Megha Manchanda

All stories by Megha Manchanda

Cash-strapped Vodafone Idea gets nod for FDI up to Rs 15,000 crore

Cash-strapped Vodafone Idea gets nod for FDI up to Rs 15,000 crore

Rediff.com7 days ago

Cash-strapped telco Vodafone Idea's proposal for investment of up to Rs 15,000 crore through foreign direct investment (FDI) has been approved by the Union government, according to officials. A top-level group, comprising representatives from the ministries of home affairs, external affairs, finance and commerce and industry, took the decision. The nod, which is an enabling provision, would help the financially-stressed company raise funds to pay up some of its dues linked to adjusted gross revenue (AGR), reduce debts and use the money for operational expenses.

Airtel hikes tariffs, family postpaid plan spiked for new customers

Airtel hikes tariffs, family postpaid plan spiked for new customers

Rediff.com7 days ago

Bharti Airtel on Thursday announced new postpaid plans and discontinued some previous ones. "In the post-pandemic world, an abundance of high-speed data is increasingly becoming a key need for customers as work from home and online education is the new normal. "In this context, Airtel has further simplified its postpaid plans to offer industry-leading data benefits backed by a 5G-ready network and superior digital-first customer care. "The plans also come with a range of exclusive benefits such as bundled content and business productivity tools," Airtel said in a press release.

Navy's reluctance to vacate spectrum may delay 5G auction

Navy's reluctance to vacate spectrum may delay 5G auction

Rediff.com21 Jul 2021

The Indian Navy has expressed reservations in vacating 100 Mhz of the spectrum, proposed to be sold in the tender expected next year, sources said. This could delay the Centre's plans to proceed with the 5G auctions in 2022. A department of telecom (DoT) official said, "The Indian Navy is showing reluctance in vacating the spectrum from the 3.3 GHz-3.4 GHz band that it is using. "Unless there is some traction with them on this issue, we can't seek consultation from TRAI." The 3300 MHz-3600 MHz (or 3.3GHz-3.6GHz) will be auctioned for the first time in the proposed 5G auctions, likely next year.

Road construction zooms nearly 60% in 1st two months of FY22

Road construction zooms nearly 60% in 1st two months of FY22

Rediff.com3 Jul 2021

Road construction witnessed a near 60 per cent year-on-year jump in the first two months of financial year 2021-22 (FY22), despite restrictions being imposed in the wake of the second wave of Covid-19. Around 1,470 km of roads were constructed during the first two months of the current fiscal, as against 847 km in the corresponding period last year, according to official figures. However, these are provisional numbers as the state public works departments of Maharashtra and Goa are yet to provide data.

Reliance Jio beats Bharti Airtel, adds 4.3 million users in February

Reliance Jio beats Bharti Airtel, adds 4.3 million users in February

Rediff.com12 May 2021

Total wireless subscribers increased from 1.1 billion, in January to 1.2 billion in February, thereby registering a monthly growth rate of 0.72 per cent.

Mobile operators rush to rework equipment sourcing pacts

Mobile operators rush to rework equipment sourcing pacts

Rediff.com14 Apr 2021

While the government has not barred procurement of equipment from Chinese companies, the process to amend the general financial rules (GFR) 2017 has started. This will impose restrictions on bidders in public procurement from countries that share a land border with India, reports Megha Manchanda.

'Govt wants more incentive to customers for vehicle scrapping'

'Govt wants more incentive to customers for vehicle scrapping'

Rediff.com3 Apr 2021

'Some companies have agreed to 2-3% incentive but the automakers and SIAM have to decide amongst themselves'

Govt eyes Rs 6,200 crore in AGR dues from Airtel, Vi by March 31

Govt eyes Rs 6,200 crore in AGR dues from Airtel, Vi by March 31

Rediff.com3 Mar 2021

SC said 10 per cent of the amount would have to be paid by March 31.

Chaos rules at toll plazas over FASTag implementation

Chaos rules at toll plazas over FASTag implementation

Rediff.com27 Feb 2021

Either drivers were blissfully unaware of the requirement or they hadn't bothered to get one installed in their vehicle.

Data traffic in India increased 60 times in 5 years

Data traffic in India increased 60 times in 5 years

Rediff.com12 Feb 2021

A Nokia research showed that 4G alone constituted nearly 99 per cent of the total data traffic consumed across the country in 2020.

Airtel ahead of Jio again!

Airtel ahead of Jio again!

Rediff.com24 Dec 2020

Airtel tops with 3.7 million new subscribers, Jio adds 2.2 million; Vi lets go of 2.7 million.

How India will be toll plaza free in 2 years

How India will be toll plaza free in 2 years

Rediff.com22 Dec 2020

The central government has finalised GPS-based toll collection to ensure seamless movement of vehicles across the country.

BSNL to start telecom services in Mumbai and Delhi from January 1

BSNL to start telecom services in Mumbai and Delhi from January 1

Rediff.com20 Nov 2020

BSNL will start providing telecom services, both wireless and fixed line, in Mumbai and Delhi on behalf of MTNL from January 1 on a pilot basis for five to six months.

Why Nitin Gadkari is angry with Highway Authority

Why Nitin Gadkari is angry with Highway Authority

Rediff.com30 Oct 2020

At the heart of his criticism is the delay in decision making and a lack of monitoring. Some officials, however, blamed the delays on overambitious contractors.

Bharti Airtel to stay away from 5G auctions

Bharti Airtel to stay away from 5G auctions

Rediff.com29 Oct 2020

Airtel CEO said, the 5G ecosystem is yet to develop in India and the prices are very high. Telecom companies including Vodafone Idea (VI) and Reliance Jio have also said that the current prices are exorbitant.

Govt plans to build Zojila-like tunnel to Ladakh

Govt plans to build Zojila-like tunnel to Ladakh

Rediff.com14 Sep 2020

The tunnel would reduce the travel time to the Ladakh region by 15-20 per cent and would come up close to the Atal tunnel near Rohtang Pass, reports Megha Manchanda.

Vodafone Idea's future hinges on SC's AGR verdict

Vodafone Idea's future hinges on SC's AGR verdict

Rediff.com31 Aug 2020

If the apex court decides on a 15-year repayment tenure, it would pose a grave challenge for the debt ridden VIL.

Covid-19: Airtel, Vodafone Idea not as lucky as Reliance Jio

Covid-19: Airtel, Vodafone Idea not as lucky as Reliance Jio

Rediff.com27 Aug 2020

While Reliance Jio added 3.65 million users in May, both Bharti Airtel and Vodafone Idea continued to lose subscribers.

AGR licence fee for wireline broadband may be slashed to Re 1

AGR licence fee for wireline broadband may be slashed to Re 1

Rediff.com21 Jul 2020

The proposal may provide relief to the tune of Rs 9,000 crore to service providers.

Asset sale process for BSNL, MTNL begins

Asset sale process for BSNL, MTNL begins

Rediff.com16 Jul 2020

Monetising real estate assets is part of the overall relief package that would be used to retire debts, upgrade networks, and offer VRS aimed at reducing the telcos' employee strength by half.

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