Redington posts 27% revenue growth in FY23 with PAT of Rs 1,393 cr
At Rs 21,895 crore, overall global revenues for Q4 have been the highest ever for any quarter, growing by 26 per cent YoY and at Rs 590 crore, Redington registered highest ever Q4 operating profit with a 15 per cent growth. For the full fiscal year, the firm reported a profit after tax (PAT) of Rs 1,393 crore, a growth of 9 per cent.
India tablet market fell 30% in Q1 2023: Report
"While the overall tablet market declined on an annual basis, we still foresee pockets of growth for the tablet market. There has been a particular focus on tablets with 4G and 5G connectivity options. Additionally, consumers continue to seek tablets as companion devices for work, entertainment, and education," said Menka Kumari, Analyst-Industry Intelligence Group (IIG), CyberMedia Research (CMR).
Industry hails Union Budget initiatives on 5G, AI
"With the ongoing 5G rollouts in India, the government's decision to establish 100 5G application Labs is a timely move to spur innovation in developing the 5G ecosystem and India relevant use cases," said Manoranjan Mohapatra, CEO, Comviva. There is a great opportunity to combine 5G and AI to improve network speed, responsiveness, and efficiencies, he added.
Samsung eyes 75% sales from 5G smartphones in India this year
"We will not only launch more 5G smartphones but also ensure wider distribution of our 5G smartphones in the country with the objective of securing 75 per cent sales from 5G devices this year," Raju Pullan, Senior Vice President, Mobile Business, Samsung India, told IANS.
Exempt levy of customs duty on telecom equipment to boost 5G roll out: COAI
"BCD of 20 per cent is levied on import of most of telecom equipment like optical transport equipment/networks, IP radios, MIMO/LTE products, soft switches, VoIPs, PTN, MPLS -TP, etc. which is disrupting the cost effectiveness of the telcos," said the Cellular Operators' Association of India (COAI), the apex body that represents the telecom sector.
India 5G phone market to expand over 70 per cent by end of 2023: Report
The India smartphone market recorded more than 13 times growth in its 5G shipments from the year of its initial introduction in 2020. "From a mere 4 per cent in CY2020 to a potential more than 45 per cent market share in CY2023, 5G smartphones have definitely come a long way," said Menka Kumari, Analyst-Industry Intelligence Group (IIG), CyberMedia Research (CMR).
EU passengers will soon be able to use 5G tech on planes
According to BBC, the European Commission ruled that airlines can offer 5G technology alongside slower mobile data on board planes. With this, flyers will no longer be required to put their phone in flight mode, though the details of how this will be implemented remain unknown.
5G with IoT to unlock Indian businesses' potential: NTT India CEO
5G is something we leapfrogged from 4G as a natural course, but the scale India is going to see this time will be humongous. As the 5G roll-out begins for the masses, the Indian enterprises are also keen to have their own 5G private networks to ensure agility and scalability in the data age, Joshi told IANS. "5G will co-exist with Wi-Fi 6 and other technologies, especially IoT, for a myriad of sectors like manufacturing. 5G brings low latency, extra security and ultra reliability for smart manufacturing," said Joshi.
India records 13-month high in mobile, fixed broadband download speed
The fixed broadband median download speed for India also hit a 13-month high of 48.78 Mbps from 48.59 Mbps, according to the data from Ookla, the global leader in network intelligence and connectivity insights. According to the October Speedtest Global Index, Macau registered the highest increase in rank, gaining 15 spots globally with the UAE at the top spot for overall global median mobile speeds.
Airtel 5G Plus goes live in Gurugram
The Airtel 5G services are currently operational at DLF Cyber Hub, DLF Phase 2, MG Road, Rajiv Chowk, Iffco Chowk, Atlas Chowk, Udyog Vihar, Nirvana Country, Gurugram railway station, Civil lines, Ardee city, Huda city center, Gurugram National Highway and few other select locations.