Singapore Telecom to invest Rs2,649 crore in Bharti Telecom

download (3).jpgSource: LiveMint.com, Feb 06, 2018

New Delhi: Singapore Telecommunications Ltd (Singtel) will indirectly raise its stake in Bharti Airtel Ltd by investing Rs2,649 crore in Bharti Telecom Ltd, the promoter company of Airtel, through a preferential allotment of shares.

The investment comes within two years of Singtel’s participation in Bharti Telecom’s rights issue of Rs2,500 crore, which was completed in February 2016, Bharti Airtel said in a statement on Monday.

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Maharashtra’s telecom infrastructure policy to support digital ventures

download (3).jpgSource: The Hindu Business Line, Jan 30, 2018

Mumbai: The Maharashtra government has brought out a new telecom infrastructure policy, which will support its digital ventures.

The policy will help in creating and maintaining the telecom infrastructure for its citizen-centric digital initiatives. The State Cabinet gave its clearance on Tuesday.A press statement issued by the Chief Minister’s office said that State telecom infrastructure services policy is in sync with the Centre’s telecom policy. The State government has taken the policy decisions keeping in mind citizen services based on Jandhan, Aadhaar and mobile services platforms.

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Foxconn is readying a Rs 6,000-crore cheque for India

Source: The Economic Times, Dec 14, 2017

Foxconn, the world’s largest contract manufacturer of electronic devices such as iPhones, is looking to invest Rs 6,000 crore to set up a 200-acre plant in the special economic zone (SEZ) of the Jawaharlal Nehru Port Trust (JNPT) near Mumbai, said people with knowledge of the matter.

The Taiwanese company, which is the largest supplier to Apple, has told port authorities that the JNPT project will provide employment to about 40,000 people.

Shipping and road transport minister Nitin Gadkari confirmed to ETthat the company had sent a proposal to the government for setting up the plant.

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Government spares single-brand retailers from printing MRP

Source: ETRetail.com, Dec 09, 2017

NEW DELHI: In amove that may help bring down prices for consumers, the government has changed labelling norms to exempt single-brand retailers — including, Ikea, Fabindia, Decathlon, H&M and several chains of Future Group — from marking maximum retail price (MRP) on their products.

Top foreign retailers said marking MRP on individual products increases production cost that is eventually borne by the consumer. In Ikea’s case, labelling cost per store could be as high as Rs 7-10 crore. As a result, the consumer affairs ministry has finally relaxed the labelling norms for the next one year and has laid down conditions for alternative manner of declaring prices.

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Oppo gets green nod to set up manufacturing unit in Noida

Source: ETRetail.com, Dec 11, 2017

Chinese smartphone maker Oppo has been given green clearance to set up a mobile manufacturing unit in Greater Noida at a cost of Rs 2,200 crore, a senior government official said.The Union Environment Ministry has granted the environment clearance to its Indian subsidiary Oppo Mobiles India Pvt Ltd for the proposed project.

“The clearance has been given to the Oppo’s project after taking into account the views of an expert green panel. It is subject to compliance of certain conditions,” the government official said.

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Airtel to connect over 2,100 uncovered villages in North East

Source: LiveMint.com, Dec 11, 2017

New Delhi:Bharti Airtel Ltd will set up 2,000 mobile towers across villages and national highways in the North East with the help of government funding, the company said in a press statement on Sunday.

The telecom operator has signed an agreement with the department of telecommunications and the Universal Service Obligation Fund (USOF) to provide mobile services in 2,100 villages across Assam, Manipur, Mizoram, Nagaland, Sikkim, Tripura and Arunachal Pradesh over the next 18 months.

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After changing telecom’s face forever, Jio now sets sights on a grand entry in ecommerce

Source: ETRetail.com, Nov 15, 2017

AHMEDABAD: Reliance Jio, after successfully disrupting India’s telecom industry, is preparing to wade into the crowded ecommerce market leveraging its vast network and hundreds of millions of subscribers, according to two persons aware of matter. The company is working with corner stores, or ‘kiranas’, and consumer brands to create an operational model that will enable shoppers to buy at neighbourhood shops using digital coupons via its Jio Money platform or text messages, they said. A pilot project involving several stores and leading brands is ongoing at Mumbai, Chennai and Ahmedabad and a larger rollout is likely next year, they said.

Given Jio’s rapid growth to gain 132 million subscribers in about a year, its entry into online-to-offline ecommerce should put on notice payment companies including Paytm and PhonePe that are also forging collaborations with corner stores and other entities. These firms, though, have the strong backing of investors to aggressively expand their networks.

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