Surajeet Das Gupta

All stories by Surajeet Das Gupta

The murky trail of Rana Kapoor's firm DOIT

The murky trail of Rana Kapoor's firm DOIT

Rediff.com5 days ago

DOIT is a 100 per cent subsidiary of Morgan Credits in which Rana Kapoor's daughters Radha, Roshini and Raakhe, are directors. In 2018-19, the company incurred a net loss of Rs 48.76 crore on revenues of Rs 59 crore - a sharp contrast to 2017-18 when it had profits of Rs 2.7 crore on revenues of Rs 43 crore. To fund these aggressive investments into its subsidiaries in 2018-19, DOIT used debt which doubled to Rs 600 crore in 2018-19 from the previous year.

ISPs find work-from-home has boosted demand for data

ISPs find work-from-home has boosted demand for data

Rediff.com7 days ago

Feedback from telecom members indicated a 10 per cent increase in traffic, but no fears of choked networks. Telcos currently use 65-70 per cent of the network capacity. In other words, they have enough additional capacity to handle the new pressure without clogging the system.

Ambani vs Chandra: Media convergence set for a new game

Ambani vs Chandra: Media convergence set for a new game

Rediff.com28 Feb 2020

In terms of market capitalisation, Zee alone has a market cap of Rs 24,000 crore compared to Rs 15,000 crore of the merged Reliance entity.

The billion-dollar question before Vodafone Group

The billion-dollar question before Vodafone Group

Rediff.com24 Feb 2020

Based on Statista data for 2019, Vodafone has 17.2 million subscribers in the UK, 29.5 million in Germany, and over 13.7 million in Spain. Without Voda Idea, the Group will become smaller than Airtel and Jio.

What consolidation of telcos mean for the customers

What consolidation of telcos mean for the customers

Rediff.com20 Feb 2020

The Indian market is more in sync with mobile markets of advanced countries like the UK, Japan, and South Korea, where there are fewer players - three to four.

Telcos, DoT discuss part paying AGR ahead of SC ruling

Telcos, DoT discuss part paying AGR ahead of SC ruling

Rediff.com28 Jan 2020

The companies have offered to pay upfront the principal amount due for licence fees and spectrum usage charges (SUCs) on the basis of adjusted gross revenue (AGR). This amount will not include the interest, the penalty, and the interest on the penalty.

How Ashish Bharat Ram transformed SRF

How Ashish Bharat Ram transformed SRF

Rediff.com29 Dec 2019

SRF

High-end phone smuggling is costing govt exchequer Rs 2,400 crore annually

High-end phone smuggling is costing govt exchequer Rs 2,400 crore annually

Rediff.com28 Dec 2019

As much as Rs 8,000 crore worth of mobile phones in this segment - out of a total of Rs 15,000 crore - come into the country through the grey market. The government imposed the duty on these phones primarily to encourage domestic production but the strategy has failed as the bulk of high end mobile phones are currently imported.

How Uber plans to cover 200 cities by 2020-end

How Uber plans to cover 200 cities by 2020-end

Rediff.com25 Dec 2019

The key driver of this expansion will be not car-hailing but bike-taxi service. The company is willing to partner local players that have a similar offer and would like to come on their platform.

If Voda Idea shuts shop, Airtel to gain the most

If Voda Idea shuts shop, Airtel to gain the most

Rediff.com11 Dec 2019

If Vodafone Idea shuts, a bulk of the high-paying ARPU customers will move to Airtel as Reliance Jio does not have a comprehensive postpaid offering like it, and have aggressively preferred to play in the prepaid market. The bulk of Vodafone Idea customers use 2G phones and only a few of them use data. It will be easier for Airtel to woo these customers as they can shift seamlessly to its 2G network without changing handsets or even SIM cards,

Reliance, Airtel and 2 others bid for three Anil Ambani group companies

Reliance, Airtel and 2 others bid for three Anil Ambani group companies

Rediff.com26 Nov 2019

The three companies for sale are Reliance Communications, Reliance Telecom and Reliance Infratel.

The story behind Vodafone's fall in India

The story behind Vodafone's fall in India

Rediff.com24 Nov 2019

Cut-throat competition, high spectrum costs, and frequent flip-flops in government policies have made it difficult for Vodafone to make money in the country.

Why air tickets in India are going cheap

Why air tickets in India are going cheap

Rediff.com18 Nov 2019

Airlines say that they are keeping their fingers crossed for December - another peak period - when, based on current bookings, the air fares for those who buy early are more or less in line with last year.

Telcos told to clear AGR dues in 3 months

Telcos told to clear AGR dues in 3 months

Rediff.com14 Nov 2019

However, the government is readying a relief package and it could include a cut in the licence fee to 5 per cent, two years' moratorium on paying spectrum charges with interest, and referring the GST tax refund issue to the Council.

Airtel bids for RCom spectrum, Jio seeks deadline extension

Airtel bids for RCom spectrum, Jio seeks deadline extension

Rediff.com13 Nov 2019

It is believed that apart from Bharti Airtel and Bharti Infratel, there are four players that have made a bid.

Indian skies fall short on wide-bodied aircraft

Indian skies fall short on wide-bodied aircraft

Rediff.com7 Nov 2019

The collapse of Jet Airways has everything to do with the falling number of wide-bodied aircraft.

How govt plans to untangle the telecom mess

How govt plans to untangle the telecom mess

Rediff.com30 Oct 2019

Analysts have pointed out that with the dues arising out of the SC judgment there could soon be only two private telcos in the country, and not three - Reliance Jio, Bharti Airtel and Vodafone Idea - as now.

Smokers, no need to kick the butt yet

Smokers, no need to kick the butt yet

Rediff.com25 Oct 2019

Phillip Morris says its research shows that the product while giving the same delivery of nicotine to smokers, does not produce the toxic and carcinogenic effects of cigarette smoking known as harmful and potential harmful constituents.

Diwali relief for viewers: Zee, Star, Colors drop prices

Diwali relief for viewers: Zee, Star, Colors drop prices

Rediff.com12 Oct 2019

The move by these broadcasters comes close on the heels of the Telecom Regulatory Authority of India announcing a review of its earlier tariff order, announced six months ago, which among others capped the prices for la carte channels.

Will Apple's latest strategies help push India sales?

Will Apple's latest strategies help push India sales?

Rediff.com26 Sep 2019

Recently, Apple did two things differently. First, it entered video streaming sector with cheaper options and second it has opened up its OTT service for non-Apple users too.

Telecom biggies are ignoring Chinese firms for 5G trial

Telecom biggies are ignoring Chinese firms for 5G trial

Rediff.com23 Sep 2019

The move comes against the backdrop of the US and some of its allies banning the purchase of Chinese telecom gear over security concerns and pressuring other countries to follow suit.

Why ride-hailing firms are lobbying for concessions

Why ride-hailing firms are lobbying for concessions

Rediff.com13 Sep 2019

Ride-hailing services are also lobbying the government for the recognition of a new category for motorcycle-shared services, where the owner should not have to take a commercial licence. Pooled services is another area where taxi aggregators are hoping to make the government listen to them.

DHFL resolution plan: Stakeholders seek legal protection

DHFL resolution plan: Stakeholders seek legal protection

Rediff.com14 Aug 2019

The stakeholders want protection from any litigation which might arise due to fresh claims against the company, especially after PE funds have bought stake in the company and the resolution plan has been cleared by the bankers.

Reliance Jio targets 75 million households with fibre-to-home roll-out

Reliance Jio targets 75 million households with fibre-to-home roll-out

Rediff.com10 Jul 2019

Globally China, Japan, Russia and South Korea and the US are the top FTTH markets.

With Jet off the radar, skies are wide open for Tata's airlines

With Jet off the radar, skies are wide open for Tata's airlines

Rediff.com12 Jun 2019

Both Vistara and AirAsia India, along with their partners, are quietly putting together an aggressive plan to become a formidable force in the skies. At the core of this new push is their plan to go international this financial year.

IndiGo Airlines: The story of two unlikely partners

IndiGo Airlines: The story of two unlikely partners

Rediff.com31 May 2019

Some years ago, Rakesh Gangwal reportedly said his relationship with Rahul Bhatia evolved in an amazing friendship, which he termed 'blind trust'. The question is whether that is under scrutiny now.

Chandras may sell small stake in Zee Entertainment

Chandras may sell small stake in Zee Entertainment

Rediff.com29 May 2019

The promoters expect to get Rs 9,000-10,000 crore from the sale of their assets

Will ITC's Sanjiv Puri manage to give shape to Deveshwar's grand plans?

Will ITC's Sanjiv Puri manage to give shape to Deveshwar's grand plans?

Rediff.com29 May 2019

To take the Rs 49,000 crore ITC to the top slot in the highly competitive FMCG business will require some aggression.

With Jet out of the skies, will Air India now find suitors?

With Jet out of the skies, will Air India now find suitors?

Rediff.com28 May 2019

Another reason working in Air India's favour now is the government's plan to clean up part of the airline's burgeoning debt from its books - a major deterrent for investors when it attempted divestment the previous time.

With Jet gone, airlines must add 210 planes this year

With Jet gone, airlines must add 210 planes this year

Rediff.com1 May 2019

Or else customers will face capacity shortages and high fares.

For things to get normal, Indian airlines need to add 210 planes

For things to get normal, Indian airlines need to add 210 planes

Rediff.com30 Apr 2019

Else customers will face capacity shortages and high fares.

Jet crisis poses a challenge for Mumbai

Jet crisis poses a challenge for Mumbai

Rediff.com26 Apr 2019

Jet is the largest player in the Mumbai airport, with over 110 domestic slots and 30 international slots from the city.

2 big challenges Jet's new owner will face

2 big challenges Jet's new owner will face

Rediff.com26 Apr 2019

Currently most of its 119 planes have been taken back by the lessors and many have been leased to other airlines like SpiceJet. The second challenge is that it has to repay banks.

With Goyal gone, can Etihad use Jet to fulfil dreams?

With Goyal gone, can Etihad use Jet to fulfil dreams?

Rediff.com21 Apr 2019

Etihad wants to control a domestic carrier that can give it access to over 45 cities in India from where it can bring traffic to its hub in Abu Dhabi and beyond.

Jet's pain is big gain for other airlines

Jet's pain is big gain for other airlines

Rediff.com19 Apr 2019

Air India, SpiceJet, IndiGo and AirAsia India ready to fill in the gap.

Airports infrastructure in take-off mode with the entry of Adani, Tata

Airports infrastructure in take-off mode with the entry of Adani, Tata

Rediff.com10 Apr 2019

With passenger growth pegged at 14 to 15 per cent, airport infrastructure could be a make or break business for both new players and incumbents.

Can Naresh Goyal take back Jet through auction?

Can Naresh Goyal take back Jet through auction?

Rediff.com5 Apr 2019

Naresh Goyal, after being ousted with his wife from the board last week, and with his shareholding halved to 25 per cent, can still make a comeback by partnering a new investor and win back majority control.

Banks now have 3 options to tackle loan defaulters

Banks now have 3 options to tackle loan defaulters

Rediff.com4 Apr 2019

The three options are - a one-time settlement, restructuring of loans and of course go to IBC.

Why Ayushman Bharat has tied up with Uber India

Why Ayushman Bharat has tied up with Uber India

Rediff.com8 Mar 2019

Since its launch in September, Ayushman Bharat has issued 20 million cards and has set an ambitious target to hit another 30 million within the next three months.

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