Telecom major Bharti Group, hotelier Lalit Suri and Kolkata-based Peerless are among the companies which have proposed investments of Rs 1,000 crore (Rs 10 billion) in Jammu and Kashmir under the ambit of industry body FICCI.
Telecom regulator TRAI has issued a show cause notice to Bharti Group, offering mobile services under AirTel brand, for violation of licence conditions by continuing a particular service inspite of the government's instruction to stop it.
Bharti Teletech, India's largest fixed line phone manufacturer and flagship of the AirTel Group, on Friday announced its entry into digital set top boxes used for the direct-to-home services with an initial investment of $2 million.
Bharti Enterprises on Tuesday said it expected to start its life insurance venture with French major Axa by June end.
After outsourcing its network management and IT operations, Sunil Mittal-owned Bharti Group has given contract of its call centre operations for mobile services to four global majors in a deal, valued cumulatively at Rs 1,000 crore.
Bharti Group chairman Sunil Mittal on Tuesday said the unified licensing regime proposed by the Telecom Regulatory Authority of India could not be pursued in its present form, as it was in contradiction of the TDSAT judgement.
In a major setback to Bharti Group which offers telecom services under AirTel brand, the Supreme Court has turned down its plea seeking refund of Rs 135 crore (Rs 1.35 billion) for surrendering five basic licences.
Bharti Group offering mobile services under AirTel brand has become the first private telecom conglomerate to complete nationwide network in all 23 circles at an investment of Rs 15,000 crore (Rs 150 billion) till now.
Having sold 62 million equity shares last week in Sunil Mittal owned Bharti Group, Warburg Pincus has said that its investments in the Bharti company was one of most successful investment and expressed satisfaction about the deal.
Reliance Infocomm occupies the top place among private operators with maximum number of phone connections at over 1.33 crore (Rs 13.3 million), Communication and IT Minister Dayanidhi Maran informed the Lok Sabha on Wednesday.
Sunil Mittal-owned Bharti Group has formed a consortium with Changi Airport of Singapore (a 50:50 joint venture) to bid for the development and management of Delhi and Mumbai airports.
Amid the ongoing controversy over outsourcing to India, Atlinks has entered into an alliance with Bharti Teletech as part of which the latter would manufacture fixed line phones for Atlinks for global exports.
Amid the ongoing controversy over outsourcing to India, Atlinks has entered into an alliance with Bharti Teletech as part of which the latter would manufacture fixed line phones for Atlinks for global exports.
Taking advantage of liberalised norms for external commercial borrowings to raise upto $500 million through the automatic route, Sunil Mittal-promoted Bharti Group is planning to tap the overseas market next fiscal.
Sunil Mittal-owned Bharti group on Friday announced it would buy 27.5 per cent stake of Telesystem International Wireless of Canada in Hexacom, a cellular telecom operator in Rajasthan.
The fall in GSM-based cellular subscribers growth continued with just 979,000 additions in May 2004, at 2.81 crore (28.1 million), with the Bharti Group cornering over one-fourth of the market at 73.43 lakh (7.34 million) customers.
Bharti Group, which has bid for modernisation of the Delhi airport, would consider taking up similar jobs for other non-metro airports if it wins the bid, its chief Sunil Mittal said on Tuesday.
The Hinduja Group, Mukesh Ambani, Murugappa, and the Adani groups were the other gainers in the Modi regime, while Naveen Jindal and Sun Pharma groups saw the most erosion in their m-cap in the last five years, reports Krishna Kant.
Even as the government deferred the decision to enhance foreign investment limit in telecom, Sunil Mittal-owned Bharti Group said on Thursday that its offer to buy Canadian TIW's 27.5 per cent stake in Hexacom has been terminated
India's cash-rich promoters are not the same as the wealthiest. For example, Mukesh Ambani is the richest Indian based on his stake in Reliance Industries, followed by Premji, the Adani family of the Adani group, and Radhakishan Damani of Avenue Supermarts.
India's 42 million mobile phone subscribers would swell to 100 million in next two years with the growth mainly coming from non-urban and non-metro circles, Bharti group CMD Sunil Mittal said on Friday.
Prime Minister Narendra Modi on Tuesday hosted British royal couple Prince William and Kate Middleton for lunch to the accompaniment of classical music.
Sunil Mittal promoted Bharti Group garnered the largest subscriber base of 37.50 lakh (3.75 million), followed by BSNL and Hutchison Group.\n
Bharti Group said on Thursday that it will not dilute its share in its telecom arm Bharti Televentures even if the government raises the foreign direct investment limit in the sector.
The GSM-based mobile subscriber base has gone up by 994,000 in April at 2.71 crore (27.1 million) customers with the Bharti Group cornering almost one-fourth of the market with 67.58 lakh (6.76 million) customers.
Bharti Televenture, a flagship of Sunil Mittal promoted Bharti Group, on Friday turned a one billion dollar company with its turnover touching Rs 5002 crore ($1.13 billion)
For now Walmart has said it remains optimistic about India. But that could change without prior notice, says Nivedita Mookerji.
The GSM-based mobile subscriber base has gone up by 15.08 lakh
Bharti Group on Monday entered into an agreement with Shyam Group to acquire its entire 67.5 per cent stake in Hexacom, a cellular operator in Rajasthan, for a consideration of Rs 430 crore.
Biggest contribution came from Bharti group-led Satya Electoral Trust.
Reliance Infocomm led the tally of the basic subscribers with 58.8 lakh (5.88 million) till December 2003, while the all-India subscriber base rose to 81.13 lakh (8.113 million) in December from 75.63 lakh (7.563 million) in November last year.
Following Reliance's move to offer roaming at no extra charge, Sunil Mittal owned Bharti Group on Friday announced new roaming charges without monthly rental of Rs 99 and incoming calls costing just Rs 1.99 per minute.
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