5G: Airtel to use Qualcomm tech
Airtel and Qualcomm’s partnership will enable an array of use cases, including 5G fixed wireless access (FWA) that is designed to deliver broadband connectivity at gigabit speeds to homes and businesses, the telco said on Tuesday.Premium
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Bharti Airtel Ltd said it will use US chip-maker Qualcomm Technologies Inc.’s technology to roll out fifth-generation, or 5G, telecom services in India.
The tie-up with Qualcomm comes shortly after India’s second-largest telco became the country’s first operator to conduct live 5G demonstration, and claimed its network is ready for the next-generation wireless service. It beat rival Reliance Jio Infocomm Ltd, which is yet to hold trials on a commercial network.
Aon poll sees average India pay hike of 7.7%
Indian firms paid a 6.4% average hike in 2020.
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Indian companies are likely to hand out an average of 7.7% salary increase this year, with top performers projected to get as much as 60% in raises, the India Salary Increase Survey by consulting firm Aon said on Tuesday.
The pay hike will be better than most major economies, including Japan, the US, China, Singapore, Germany and the UK, where the average salary growth will be between 3.1% and 5.5%. Indian firms paid a 6.4% average hike in 2020.
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IT cos offer non-financial perks to contain attrition
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Information technology (IT) companies are offering non-financial perks to employees to reduce attrition levels, which are likely to go up as the demand for tech professionals bounces back. Employers this year are offering more leaves, career enhancement paths, and flexible work environment as benefits, besides salary hikes to retain employees.
Hiring has picked up across the spectrum in 2021 and voluntary attrition may rise from last year’s low levels when people found it risky to change jobs during the pandemic.
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SBI shelves plan to hive off Yono app
SBI is also looking to expand Yono Business through which it has made it easier for corporate customers to apply for letters of credit and bank guarantees.Premium
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State Bank of India (SBI) has shelved plans to hive off its super app Yono. It will instead build the app into a wider platform that can be used by rival lenders and add more capabilities to it.
“The potential for monetization is there, but the timeline for monetization is not. Yono has to be extended in a manner that goes beyond SBI, a senior banker aware of the matter said. “We will create a platform for Yono, which will be integrated with regional rural banks or cooperative banks. If they want to use it, they can. That is the larger objective of Yono. We call it the platformization of Yono. That’s a little away.