator nod; TCS records disappointing earnings
After months of speculations fintech firms, Razorpay and Pine Labs have received in-principle approval from the central bank for a payment aggregator licence.
Cuemath, Slice and MoEngage find warmth in winter; Aditya Birla Group enters roll-up space
Two days after reports said ShareChat was set to pick up a cool $300 million from Google and others, math tutoring platform Cuemath has raised $57 million and fintech firm Slice has bagged $50 million, which could go up to $100 million.
5G network slicing may lead to flouting of net neutrality rules: COAI's Kochhar
The flexibility of 5G networks arises from network slicing and edge computing. This directly negates the principles of net neutrality, Kochhar said.
PayU's LazyPay launches credit product 'LazyCard' amid growing competition in BNPL space
PayU’s ‘buy now pay later’ (BNPL) solution, LazyPay has partnered with SBM Bank India for the prepaid instrument, as the company looks to up the ante against card-based BNPL providers Uni and Slice, among others.
Slice turns unicorn after raising $220 million from Tiger Global, Insight Partners
Post this funding, the Bengaluru-based startup is valued at over $1 billion—a five times increase since its previous funding round six months ago.
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