Telecom Industry is Likely to See Jump in Revenue Growth in Q4FY22
According to the analysts, the telecom sector is expected to grow more than double to nearly 10% sequentially in the Q4FY22 when the full beneficial impact of sharp tariff hikes of last November hits home. The revenue of the telecom industry grew at 4.5% and 4.2% sequentially in the second and third quarters of FY22. …
John David
Reliance Retail Buys 25.8% Stakes in Dunzo Worth $240 Million
Reliance has picked 25.5% stakes worth $240 million in Dunzo – a Google-backed hyperlocal delivery startup, as the largest Indian retail chain expands to the instant commerce space. Dunzo is a six-year-old startup that operates an eponymous hyperlocal delivery service in seven cities of India including Delhi, Bengaluru, Gurugram, Pune, Chennai, Mumbai, and Hyderabad. Its…
Airtel Laden With Massive Debt, Won’t Hang Back From Price Hiking: Sunil Mittal
Bharti Airtel founder and CEO Sunit Mittal stated on Monday that the telecom company has been “laden with extraordinary debt”, and for this reason, the company won’t shrink back from raising tariffs. During an investor call, Mittal also said that he is still favouring the monetisation of assets but at the right time. “Airtel is…