Google and Meta are investing billions in India's subsea cables, challenging telecom giants Jio, Airtel, and Tata Communications as the nation emerges as a key data hub
Shares of Bharti Airtel rose 4.3 per cent following an upgrade by domestic brokerage ICICI Securities
White paper says sector facing rising cyber threats, competition in Southeast Asia, and data deluge
Bharti Airtel's data centre company Nxtra plans to invest Rs 5,000 crore to double its capacity to around 400 megawatt over the next three years, the firm said on Wednesday. The company had earlier set a target of reaching around 400 megawatt capacity by 2025. Nxtra said it has become the first data centre in India to leverage AI to build digitised facilities engineered to drive smart capabilities like predictive maintenance, enhanced operational and energy efficiency, streamlined automation of operations and optimised capex utilisation. Nxtra CEO Ashish Arora said the company will make a "Rs 5,000 crore investment over the next three years to double the Nxtra capacity to around 400 megawatt". He said Nxtra has deployed the AI-powered SmartSense platform of Ecolibrium in the Chennai data centre and will now deploy capabilities across all its core data centres. With the deployment, Nxtra aims to achieve a 10 per cent increase in asset life through real-time performance analytics to
Airtel Payments Bank has posted a 45 per cent increase in net profit to Rs 11.2 crore for the second quarter ended September 2024, the company said on Wednesday. The company had registered a net profit of around Rs 7.72 crore a year ago. The bank said its quarterly revenue grew 58 per cent to Rs 674 crore during the reported quarter on a year-on-year basis. "These results underscore our position as a key player in the digital banking sector, where we have been the fifth largest mobile bank in India. The rising adoption of our digital solutions and security features has made us India's first choice for a safe second account. This growth validates the strength of the payments bank model," Airtel Payments Bank MD and CEO Anubrata Biswas said. Airtel Payments Bank's monthly transacting users (MTU) rose 76 per cent on a year-on-year basis to 102 million in the quarter under review. The annualised gross merchandise value (GMV) crossed USD 40 billion and customer balances increased by 43
Airtel has urged the Department of Telecommunications to ensure that the proposed waiver on spectrum bank guarantees applies uniformly across all telecom operators, regardless of financial health
This is also the country's biggest corporate bond issue in the current financial year, surpassing State Bank of India's issue in July, where it had raised Rs 10,000 crore
Sequentially, profit was 13.6 per cent lower than the Rs 4,159 crore in the preceding quarter
Gopal Vittal elevated to Bharti Airtel vice chairman, will remain MD
This comes after Ericsson got part of a $3.6 billion contract last month for selling 5G equipment to India's Vodafone Idea. It shared the contract with Nokia and Samsung
In August, Apple announced partnership with Airtel to make Apple Music and Apple TV Plus available exclusively to Airtel customers later this year
Company says 29.8 mn of its customers have been 'empowered' against 'malicious actors'
Bharti-Airtel has identified over 112 million potential spam calls and 3 million spam short messaging services in Tamil Nadu in the last 12 days of the launch of its AI powered spam detection system, a company official said. The telecom major has established Artificial Intelligence powered algorithm to identify classify calls and SMS as 'suspected spam' and it analyses various parameters based on the customers' usage pattern. By cross-referencing this information against known spam patterns, the system flags suspected spam calls and SMS accurately. "In today's digital landscape spam calls and suspicious texts have become a major concern for customers. To address this, Airtel introduced an innovative AI-powered solution integrated into the Airtel ecosystem. This solution allows users to enjoy its benefits without needing additional downloads or complex set up," Bharti Airtel Tamil Nadu Chief Executive Officer Tarun Virmani said on Wednesday. "This service empowers 29.8 million Airte
The DTH market faces pressure as consumers shift to over-the-top (OTT) streaming services and cheaper options like Doordarshan's Free Dish, forcing traditional operators to seek growth opportunities
Bharti Airtel is combating the "growing menace" of cyber frauds with network intelligence and Al to analyse patterns and accurately identify spammers, CEO Gopal Vittal said as he asked customers to be vigilant on 'suspected spam' indicator, now available. The regulator TRAI and the industry have upped the ante to crack down on the spam menace, and the regulator's new missive on whitelisted (approved) URLs has also come into effect from October 1. An HDFC Bank spokesperson, in response to a specific query, told PTI that the bank is "compliant as of today" with norms, and does not expect any difficulties. Meanwhile, Vittal penned a note to subscribers promising that Airtel will continue to work on identifying verified scammers and permanently blocking them from its network. "Our new solution makes us India's 1st Spam Fighting Network and we hope you will feel more confident and secure every time you receive that spam call or message," Vittal told subscribers. Over the last six month
Airtel's new tool will provide real-time alerts for suspected spam calls and short messaging services (SMSs) at no extra cost
All three plans allowing customers to make local and STD calls without incurring extra charges
State-owned telecom company was the only one in industry not to raise tariff
The impact of mobile phone service tariff hike was evident in July with Reliance Jio, Bharti Airtel, Vodafone Idea reporting loss of customer base, which resulted in an overall decline in telecom subscribers in the country. Reliance Jio, Bharti Airtel and Vodafone Idea increased their mobile service plan rates in the range of 10-27 per cent in the first week of July. Airtel and Vodafone Idea have more than doubled their entry-level mobile rates in the last 2-3 years to Rs 199 that comes with 28 days validity. State-run BSNL was the only player that added new subscribers and led the market in terms of new net customer addition, according to a monthly subscribers report released by the Telecom Regulatory Authority of India on Friday. According to the report, BSNL added over 2.94 million mobile subscribers in July. Bharti Airtel lost 1.69 million mobile subscribers which was highest among its peers. Vodafone Idea and Reliance Jio lost 1.41 million and 758 thousands mobile subscribers
The combined valuation of India's top 75 valuable brands has gone up at an "impressive growth" rate of 19 per cent to USD 450.5 billion, according to the Kantar BrandZ report. India's leading IT firm TCS remained the most valuable brand for the third straight year, folllowed by HDFC Bank, Airtel, Infosys and SBI, the report said. "With a brand value of USD 49.7 billion, TCS has seen a 16 per cent rise versus last year, driven by investments in innovation, particularly in AI and digital transformation," it said. Brands across business sectors have fuelled the growth, with 54 brands boosting their brand value over the past year, according to the Kantar BrandZ MostValuable Indian Brands Report. "This impressive growth outpaces most other BrandZ rankings globally and closely mirrors the 20 per cent increase seen in the Global Top 100," it said. Financial services brands dominate the list as 17 brands contributed 28 per cent of the ranking overall brand value. HFDC Bank is second with