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Friday,03-December-2021

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Skylo partners with Sony Semiconductor Israel for 5G NB-IoT over Satellite

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Skylo, maker of the world’s most affordable and ubiquitous network that connects any machine or sensor, on Tuesday announced a partnership with Sony Semiconductor Israel (Sony, formerly known as Altair Semiconductor).

With this partnership, Skylo and Sony will be the first to develop and deploy cellular IoT chipsets (branded ‘Altair’) that can connect via geostationary satellites and that leverage the standardised, 5G-ready, NB-IoT protocol, according to a statement.

The partnership also makes significant contributions to 3GPP future specifications, which will help standardise and accelerate the adoption of NB-IoT over satellite.

In addition, this innovative new use of Sony’s Altair cellular IoT chipsets dramatically reduces the cost for IoT applications to connect via traditional satellite networks.

Until the launch of this solution, satellite connectivity was cost-prohibitive and required custom-built protocols.

Skylo, which was founded in late 2017 by researchers including Andrew Kalman, is building an efficient, global NB-IoT network over satellite for millions of presently unconnected devices, machines, and sensors.

Sony Semiconductor Israel is a leading provider of cellular IoT chipsets and, through this partnership, both parties have extended existing cellular IoT chipsets to communicate directly over Skylo’s hosted satellite network.

“For industries with assets deployed all over the globe – including marine vessels, vehicles, and industrial equipment – having access to a ubiquitous fabric of carrier-grade, affordable IoT connectivity that is enabled by Sony’s Altair cellular IoT chipsets is a game changer,” said Andrew Nuttall, Skylo’s co-founder and CTO.

“This partnership ensures our ability to continue to quickly scale the manufacturing and deployment of connector Skylo Hubs to our customers around the world,” he added.

“We are excited to work with Skylo and launch an entirely new IoT category for industrial machines,” said Dima Feldman, Vice President of Product Management and Marketing at Sony Semiconductor Israel.

“We’re impressed by the innovative way that Skylo has extended our chip functionality over satellites to expand the connectivity reach to the most remote locations and we look forward to helping Skylo bring billions of sensors online for the first time.

“In addition, the Altair field proven, ultra-low-power and ultra-small chipset solutions are ideal for the type of data exchange for industrial use cases,” added Feldman.

This new geostationary satellite connectivity is a technological breakthrough for Skylo. Any customer who is building IoT into their remote businesses can use familiar technologies like Bluetooth and WiFi in order to connect existing sensors to Skylo Hub.

Skylo is launching commercially this year over South Asia and can be accessed using the Skylo Hub, which is a portable satellite NB-IoT antenna terminal.

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Business

India’s Nov exports rise over 26%, imports over 57%

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India’s merchandise exports in November rose to $29.88 billion, higher by 26.49 per cent on a year-on-year basis, preliminary data showed on Wednesday.

Exports in November 2020 stood at $23.62 billion.

According to the data furnished by the Ministry of Commerce and Industry, last month’s exports rose by 15.93 per cent over November 2019.

“Value of non-petroleum exports in November 2021 was $26.06 billion, registering a positive growth of 18.1 per cent over non-petroleum exports of $22.06 billion in November 2020 and a positive growth of 18.69 per cent over non-petroleum exports of $21.95 billion in November 2019.”

The value of non-petroleum and non-gems and jewellery exports rose to $23.66 billion, registering a positive growth of 22.16 per cent over November 2020.

As per the data, India’s merchandise imports last month increased by 57.18 per cent to $53.15 billion over $33.81 billion in November 2020 and 37.96 per cent over $38.52 billion reported for the corresponding month of 2019.

“Value of non-petroleum imports was $38.47 billion in November 2021 with a positive growth of 39.9 per cent over non-petroleum imports of $27.5 billion in November 2020 and a positive growth of 40.12 per cent over non-petroleum imports of $27.45 billion in November 2019.”

“Value of non-oil, non-GJ (gold, silver & Precious metals) imports was $32.02 billion in November 2021 with a positive growth of 41.53 per cent over non-oil and non-GJ imports of $22.63 billion in November 2020 and a positive growth of 42.72 per cent over non-oil and non-GJ imports of $22.44 billion in November 2019.”

Consequently, India’s trade deficit last month widened by 128.30 per cent YoY to $23.27 billion from $10.19 billion while it increased by 82.48 per cent when compared to $12.75 billion reported for November 2019.

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Business

Fuel prices remain static barring Delhi

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Barring Delhi, the prices of diesel and petrol remained unchanged across major Indian cities on Thursday.

Accordingly, diesel and petrol prices in Delhi stood at Rs 86.67 per litre and Rs 95.41 per litre, respectively.

Notably, prices of petrol in Delhi had been static at Rs 103.97 per litre since the past one month.

Prices have fallen in Delhi as it reduced the value added tax on the fuel from 30 per cent to 19.40 per cent. This decision was taken during a Cabinet meeting chaired by Chief Minister Arvind Kejriwal on Wednesday.

In the financial capital Mumbai, petrol and diesel prices remained unchanged at Rs 109.98 and Rs 94.14 respectively.

Prices also remained static in Kolkata at Rs 104.67 and Rs 89.79 respectively.

In Chennai too, the prices of the two auto fuels remained constant at Rs 101.40 and Rs 91.43 respectively.

Across the country as well, the prices largely remained unchanged on Thursday, but the retail rates varied depending on the level of local taxes.

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Business

Equity indices extend gains, Power Grid top gainer

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The 30-scrip Sensitive Index (Sensex) extended gains from the previous session in early trade on Thursday.

At 9.30 a.m., the S&P BSE Sensex traded at 57,992 points, up 0.5 per cent.

It opened at 57,781 points from the previous close of 57,684 points.

Till now it touched a low of 57,680 points.

Besides, the broader 50-scrip Nifty at the National Stock Exchange (NSE) opened at 17,183 points after closing at 17,166 on Wednesday.

It traded at 17,264 points, up 0.6 per cent during the early-morning trade session.

Power Grid, Adani Green, BPCL, Mahindra and Mahindra, and IOCL were some of the top gainers during the early trade, the exchange data showed.

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