Cellular Operators Association of India (COAI) and Association of Unified Telcom Service Providers of India (AUSPI) have opposed the proposal to compensate consumers.
In a major reform push, government on Thursday approved 100 per cent foreign direct investment (FDI) in the telecom sector, meeting a key demand of the fund-starved industry.
The Mumbai-based firm is on a cost optimisation drive through outsourcing of network management services and call centre operations.
RCom and Aircel will hold 50 per cent each in the new company
RCom and Tata Teleservices are the top net losers of subscribers under mobile number portability (MNP) services.
A liberalised spectrum allows operators to use any technology to deliver services like 3G and 4G.
BSE IT index was the biggest sectoral loser, down 1.5% dragged by TCS
Analysts said with more power sector companies referred to the NCLT by banks, large companies would be at an advantage.
Infosys was the top gainer in the Sensex pack, rising 2.36 per cent, followed by HDFC Bank up 1.39 per cent.
Even as telecom services are being restored in Kashmir Valley, mobile operators are offering free calling facility in the region.
Broader market underperformed the headline indices
The case relates to the company allegedly developing a software that helps users increase probability of a child of particular gender.
US and European institutional investors bought a majority of shares in the over Rs 4,800 crore (Rs 48 billion) QIP offering by telecom operator Reliance Communications.
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At the close of trade, telecom stocks ended with as much as 4.3 per cent loss.
The long-overdue consolidation makes indebted RCom an even more attractive partner for a soon-to-launch upstart led by older brother Mukesh.
This is a significant move by Facebook considering the backlash it had from various quarters in India following debates on net neutrality
The restraint on part of investors was chiefly because of RBI's minutes of its December policy meeting, which showed that some members were concerned about rising oil prices, its inflationary impact and possibility of fiscal slippage.
The CAG report, tabled in Parliament, states the interest on the short payment stood at Rs 1,052.13 crore for the period up to March 2016.
Analysts attribute this outperformance to the government's proactive economic reform measures
Ambani said, in the telecom space, the focus will be on debt reduction, and the virtual merger did away with the need for major capex and will help towards this
Facebook on Thursday announced that it has shut down Free Basics in India.
Telecom Minister Ravi Shankar Prasad said that there were 31 complaints of call drops against the company in 2015
The programme has triggered a huge debate in India.
Telecom regulator TRAI has imposed cumulative penalty of Rs 50 lakh on nine mobile operators for failing to meet quality of service benchmarks in the second quarter ended June 2013, official sources said.
More asset sales may be only way out, though most of the group companies' ratings have been downgraded and their combined market value is now a fraction of their combined debt.
GSM based mobile service providers jointly added over 44 lakh new customers, taking their cumulative customer base to 67.88 crore in September, according to data released by industry body COAI on Wednesday.
Trai chairman Rahul Khullar says concept not practised strictly even in countries like the US and the UK.
'Spectrum payment to push up telcos' debt to Rs 3.5 lakh cr'
American Tower bulks up in India with $1.2 billion Viom stake buy
Bank of America Merrill Lynch and JP Morgan are bankers for the bonds
Facebook is now attempting to make truce with telecom operators through its programme.
'It is easy to dramatise the events of today, but it is far more important to focus on the fact that we have a radically overvalued financial sector. It is a house of cards.'
If Reliance Jio resets the rules of the game with low voice and data tariffs, most incumbents will find themselves back to square one.
Officials of Reliance Jio Infocomm claimed to have achieved broadband speeds on their networks that are 10-12 times faster than 3G services.
Both the indices ended at their highest levels since February 1.
The deal includes Reliance Infrastructure's integrated business of Generation, Transmission and Retail Electricity Distribution
Reliance earned $11.50 for every barrel of crude that it processed during the last three months of the calendar year - almost 60 per cent more than a year earlier.
The circular says even a day's delay in servicing loans would be now taken as a 'default'. And once in default, for loans above Rs 2,000 crore, the banks will have to arrive at a resolution within 180 days, else lenders will have to file an application under the IBC within 15 days.
It is startling that Mark Zuckerberg has failed to convince so many in India about the merits of Free Basics.
Despite the recent fall, the Nifty Midcap 100 index has outperformed by gaining 20 per cent till date in this year calendar year.
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