TELECOM
IPOs could raise up to $25 billion in 2026, too, despite D-St caution
India's primary market anticipates a strong showing in 2026 with several large IPOs. Companies like Jio Platforms, National Stock Exchange, Zepto, PhonePe, Manipal Hospitals, and SBI Funds Management are set to launch. These issuances could collectively raise around ₹1 lakh crore. While deal numbers may decrease, the overall value is expected to remain robust.
Public sector banks told to take quantum leap in encryption for added security
Indian banks are preparing for a quantum computing future. The finance ministry has asked public sector banks to explore quantum-resistant encryption. This move aims to secure financial systems against future threats. Experts warn quantum computers could break current encryption. India's National Quantum Mission is also building a quantum communication network.
Ericsson India revenue grows 29% to Rs 4,228 crore in March quarter
Swedish telecom firm Ericsson saw a significant 29 percent revenue jump in India for the quarter ending March 31, 2026. This growth was fueled by ongoing 5G rollouts and network upgrades across the country. India emerged as a key contributor to Ericsson's global performance, showcasing strong market momentum.
TVS Supply settles dispute with ZTE, withdraws insolvency plea in NCLAT
TVS Supply Chain Solutions has settled its debt dispute with ZTE Telecom India. The company withdrew its appeal against an order that rejected insolvency proceedings. The National Company Law Appellate Tribunal allowed the withdrawal. This development follows a previous dismissal of insolvency proceedings by the National Company Law Tribunal due to a pre-existing dispute.
IPO activity remains muted next week with just one issue opening; three listings lined up
The primary market anticipates a quiet week with only one new IPO, Leapfrog Engineering Services, opening for subscription. Three companies, Mehul Telecom, Citius Transnet InvIT, and Property Share Investment Trust, are scheduled to list after previous offerings. Investor sentiment appears cautious, reflected in zero grey market premiums for all upcoming listings, suggesting expectations of flat debuts.
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 36%
Whether you are a trader or an investor, there is one thing to watch carefully in the coming days: Earnings. The reason why this is important is because the market is likely getting into sector-specific mode and there will be sectors which will outperform while others stay under pressure. Our selected stocks for today depict a strong upward trajectory in their overall average score which is based on five key pillars: Earnings, fundamentals, relative valuation, risk, and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
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RIL to announce Q4 earnings on April 24; board to consider final dividend
Reliance Industries will announce Q4FY26 earnings on April 24 as its board meets to approve results and consider final dividend for FY26 followed by an analyst meet to discuss performance and outlook

India drops proposal to mandate national ID app Aadhaar on smartphones after pushback
India's government has dropped a proposal to pre-install the Aadhaar app on smartphones. This decision follows opposition from smartphone makers like Apple and Samsung. They raised concerns about security, costs, and manufacturing. Privacy advocates also criticized Aadhaar due to past data leaks. The government previously withdrew a similar mandate for a telecom app.

Reliance Jio IPO delayed? India's largest public offer has some good news in May
Reliance Industries is reportedly planning to file draft IPO paperwork for Jio Platforms in May, incorporating full fiscal year earnings. This revised timeline, pushed back from March due to market downturns, aims to present a more favorable investor picture. The listing could be India's largest-ever IPO.

Global streaming platforms trade control for scale in India’s OTT market
Streaming powerhouses are choosing to partner with Indian digital platforms, looking to delve into the rapidly expanding OTT market without significant risk. Leaders like BBC, Disney+, and Warner Bros Discovery are leveraging local expertise to tap into a massive user base.

'From Guna to Bharat': MP youth who once earned Rs 5 per piece now brings internet to places Airtel, Jio haven’t reached
What began as a child earning Rs 5 per piece in a small town has grown into a business that delivers internet to some of India’s hardest-to-reach places, showing how persistence and skill-building can quietly bridge gaps that even large companies have yet to fill.

Mehul Telecom IPO opens for subscription. Check GMP, price band, and other details
Mehul Telecom's SME IPO is now open, seeking growth capital with a modest grey market premium suggesting a slight listing gain. The Rs 28 crore issue, priced at Rs 96-98, aims to boost working capital and general corporate needs.

Sebi, DoT join forces to curb market frauds via real-time data sharing platform
Securities and Exchange Board of India and Department of Telecommunications signed an MoU to share real-time intelligence via Digital Intelligence Platform, enhancing fraud detection, telecom monitoring, and investor protection across India’s rapidly growing digital securities market ecosystem.

CG Power arm Axiro, MPower invest in Japanese AI chipmaker EdgeCortix
Axiro Semiconductor and MPower Partners have made a significant leap by investing in EdgeCortix, a trailblazing firm from Japan dedicated to advancing energy-efficient AI technology. This funding is set to expedite EdgeCortix’s innovations in next-gen platforms tailored for Generative and Agentic AI applications.

Mutual funds keep buying Vodafone Idea shares for third straight quarter
Mutual funds have raised their stake in Vodafone Idea for the third straight quarter, signalling steady institutional confidence despite the stock’s weak performance. Holdings climbed to 5.9% in March 2026, even as FIIs trimmed exposure. With the stock trading below key moving averages, analysts maintain a cautious “Hold” outlook.

RailTel Corporation shares jump 11% on Rs 608 crore order wins
RailTel Corporation shares surged on Wednesday after the company secured multiple orders worth around Rs 608 crore, including major infrastructure contracts from RVNL and a recruitment services deal in Uttar Pradesh. Both projects are domestic in nature and are scheduled for completion by April 12, 2028.

Indus Towers: Jefferies cuts rating to underperform, gives reasons for bear outlook
Jefferies downgraded Indus Towers to underperform, cutting its target amid contract renewal risks, rising capex, and competitive pressures. Potential tenant discounts, lower renewals, and high maintenance costs may weaken revenues, earnings growth, and limit dividend payouts over the medium term.

Ceasefire not good for stock market? BNP Paribas cuts Nifty target for 2026, but picks 9 stocks
BNP Paribas turned cautious on India’s markets after the crude spike, cutting its 2026 Nifty target to 25,500 and warning of fiscal and earnings pressure. Still, the brokerage sees opportunities in defensives and strong private-sector lenders, naming nine stocks—including M&M, Infosys, Titan and HDFC Bank—as likely outperformers.

Indian companies turn to outsourced cybersecurity to bridge talent gap
India’s cybersecurity outsourcing market is growing as companies adopt SOC-as-a-service due to talent shortages, high costs, and complex threats. Mid-sized firms lead demand, especially in BFSI, telecom, and IT. Hybrid models dominate, with AI-driven automation improving efficiency, while human oversight remains essential in managing evolving cyber risks and responses.

India Inc stares at a reckoning as Mythos rewires cybersecurity
Indian enterprises could be facing a structural cybersecurity risk after the release of the advanced AI model Mythos by Anthropic. As Mythos begins finding software vulnerabilities in hours, far faster than companies can fix them, experts said this could leave systems exposed, especially in sectors like banking and telecom that rely on older systems.

Paid music streaming hits the right note as free users fade
India's music streaming sector is seeing strong growth. Paid subscribers have increased significantly and are expected to rise further. Affordable plans, telecom bundles, and better payment systems are boosting numbers. Streamers are also focusing on regional content and superior audio quality. Live events are seen as a future differentiator.

Telecom infrastructure, gear makers face disruptions
Telecom operations in India are facing significant challenges. The ongoing conflict in West Asia is disrupting tower connectivity and increasing costs for imported equipment. Restrictions on diesel sales are hindering essential refuelling for telecom towers. Power outages are also a concern, increasing reliance on diesel generators. Supply chains for tower manufacturing are affected, potentially delaying network expansion.

Broadcast ecosystem may be headed for regulatory reset
India's broadcast sector is set for a major regulatory overhaul. TRAI is planning a broad review of pricing, distribution, and platform rules. This comes after the New Tariff Order faced criticism for not ensuring affordability and transparency. The move aims to address structural concerns and adapt to changing consumer habits and competition from streaming services.


The unconventional logic behind SpaceX's $1.75 trillion price tag
Wall Street is employing unconventional benchmarks, comparing SpaceX to tech firms like Palantir and AI infrastructure players, to justify a potential $1.75 trillion IPO valuation. This approach aims to capture the company's unique secular growth potential, moving beyond traditional aerospace and telecom comparisons. Investors are betting on Elon Musk's vision and SpaceX's disruptive capabilities in space and connectivity.

US considers new crackdown on Chinese telecom companies, FCC says
America's Federal Communications Commission is considering a significant move. Three major Chinese telecom firms, China Mobile, China Telecom, and China Unicom, might be prohibited from running data centers within the United States. The FCC also plans to stop other carriers from connecting with these companies. This action stems from national security concerns.

Trai weighs direct satellite-to-mobile communication services
India's telecom regulator Trai is exploring direct satellite communication to mobile phones. This aims to provide seamless connectivity across rural and remote areas. Trai is seeking public views on using spectrum for this Direct-to-Device service. The move could bring satellite services on par with mobile providers. Decisions on spectrum usage are pending international conferences.

TRAI proposes voice-SMS only plans across validity periods; seeks comments till April 28
TRAI is proposing new rules for telecom companies. These rules aim to increase the availability of plans that offer only voice calls and SMS. This is to help users who do not need data services. Telecom operators will need to offer voice and SMS-only options for every bundled plan. These new plans will be cheaper than bundled offers.
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