Even in the protected world of India's sick public sector units, it takes a special kind of government company to lose Rs 8 crore (Rs 80 million) a day, while earning just Rs 10 crore (Rs 100 million) as revenue - and that in the booming field of telecommunications.
However, it was not clear on what basis most of the people were being held.
While in all, 15 entities owe the government Rs 1.47 lakh crore -- Rs 92,642 crore in unpaid licence fee and another Rs 55,054 crore in outstanding spectrum usage charges, it is not immediately clear just how much of that has been sought by the government by midnight.
No one was injured in the attack, said officials.
The Central Bureau of Investigation has arrested a sub divisional engineer of Bharat Sanchar Nigam Ltd of Roorkee, Ashok Chaudhary, and four private persons of Faridabad (Haryana) and Saharanpur (Uttar Pradesh), including an NRI kingpin based in Saudi Arabia, Sayeed Zaidi, for running a racket to cheat BSNL to the tune of several crores of rupees by illegally activating unmentioned ISD facility to local landline numbers.
JioFiber, India's first 100 per cent all-fiber broadband service, will start from 100 Mbps and go all the way up to 1 Gbps. This will propel India to top 5 broadband nations globally.
After questions were raised over his claim, Congress general secretary Digvijay Singh on Tuesday produced record of the call slain Anti-Terrorist Squad chief Hemant Karkare made to him on 26/11 terror attacks and demanded apology from Maharashtra Home Minister R R Patil
After questions were raised over his claim, Congress general secretary Digvijay Singh could be having the last laugh on the issue of his telephonic conversation between him and slain Mumbai ATS chief Hemant Karkare.
Indian telecommunications companies are ringing louder. Bharti Airtel and Reliance Communications are among the big league of gloal telecom companies.
Local residents and even security personnel are using Nepalese SIM cards in border areas of Uttarakhand as no state-owned or private telecom company from India is providing services in the area, raising security issues.
It is the first private telecom firm to launch 3G mobile services in the country.
Aircel plans to launch 3G services before the cricket World Cup
The total outstanding dues against Bharti Airtel is Rs 11,235.50 crore.
Under attack over his claim about a call from late top cop Hemant Karkare, Congress leader Digvijay Singh on Tuesday produced a record of the conversation the slain Anti-Terrorism Squad chief had with him on 26/11 and sought an apology from Maharashtra Home Minister R R Patil and all others who had dubbed him a 'liar'.
The Committee on Public Undertakings (COPU) of Parliament has summoned the telecom secretary R Chandrasekhar on Tuesday to estimate the loss suffered by public sector undertakings BSNL and MTNL in the 2G and 3G spectrum allocations.
Bharat Sanchar Nigam Limited had invited bids to add 93 million GSM lines about two years ago and one of the leading vendor Nokia-Siemens Network was disqualified on technical issues and since then the PSU has not been able to place the orders because of various reasons including legal battles.
The government will miss the June 30 deadline to implement nationwide mobile number portability, as telecom public sectors MTNL and BSNL, and a new operator Uninor, are not ready with equipment.
Bharat Sanchar Nigam Limited (BSNL) shall provide these facilities during Amarnath yatra this year, he said adding that a detailed plan was being prepared by the BSNL.
The government on Friday banned short message service for post-paid subscribers in Jammu and Kashmir, while restricting the facility for pre-paid users from midnight, due to security concerns.The department of telecom has asked all the 12 operators, including state-owned BSNL and other private players like Bharti Airtel and Vodafone Essar, to withdraw text message service to their post-paid users in J&K altogether.
The prime minister had openly said the retail sector should be open to competition, domestic and foreign.
With services contributing around 57 per cent to the economic growth, finance ministry advisers have made a case for allowing FDI in the retail sector and selling government equity in PSUs, including telecom firms BSNL, MTNL and TCIL, to achieve high GDP expansion.
Nine people were injured in a string of terror attacks in north Kashmir's Sopore town on Monday.
The interconnection charge has been reduced.
In a blow to GSM operators, who have been demanding that auditor CAG be stopped from vetting their account books, tribunal TDSAT has declined an interim relief, saying it had no powers to intervene.
BSNL shall be bankrupt by the end of 2011, Indian Railways is bleeding; Air India has run up a total debt of Rs 40,000 crore. T V R Shenoy on the figures that tell the government's story.
Mobile telephone subscribers would have to wait a little longer to change their service provider without changing their numbers.
A day after Central Bureau of Investigation arrested his close aide and 2 others in illegal telephone exchange case, former Telecom Minister Dayanidhi Maran on Thursday charged the agency with trying "to fix" him to please an Rashtriya Swayamsevak Sangh leader from Tamil Nadu.
The government on Thursday ruled out setting up an ombudsman to redress complaints of poor mobile telephony services like call drops saying state-run BSNL/MTNL were taking effective steps to upgrade technology.
State-owned BSNL has become the first telecom firm to launch mobile services at the Holy Amarnath cave, as well as on the two routes of the yatra.
Mukesh Ambani-led RIL on Tuesday said its newly acquired internet arm Infotel has paid Rs 12,847.77 crore (Rs 128.477 billion) it bid for pan-India Broadband Wireless Access spectrum.
The Comptroller and Auditor General of India, the apex audit body, has decided to audit the accounts of five telcos-- Bharti Airtel, Reliance, Tata, Vodafone and the state-run BSNL-- for 2009-10.
A consortium led by Delhi-based Vavasi group has sent feelers to China Mobile, the world's largest telecom company, for a possible joint bid for Zain Telecom, adding another element of complexity to the battle for the Kuwait-based company that involves India's two state-owned telecom service providers.
Telecom players are set to use 3G technology to woo the ever-expanding mobile user base with value-added services and much higher speeds.
Indian Army officers, serving and retired, will tell you that the one thing that makes the Indian soldier singularly unique is his josh and jazba.
Everyone loves to hate their mobile service providers. Here, A. Ganesh Nadar shares his recent experience of having a cellphone connection go from bad to worse while travelling.
Mobile phone service providers alone jointly reported gross revenue of Rs 55,164.18 crore (RS 551.64 billion).
There were close to 20 million 3G-enabled handsets in use last year. With the handset replacement market expected to reach 70 per cent this year (According to BCG research), device manufacturers are expected to introduce affordable 3G handsets.
India beat Korea 7-2 in the final of the Asia Cup to notch their seventh straight victory in the tournament.
India beat Korea 7-2 in the final of the Asia Cup to notch their seventh straight victory in the tournament.
