Market concentration in the country's telecom sector continues to .scale new heights despite government bailouts of public-sector Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL), and private-sector Vodafone Idea.
The combined revenue (or net sales) share of the country's top two telecom operators Bharti Airtel and Reliance Jio - in the sector's total reached an all-time high of nearly 72 percent in FY23 from 70.4 percent in FY22 and around 60 percent in FY20.
The net sales of Reliance Jio and Bharti Airtel India were ₹1.67 trillion in FY23, up 18.6 percent from the ₹1.4 trillion a year earlier. In the same period, the industry's net sales were up 16.2 percent to ₹2.32 trillion from around ₹2 trillion in FY22.
Bu hikaye Business Standard dergisinin June 13, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Business Standard dergisinin June 13, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Concor's growth route shifts as demand dips
Weak exim volumes, competitive pressures add to logistics firm's demand woes
Benchmarks fall as IT, auto shares retreat
Benchmark indices declined for the second day. The Sensex fell 318.76 point or 0.39 per cent to settle at 81,501.36 while the Nifty dipped 86.05 point or 0.34 per cent to close at 24,971.30 on Wednesday.
Global fund managers pare India allocation: BofA
Global fund managers increased their allocation to China at India's expense after Asia's largest economy unleashed a stimulus package, according to a survey conducted by BofA Securities.
Quant MF scoops up nearly half of AEL's ₹4.2K cr QIP
Subscribes 6.66 mn shares at ₹2,962 apiece
MF licence aspirant list swells with new wave of AMCs ready to roll
New applications serve as launchpad for diversifying business and expanding capital market reach
' 'Kutty Japan' faces crackle of fireworks, barium bans
Impressed by its industrial vibrancy, former prime minister Jawaharlal Nehru affectionately referred to this small city in Tamil Nadu as 'Kutty Japan' (Kutty means 'mini' in Tamil). Now, in 2024, Nehru's Kutty Japan, popularly known as Sivakasi, still contributes to over 85 per cent of the fireworks made in the country, lighting up the festive colours of every city and village in India.
Agencies actively pursuing bomb threat cases: Minister
Law enforcement agencies are actively pursuing all cases of bomb threats against airlines and the government is closely monitoring the situation, Civil Aviation Minister K Rammohan Naidu said on Wednesday.
Amazon Prime Video to introduce ads next year
Amazon's streaming platform Prime Video will include advertisements in shows and films for Indian viewers starting next year.
Why language needs more than a tag
Earlier this month, the Union Cabinet granted classical language status to Marathi, Pali, Prakrit, Assamese, and Bengali. With Tamil (2004), Sanskrit (2005), Telugu (2008), Kannada (2008), Malayalam (2013), and Odia (2014) already designated as classical languages, this brings the total to 11.
I'm back: Omar Abdullah takes charge as J&K CM
5 ministers take oath, including Dy CM from Jammu region and 1 Independent