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India is considering a policy to mandate equipping smartphones with hardware to receive live TV signals without the need for cellular networks. It has proposed use of so-called ATSC 3.0 technology popular in North America that allows precise geo-locating of TV signals and provides high picture quality. The policy pushback is the latest from firms operating in India's smartphone sector. For India's government, the live TV broadcast features are a way to offload the congestion on telecom networks due to higher video consumption. Samsung tops India's smartphone market with a 17.2% share, while Xiaomi follows with a 16.6% share, according to research firm Counterpoint.

Persons: Shailesh Andrade, Munsif Vengattil, Aditya Kalra, Raju Gopalakrishnan Organizations: REUTERS, Samsung, Qualcomm, Reuters, Ericsson, Nokia, India Cellular and Electronics Association, Apple, Thomson Locations: Mumbai, India, DELHI, North America, South Korea, United States

☆ India's August wholesale price index falls 0.52% y/y
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +1 min

A worker carries a sack of potatoes at a wholesale market in Mumbai, India July 14, 2017. REUTERS/Shailesh Andrade/File Photo Acquire Licensing RightsNEW DELHI, Sept 14 (Reuters) - India's wholesale price index (INWPI=ECI) fell 0.52% in August from a year earlier, according to government data released on Thursday. Economists polled by Reuters had estimated the wholesale price index for August would fall 0.6%. Food prices rose 5.62% year-on-year, compared with a sharp rise of 7.75% in July, and manufactured product prices fell 2.37% in August, against a 2.51% fall the previous month. Reporting by Nikunj Ohri; Writing by Shivangi Acharya; Editing by Jacqueline Wong and Sharon SingletonOur Standards: The Thomson Reuters Trust Principles.

Persons: Shailesh Andrade, Shaktikanta Das, Nikunj Ohri, Shivangi Acharya, Jacqueline Wong, Sharon Singleton Organizations: REUTERS, Reuters, Reserve Bank of India, Thomson Locations: Mumbai, India, DELHI

☆ Column: India milestone shows its power emissions will surpass Europe's permanently
▼ + stars: | 2023-09-07 | by ( Gavin Maguire | Thomson Reuters | Gavin Maguire Is The Global Energy Transition Columnist. He Was Previously Asia Commodities | ) www.reuters.com time to read: +4 min

High-tension power lines are pictured outside a Tata Power sub station in the suburbs of Mumbai, India, August 8, 2017. At the same time, India's power emissions climbed 4.5% to new highs on the back of record use of high-polluting coal, which generates roughly 75% of India's electricity. SOFT PATCH/HIGH POINT OVERLAPDuring the April-June window, when India's emissions exceeded Europe's, India's total power use levels rose on high demand for air conditioning in the hottest months of the year. These conflicting approaches to energy sector management reflect the starkly different developmental phases of each market. India's government has established ambitious long-term goals for boosting renewable energy generation and lowering power sector emissions.

Persons: Shailesh Andrade, RC1F247F86F0, Gavin Maguire, Muralikumar Organizations: Tata Power, REUTERS, Union, Spain, Reuters, Thomson Locations: Mumbai, India, LITTLETON , Colorado, Europe, pare, Ukraine

☆ Mukesh Ambani’s succession planning is a bonus
▼ + stars: | 2023-08-29 | by ( ) www.reuters.com time to read: +2 min

Mukesh Ambani (R), Chairman and Managing Director of Reliance Industries, poses with (from 2nd R to L) wife Nita Ambani, children Isha Ambani, Anant Ambani, and Akash Ambani before addressing the company's annual general meeting in Mumbai, India July 21, 2017. REUTERS/Shailesh Andrade Acquire Licensing RightsMUMBAI, Aug 29 (Reuters Breakingviews) - The bar for Mukesh Ambani to impress is rising, including on succession. Planning is sensible, yet Reliance shares closed down 1.1%. Here, the top challenge may be getting public shareholders to match the $100 billion valuation the Qataris have set for the shopping unit. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Mukesh Ambani, Nita Ambani, Isha Ambani, Anant Ambani, Akash Ambani, Shailesh Andrade, Ambani, Isha, Akash, Anant, That’s, Shritama Bose, Didi, Una Galani, Thomas Shum Organizations: Reliance Industries, REUTERS, Rights, Reuters, Reliance, Reliance Retail, Jio Financial Services, X, White, Thomson Locations: Mumbai, India

[1/2] Mukesh Ambani (R), Chairman and Managing Director of Reliance Industries, poses with (from 2nd R to L) wife Nita Ambani, children Isha Ambani, Anant Ambani, and Akash Ambani before addressing the company's annual general meeting in Mumbai, India July 21, 2017. With Mukesh Ambani in his late 60s, "the time is probably right ... "This is also an attempt by Mukesh Ambani to ensure the next generation of Ambani siblings stay close to one another and do not have any discord." He is already the chairman of Reliance Jio Infocomm Limited, the telecom arm of Reliance. Akash's twin sister Isha is driving the expansion of Reliance Retail into new categories and geographies, and is already a director on the boards of the retail unit, Reliance Retail Ventures, which houses the conglomerate's bets in India's brick-and-mortar and e-commerce industries.

Persons: Mukesh Ambani, Nita Ambani, Isha Ambani, Anant Ambani, Akash Ambani, Shailesh Andrade, Isha, Akash, Ambani, Anant, Arun Dasmahapatra, Dhirubhai Ambani, Mukesh, Anil, Nita, Munsif Vengattil, Aditya Kalra, Tom Hogue, Mark Potter Organizations: Reliance Industries, REUTERS, India's Reliance Industries Ltd, Monday, Reliance, Brown University, Meta, Infocomm, Reliance Retail, Reliance Retail Ventures, Qatar Investment Authority, Investors, giga, Thomson Locations: Mumbai, India, BENGALURU, Jio, Bengaluru

☆ India's Reliance expects to soon list shares of its financial unit
▼ + stars: | 2023-08-06 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Shailesh Andrade/File PhotoNEW DELHI, Aug 6 (Reuters) - Reliance Industries Ltd (RELI.NS) hopes to soon list shares of its financial services unit, Reliance Jio Financial Services Ltd, to unlock value for shareholders, the company said in its annual report. A listing date for Jio Financial Services is widely expected to be announced at Reliance's forthcoming annual general meeting. Ambani said Jio Financial Services wants to provide simple, affordable and innovative digital first solutions. "Jio Financial Services along with its subsidiaries will leverage the technological capabilities of Relianceand digitally deliver financial services, democratising access to financial services offerings for Indian citizens," he said. Reliance has offered its shareholder one share of Jio Financial Services for one share of Reliance.

Persons: Shailesh Andrade, Mukesh Ambani, Ambani, Nidhi Verma, Giles Elgood Organizations: Reliance Industries, REUTERS, Reliance Industries Ltd, Reliance, Financial Services Ltd, Financial, Jio Financial Services, Financial Services, BlackRock Inc, Thomson Locations: Mumbai, India

☆ India's TCS receives $1.83 bln-worth advance purchase order from BSNL
▼ + stars: | 2023-05-22 | by ( ) www.reuters.com time to read: 1 min

[1/2] A private security guard stands at the exit gate of the headquarters of Tata Consultancy Services (TCS) in Mumbai, India October 13, 2016. REUTERS/Shailesh AndradeBENGALURU, May 22 (Reuters) - Tata Consultancy Services (TCS.NS) on Monday said it received an advance purchase order valued over 150 billion rupees ($1.83 billion) to deploy a 4G network across the country from Indian state-run telco Bharat Sanchar Nigam Ltd (BSNL.NS). ($1 = 81.7800 Indian rupees)Reporting by Navamya Ganesh Acharya in Bengaluru; Editing by Janane VenkatramanOur Standards: The Thomson Reuters Trust Principles.

☆ India's exports likely to touch $900 bln in 2023/24 -exporters
▼ + stars: | 2023-05-04 | by ( Manoj Kumar | ) www.reuters.com time to read: +2 min

REUTERS/Shailesh AndradeNEW DELHI, May 4 (Reuters) - India’s exports of goods and services could touch $900 billion in the current financial year, up from $770 billion in the previous year, keeping resilient despite global headwinds, a top official of a grouping of exporters said. India’s exports have increased by more than $200 billion in the last two years, led by a surge in exports of software, mobile exports, and agricultural and petroleum products. Exports of agricultural, petroleum, and electronic goods remained strong in the Western markets due to pricing factors while exports to Asian and Middle east countries have grown substantially, exporters said. "Indian exporters are hopeful that both countries would soon work out a mechanism allowing payments in local currencies that would facilitate the shipments of Indian goods to Russia," Sahai said. But Indian officials have said Russia was reluctant to accept payments in the rupee currency for its oil exports.

☆ India tests domestic operating system days after Google's antitrust setback
▼ + stars: | 2023-01-24 | by ( ) www.reuters.com time to read: +2 min

[1/2] Commuters watch videos on their mobile phones as they travel in a suburban train in Mumbai, India, April 2, 2016. REUTERS/Shailesh Andrade/File Photo/File PhotoNEW DELHI, Jan 24 (Reuters) - India's government on Tuesday tested locally developed mobile operating system BharOS, a move seen as challenging the dominance of Google's Android just days after the U.S. giant suffered a major antitrust setback in the country. The government endorsement of the operating system comes after Google lost its fight in India's Supreme Court to block an antitrust order that will force the company to change how it markets its Android operating system. Prime Minister Narendra Modi has been pushing for self-reliance to boost and promote everything from local manufacturing to domestic startups. The operating system has been developed by a startup incubated at an Indian Institute of Technology in southern India.

☆ Reliance group, Adani bid for India's debt-ridden Future Retail
▼ + stars: | 2022-11-10 | by ( Nupur Anand | ) www.reuters.com time to read: +2 min

[1/2] Labourers rest in front of an advertisement for Reliance Industries at a construction site in Mumbai, India, March 2, 2016. April Moon Retail Private Ltd, a joint venture between Adani Airport holdings and Flemingo group, Reliance Retail ventures as well as 13 other firms have submitted expressions of interest (EOIs) for Future Retail. Future Retail's court-appointed resolution professional (RP), Reliance Industries and Adani group did not immediately respond to emails seeking comment. The deadline for submission of EOIs ended earlier this month for Future Group's flagship retail unit, Future Retail, which was once the country's second-largest retailer. Other entities that have submitted EOIs include Shalimar Corporation Ltd, Nalwa Steel & Power, United Biotech, WHSmith Travel, Capri Global Holdings.

☆ India’s bond inclusion will be overdue and timely
▼ + stars: | 2022-09-26 | by ( Una Galani | ) www.reuters.com time to read: +4 min

REUTERS/Shailesh AndradeMUMBAI, Sept 26 (Reuters Breakingviews) - A bear market might be a good time to step onto the world stage. India’s sovereign debt is widely expected to be added to the JPMorgan Emerging Market Bond index, tracked by some $220 billion of assets under management. Overall, foreigners own less than 2% of the sovereign market, compared to about 10% in China and over 20% in Indonesia, according to estimates by Morgan Stanley. Inclusion might quickly shepherd over $20 billion of passive funds that track the benchmark, assuming India gets a 10% weighting, matching China and Indonesia. India spread over U.S. bonds is shrinkingFollow @ugalani on TwitterCONTEXT NEWSIndia is expected to be added to JPMorgan’s key emerging market bond index this month, according to multiple analyst and media reports.

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