Off the Wire
Non-banking fintech to reduce income gap of India’s population
Income of the population in India is foreseen to be US$47 billion less than anticipated in 2021 as a result of COVID-19. Read more…
India
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No 5G network but India’s 5G smartphone user base about to reach 40mn
India’s 5G smartphone installed base or userbase will reach 40 million by December 2021 despite no commercial rollout of 5G services. Read more…
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India’s Jio explores alliances with global SIs and SaaS firms for 5G launch
Reliance Jio is exploring partnerships with global system integrators and Software-as-a-Service (SaaS) providers for its 5G network in India. Read more…
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India’s Paytm and beauty startup Nykaa head for massive IPOs
Indian fintech firm Paytm has received approval for what is likely to be India’s biggest-ever IPO, and beauty company Nykaa aims for $7bn IPO Read more…
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India’s festive sale month to see smartphone sales worth $7.6 billion
Against the ongoing component and chip shortages, the pent-up demand is set to drive smartphone sales during the festive shopping season. Read more…
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Ailing Indian telco Vodafone Idea to opt for spectrum payment moratorium
Vodafone Idea is exercising the option to opt for the four-year spectrum payment moratorium starting from October 2021 to September 2025. Read more…
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Bharat FIH, iPhone maker Foxconn’s India unit opens 5G R&D center
Bharat FIH, Foxconn’s India subsidiary, has set up its first Research & Development Centre at the IIT Madras Research Park, Chennai. Read more…
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Indian PM backs ISpA satcom body; Mittal says “space race” has begun
Indian PM Narendra Modi said that his government has opened up its space sector with the ISpA for corporate houses, start-ups, and academia. Read more…
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Gaming startups in India begin blocking access to users following ban
MPL was among the first few gaming startups that began blocking access to users in the Indian state of Karnataka following online gaming ban. Read more…
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Indian 4G users may face service quality issues caused by chip shortage
Indian mobile users may face issues with 4G network speeds as mobile operators struggle to maintain network expansion due to chip shortages. Read more…
