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BSNL won’t raise consumer tariffs, will focus on improving services: CMD Robert Ravi

Livemint

Livemint · 10m ago

BSNL won’t raise consumer tariffs, will focus on improving services: CMD Robert Ravi

India's telecom company Bharat Sanchar Nigam Ltd (BSNL) has stated that it will not increase tariffs in the near future. Instead, the company will focus on improving service quality to retain customers gained from rivals. BSNL has recently launched several new services, including its own 4G telecom stack and low latency 5G connectivity for mining operations. The company aims to have 100,000 4G sites by mid-2023 and plans to introduce intranet TV services with over 500 live channels for fibre broadband subscribers.

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BSNL introduces new 395-day plan in various Indian states: Price and benefits

Livemint

Livemint · 1y ago

BSNL introduces new 395-day plan in various Indian states: Price and benefits

Indian telecommunications company BSNL is set to launch its 4G services nationwide. This comes after private operators increased their tariffs in July 2024. BSNL's new ₹2,399 plan offers subscribers 2GB of high-speed data per day, unlimited voice calls, and free nationwide roaming. Private operators like Airtel and Reliance Jio have also revised their plans, with price increases across various packages. As BSNL enters the 4G market, competition in India's telecom sector is expected to intensify, providing consumers with more options.

CERT-In reported possible intrusion, data breach at BSNL on May 20: minister to Lok Sabha

Economic Times

Economic Times · 1y ago

CERT-In reported possible intrusion, data breach at BSNL on May 20: minister to Lok Sabha

The Indian government's computer emergency response team, CERT-In, has reported a potential breach of data at Bharat Sanchar Nigam Ltd (BSNL), a state-owned telecom company. An Inter-Ministerial Committee (IMC) has been formed to conduct an audit of telecom networks and recommend measures to prevent data breaches. The breach occurred on a File Transfer Protocol (FTP) server, but no disruption of services has been reported. BSNL has taken steps to enhance security, including changing access passwords. The IMC will focus on preventing future data breaches in telecom networks.

NaBFID to borrow USD 1 billion from foreign shores in FY26; sees tariffs not impacting disbursements

Economic Times

Economic Times · 2d ago

NaBFID to borrow USD 1 billion from foreign shores in FY26; sees tariffs not impacting disbursements

The National Bank for Financing Infrastructure and Development (NaBFID) plans to raise up to USD 1 billion from international markets in fiscal year 2026. Managing Director Rajkiran Rai noted that the bank has received international ratings and the funds will be raised through external commercial borrowing and bonds. Rai emphasized that US tariffs won’t affect NaBFID’s disbursements and urged more project launches to boost economic growth. NaBFID also aims to enhance activity in municipal bond issuances.

Need to raise data tariff but no premium for 5G services: Airtel's Gopal Vittal

Livemint

Livemint · 1y ago

Need to raise data tariff but no premium for 5G services: Airtel's Gopal Vittal

Airtel's managing director and CEO, Gopal Vittal, suggests increasing data tariffs in India to reflect the actual value of services. He argues that the current prices for data are too low, despite recent increases, and believes there is an opportunity to raise entry-level tariffs. However, he clarifies that Airtel will not charge a premium for its 5G services and plans to make fixed wireless access (FWA) services available next year, pricing them on par with broadband services. Additionally, Vittal mentions the possibility of diluting equity or listing Airtel Payments Bank in the future.

TCS bags Rs 2,900 crore add-on network infra order from BSNL

Economic Times

Economic Times · 3m ago

TCS bags Rs 2,900 crore add-on network infra order from BSNL

Tata Consultancy Services (TCS) has received a Rs 2,903.22 crore contract from Bharat Sanchar Nigam Ltd (BSNL) for 4G network deployment, covering planning, engineering, and maintenance of network sites. Tejas Networks will supply Radio Access Network equipment worth around Rs 525.53 crore. This follows TCS's Rs 15,000 crore deal with BSNL in May 2023 for a 4G expansion using a fully indigenous stack, enhancing TCS's growth in India and overall revenue.

Trade tensions, tariffs to disturb rapid growth of data centres: Moody's

Economic Times

Economic Times · 3m ago

Trade tensions, tariffs to disturb rapid growth of data centres: Moody's

Trade tensions and tariffs are likely to impact the growth of data centers driven by the AI boom, according to Moody's. Tariffs on essential materials and components could raise costs, affecting both current facilities and projects in development. While cash-rich hyperscalers can absorb increased costs, margins for services may suffer. The IT hardware sector, particularly AI servers, will be notably affected due to reliance on imports from high-tariff countries, complicating data center construction and increasing financial risks.

InCred raises ₹500 crore funding to become India’s second unicorn in 2023

Livemint

Livemint · 1y ago

InCred raises ₹500 crore funding to become India’s second unicorn in 2023

InCred, a fintech company in India, has achieved a valuation of over $1 billion after a successful funding round that raised $60 million. This makes InCred the second unicorn of the year in India. The funding round was led by Ranjan Pai of MEMG, with contributions from Ravi Pillai and Ram Nayak. The funds will be used to expand InCred's business verticals, including consumer loans and MSME lending. InCred Finance and KKR India Financial Services merged in 2022 to form InCred Finance.

Former Premji Invest Partner Atul Gupta Rolls Out VC Firm To Back Consumer, Healthcare Startups

Inc42 · 1y ago

Former Premji Invest Partner Atul Gupta Rolls Out VC Firm To Back Consumer, Healthcare Startups

The new firm will prioritize growth-stage equity investments and will focus on various sectors including consumer, financial services, enterprise software and technology, industrial and manufacturing, and healthcare. Gupta, joining a trend of departing venture capital professionals, is launching his own venture.

CaratLane co-founder Avnish Anand joins Singularity to lead consumer investments

VCCircle

VCCircle · 7m ago

CaratLane co-founder Avnish Anand joins Singularity to lead consumer investments

Avnish Anand, co-founder of CaratLane, has joined Singularity Ventures as a partner to lead consumer investments. At Singularity, Anand will focus on building and expanding the firm's consumer portfolio. The private equity firm, backed by investor Madhusudan Kela, appointed Anand due to his expertise in consumer-centric branding. Singularity, founded in 2021, aims to raise a total corpus of Rs 1,500 crores. Additionally, former defence secretary Ajay Kumar has joined as a senior advisor for investments in transformative sectors.

Cooling CPI offers relief, but Fed rate cut may wait until fall: Matt Orton

Economic Times

Economic Times · 1m ago

Cooling CPI offers relief, but Fed rate cut may wait until fall: Matt Orton

The cooling Consumer Price Index (CPI) offers relief, but a Federal Reserve rate cut may not occur until the fall, according to Matt Orton of Raymond James Investment. He notes that while consumers are showing healthy results and inflation is declining, the current tariffs have not been as inflationary as expected. The upcoming US-India trade deal is likely to focus on specific sectors, potentially impacting energy and defense cooperation, with pharmaceutical tariffs anticipated, affecting major firms in the US and Europe.

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