 FDI in the telecom sector has jumped nearly five times in the last three years – from USD 1.3 Billion in 2015-16 to USD 6.2 Billion in 2017-18. According to Union Minister of Communications Shri Manoj Sinha, the draft National Digital Communications Policy, 2018 aims to attract investment of USD 100 billion or about Rs.6.5 lakh crore in the Digital Communications Sector. India has also announced plans to launch commercial 5G networks by the year 2020 and this provides a big opportunity for investing in the newer emerging technologies like 5G, AI, IoT, Data analytics etc. Shri Sinha also released a publication titled “Telecom Sector Growth & FDI: A Way Ahead”. |
| Source-PIB |
 The Board of Directors of Vodafone Idea Limited, India's largest telecom operator, approved merger of the Vodafone Idea Limited with the Aditya Birla Telecom Limited (ABTL), the parent company of Idea Cellular. The merger was approved under the relevant provisions of the Companies Act, 2013. The merger is now subjected to approval of the National Company Law Tribunal. The Aditya Birla Telecom Ltd holds 11.15% stake in telecom infrastructure firm Indus Towers Ltd. With this amalgamation, Vodafone Idea will directly have shareholding in Indus Towers and can monetise the stake held by ABTL following simplification in the corporate structure. |
| Source- The Economic Times |
 Infosys has acquired Finnish company Fluido, a top consulting partner of Salesforce, for 65 million euros (about Rs 545 crore). This is Infosys’s second acquisition under CEO Salil Parekh. Recently, it had acquired US digital creative and consumer insight agency WongDoody for $75 million. The Fluido acquisition will make Infosys the largest Salesforce consulting partner in the Nordics. |
| Source- The Times of India |
 Salesforce.com Inc. founder Marc Benioff and his wife Lynne agreed to acquire Time magazine from Meredith Corp. for $190 million in cash, joining Jeff Bezos among tech billionaires buying venerable print publications. The move thrusts the brash 53-year-old entrepreneur, who helped lead the shift of software to an on-demand model, into a new role: media baron. TIME magazine publisher Time Inc was sold to Meredith for $1.8 billion in January 2018. |
| Source- The Livemint |
 PayU India has received Reserve Bank of India’s (RBI) approval to operate its own non-banking financial company (NBFC). The move will help PayU promote inclusive growth in the country by catering to the diverse financial needs of various segments of the society. The approval from the central bank is subject to “certain pending RBI compliance”. |
| Source- The Livemint |
 After launching the world's largest mobile phone-manufacturing factory in Noida in July 2018, Samsung has now opened its biggest experience centre in Bengaluru, Karnataka. Opera House, the 33,000 sq ft iconic building in the city’s central business district, has been given a facelift to showcase Samsung's mobile devices and other consumer electronic products. It has a service centre for phones and is equipped with high-speed public Wi-Fi. A customer will be able to enjoy VR experiences such as the 4D sway chair or the Whiplash Pulsar 4D chair that makes 360 degrees three-dimensional movements. |
| Source- The Economic Times |
 Idea Cellular Ltd has announced that it has completed its merger with Vodafone India Ltd (VIL) and Vodafone Mobile Services Ltd (VMSL) after getting approval from the National Company Law Tribunal (NCLT). Consequent to the merger of Vodafone Mobile Services with the company, the board has allotted 3,89,39,27,522 equity shares of Rs. 10 each to VIL (the shareholder of VMSL). |
| Source- The Hindu Business Line |
 Alphabet Inc’s Google has partnered with four Indian banks to grant consumer loans online, as the fight for a $1 trillion digital finance market intensifies. The U.S. search giant has teamed with HDFC Bank Ltd., ICICI Bank Ltd., Kotak Mahindra Bank Ltd. and Federal Bank Ltd. to offer instant, pre-approved loans to customers. California-based company re-branded its made-in-India Tez app as 'Google Pay' -- the catch-all label for its payments services. Google has claimed that it has 2.2 crore monthly active users on Google Pay. |
| Source- The Bloomberg |
 The Receivables Exchange of India (RXIL) announced that Hindustan Aeronautics (HAL) has become the first public sector enterprise to make a transaction on the "TReDS platform". According to the NSE-SIDBI joint venture, TReDS is an online electronic institutional mechanism for facilitating the financing of trade receivables of micro, small and medium enterprises (MSME) through multiple financiers. |
| Source- Business Standard |
 The Mukesh Ambani-led Reliance Industries Ltd (RIL) became the first Indian company to cross Rs 8 trillion market capitalization after its shares surged nearly 37% in 2018. RIL share prices rose 1.31% to hit a record high of Ra1,262.50, pegging its market cap at Rs8.01 trillion after data from the Telecom Regulatory Authority of India (TRAI) showed Reliance Jio continued to add subscribers at a healthy pace. |
| Source- The Livemint |
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