The only hope for WiMax operations in South Asia will be India, according to the Yankee Group, since even in countries like the US and other advanced nations, the technology "cannot be rated as successful".
Firming up their rollout plans, the new telecom licensees will invest around $2 billion in the next four months for the rollout of their services.
Demand on capital gains on Idea share sale by Mauritius subsidiary; Fema and telecom regulation violations also alleged
New services will bring the IPL to mobile phone screens.
The Reserve Bank of India (RBI) has decided "in principle" to bring under its regulatory ambit holding companies floated by business groups and companies that also own non-banking finance companies (NBFC).
The initial euphoria over reduction in mobile termination charges (MTC) seems to be dying down, with telecom service providers now alleging that the process is completely "flawed".
But half the 'profit' should be ploughed back into the company, says Trai.
CDMA operators are launching services that offer speeds of up to 3.1 mbps. On a comparative basis, this is faster by over 20 times than the existing wireless broadband connections, and 10 times faster than average broadband connections in the country. However, the upload and download speeds do not match the advertised speeds, which can be misleading for users.
The department had sent a notice to the company seeking details and clarifications on a host of issues besides the original agreement between Hutch and Vodafone to establish the jurisdiction of the tax authorities to determine the tax liability. This follow an SC order in January 2009 to the effect that Vodafone should present its case to the tax authorities first and submit a copy of the share purchase agreement, the deadline for which expires by the end of this month.
Internal assessment follows banks' worries over systemic risks.
Customs officials have been directed to stop shipments of such phones. Industry experts expect the move to hit the sales of dual-SIM handsets, which are imported into the country by companies including Nokia, Samsung, Meridian Mobile and Spice. More importantly, this could also affect the plans to manufacture these handsets in the country. It is estimated that around 100,000 dual-SIM phones are sold in the country every month.
Murthy's life story is to be the content of a new comic to be brought out by Amar Chitra Katha, the popular comic book series, making him the first living person to be featured in the Amar Chitra Katha series, which mostly focuses on popular Indian myths and legends.ACK Media, the publisher, will follow this up with stories of famous personalities like cricketer Sachin Tendulkar and former Indian President and Bharat Ratna award winner, APJ Abdul Kalam.
A delay would also result in a loss of opportunity to add at least 10 million broadband customers per year, which would have helped increase broadband penetration. India had a total of 5.65 million broadband connections as on January 31, 2009, way below the 9-million subscriber target set by the DoT for 2007. The meagre growth -- the country is adding around 1 million subscribers per annum -- will make it difficult to meet the government's target of 20 million users by 2010.
Sources said a notification to this effect will be released soon. Indian arms of foreign firms make it a rule that audits must be conducted by their foreign partners for Indian companies approaching the overseas markets for any reason. No such rule exists, the source said, although the practice is common. "We are screening partnership agreements of all these firms to analyse the legal basis on which the foreign firms audit Indian companies," the source added.
Reliance Communications has decided to launch a call centre to help its subscribers locate a particular destination. It will give information on the shortest route to a destination, important places to visit while travelling to another city, location of theatres, hospitals and ATMs. The information, if required, will also be texted to user. The service, currently in its pilot phase, will be launched across the country within a fortnight.
The central bank will send its comments to the finance ministry shortly. Sources close to the developments said a better way could have been worked out to increase the sectoral caps. The sources said while a cap was meant to protect the interest of the Indian shareholders in sensitive sectors, the new mode of calculation of indirect foreign holding provided for a circuitous way.
Issue tied in with review of foreign bank operations in India. RBI had earlier proposed to defer the review, which is meant to provide guidelines for the presence of foreign banks in India from April 2009 onwards, given the current economic meltdown globally and in the domestic markets.
Netcore offers the service 'MyToday' to 3.8 million mobile phone users in the country. Jain was the founder of IndiaWorld Communications, a small start-up, which was acquired in 1999 by IT major Sify Technologies for around Rs 500 crore (Rs 5 billion).
Reliance-Anil Dhirubhai Ambani Group-controlled BIG TV has withdrawn from partnering the Indian Premier League, alleging discrimination by the league's broadcast rights-holder Sony Entertainment Television.BIG TV has communicated its decision to IPL CEO Sundar Raman, alleging that SET has decided to offer the contract to competitor Airtel DTH, though it quoted a lower price for on-air partnership, sources said. When contacted, a BIG TV spokesperson declined to comment.
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