Information Technology (IT)

There were rumblings of a worldwide 5G network last year, but it seems telecom and tech companies everywhere may be ready to make it a reality this year. Tech companies are ready to release a new wave of innovations that will require 5G connections, which will be a boon to consumers and businesses everywhere. The future of 5G, which refers to the fifth generation of mobile networks, was the subject of a keynote panel at the 2018 Consumer Electronic Show , with industry experts giving their outlook on the potential of the wireless technology and what consumers and industries can expect in the next few years. Generally speaking, the upgrade will mean faster uploads and downloads and better support for many devices simultaneously. The first set of standards for 5G were approved in December by 3GPP , the governing body that oversees industrywide standards for telecoms. Major telecoms are currently staging their rollout of 5G, with companies Verizon and AT&T planni...

After falling sharply in the past two weeks there seems to be no respite as towards the fag end of the week indices erased all its weekly gains. The PNB fraud case which came to light during the week not only dragged the bank nifty but also dampened the sentiment across the street. Meanwhile, the country’s exports increased by 9% in January, while trade deficit touched a three-year high of USD16.3 bn due to an increase in crude oil imports. Banking stocks were in action as the Reserve Bank of India announced rules around bank loan defaults and abolishing a number of existing loan -restructuring mechanisms to create a “harmonised and simplified generic framework” to resolve NPAs. Retail CPI inflation slowed down a little to 5.07% in January, compared to 5.2% in December. On the other hand, India’s factory output expanded at 7.1% in December, slower than the 25-month-high growth of 8.8% in November For the week, Nifty and Sensex ended almost unchanged. The domestic equ...