A presentation by the CBI to a Joint Parliamentary Committee last week said the decision led to a loss of Rs 508 crore to the exchequer.
The submission was made before additional sessions judge Hardeep Kaur, who extended the judicial custody of all the six accused till March 1.
VoIP services include communications applications such as Skype, Line and Viber
Telecom major Bharti Televentures on Tuesday announced batting maestro Sachin Tendulkar as its new brand ambassador besides unveiling a brand campaign -- Express Yourself -- for its mobile service brand AirTel.
The MTN Group, the largest mobile operator in sub-Saharan Africa, might seek a 'non-compete agreement' with Bharti Airtel, India's largest private telecom company, to bar it from entering the 21-odd markets in which the Johannesburg-listed company operates, banking sources said.
With cellular telephony fast expanding, Samsung on Friday said it has tied up with India's largest cellular operator AirTel for bundling of handsets in all circles.
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The South West District Consumer Disputes Redressal Forum said that Tara Chand, a Delhi-based businessman, was entitled to three domestic trips instead of one as contended by Airtel since he had bought the connections in the names of three directors of his firm.
ontinuing its acquisition spree in the international market, Bharti Airtel on Wednesday said the company will acquire 100 per cent stake in Telecom Seychelles for $62 million (about Rs 288 crore).
Leading telecom operator Bharti Airtel on Wednesday said it has earmarked a capital expenditure of $3.1 billion (over Rs 14,000 crore) for India and other global operations in the current fiscal.
Telecom services providers have urged the Ministry of Finance to suspend the universal service obligation (USOF) till the existing corpus is exhausted. In their Budget recommendations, they have also pressed for an exemption from the service tax on "assignment of right to use natural resources" and the slashing of Customs duty on telecom equipment to zero. The Cellular Operators Association of India (Coai), which represents private sector telecom operators Reliance Jio, Bharti Airtel, and Vodafone Idea, called for abolishment of USOF levy.
With the start of general elections as a source of revenue Bharti Airtel's direct-to-home arm is ready to launch its mobile DTH units for cars.
Dalal Street investors became richer by Rs 9.68 lakh crore in five days of market rally, where the Sensex breached the historic 73,000-mark for the first time ever to reach a new record peak, taking the market capitalisation of BSE-listed companies to an all-time high of Rs 376 lakh crore. The 30-share BSE Sensex jumped 759.49 points or 1.05 per cent to settle at a new closing high of 73,327.94 on Monday. During the day, it zoomed 833.71 points or 1.14 per cent to reach its all-time peak of 73,402.16.
Under this exclusive tie up, HTC Touch Diamond, the smartphone, will offer a wide range of services, including YouTube application for watching video content. Besides, it will give access to Airtel Live for providing entertainment on mobile.
The burgeoning population of mobile phone users is increasingly using the short messaging service to greet their friends and relatives on occasions such as the start of New Year.
Among the Sensex firms, IndusInd Bank, Tata Steel, Tata Motors, Sun Pharma, Infosys, Mahindra & Mahindra, Infosys, NTPC, Bharti Airtel, HCL Technologies and Axis Bank were the biggest gainers. Tech Mahindra and Bajaj Finance were the laggards.
As Vodafone started examining the books of Hutchison Essar, its existing partner Bharti Airtel on Tuesday said it has not been approached by anyone to buyout British telecom firm's stake in the company.
Enquiries indicate it belongs to an industrialist with links to a prominent cricketer.
Under the plan, customers can enjoy unlimited STD calls to anywhere in India to any mobile or landline number for 30 days at a tariff of 75 paise per minute by recharging with a Rs 47 pack, Airtel said.
Bharti Airtel said it might look at diluting some of its equity either at Bharti Airtel or at its tower subsidiary as one of the options to fund the $10.7-billion acquisition of African assets of Zain Telecom.
Bharti Airtel has awarded Swedish telecom vendor Ericsson a $1 billion (about Rs 4500 crore or Rs 45 billion) contract extending over three years.
Over the past week, the BSE Sensex ended on a muted note, showing a marginal gain of 2.25 points at 28,114.56.
Today is the last date for submitting the applications and companies have the option to withdraw them by January 27.
Indian telecom giant Bharti Airtel has now become India's biggest music company, overtaking the industry leader Saregama, on the back of its music-related value-added mobile services, a top executive has said.
Bharti Airtel operates in 20 countries across Asia and Africa and is the world's fourth-biggest cellular carrier by customers
Airtel has allocated 199,870,006 new equity shares at price of Rs 340 each share, representing 5 per cent equity stake in the company to QFE.
From the Sensex pack, Bharti Airtel, HDFC Bank, Titan, ITC, UltraTech Cement, Sun Pharma, Bajaj Finserv, Bajaj Finance, Hindustan Unilever and Kotak Mahindra Bank were among the major gainers. Tata Steel, Axis Bank, IndusInd Bank, NTPC and ICICI Bank were the major laggards.
As per TRAI norms, Vodafone and Airtel are close to getting added spectrums, given their growing subscriber rates.
Tata companies perform well while major firms in emerging markets do badly.
The JV between the two has won BWA spectrum in Delhi, Mumbai, Haryana and Kerala.
Benchmark indices--Sensex and Nifty--were 0.7-0.8 per cent higher from the Saturday closing. Among the widely-tracked Nifty 50 stocks, 39 advanced and the rest 11 declined at the opening bell. Among the individual stocks, Cipla, ICICI Bank, Sun Pharma, Power Grid Corp, and Bharti Airtel were the top five gainers, while Asian Paints, Hindustan Unilever, Britania, HDFC Bank, and BPCL the losers, NSE data showed. On Monday, Indian stock exchanges were closed for trading on the occasion of Pran Pratistha of Ram Temple in Ayodhya.
A Delhi court on Tuesday summoned as accused chairman-cum-managing director of Bharti Cellular Ltd Sunil Bharti Mittal, Essar Group promoter Ravi Ruia and five others in a case relating to alleged irregularities in allocation of additional spectrum to Airtel and Vodafone during the National Democratic All regime.
Airtel, a member of Asia's largest mobile alliance, Bridge Mobile, on Monday announced a suite of services that will enable its customers access, among other facilities, seamless roaming when they are abroad.
Telecom Regulatory Authority of India said on Tuesday that the quality of services by private mobile operators
HCL Technologies was the biggest gainer in the Sensex pack, rising 5.58 per cent, followed by Tata Consultancy Services and Infosys, State Bank of India, Tech Mahindra, Tata Steel, NTPC and Wipro. In contrast, Nestle, Bharti Airtel, Maruti and ITC were among the laggards.
In order to help voters make informed choice, Bharti Airtel said it is offering its pre-paid users 50 MB free Internet usage on Thursday.
AGR dues calculated by the government for 16 entities add up to Rs 1.69 lakh crore, while telcos' self-assessment place their dues at a mere Rs 37,176 crore.
The Commission was critical of the fact that the information relating to subscribers, which was confidential and lying with mobile companies, was being passed on to telemarketing agencies without the users' consent.
The launch will lower phone bills and enable customers to use a single phone with a common number for mobile and fixed-line calls.
