Of the 23 Indian billionaires mentioned in the Bloomberg Billionaires Index, only one saw a reduction in net worth, with the companies owned by most of them outperforming the Nifty 50 index by a big margin.
The race for South African telecom major MTN Group is hotting up with the possibility of two other players evaluating a bid or a strategic relationship with the company. Banking sources say European telecom major Deutsche Telekom and Russian telco Vimpel Communications are also studying the possibility of talking to the MTN Group.
Inflation is down, growth is headed for recovery. RIL and subsidiary Jio are on an upswing. However, stressed loans and impending job losses are the dark clouds, says Devangshu Datta.
Cut-throat competition, high spectrum costs, and frequent flip-flops in government policies have made it difficult for Vodafone to make money in the country.
But what is dual listing all about? Why is India hesitant to adopt it? And what should be done? How does this issue stand between the Bharti and MTN deal? Let's find out.
The Union Cabinet headed by Prime Minister Manmohan Singh accepted recommendation of the empowered group of ministers that all existing mobile phone companies must pay one-time spectrum charge.
The court granted bail to Advani, Joshi and Bharti after they appeared before it.
Business leaders, among others, ask govt to let go of fiscal target, seek stimulus, and direct cash transfer.
Incumbent operators can retain 2.5-MHz spectrum in 900-MHz band, rest to be refarmed decision final.
The big boys of India's traditional retail have finally come together to fight the onslaught of their online counterparts.
In his letter dated October 11, written before the last EGoM meeting, Ambani has said the government would incur a loss of at least Rs 35,000 crore if the EGoM had decided to charge for excess spectrum beyond 6.2 MHz only prospectively from 2012, and not from 2008.
A grouping of Indian and Indian-origin professionals working with tech giants like Google, Uber, Amazon and Facebook have written an open letter against the new religion-based citizenship law and the planned national register of citizens, terming them as "fascist". The letter by 'TechAgainstFascism' on online publishing platform Medium also urged the leaders to refuse to shut off the Internet at the "government's whim" and to ensure that content moderation is not skewing pro-government.
While it gives clarity on one regulatory issue, the financial burden increases for the sector.
The empowered group of ministers (EGoM) on telecom headed by Finance Minister P Chidambaram on Monday decided to impose a one-time fee on incumbent operators prospectively for spectrum beyond 4.4 MHz in GSM and 2.5 MHz in CDMA.
Three stockmarket experts give their best picks for the New Year.
Reliance joins a number of large companies, including the Essar and Adani groups, which are raising loans abroad as interest rates in India remain high.
As third anniversary of 26/11 draws near, a new homeland security project gets underway.
Some leading Indian companies are likely to see their earnings declining if the Indian currency depreciates further, analysts and finance heads say.
Spectrum auction ends, brings Rs 1.09 tln to govt kitty.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
Nifty crosses 9,750-mark; Bharti Airtel, TCS, Wipro, Lupin and Coal India gained the most on BSE Sensex
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
In several parts of the metropolis, shops were shut in protest and schools held prayer meets as a mark of respect to the CRPF personnel who were killed on Thursday.
Nisbet would be succeeded by Nazir Patel effective from October 1. Nisbet has been part of the telecom company for 14 years.
Not too much is known about the middle-aged Arifuddin who is Vavasi's major shareholder, except for the fact that he is a civil engineer from Karnataka and started the group around a decade ago.
The swearing-in ceremony, attended by Chouhan, was kept low-key in view of the coronavirus-induced lockdown. Social distancing norms were followed at the ceremony.
He feels that the reserve price set by the government for the 2G spectrum auction was very high.
Lt Governor Najeeb Jung on Thursday returned to Delhi government the file on removal of DCW chairperson Barkha Singh seeking reasons for the proposed action even as Chief Minister Arvind Kejriwal justified its stand saying these bodies should not be headed by politicians.
Like Bharti, India 's largest mobile operator, Reliance has global aspirations. After losing last year's keenly-contested $11bn takeover of Hutchison Essar, India 's fourth-largest mobile operator, to Vodafone of the UK, Reliance needs to raise its game or risk becoming an also-ran.
A new board has been constituted for the merged entity 'Vodafone Idea Ltd' with 12 directors (including six independent directors) and Kumar Mangalam Birla as its Chairman. The board has appointed Balesh Sharma as the CEO, the companies said in a joint statement. The combination will have an all-India revenue market share of 32.2 per cent and take the numero uno slot in nine telecom circles, it said adding that both Vodafone and Idea brands will continue.
'On the direction of the home ministry, the Delhi Police has put chief minister Arvind Kejriwal under house arrest ever since he visited farmers at Singhu Border'
ONGC was the top performer while private banking major ICICI Bank extended gains
Indian CEOs might like to make some serious course correction.
'We are already exhausted, but we can't give up.' 'The battle is still on.' 'We will see some respite by December 2021.'
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
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SBI will hold 30 per cent in RIL joint venture
Telenor Financial Services, IDFC Bank and Sun Pharma's Dilip Shanghvi have decided to withdraw their licence to set up a payments bank.
Says spending $3 billion every year on networks alone
The latest deal would give Facebook deeper access to India, the second largest internet market after China.
