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The Dollar Business Bureau  With explosive growth recorded in data usage, led by lucrative offers from telecom operators such as Reliance Jio and Airtel, India is expected to become the second biggest 4G handset market by 2018, said a report by market research firm Counterpoint on Thursday.  With a projected installed user base of around 340 million 4G handsets, India will take over the US as the second biggest market. Currently having a user base of 150 million, India is placed just behind China and the US, said the report.  There is speculation that US would see the 4G installed base to rise 245 million from the current 225 million. India too is likely to witness an accelerated growth, led by rising usage ...

The Dollar Business Bureau Telecom major Bharti Airtel Ltd has acquired the 4G business of Tikona Digital Networks for Rs1,600 crore, to ramp up its capacity of a high-speed broadband spectrum to take on Vodafone-Idea Cellular and Reliance Jio Infocomm in a highly competitive telecom market which is witnessing rapid consolidation. The deal, which was announced just a few days after the merger of Vodafone and Idea, will give an edge to Bharti Airtel as the largest telecommunications company in India. Through this deal Bharti can gain access to Tikona’s 4G airwaves in five states of Gujarat, UP (West), UP (East), Rajasthan and Himachal Pradesh.  This will also bridge the gap between Bharti Airtel's pan-India 4G capacity and Reliance Jio and ...

Sairaj Iyer  Two important economies of South-East Asia - Bangladesh and India’s growth in the past decade provide ample evidence that they are the face of development in a dull-trade-market mired with terrorism, negative growth, and political & economic uncertainty. “With political and economic uncertainties (in the world) India and Bangladesh are the best options,” Md. Shahriar Alam, State Minister- Foreign Affairs, Government of Bangladesh said at the inaugural dialogue of the Second Gateway of India Geoeconomic Dialogue in Mumbai. The minister’s tete-a-tete, with MJ Akbar, Minister of State for External Affairs, Government of India, showed the bonhomie the two countries shared by benefitting mutually from their partnership and free trade. Despite uncertainties, the South East Asian markets are maintaining a steady growth. ...

The Dollar Business Bureau Reliance Defence Limited (RDL) on Monday said that it has signed an agreement with Emirates Defence Industries Co. (EDIC) to jointly develop defence products, ships, aviation and MROs.  “RDL and EDIC have agreed to jointly explore the opportunity for manufacturing and building capabilities in defense vehicles, aviation and associated areas, defence equipment and armament manufacturing, defence electronics, commercial and naval ships, MRO of military equipment/platforms,” the company said in a statement.  Through this MoU, the two companies will explore the opportunity in the UAE defense industry, where the costs for setting up facilities, recruiting and developing scientists and engineers are high.  This partnership is aimed at bringing synergy to cut down operational costs and leveraging each others’ ...

Source: PTI Anil Ambani-led Reliance Group has expressed a keen interest in playing a larger role in the growing economic ties between India and Qatar by expanding business cooperation with the Gulf country. Ambani called on Qatar's Prime Minister Sheikh Abdullah bin Nasser bin Khalifa Al Thani among other senior Qatari ministers during a visit to the oil-rich country on Sunday. Ambani highlighted the operations of Reliance Group in diverse sectors and discussed possible areas of interest for expanding business cooperation with Qatar to the mutual benefit of both sides. Accompanied by a team of senior executives, he discussed bilateral trade ties with Qatari dignitaries, underlining the group's keen interest in playing a larger role in the growing economic partnership between ...