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 By  Muntazir Abbas ETTelecom Homegrown telecom companies have denied any cost escalation and said that the government should prevent predatory pricing in the Bharat Sanchar Nigam Limited's (BSNL) telecom equipment supplies to ensure the success of Atamanirbhar Bharat (self-reliant India). NEW DELHI: Homegrown telecom companies have denied any cost escalation and said that the government should prevent predatory pricing in the Bharat Sanchar Nigam Limited's ( BSNL ) telecom equipment supplies to ensure the success of Atamanirbhar Bharat (self-reliant India). "In order to make  Atmanirbhar Bharat  successful, the government must ensure that predatory prices from a certain country are checked and public sector firms' tenders shouldn’t have any restrictive conditions so that the domestic companies can bid and win on merit basis," a top executive of domestic company said. The Indian makers and suppliers of telecom network products have reacted sharply to the BSNL'...

 By Anniek Bao ET China's top-level push to nurture semiconductor champions as it reels from an unfolding tech war with the U.S. has not gone to plan. The giant cash splash has been diluted among thousands of small companies without the talent or know-how to compete with global giants, according to Wang Lin, a partner at venture investment rm Walden International Inc. China’s drive to become more self-suicient in the tiny processors that power everything from smartphones to self-driving cars has been at the center of its tech rivalry with the U.S. But breaking into this technology-intensive industry typically requires billions of dollars in investment, strong technical expertise and plenty of highly skilled sta. As the government is incentivizing chip designers and manufacturers with generous state subsidies and favorable policies, more than 13,000 Chinese companies have registered as semiconductor-related businesses in the rst nine months this year, according to data from corporat...

 By Nirmal John ET India’s CISO community is pissed. And rightly so. As if ghting an assortment of attack vectors malicious actors unleash from across the world and wrestling with their management and boards for more money to defend their company weren’t enough, chief information security oicers (CISOs) have something new getting their goat. Cyble Inc, an Atlanta-based company, has been getting under their skin, slowly and steadily, over the last many months. It employs a number of Indians and is co-founded by Beenu Arora, an NRI. Arora, who has become something of a hated gure for many, has been into cybersecurity and consulting for the best part of a decade and half. He joined an executive MBA oered jointly by the London Business School and Columbia Business School, which he claims gave him the impetus to start Cyble. The reason why CISOs are annoyed is that they feel Cyble operates in a manner reminiscent of old-school villains. According to conversations with multiple CISOs, th...

 By  N Sundaresha Subramanian ET Homegrown chartered accountantand consultancy rms are crying foul, alleging that the selection criteria applied by several public-sector undertakings (PSUs) while awarding work are unfavourable and against the spirit of the Prime Minister’s ambitious Atmanirbhar Bharat campaign. Calling it a deliberate attempt to favour the Big Four, they are blaming the state-owned behemoths for keeping Indian rms out of work by drafting conditions that aid only multinational entities. From Oil India Ltd (OIL) to Bharat Heavy Electrical Ltd (Bhel), several PSUs are seen either bluntly limiting tenders to the Big Four or cleverly couching the prequalication criteria to pre-empt the participation of potential competitors domiciled in India. The latest to join that list has been stateowned natural gas processing and distribution major Gail. In September, the state-owned Maharatna published a tender notice in which the rankings given by a foreign publication was t...

Pravin Palande Economictimes The Indian equity markets have been trading at an alltime high with the Nifty 50 at 12,938 and the Sense at 44,180 as on November 18. Over the last six months, the Nifty is up 42%. Developed markets are printing money to protect against the Covid-19 meltdown. And Pzer and Moderna vaccine trail results have boosted stock markets across the world. The net eect: the market is slush with liquidity. In the last two months the market has gone up 11%, as FIIs have bought equities worth USD8 billion. All this is leading to crazy valuations with the Nifty at a PE of 35x. FOMO (fear of missing out), invest in the equity market and eventually lose out. Fund managers, too, have ridiculed retail investors as they enter at the peak, don’t make returns, and then blame the mutual funds. They have a point. Investors often stop investing when markets are down and enter the market at an all-time high. However, investors do not lose money because they come in at the peak. It’s...

  ETTelecom Kolkata:  Vodafone Idea  Ltd (Vi) has received Rs 3,760.1 crore in cash by selling its 11.15% stake in  Indus Towers  to the entity created after the completion of the merger of the tower company with  Bharti Infratel . The merged entity — named Indus Towers Ltd — will be one of the world’s biggest telecom tower companies with 1,69,000 towers and will be headed by Bimal Dayal as the MD and CEO. It will have a new board comprising the likes of  Bharti Airtel  CEO Gopal Vittal and Vodafone Idea MD Ravinder Takkar as non-independent directors. Bharti Infratel Chairman Akhil Gupta, along with six others, resigned from the board. “Vi had elected to receive cash pursuant to the right available to certain shareholders as per clause 1.2 of Part C of the (merger) scheme…it has received cash consideration of Rs 3,7,60.1 crore for its 11.15% shareholding in Indus,” Bharti Infratel said in a late evening exchange filing after market hours on Thurs...

  By Teena Thacker ET Bureau Synopsis A participant in phase 1 clinical trials of the Covid vaccine being developed by Bharat Biotech in collaboration with Indian Council of Medical Research (ICMR) fell ill and had to be hospitalised after taking the shot in July, but the trials were not halted and no public disclosure was made. New Delhi: A participant in the phase 1 clinical trials of the Covid vaccine being developed by Bharat Biotech in collaboration with Indian Council of Medical Research (ICMR) fell ill and had to be hospitalised after taking the shot in July, but the trials were not halted and no public disclosure was made. A senior government official told ET that the matter was examined by the Data and Safety Monitoring Board (DSMB) of the sponsor and the report was shared with the Drug Regulatory Authority.  It was concluded that the ‘serious adverse event’ was unrelated to the vaccine. “The matter was examined and it was not a big thing that required the ongoing tri...

  Bharti Enterprises chairman Sunil Mittal, who took over as executive chairman of OneWeb, said the satellite firm plans to offer broadband services in India by May/June 2022, and is currently in talks with the Indian Space Research Organisation and other authorities. Bharti Enterprises  chairman  Sunil Mittal , who took over as executive chairman of  OneWeb , said the satellite firm plans to offer  broadband services  in India by May/June 2022, and is currently in talks with the Indian Space Research Organisation and other authorities. Mittal told ET’s Romit Guha that OneWeb's broadband services will not conflict with  Bharti Airtel 's mobile services as it will serve areas such as deserts and mountainous regions, which are currently unconnected but has demand for such services. Edited excerpts: Does Bharti Global plan more investments into OneWeb in the near term? We need a total of $2 billion, out of which $1 billion has already been committed - $50...