According to rating agency Fitch, India can in the long run support five-six profitable telecom operators.
Uninor added 8.53 lakh subscribers to take its base to 4.01 crore during the reported period.
In August, RBI allowed 11 business houses to start a payments bank.
Sibal said that Trai had compared India with China.
The financial year ending Saturday saw such big-ticket events that set the directional tone for the country's business journey.
The Department of Post, Tech Mahindra, Videocon Group and stock exchange NSE have joined big corporates like Ambanis and Birlas to seek entry into banking business through newly created niche category of Payments and Small Finance Banks.
The dual-technology operator plans to divert its mobile customers and those who use mobile internet to the GSM side of its business, and devote the CDMA business exclusively to dongles.
Most of the steep rate cuts announced might also not translate into bill savings for subscribers
Telecom Commission approves high base price of Rs 11,485 cr per Mhz for 700-Mhz frequency; no decision taken on proposed standard spectrum usage charges of 4.5%
On government's last week's announcement of revamping of PSU banks, Fitch Ratings said the move is "credit positive, but risks remain".
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, will answer your queries.
Banking and telecom will see the highest impact of this transition.
A summary of sports events and sports persons, who made news on Tuesday
A crown of thorns awaits the next telecom minister at Sanchar Bhawan as the new incumbent will have to address a host of tricky issues like industry infighting, tariffs and improving financial health of the Rs 2.3 lakh crore industry.
Rediff.com gives you a lowdown on the net neutrality issue that is today part of the national discourse.
The lack of bandwidth and content means it will be a long time before online streaming services take off in India.
Rationalisation of reserve prices in the ongoing spectrum auction helped the government to get Rs 40,000 crore of bids on the opening day.
The broader markets, however, outperformed the benchmark indices -- BSE Midcap and Smallcap indices ended up 0.6%-1%.
Whatever the critics may say, the numbers suggest that India continues to be a favourite destination for foreign investors.
Sensex ended above 26,000 led by telecom shares amid TRAI's spectrum sharing norms.
Back to Sheena Bora's grave, via e-time travel
India Inc has few leaders who are likely to grab headlines in 2015.
Over 1,42,000 people have been rescued from the flood-ravaged parts of Jammu and Kashmir so far, as the relief operations launched by the Armed forces entered the 12th day on Saturday.
The niche banks - small finance and payments banks -have been set up to further the regulator's objective of deepening financial inclusion.
Payment banks may not be viable option to attain financial inclusion.
Famous and long believed to be trusted Indian brands have wilted against foreign brands, says Mohan Guruswamy.
One of the urgent tasks ahead for the new government should be to improve public trust in the executive.
Income will be higher as spectrum in 2,100-MHz band will also be auctioned
When you say, Make in India, it means, Indians will work for you, but we should create our own brands and create a market for them internationally. Only then, money will come back to India.
Transcript of Nikhil Pahwa's chat with Rediff readers.
While you must have seen the 'Best 4G smartphones money can buy', here's another list for those who value money and yet don't compromise on quality of smartphones they buy!
Sumit Jain, CEO and co-founder, Commonfloor talks about serendipity and his entrepreneurial destiny.
