MARKET WRAP: Pharma, power and IT stocks were the major gainers in trade on Tuesday, while index heavyweight Reliance Industries and select banking shares ended on a tepid note.
Stocks to Watch today: Bharti Airtel's (Airtel's) consolidated net profit jumped 89% year-on-year (YoY) to Rs 2,145 crore in the second quarter (Q2) of 2022-23, led by strong revenue growth
The firm is currently carrying out beta trials of the 5G service in eight cities nationwide, has now seen eight consecutive profitable quarters
Airtel CEO Gopal Vittal said the company is now rolling out 5G and exuded confidence that Airtel 5G Plus will deliver the best experience in India
Srinath joined Tata Administrative Services in 1986 and led different Tata Companies in the ICT sector
CLOSING BELL: The Financial Services, IT, Pharma, Auto, and Consumer Durable indices gained over 1 per cent each, while others added up to 1 per cent
Telecom Q2 preview: Bharti Airtel is expected to add around 2 million overall subscribers this quarter, taking the tally to 329 million
The latest data from the Telecom Regulatory Authority of India (Trai) showed Reliance Jio at 28.31% market share in wireline subscribers, ahead of BSNL at 27.46% and Bharti Airtel at 23.86%
Industry body argues for 'same service, same rules', says current disparities give OTT players privileges but not responsibilities
Tariffs are hiked by telcos to maintain a healthy average revenue per user (ARPU)
As Bharti Airtel rolls out 5G services in select cities in India, Cloud major Oracle is busy helping the telecom operator in its digital metamorphosis to serve its stakeholders and customers better
Airtel and Reliance Jio are the two telecom operators currently offering 5G services in select Indian cities
Largely dominated by BSNL and MTNL, the number of landline connections declined from 36.76 million in 2010 to 20.58 million in 2020
India was the fastest growing Internet of Things (IoT) module market with more than 264 per cent growth in the second quarter this year, a report showed last month
Airtel Digital, which operates the firm's music and streaming video business, has 189 million monthly active users
Customers in Delhi, Mumbai, Chennai, Bengaluru, Hyderabad, Siliguri, Nagpur and Varanasi will start enjoying the Airtel 5G Plus services in a phased manner, said the company
The firm is supplying radio access networks to Ericsson and Reliance Jio for their 5G networks from its Chennai plant. Vodafone Idea is yet to finalise its contract as it awaits fresh funding
CLOSING BELL: Adani Enterprises was the biggest Nifty dragger as it dropped 9 per cent
Stocks to Watch Today: Domestic oil & gas related stocks are likely to be in focus as the government reduced tax on the former, while raised prices of natural gas to record levels.
Smartphone maker Realme has partnered with telecom operators Airtel, Jio and Vodafone Idea to come up with a bundled offer for 5G handsets, the company said after the launch of 5G services at the Indian Mobile Congress. Realme launched India's first 5G smartphone in India in 2020 and since then, it has added 23 5G smartphones to its portfolio. "As the first brand to launch a 5G-enabled phone, we believe that 5G has the potential to bring together the entire ecosystem, which is why Realme has dedicated 90 per cent of its research and development efforts to 5G technologies and devices. "We have partnered with the leading telcos in India and have curated a host of bundle offers for our users," Realme vice president and Realme India CEO Madhav Sheth said in a statement. Seth -- who is also Realme International Group President -- said 85 per cent of the company's devices already support standalone (SA) 5G (Which Jio is rolling out) and 100 per cent of its devices will have full SA suppo