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Time of India
6 hours ago
- Business
- Time of India
Telecom push: BSNL enters 5G fixed wireless market with Hyderabad launch; plans expansion to six cities by September
State-owned telecom firm BSNL has entered the 5G fixed wireless access (FWA) space, launching its home broadband service in Hyderabad, the company said on Friday. The move pits BSNL against private sector giants Reliance Jio and Bharti Airtel, which are already offering similar services using their 5G spectrum. 'Quantum 5G FWA demonstrates how Indian engineers can create world-class connectivity. It is the first SIM-less, 100 per cent home-grown customised 5G FWA for BSNL,' said BSNL Chairman and Managing Director A Robert J Ravi. 'Today is only a soft launch — many more cities and feature upgrades will follow.' The company said it formally launched the service on June 18 and plans to expand the pilot project to Bengaluru, Pondicherry, Visakhapatnam, Pune, Gwalior, and Chandigarh by September 2025, reported PTI. BSNL is initially offering the service at Rs 999 for a 100 Mbps plan and Rs 1,499 for a 300 Mbps plan. The FWA technology allows telecom providers to deliver wireless broadband by installing an outdoor modem at the subscriber's premises, connecting to the nearest 5G base station. The solution bypasses the need for an optical fibre connection. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
The Print
6 hours ago
- Business
- The Print
Markets snap 3-day losing run; Sensex jumps 1,000 pts as financial, telecom shares gain
The 50-share NSE Nifty climbed 319.15 points or 1.29 per cent to 25,112.40. A largely supportive trend overseas and renewed foreign capital inflows supported domestic equities following signs of easing tension in the Middle East, traders said. After a flat start, the BSE Sensex later found its mojo back and surged 1,046.30 points or 1.29 per cent to settle at 82,408.17. During the day, it jumped 1,132.62 points or 1.39 per cent to 82,494.49. Mumbai, Jun 20 (PTI) Equity benchmark indices Sensex and Nifty rebounded sharply by over 1 per cent on Friday after sliding for the past three sessions, propelled by bargain hunting in financial, telecom and tech stocks amid a correction in global crude prices. As many as 2,463 stocks advanced while 1,484 declined and 147 remained unchanged on the BSE. This week, the BSE benchmark gauge jumped 1,289.57 points or 1.58 per cent, and the Nifty surged 393.8 points or .59 per cent. 'Equity indices surged as Middle East tension moderated with risk of immediate military actions reduced as US dialogue with Iran is expected to take place. The development led the crude price to correct, favouring domestic markets and boosting foreign investors' sentiments. 'In the broader market, rapid fall in VIX index and buying was witnessed in rate sensitives and consumer-oriented sectors like Finance, Auto and Reality and in anticipation of better Q1FY26 results led by rate cuts benefits, drop in inflationary pressure and rebound in consumer spending,' Vinod Nair, Head of Research, Geojit Investments Limited, said. From the Sensex firms, Bharti Airtel, Nestle, Mahindra & Mahindra, Power Grid, Reliance Industries, NTPC, Eternal and HDFC Bank were among the biggest gainers. In contrast, Maruti was the only laggard. The BSE midcap gauge jumped 1.20 per cent, and smallcap index climbed 0.55 per cent. All BSE sectoral indices ended higher. Telecommunication surged 2.73 per cent, realty (2.22 per cent), teck (1.42 per cent), capital goods (1.17 per cent), bankex (1.15 per cent), consumer discretionary (1.12 per cent) and metal (1.10 per cent). 'Sentiment improved after the news report indicated a possible de-escalation in the Iran-Israel conflict, with the US signalling a delay in potential action, which led to a softening in crude oil prices. Additionally, consistent buying by FIIs in the cash segment further supported the market,' Ajit Mishra – SVP, Research, Religare Broking Ltd, said. In Asian markets, South Korea's Kospi and Hong Kong's Hang Seng settled in positive territory, while Japan's Nikkei 225 index and Shanghai's SSE Composite index ended lower. Markets in Europe were trading higher in mid-session trade. US markets were closed on Thursday for the Juneteenth holiday. Global oil benchmark Brent crude dropped 1.93 per cent to USD 77.33 a barrel. Foreign Institutional Investors (FIIs) bought equities worth Rs 934.62 crore on Thursday, according to exchange data. Domestic Institutional Investors (DIIs) also bought equities worth Rs 605.97 crore. On Thursday, the 30-share BSE Sensex declined 82.79 points, or 0.10 per cent, to settle at 81,361.87. The Nifty dipped 18.80 points or 0.08 per cent to 24,793.25. 'In the absence of any major domestic events, global markets will continue to guide sentiment. We maintain our positive yet cautious stance and advise focusing on stock selection, particularly in line with sectoral trends,' Mishra said. PTI SUM SUM BAL BAL This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
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Business Standard
7 hours ago
- Business
- Business Standard
BSNL launches country's first indigenous 5g fixed wireless service
State-owned telecom firm BSNL has forayed into 5G fixed wireless service to provide home broadband service with its launch in Hyderabad, the company said on Friday. At present, Reliance Jio and Bharti Airtel have been providing 5G Fixed Wireless Service (FWA) by using their 5G spectrum. "Quantum 5G FWA demonstrates how Indian engineers can create world-class connectivity. It is the first SIM-less, 100 per cent home grown customised 5G FWA for BSNL. Today is only a soft launch - many more cities and feature upgrades will follow," BSNL Chairman and Managing Director A Robert J Ravi said. The service was launched on June 18. According to the details shared by BSNL, the company will expand the pilot project in Bengaluru, Pondicherry, Vishakhapatnam, Pune, Gwalior and Chandigarh by September 2025. The company is initially charging Rs 999 for a 100 megabit per second (mbps) plan and Rs 1,499 for a 300 mbps plan. Through 5G FWA, telecom operators install a modem outside the subscriber's premise and transmit signals from their nearest base station for wireless broadband service. The technology does not require optical fibre for connection. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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Business Standard
8 hours ago
- Business
- Business Standard
Sensex, Nifty gain 1.3% on RBI norms, Trump's pause on Iran strike
Domestic markets rose on Friday, propelled by gains in banking and other heavyweights, after the relaxation of project finance regulations. US President Donald Trump's announcement that he would take two weeks to decide whether to intervene directly in the Iran–Israel conflict provided some relief to investors. The benchmark Sensex closed at 82,408 on Friday, up 1,046 points or 1.3 per cent. The Nifty also ended the session at 25,112, gaining 319 points or 1.3 per cent. HDFC Bank, Reliance Industries, Bharti Airtel and ICICI Bank accounted for over half of the index gains. Both the Sensex and the Nifty rose 1.6 per cent over the week. The total market capitalisation of BSE-listed companies increased by ₹5 trillion, reaching ₹448 trillion. The final project finance norms will take effect from October 1, 2025. The Nifty Bank index increased by 1.2 per cent. Foreign portfolio investors (FPIs) were buyers to the tune of nearly ₹8,000 crore, while domestic investors pulled out ₹3,050 crore. Institutional investor activity was higher than usual due to adjustments related to the latest rebalancing of BSE and FTSE indices. Passive funds tracking the Sensex index had to sell Nestlé and IndusInd Bank, which will be excluded from the index from Monday. On the other hand, they bought new entrants Trent and Bharat Electronics. Other Sensex components also saw changes due to weight adjustments. Meanwhile, the White House's statement on Iran eased concerns about US involvement in the Middle East conflict. In a dictated message on Thursday, President Trump said there was a significant chance of negotiations with Iran, which may or may not happen soon, and that he would decide whether to join Israel's strikes against Iran within the next two weeks. Trump's latest statement is seen as a step back from earlier harsh rhetoric. Israel has continued to attack Iran's nuclear sites and has warned of overthrowing Tehran's leadership, while Iran maintains its stance of no negotiations with the US as long as Israel's assault continues. The Brent crude price fell by 3 per cent and was trading at $75.7 on Friday. However, in June, crude prices had risen by 21 per cent. Gold declined by 0.7 per cent and was trading at $3,348. It fell by 2.4 per cent during the week. 'Equity indices surged as Middle East tensions eased, with the risk of immediate military action reduced due to expected US dialogue with Iran. This development led to a correction in crude prices, favouring domestic markets and boosting foreign investors' sentiment,' said Vinod Nair, head of research at Geojit Financial Services. The market breadth was strong, with 2,463 stocks advancing and 1,484 declining. Moving forward, the trajectory of the Middle East conflict and US trade policy will determine the market's direction. 'The outlook remains positive, and a decisive move above 25,200 on the Nifty would signal the end of the ongoing five-week consolidation phase and pave the way for the 25,600–25,800 zone. In the absence of any major domestic events, global markets will continue to guide sentiment,' said Ajit Mishra, senior vice-president, research, at Religare Broking.
The Hindu
8 hours ago
- Business
- The Hindu
Stock indices gain 1.3%, mirroring Asian markets
Benchmark stock indices broke their three-day losing streak and gained 1.3%, buoyed by robust Asian market performance and advancing U.S. futures. Despite opening marginally lower, the indices swiftly moved upwards and sustained momentum throughout the trading session. The S&P BSE Sensex closed at 82,408 points, up 1,046 points, or 1.29%, led by gains in heavy height stocks. Bharti Airtel gained 3.27%, M&M and PowerGrid gained 2.93% and 2.38%, respectively while Reliance and Nestle surged 2.16% and 1.97% respectively. The NSE Nifty-50 index, too, gained 319% or 1.29% to close at 25,112 points. 'Market sentiment experienced a pronounced bullish shift following President Donald Trump's announcement that he would determine within the forthcoming two weeks whether the United States would intervene in the Iran-Israel conflict. This geopolitical development provided the catalyst for renewed investor confidence,' said Devarsh Vakil, head of Prime Research, HDFC Securities. 'The return of optimistic sentiment to Dalal Street manifested in a comprehensive buying surge, as bulls initiated broad-based accumulation across sectors. This renewed appetite for risk assets propelled both flagship equity benchmarks — the Nifty 50 and Sensex — to rally in excess of 1% during Friday's trading session, underscoring the market's renewed vigour and investor conviction,' he added. Nifty Midcap 100 Index gained by 1.46%, while the Nifty Smallcap 100 Index rose over 1%. Market breadth turned positive after seven days, with advancing stocks sharply outpacing declining ones, as indicated by a BSE advance-decline ratio of 1.67, highest since June 9. The buying was broad-based, with all sectoral indices ending in the green. Amongst them, realty, PSU banks, metal, and auto sectors were the major outperformers, leading the charge from the front. All major sectoral indices ended in the green, indicating widespread optimism. Notable gains were seen in metal, PSU bank, realty, power, telecom, and capital goods, with each sectoral index rising between 1% and 2%.
