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India’s Bharti Airtel falters in war with Reliance Jio

New lead airtel copy

Bloomberg In a war for the control of India’s billion-plus mobile-services market, tycoon Sunil Mittal seems to be floundering in the face of a juggernaut unleashed by Mukesh Ambani. For at least a fourth quarter in a row, Mittal’s Bharti Airtel Ltd shored up its profits with one-time gains, masking headwinds posed by upstart Reliance Jio Infocomm Ltd. Jio’s roll-out, ...

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Singapore to roll out 5G mobile networks by 2020

2nd lead 5g copy

Bloomberg Singapore’s mobile phone carriers are being asked to take a step towards introducing fifth-generation (5G) wireless services as early as next year as the government plans to allocate spectrum for at least two networks. The city-state’s telecom regulator will request proposals from the companies, which include Singapore Telecommunications Ltd and StarHub Ltd, later this year, the Infocomm Media Development ...

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India gold imports surge amid demand

Ban of export of gold articles above 22 carats purity in india.

Bloomberg Gold imports by India surged in April amid falling prices and higher demand ahead of the second-biggest gold-buying day in the Hindu calendar. Inbound shipments grew to 121 tons last month from 52.8 tons a year earlier, according to a person familiar with the data, who asked not to be identified as the information isn’t public. Shipments were higher ...

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