Despite the raging Covid-19 pandemic and economic disruptions due to it, Indian investment banking activities grew, hitting a three-year high in 2020, with revenues touching $1.03 billion.
The India Mobile Congress saw the focus shift to the debate on 5G technology and the inherent resilience of Indian telecom industry to withstand the onslaught from the pandemic.
The 2020 Most Powerful Women in Business list is special. In its 10th year, it’s about those who navigated their businesses successfully through hard times, and in some cases, struck big-ticket deals.
It is difficult for investors to find too many companies in which they can confidently invest at present. Jio is an exception since it offers exactly what a post-Covid world may need.
Despite a weak business outlook, RIL looks well-poised to progress on its debt reduction plans with Jio Platforms likely to see another Facebook-like deal and a rights issue.
Facebook’s $5.7-billion investment in RIL’s subsidiary will help both companies monetise their digital platforms; it will also aid in deleveraging RIL’s balance sheet, says Fitch Ratings.
Once the poster child of India’s growing economic clout, Indian telecom is in the doldrums. A rapid technological shift, competition, and legal wrangles have roiled the sector. What happens now?
Benchmark indices in India take cues from global markets which rallied on expectations of stimulus packages; the Sensex gained over 1,861 points and the Nifty 50 over 496 points over Tuesday’s close.
All eyes are now on the apex court’s decision vis-à-vis allowing staggered payments of AGR dues, as the shadow of doubt on Vodafone Idea’s existence still looms
