Half the money, to be invested over the next 12 months, will be used to expand its mobile network.
Only those foreign companies with an existing presence in Indian telecom finally put in bids for the 3G auction. The last date for applications was March 19.
In a move that could revolutionise internet access for millions, state-owned Bharat Sanchar Nigam Limited is considering opening up its last mile local loop (fixed copper lines) for broadband services to private players.
The recommendations include divestment of 30 per cent government equity in BSNL, reducing the company's workforce by a third, and cancelling the telecom equipment order for 93 million GSM lines, replacing it with network outsourcing deals.
Subject to Union government approval, the board of state-owned telecom company Bharat Sanchar Nigam Ltd on Thursday cleared a proposal for the divestment of 30 per cent government equity in it, as suggested by a committee set up under Sam Pitroda, the prime minister's telecom and infrastructure advisor.
India's controversial 3G auction has attracted the attention from some very unusual quarters.
But, Madras HC not happy with P&G disclaimer for Tide Naturals' ad.
BSNL would have accounted for revenues of $250 million this year.
A committee headed by Sam Pitroda, advisor to the Prime Minister, has suggested that state-run telecom major Bharat Sanchar Nigam Ltd should retire or transfer about 100,000 of its employees through measures such as a voluntary retirement scheme. This is a third of BSNL's total employee strength, of 300,000 across the country.To improve organisational performance and employee productivity substantially, BSNL should induct young talent in all spaces.
Abay Kewadkar, director, Four Seasons Wines, says there is room for expansion of the facility based on initial consumer feedback to the initiative.
Whether it's colas, shoes, mobile connections or vehicles, the celebrity who endorses a product becomes the face of the brand.
State-run telecom major Bharat Sanchar Nigam Ltd has written to the defence ministry to amend the conditions for floating tenders, including having own manufacturing facility in India, for setting up alternative communications network for defence forces."We have written to the defence ministry for change in tender conditions as some companies have said that the current conditions are very strict," said a senior BSNL official.
Television ad rates see steep rise, advertising pie expected to grow 10%.
UB's beer brand will take on Bacardi's Breezer in the flavoured alcoholic beverage market.
With hopes of raising funds through an initial public offer (IPO) or selling a stake to a strategic investor fading due to stiff opposition from the unions, the government is working on a proposal for a private placement of shares for Bharat Sanchar Nigam Ltd (BSNL), India's fifth-largest telecom company,
Subscriber needs to pay Rs 19 for the service.
This move comes after the appointment of the company's new chairman and managing director Kuldip Singh.
Weak enforcement results in Rs 15,000-cr of imitations sold annually.
After the failure of the Do-not-call registry, the Telecom Regulatory Authority of India now plans to try out Do-call registry to curb unnecessary telemarketing calls.
The country will be the new battleground for the world's largest and second largest food companies
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