They need to have 15 years of mainstream banking experience
We have cleared all dues to our employees, says Ajay Singh
Reliance Jio bought spectrum in the 1800 MHz band last February.
Telecoms investor Aditya Birla Nuvo Ltd and retailer Future Group were among the first big names to apply for licenses to run so-called payments banks
Each dept could handle a designated area.
Of the two big players, while Bharti Airtel can leverage its existing subscriber base, newcomer Reliance Jio will have to wean away subscribers from the incumbents
The survey, conducted by non-profit organisation Catalyst in 2013, covers 5,977 companies in 44 countries and draws on work done by GMR Ratings.
If oil prices continue as they are and we can cut costs, we'll be able to break even in the next financial quarter, says Singh.
The total valuation of Tata Teleservices, according to the valuer, was only Rs 11,000 crore (Rs 110 billion), against the pre-agreed valuation of Rs 27,000 crore (Rs 270 billion).
The response to the sale has been overwhelming.
Once again, there seems to be an airfare war in India.
Tata's Vistara has a very strong core team to look into daily operations.
Vistara is keen to take to global skies.
Trouble at a single bank among the top five most connected lenders could wipe out nearly 50% of Tier I capital
It plans to increase India sales by a tenth, helped largely by launches next year
'India is a high-cost market but that is man-made. The government can change that with a stroke of the pen.'
Earlier, PE firms such as Goldman Sachs and Indigo Partners had evinced interest in the Indian aviation market.
There are rumours that Ajay Singh who previously headed SpiceJet may get an investor to bail out the airline of dire consequences.
Ministry sources say investors are looking at pumping in around Rs 1,100 crore
The Forbes magazine had adjudged Maran as the 38th richest man in India, with a net worth of $2.3 billion (as of September).
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