IdeaIndia.com Tech Update - Ed.16

IdeaIndia.com Tech Update - Ed.16

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IdeaIndia.com Tech Update - Ed.16 - 2 December 2019

 

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 IdeaIndia.com

Tech Update

#16

 

2 December 2019

 

FREE TO DOWNLOAD

 

© 2019 All Rights Reserved

 

 

IdeaIndia.com Tech Update Gives You a Quick Briefing about Disruptive Technology and the Digital Economy from India.

 

Thought for the Week: The telecoms sector still remains a concern, but there are some good signs in that investment in the tech sector, e.g. Intel, still continues.

 

This week:

 

Salcomp buys Nokia’s old Chennai plant: Apple component supplier, Salcomp has bought Nokia’s on handset factory in Chennai. This will, hopefully, give a boost to manufacturing in the State.

 

UberEats in India up for sale: Zomato and Swiggy are probably the main contenders for this business. This will consolidate food delivery in India. Zomato, backed by Ant Financial, might have the deeper pockets in this situation.

 

Intel to open development centre in Hyderabad: Intel is planning to open a development centre in Madhapur, Hyderabad (nicknamed “Cyberabad”). This will further enhance Telangana’s place as a high-end tech talent centre in India.

 

Ola diversification: Ola has moved its financial services unit out from its parent, ANI Technologies, with a view to raise money for this unit separately. Ola Money competes with the likes of Paytm, PhonePe and Google Pay.

 

5G spectrum auction still going ahead next year? With the Telecoms sector under financial strain, when will the 5G spectrum auction go ahead? Investment in 5G is crucial but with an extremely high CapEx. The telcos have raised tariffs this month and the Government has provided some relief by way of a temporary moratorium on fees to be paid by the telcos. This story will continue into 2020.

 

 

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