Surajeet Das Gupta &Amp; Abhijit Lele In New Delhi

Stories by Surajeet Das Gupta &Amp; Abhijit Lele In New Delhi

Airtel overtakes Jio for first time in new 4G subscriptions

Airtel overtakes Jio for first time in new 4G subscriptions

Rediff.com   2 Nov 2020

Analysts say that Jio's substantial slowing down in net additions is possibly because the company has dramatically reduced its bundled 4G feature phone offering, which contributed an average 30-40 per cent of its net additions.

Subhash Chandra's net worth sinks below Rs 10 crore amid deluge of debt

Subhash Chandra's net worth sinks below Rs 10 crore amid deluge of debt

Rediff.com   28 Oct 2020

The reduction in value of Chandra's assets comes close on the heels of the group's debt burgeoning to over Rs 12,000 crore, much of which he had raised by pledging his shares to banks and mutual funds in his flagship company ZEEL after many of the groups infrastructure bets did not take off.

Planning to buy an Apple iPhone 12 in India? Think again

Planning to buy an Apple iPhone 12 in India? Think again

Rediff.com   27 Oct 2020

A Dubai trip plus Apple iPhone 12 is cheaper than buying the phone in India. Various models of the iPhone 12 Pro and Max are cheaper in Dubai by up to Rs 35,000 owing to higher GST, Customs duty in India.

A new battle rages on between Jio and Airtel

A new battle rages on between Jio and Airtel

Rediff.com   20 Oct 2020

While only 78.15 per cent of Jio's total subscriber base was active, Airtel boasts of 98.14 per cent active customers.

Kalrock to invest Rs 1K crore as Jet readies to take wings

Kalrock to invest Rs 1K crore as Jet readies to take wings

Rediff.com   19 Oct 2020

The winning bid attracted over 99 per cent votes, with lenders overwhelmingly voting for a revival instead of recovery through liquidation.

Vistara plans to spread its wings beyond India skies

Vistara plans to spread its wings beyond India skies

Rediff.com   16 Oct 2020

By 2023, Vistara's hangars will house a total of 70 aircraft, up from the current 42.

India may pip China and Vietnam to become mobile export hub

India may pip China and Vietnam to become mobile export hub

Rediff.com   15 Oct 2020

The government gave clearance to five global and five Indian players that have made a commitment to a production value of 12.5-trillion phones in five years under the Production Linked Incentive scheme.

How SBI plans to keep YONO ahead of the curve

How SBI plans to keep YONO ahead of the curve

Rediff.com   13 Oct 2020

Apart from fulfilling banking services, one can access more than 100 e-commerce sites, book tickets, and even pay for small value groceries through the app. The bank is now proposing to allow other banks to use this to serve their own customers.

Airtel, Vi bat for tariff hike, but Jio is sitting tight

Airtel, Vi bat for tariff hike, but Jio is sitting tight

Rediff.com   12 Oct 2020

Vodafone and Bharti have pointed out that, for data, their revenue realisation should be at Rs 30-35 per GB for them to cover their costs as opposed to the current figure of over Rs 11 per GB. But Jio has suggested a gradual increase to Rs 15 per GB and then maybe to Rs 20 per GB after six to nine months.

Will PNB acquire beleaguered Lakshmi Vilas Bank?

Will PNB acquire beleaguered Lakshmi Vilas Bank?

Rediff.com   8 Oct 2020

PNB has rich experience in the integration of commercial banks.

How Lakshmi Vilas Bank eroded its wealth amid controversy and losses

How Lakshmi Vilas Bank eroded its wealth amid controversy and losses

Rediff.com   8 Oct 2020

It has been a year since the Reserve Bank of India (RBI) initiated prompt corrective action (PCA), an exercise that puts weak banks under central bank scrutiny, against the 94-year-old Lakshmi Vilas Bank (LVB). But recently, this low-profile Chennai-headquartered bank found itself attracting some unwonted publicity when 60 per cent of its shareholders voted against a proposal to re-appoint seven directors, including one of the promoters, K R Pradeep (who holds around 2 per cent), and the company's managing director & chief executive officer S Sundar.

Cricket apps climb up the order in play store downloads

Cricket apps climb up the order in play store downloads

Rediff.com   6 Oct 2020

The dizzying ascent of these cricket apps, some from near oblivion, after the IPL tournament began on September 19 in the UAE, has been meteoric.

Covid woes: Mumbai, Delhi bring little cheer for telcos

Covid woes: Mumbai, Delhi bring little cheer for telcos

Rediff.com   30 Sep 2020

Telecom operators say the reason for the low increase in ARPU in the two metros could be linked to the massive reverse migration of labour.

Indian telcos' 5G rollout is mired in controversy

Indian telcos' 5G rollout is mired in controversy

Rediff.com   23 Sep 2020

The operators say that the move to have an India-specific standard will raise the costs not only of telecom networks but of chipsets for mobile devices because they will have to be made for the local market and, as such, will not enjoy global economies of scale.

Home, auto loan inquiry back to 2019 level

Home, auto loan inquiry back to 2019 level

Rediff.com   23 Sep 2020

The public sector lenders saw the biggest rebound in inquiries in July and August 2020, most likely because they were early in recommencing operations than their private and finance counterparts.

How IT cos' WFH plan is turning the planet green

How IT cos' WFH plan is turning the planet green

Rediff.com   22 Sep 2020

Indirect emissions account for a major chunk of emissions by Indian IT firms. Business travel and commutation, together, are a key reason for it. If travel and daily commuting go down, so does carbon emissions.

SBI, 25 other major Indian banks figure in suspicious transactions list

SBI, 25 other major Indian banks figure in suspicious transactions list

Rediff.com   22 Sep 2020

Banks say they themselves red-flagged the transactions to RBI. It must be noted that these transactions are not outright evidence of fraud or proof of nefarious activities.

Kia Sonet: Made in India, made for the world

Kia Sonet: Made in India, made for the world

Rediff.com   22 Sep 2020

The compact segment where Sonet will be launched is crowded with the Maruti Vitara and Brezza, which top the sales' list, and a bevy of models from Mahindra & Mahindra apart from Hyundai's offering. But volumes in this are slightly higher than those in the mid-segment, making it attractive, says Surajeet Das Gupta.

Telcos must fork out Rs 44,000 crore to replace expired spectrum

Telcos must fork out Rs 44,000 crore to replace expired spectrum

Rediff.com   21 Sep 2020

The figure is based on the base price of spectrum for the upcoming auction fixed by the TRAI and on the assumption that there will be no bidding war.

Brand Dhoni pads up for new innings

Brand Dhoni pads up for new innings

Rediff.com   21 Sep 2020

He has slashed his price by half after retiring. Now his rates are in line with Amitabh Bachchan or Ayushmann Khurrana. In 2012 he had 22 endorsements, now he has 40!