Reliance Industries has been in the news for the last two months as the company has been announcing one after another investments from private equity majors in its technology venture Jio Platforms.

Bharti Telcom, the promoter group company of telecom major Bharti Airtel will sell 2.75% stake in the company to raise USD 1 billion.

Technical analyst Sudarshan Sukhani has suggested BUY call for four stocks in today’s trade.

Indian telecom sector has witnessed disruption with entry of Reliance Jio. Investors have witnessed reduction in valuation of their holding in other telecom companies.

Reliance Jio launch has been one of the biggest changes consumers have witnessed in telecom and mobile internet segment. The consumers received massive data on daily basis in affordable plans.

Stockholm - Swedish telecommunications giant Ericsson on Thursday posted an increase in first-quarter 2009 sales - but net income fell dropped dramatically due to losses attributed to its joint venture Sony Ericsson.

Pre-tax income in the quarter totalled 3.3 billion kronor (400 million dollars), a 25 per cent decline year-on-year but better than analysts had predicted.

Net income - after losses and restructuring charges - dropped 30 per cent to 1.8 billion kronor while sales increased 12 per cent to 49.6 billion kronor, Ericsson said.