Telecom
Mukesh Ambani's Reliance Group could soon rank among India's largest companies by market value following the Jio Platforms IPO. The move is expected to give the group nearly 7% of BSE's total market capitalization.
Reported by AI
Jio Platforms intends to use proceeds from its planned initial public offering to repay nearly $3 billion in external commercial borrowings held by its telecom unit.
Aviat Networks disclosed weaker-than-expected sales and profitability for its fiscal third quarter of 2026. Management attributed the shortfalls to project delays from the Middle East conflict and demand shifts by major customers. An analyst has downgraded the stock to Hold.
Reported by AI
Inseego has announced the acquisition of Nokia's Fixed Wireless Access consumer premises equipment operations, known as the FastMile brand. The deal is expected to double the company's revenue and expand its international presence. Nokia is effectively paying Inseego to take over the loss-making unit.
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