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India to see 500 mn 5G mobile subscriptions by 2027: Report

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The 5G technology will represent around 39 per cent of mobile subscriptions in India at the end of 2027, estimated at about 500 million subscriptions, a new Ericsson report said on Tuesday.

The number of smartphone subscriptions is expected to be 810 million at the end of 2021 and is projected to grow at a CAGR of 7 per cent, reaching over 1.2 billion by 2027 in the country, according to the mobility report by Swedish telecommunication giant Ericsson.

The average traffic per smartphone in the India region is the second-highest globally and is projected to grow to around 50GB per month in 2027.

“Total mobile data traffic in India has grown from 9.4 EB (exabyte) per month in 2020 to 12 EB per month in 2021 and is projected to increase by more than 4 times to reach 49EB per month in 2027,” the report projected.

According to Nitin Bansal, Head of Ericsson India and Head of Network Solutions for South east Asia, Oceania and India, Ericsson, 5G will serve as a socio-economic multiplier for the country.

“We are preparing the communication service providers for a seamless introduction of 5G in the country based on our global deployment experience , our innovative and competitive 5G portfolio as well as the 5G trials we are doing with Indian operators to showcase the possibilities with 5G,” Bansal said in a statement.

In the India region, 4G is expected to remain the dominant technology in 2027, however the 4G subscriptions are forecast to drop from 790 million in 2021 to 710 million in 2027, showing an annual average decline of 2 per cent.

The reliance on mobile networks to stay connected and work from home has contributed to the average traffic per smartphone increasing to 18.4GB per month in 2021, up from 16.1GB per month in 2020.

The average traffic per smartphone in the India region is the second-highest globally and is projected to grow to around 50GB per month in 2027, the report mentioned.

Ericsson recently carried out 5G trials with Airtel and Vi, where it demonstrated enhanced mobile broadband and Fixed Wireless Access (FWA) use cases with 5G.

Globally, there has been almost 300-fold increase in mobile data traffic since 2011, the report noted.

Business

Zomato to trade as ‘Eternal’ on stock exchanges, brand name remains the same

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New Delhi, Feb 6: Food-tech giant Zomato on Thursday officially changed the company’s name to Eternal, following an approval from its board.

In a stock exchange filing, the online food aggregator said that when we acquired Blinkit, we started using “Eternal” (instead of Zomato) internally to distinguish between the company and the brand/app.

“We also thought that we would publicly rename the company to Eternal, the day something beyond Zomato became a significant driver of our future. Today, with Blinkit, I feel we are there,” said Deependra Goyal, Co-founder of Zomato.

The group CEO added that “we would like to rename Zomato Ltd., the company (not the brand/app), to Eternal Ltd”.

Despite the name change, the Zomato app will continue to operate under its existing name. However, the company’s stock ticker will now be updated from Zomato to Eternal.

Eternal will serve as the umbrella brand for four major businesses — Zomato, Blinkit, District and Hyperpure.

These divisions represent the company’s growing presence in food delivery, quick commerce, dining services, and supply chain solutions.

Meanwhile, the online food delivery giant clocked a 57 per cent decline in net profit (year-on-year) at Rs 59 crore in Q3 from Rs 176 crore in the same period last fiscal.

However, the company’s revenue from operations increased by 64 per cent to Rs 5,404 crore in the latest quarter earnings announced on January 20.

The expenses of the Gurugram-based food giant rose to Rs 5,533 crore.

In a letter to shareholders on January 20, the company shared updates on its progress and expansion plans, stating that it aims to open 1,000 new Blinkit stores by December this year.

This announcement was made along with the financial results for Q3 ended on December 31, 2024.

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Business

MG Astor 2025 Launched with Panoramic Sunroof, Priced Starting at Rs 9.99 Lakh

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JSW MG Motor India has launched the 2025 editions of the MG Astor, now enhanced with a range of new features across its Shine and Select variants. The Shine variant now comes equipped with a panoramic sunroof and six speakers, making it the only SUV in its segment to offer a panoramic sunroof under Rs 12.5 lakh.

Additionally, the Select variant steps up the comfort and safety with six airbags and premium ivory leatherette seats. The 2025 MG Astor, touted as India’s first AI-enabled SUV, will be available in multiple variants – Sprint, Shine, Select, Sharp Pro, and Savvy Pro – starting at a competitive price of Rs 9.99 lakh ex-showroom.

The base Sprint variant with the 5MT option is priced at Rs 9.99 lakh, while the Shine variant is available for Rs 12.47 lakh. The Select variant, offering a higher level of features, is priced at Rs 13.81 lakh, and the Sharp Pro is priced at Rs 15.20 lakh. For those preferring an automatic transmission, the VTi-TECH 8CVT variants are available, with the Select variant priced at Rs 14.84 lakh, the Sharp Pro at Rs 16.48 lakh, and the top-tier Savvy Pro available for Rs 17.45 lakh in Ivory and Rs 17.55 lakh in Sangria Red. This expanded powertrain range provides more options for customers, further elevating the Astor’s appeal as a versatile and feature-packed SUV.

2025 MG Astor is also equipped with 14 Autonomous Level 2 features, powered by mid-range radars and a multi-purpose camera, enabling a range of advanced driver-assistance systems (ADAS). Safety is a top priority with over 50 features built into the vehicle, while the premium interiors and panoramic sunroof ensure maximum comfort on every drive. The 2025 edition of the Astor is available with three powertrain options: a 1.5 L MT, 1.5 L CVT, and a 1.3 Turbo AT, giving customers more flexibility in choosing the perfect setup for their needs.

MG Astor 2025 is packed with a range of innovative features designed to enhance convenience and security. The SUV comes with ventilated seats in the front row, a wireless charger, and seamless connectivity through wireless Android Auto and Apple CarPlay. An auto-dimming IRVM adds to the safety, while the upgraded i-SMART 2.0 system, with its Advanced User Interface, provides a smarter and more intuitive driving experience. The Astor is equipped with over 80 connected features, including the JIO Voice Recognition system, which allows users to access real-time information such as weather, cricket updates, news, and more using voice commands. For added security, the vehicle offers Anti-Theft protection and Digital Key functionality, ensuring peace of mind even in areas with no network connection.

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India ranked among world’s top 3 countries for Green Building Certification in 2024

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New Delhi, Feb 6: India retained its third spot on the US Green Building Council’s (USGBC) annual list of top 10 countries and regions for LEED (Leadership in Energy and Environmental Design) in 2024 with 370 projects, across both buildings and spaces, being certified for LEED in the country covering 8.50 million gross square metres (GSM).

India has consistently ranked among the top three countries for LEED certifications, underscoring its dedication to achieving the United Nations’ Sustainable Development Goals (SDGs) for 2030.

The ranking reflects India’s focus on combating climate change and promoting environmentally conscious practices through green development initiatives. LEED certifications in India are managed by the Green Business Certification Inc (GBCI), which works to accelerate the adoption of green buildings nationwide.

China topped the rankings with over 25 million GSM certified followed by Canada with 10 million GSM. The annual ranking by USGBC highlights the significant progress made by countries and regions outside the United States in adopting healthy, sustainable and resilient building design, construction and operations.

GBCI MD, Southeast Asia & Middle East, Gopalakrishnan Padmanabhan, said: “India’s remarkable achievement of 370 LEED-certified projects in 2024 highlights the country’s steadfast commitment to sustainable development and climate action. With 8.50 million GSM of green-certified space, India is not only addressing the growing need for sustainable urban infrastructure but also making significant strides towards achieving the United Nations’ SDGs for 2030. As the nation continues to expand its urban footprint, the adoption of green building practices will be central to improving community well-being and mitigating climate change. India’s ongoing push for net-zero emissions by 2070 further solidifies its leadership in the global movement for a sustainable future.”

India’s growing real estate market is increasingly aligned with sustainable practices. The expansion of LEED certifications beyond commercial spaces to industrial, residential, and educational sectors underscores the country’s commitment to its net-zero targets and sustainable growth. As LEED continues to evolve, India remains a global leader in green building practices, inspiring other nations to prioritise sustainability in their built environments, according to a GBCI statement.

This year marks the 25th anniversary since the USGBC launched the LEED rating system. Since its establishment in 2000, USGBC’s LEED metrics-based system has set the standard for rating and promoting healthy, resilient, sustainable, and efficient buildings. It has become the world’s most widely used green building program aimed at empowering the sector to decarbonise.

USGBC is finalising its later iteration of the rating system–LEED v5. The final version will be released later this year and will reflect the feedback received from the community.

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