Comments
Bharti Airtel, telecom service provider, has partnered with IntelliSmart Infrastructure Pvt Ltd. to foray into high-end applications such as meter data management systems, along with cloud and analytics, the company said in a statement.
Ganesh Lakshminarayanan, CEO of Airtel Business, India, said, “We have further strengthened our market leadership as the largest IoT enabler in the country. IoT is one of the fastest-growing business segments for Airtel Business.”
Stating that the smart metering programme is a significant step to modernise the power distribution sector, Anil Rawal – MD & CEO, Intellismart Infrastructure Pvt. Ltd., said, “We are confident that the on-boarding of Airtel as a strategic partner will be a significant step towards our goal of creating strong associations to strengthen our infrastructure solution with a resilient and secure cloud-hosted cellular communication network.”
The stock inched up by 0.52 per cent on the NSE, at ₹976.65 as of 1:58 pm.
Bharti Airtel has received an order from the Office of the Principal Commissioner, CGST and Central Excise, Chennai, levying a penalty of over ₹15 lakh for allegedly incorrect availing of input tax credit during the financial year 2017-18, 2018-19 and 2019-20. “The company does not agree with the order and will take appropriate action(s) for rectification/ reversal of the same,” it said in a regulatory filing.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.