Telecom

India’s largest public sector lender, the State Bank of India (SBI), has formally categorized the loan account of Reliance Communications as fraudulent, escalating a long-standing financial saga involving the telecom company once led by Anil Ambani. SBI’s decision follows months of unanswered concerns over financial irregularities and breaches of loan terms. This classification, which aligns with similar action taken by Canara Bank in 2024, has significant regulatory implications.

GX Group, a leading Indian broadband equipment manufacturer, has announced a strategic partnership with Ingram Micro India to facilitate the distribution of its products across Southeast Asian markets. This collaboration aims to propel the adoption of fiber optic broadband infrastructure, leveraging GX Group’s advanced connectivity solutions and Ingram Micro’s extensive distribution network. As one of the 42 telecom gear manufacturers eligible under India’s production-linked incentive (PLI) scheme, GX Group is poised to elevate the global presence of “Made in India” technology.