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Google to invest $1 bn in Airtel in partnership for cheap smartphones, 5G

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Google to invest  bn in Airtel in partnership for cheap smartphones, 5G

U.S. tech giant Google will invest up to $1 billion in Airtel in a partnership that will focus on affordable smartphones and create “5G use cases” unique to India, the telecom company said on Friday.

The investment includes a $700 million equity investment in Airtel at Rs 734 per share and up to $300 million to implement commercial agreements, including investments to expand Airtel’s offerings, the companies said.

The share issue, which is subject to regulatory and shareholder approval, comes a few months after Airtel raised Rs 21,000 crore by selling shares to existing shareholders.

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The two companies will also focus on “shaping and growing India’s cloud ecosystem”.

Airtel shares rose 0.54% to Rs 711 on the news. Less than two years ago, Google announced plans to inject $10 billion into India over five to seven years through equity deals and partnerships through its digital fund.

“Airtel and Google share a vision to increase India’s digital dividend through innovative products. With our future-ready network, digital platform, last-mile distribution and payment ecosystem, we look forward to working closely with Google to increase India’s digital ecosystem The depth and breadth of the system,” Sunil Bharti Mittal, chairman of Bharti Airtel, said in a statement.

“Our commercial and equity investment in Airtel is a continuation of the Google for India Digital Fund’s efforts to increase access to smartphones, enhance connectivity to support new business models, and help companies on their digital transformation journey,” said Sundar Pichai, CEO of Google. .” and the alphabet.

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Airtel shares rose 0.54% to Rs 711 on the news. Less than two years ago, Google announced plans to inject $10 billion into India over five to seven years through equity deals and partnerships through its digital fund.

Airtel shares rose 0.54% to Rs 711 on the news. Less than two years ago, Google announced plans to inject $10 billion into India over five to seven years through equity deals and partnerships through its digital fund.

Complete News Source : Business Standard

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Pahalgam Attack

Pachigam attack aftermath: International airlines avoid Pakistani airspace amid tensions with India

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Pachigam attack aftermath: International airlines avoid Pakistani airspace amid tensions with India

Due to a lengthier path, Lufthansa Flight LH760 from Frankfurt to New Delhi had to fly for over an hour longer on Sunday. Major foreign airlines, including Air France and Lufthansa, are avoiding Pakistani airspace as tensions between India and Pakistan remain high after a deadly terrorist assault in Pahalgam, Jammu and Kashmir, according to airlines and flight trackers on.

Monday. Air France agreed, stating that it had decided to halt flights over Pakistan due to the “recent evolution of tensions” between the two South Asian foes. “The airline has decided to suspend overflight of Pakistan until further notice,” Air France said in a statement, referring to the “recent evolution of tensions” between India and Pakistan The airline currently changing.

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In the wake of the recent Pachigam terror attack, a significant shift in international aviation routes has occurred. Following an uptick in security concerns and rising geopolitical tensions between India and Pakistan, several international airlines have opted to avoid Pakistani airspace, rerouting their flights to ensure passenger safety. The decision comes nations.

The Pahagam Terror Attack: A Trigger for Renewed Tensions

On the night of the attack in Pachigam, a popular tourist destination in Jammu and Kashmir, militants carried out a series of strikes on civilian and military targets. The assault left a number of casualties, both military personnel and civilians, sparking widespread condemnation. The attack, attributed to militant groups operating from across the border.

Airlines’ Concerns Over Safety and Security

In response to the escalating threat in the region, several international airlines, including prominent carriers from Europe, the Middle East, and Asia, have started to reroute their flights to avoid crossing Pakistani airspace. These precautionary measures, while not unprecedented, are a direct reflection of the security situation that has worsened in the wake of the attack.

Airlines typically rely on international aviation corridors for the fastest and most efficient flight paths, and Pakistani airspace has historically been a critical component of many international routes connecting Europe and Asia. However, in light of the heightened risk of military conflict, commercial carriers have begun to take proactive steps to avoid the region.

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European carriers, such as Lufthansa and Air France, have adjusted their flight paths over the past few weeks, choosing to bypass Pakistan altogether. Similarly, Middle Eastern giants, like Emirates and Qatar Airways, have rerouted certain flights to avoid potential risks associated with flying in close proximity to the disputed borders. These changes have led to longer flight.

The International Air Transport Association (IATA) has noted that these changes, while necessary, come with considerable logistical and financial consequences. Airlines must navigate alternative routes, which may lead to higher fuel consumption and longer durations of travel. Nevertheless, passenger safety is the highest priority, and the industry remains.

Diplomatic Implications and Regional Stability

The rerouting of international flights has far-reaching implications, not only in terms of aviation logistics but also for regional diplomacy. The decision to avoid Pakistani airspace can be seen as a subtle but clear indication of the international community’s concerns regarding with the growing uncertainty in the region, underscores the volatile nature of South the security situation between India and Pakistan. Such moves may further isolate Pakistan.

The Future of Aviation in the Region

As the situation unfolds, the aviation industry is closely monitoring developments. For international carriers, navigating the delicate balance between commercial operations and national security concerns is no small task. In the coming weeks, further changes in flight patterns are expected, depending on how the diplomatic and military tensions between India.

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