Tech
89% Indians wish to switch to 5G, most to change service provider to do so

As India gears up to usher in the 5G era, 89 per cent of consumers wish to upgrade to 5G network in India while 48 per cent would upgrade to 5G even if it calls for switching service providers, a new report showed on Monday.
5G adoption would boost video content streaming, gaming, and social messaging on smartphones.
According to the report by network intelligence and connectivity insights provider Ookla, 20 per cent of the Indian respondents would wait for their service providers to upgrade to the 5G network.
While 14 per cent of respondents intend to avail the services after upgrading to a 5G enabled handset, 7 per cent would wait for their current contract period to end.
Those that aren’t sure about the new technology will likely wait to see how attractive it is once others start using it.
Only 2 per cent stated that they don’t intend to upgrade to 5G.
“While mobile users in India are among the most data-intensive users in the world, India’s 4G/LTE networks have become a bottleneck for demand,” said Sylwia Kechiche, principal analyst, enterprise at Ookla.
“Now, that operators have acquired 5G spectrum, they start their race to become the first operators to go to market with 5G, with some already hinting that 5G deployments will begin in the next few months,” Kechiche added.
The findings showed that if mobile Internet connections were better, 70 per cent of respondents would increase their use of video streaming, while 68 per cent stated they would boost their mobile gaming.
Operators acquired a total of 44,960 MHz of spectrum in the 26 GHz spectrum band (mmWave), which due to its high throughput, is particularly useful for streaming and gaming.
Nearly 42 per cent of respondents believe that faster speeds would most improve service currently being provided to them.
The good news is that the operators’ spectrum holdings in the C-band will help them do just that, said the report.
Both Airtel and Jio splurged on C-band spectrum at auction, acquiring spectrum in all of the 22 telecom circles, while Vodafone acquired spectrum only in its priority circles.
In addition to faster speed, 24 per cent of respondents desire a more reliable connection, while 21 per cent want better indoor coverage.
Following the spectrum auction, Bharti Airtel has already contracted Ericsson, Nokia, and Samsung to deploy 5G services in August.
“Indian operators’ move to embrace Open RAN will drive network costs even lower. Another key factor is the 5G device ecosystem, with 5G smartphone prices falling since the technology launched,” the report mentioned.
Indian operators are already voicing their plans regarding network rollout, with Reliance Jio targeting a pan-Indian rollout coinciding with the “Azadi ka Amrit Mahotsav” on Independence Day, while Airtel plans to start 5G services in key cities across the country.
The report also revealed that the key reason for not upgrading to 5G is the perceived cost of the 5G tariff.
Just over a quarter of those who don’t plan to upgrade said that they think the 5G tariff cost would be too expensive, followed by 24 per cent stating lack of 5G knowledge as an issue, and 23 per cent not having a 5G capable phone, said the Ookla report.
Business
SIP inflows hit all-time high of Rs 26,632 crore in April: AMFI data

Mumbai, May 9: India’s mutual fund industry saw a historic surge in systematic investment plan (SIP) contributions in April, with investors pouring in a record Rs 26,632 crore last month, according to data by the Association of Mutual Funds in India (AMFI) released on Friday.
This marks the highest-ever SIP inflow for any month, the report said.
In April, 1.36 crore SIP accounts were either closed or matured as part of this process. However, investor interest remained strong. The number of active SIP accounts grew to 8.38 crore in April, up from 8.11 crore in March, showing that people are still keen on building long-term wealth through mutual funds.
April also saw the creation of 46 lakh new SIP accounts, higher than the 40.19 lakh new accounts opened in March.
AMFI said the spike in account closures was due to a planned clean-up and is likely to reduce sharply from May onwards.
“The sustained inflows underscore improving investor sentiment, supported by strong corporate earnings, resilient macroeconomic fundamentals, and a continued tilt towards equities as the preferred asset class,” said Himanshu Srivastava, Associate Director, Manager Research, Morningstar Investment Research India.
Notably, the absence of any major new fund launches during the month indicates that investors largely allocated capital to existing schemes — a testament to their confidence in the long-term growth prospects of Indian equity markets, he added.
The record-breaking investment came even as the industry undertook a large clean-up of inactive accounts.
Despite a slight dip in inflows into equity mutual funds, the overall mutual fund industry continued to grow rapidly.
Total assets under management (AUM) reached an all-time high of Rs 70 lakh crore in April.
This is a big jump from Rs 65.74 lakh crore recorded in March — showing strong investor confidence in the market.
Large-cap mutual funds, which had faced outflows in recent months, bounced back with net inflows of Rs 2,671.46 crore in April.
This was a slight increase from Rs 2,479.31 crore in March. According to the report, this suggest that investors are regaining interest in these relatively stable funds.
Mid-cap funds attracted Rs 3,313 crore during the month, a minor drop from Rs 3,438.87 crore in March.
Meanwhile, small-cap funds continued to perform steadily, drawing Rs 3,999.95 crore in April, only slightly lower than the Rs 4,092 crore they received the month before.
Tech
India Used Indigenous ‘Suicide Drones’ In Retaliatory Strikes On Terror Camps In Pakistan, PoK: Report

In retaliation to the deadly Pahalgam attack that claimed lives of 26 civilians, the Indian Army launched precision strikes on terror hideouts in Pakistan and Pakistan occupied Kashmir (PoK).
The operation, officially dubbed as Operation Sindoor, marked a significant shift in India’s tactical capabilities and showcased a new class of weaponry. The country reportedly used indigenously-built “suicide drones” in carrying out the mission.
The drones used in the strikes are officially known as Low-Cost Miniature Swarm Drones or Loitering Munition Systems (LMS). Developed jointly by Bengaluru-based Alpha Design and Israel’s Elbit Systems, the ‘SkyStriker’ is the variant believed to have been deployed. Unlike traditional UAVs, loitering munitions can hover over a target area before locking onto a target and striking with high precision.
Each SkyStriker drone can carry a 5 kg or 10 kg warhead and has an operational range of approximately 100 kilometers. It uses electric propulsion, making it nearly silent and ideal for low-altitude, covert operations. Designed to locate, track, and destroy operator-designated targets, the SkyStriker combines the flight characteristics of a drone with the destructive force of a missile.
According to defence sources cited by The Times of India, the Army had placed an emergency procurement order for around 100 of these drones in 2021. They are produced in an industrial facility in western Bengaluru and are considered cost-effective tools for precise strikes, especially against non-conventional threats.
The SkyStriker provides troops, including special forces, with the ability to conduct real-time reconnaissance and direct strikes without exposing personnel to risk.
However, India has not officially confirmed the deployment of these drones.
Business
Time for careful planning, not panic buying on defence stocks: Experts

Mumbai, May 7: In the midst of rising market volatility sparked by geopolitical tensions, experts on Wednesday urged investors to remain calm and take a calculated approach, especially while buying defence stocks.
Indian defence stocks traded flat amid heightened tensions with Pakistan after India successfully carried out ‘Operation Sindoor’.
Analysts suggested investors to adopt a wait-and-watch approach due to geopolitical risks.
“This is a time for careful planning rather than rushed decisions or panic buying,” said Dr Vikas Gupta, CEO and Chief Investment Strategist at OmniScience Capital.
Long-term investment opportunities continue to exist, especially in the defence sector.
He advised investors to avoid falling into fear or FOMO (fear of missing out) and, instead, maintain a watchlist of sectors and stocks that show strong long-term promise.
The key, according to Gupta, is to allocate capital gradually and rationally, rather than reacting emotionally to market noise.
However, Gupta emphasised that the defence sector stands out as a key area of focus.
“Defence companies, already holding strong order books, are likely to see further growth in orders due to Operation Sindoor,” he added.
“The attention now shifts to the pace of project execution, which could become more aggressive,” he stated.
According to market experts, defence stocks have already witnessed a significant run-up in recent sessions, particularly following the Pahalgam terror attack.
Gupta suggests that the results of this push may start reflecting in financials over the next few quarters to a couple of years, potentially driving revenue and profit growth.
Beyond conventional arms and ammunition, other critical defence-related areas are poised for growth, including cyber security, strategic minerals, rare earths, oil and gas, military EPC and defence logistics.
Meanwhile, shares of Bharat Dynamics, Hindustan Aeronautics, Bharat Electronics, and BEML remained largely unchanged.
Shipbuilding stocks such as Mazagon Dock Shipbuilders, Garden Reach Shipbuilders, and Cochin Shipyard also reflected a similar flat trend.
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