S D Shibulal bought 7,58,755 shares of the company amounting to Rs 100 crore in a block deal transaction from Kumari Shibulal.
Major carriers Reliance Industries' Jio Infocomm, Bharti Airtel, and Vodafone Idea will conduct the trials along with state-run MTNL in urban, rural, and semi-urban areas
The list of telecom gear makers approved for trials include Ericsson, Nokia, Samsung, C-DOT and Reliance Jio's indigenously developed technologies.
It was an historic week for India's technology industry. In the space of four days, the country minted at least six new startups with a valuation of $1 billion or more.
The funding was led by US venture capital firm Lightspeed Venture Partners and American investment firm Tiger, ShareChat said.
The PLI scheme is aimed at adding 10,000 MW manufacturing capacity of integrated solar PV modules entailing direct investment of Rs 17,200 crore.
With the trading of right to use spectrum, Reliance Jio will have 2X15MHz of spectrum in the 800MHz band in the Mumbai circle and 2X10MHz of spectrum in the same band in Andhra Pradesh, Delhi circles
MobiKwik has faced growing criticism this week for denying a leak many customers and digital rights activists say is linked to the company's database.
Das said the increased use of digital payments brought about by Covid-19 can fuel a rise in digital lending in the current decade as companies accumulate consumer data and enhance credit analytics.
He was also one of the key people behind the launch and success of Google Pay in India and helped the payment app's relaunch in the U.S. and Singapore.
Reliance Jio Infocomm Ltd said it acquired the right to use spectrum in all the 22 circles or zones across India. In all, it won 488.35 MHz of spectrum, taking up its spectrum footprint by 55 per cent to 1,717 MHz
With an aim to boost domestic manufacturing and cut down import bills, the government introduced the PLI scheme, to provide incentives on incremental sales from products manufactured in domestic units.
The PLI scheme is conceived in a manner that incentives are payable by government only after the investment has been done, employment has been generated, production and sales targets have been met.
IT Sector: The production-linked incentive plan, which provides manufacturers cash-backs, will help India export IT goods worth Rs 2.45 lakh crore
Telecom operator Bharti Airtel said on Tuesday it will collaborate with US chipmaker Qualcomm to roll out 5G services in India.