Airtel has pitched for a hike in mobile and data tariffs.
'These are capex and infrastructure-linked sectors, PSUs or stocks of some corporate houses.'
The meeting chaired by Prime Minister Manmohan Singh was attended by Commerce and Industry Minister Kamal Nath and Planning Commission Deputy Chairman Montek Singh Ahluwalia. Industry leaders, including Ratan Tata, Rahul Bajaj, Mukesh Ambani and Sunil Bharti Mittal, who are members of the council, also participated in the discussions.
Captains of the industry, particulary the outgoing chairman of Federation of Indian Chambers of Commerce of Industry Harsh Pati Singhania, who is also the managing director of JK Paper Mill, hailed the Union Budget.
Coercion does not work. People will find ways to come around it. No one can legislate that industry cannot spend, or not be ostentatious, says Sunil Mittal.
Bharti Enterprises, the holding company of Bharti Airtel and other businesses such as insurance and retail is aiming to achieve $10 billion revenue by 2010 and become a strong conglomerate a decade later, its chairman Sunil Mittal said on Monday.
He feels that the reserve price set by the government for the 2G spectrum auction was very high.
Responding to charges of cartelisation against the industry, newly-elected CII president K V Kamath on Thursday said corporates must ask themselves whether their actions in a demand-driven market was causing distress to others.
The Indian industry has thus joined hands with the government in urging Americans to lift stringent export controls on high-technology transfer.
This correction in tariffs is required to compensate for the company's rural business.
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.
The clarification comes a day after Vodafone signed a shareholders' agreement with the Essar group.
Oxford University has signed a memorandum of understanding with the Confederation of Indian Industry to set up India Business Centre.
During the two-day visit, the delegation headed by CII President Sunil Bharti Mittal is scheduled to meet key people such as UK Secretary of State for Health and Environment and interact with industry captains.
In a dig at Jio's Rs 1,500 4G-enabled feature phone, the Sunil Bharti Mittal-led company said its smartphone would be made available for the price of a feature phone
Billionaire Sunil Mittal, arguably India 's most successful telecom entrepreneur, may be on the verge of starting another revolution in the country's corporate world. Mr Mittal, who has built his mobile operator Bharti Airtel from a bit player into a $40bn company in less than a decade, is now pondering a deal that could leave him holding a much smaller share in the group but turn it into a global player.
Former Indian ambassador to the US Naresh Chandra, noted litterateur Raja Rao (posthumous) and scientist S E Chandy George and civil servant V Krishnamurthy were also selected for Padma Vibhushan.
The Bharti Group is raising $320 million in loans from a clutch of banks, including ABN AMRO and Singapore's DBS Bank, group chairman Sunil Mittal said on Tuesday.\n\n\n\n
Sunil Mittal-controlled Bharti group on Monday said that it would not participate in the airport modernisation project at Delhi.\n
The police had filed charges in December against Bharti Airtel and Vodafone's India unit.
Total revenue dropped by 10.5 per cent to Rs 19,634 crore in the fourth quarter of 2017-18
Telecom Regulatory Authority of India, on October 15, gave its recommendation on spectrum auction for premium 900 Mhz band and 1800 Mhz band that are presently being used for 2G GSM mobile services by Airtel, Vodafone, Idea Cellular and Reliance Communications.
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.
The deal enables Bharti Airtel to extend its services in 15 countries across the African continent.
Sunil Mittal's Bharti, in which British telecom firm Vodafone has 10 per cent stake, said on Thursday it is yet to hear a final word from the UK-based operator on its plans to buyout Hutchison Telecom's stake in Indian joint venture Hutch-Essar.
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.
Internet giant Google will invest USD 1 billion in telecom major Bharti Airtel, which includes equity investment as well as a corpus for potential commercial agreements, to be identified and agreed on mutually agreeable terms over the course of the next five years.
Earlier this week Vodafone CEO Vittorio Colao had said, 'one day we will discuss (Vodafone and Bharti Group) what to do with the stake. To have a discussion on any issue we need to have both the partners.' In 2005, Vodafone had bought a 10 per cent stake in Bharti Tele-Ventures Ltd (BTVL) for Rs 6,700 crore (Rs 67 billion).
Sunil Mittal-owned Bharti Airtel had acquired 70 per cent stake in Warid Telecom of Bangladesh for $300 million (about Rs 1,363 crore) earlier this year.
This is the single largest foreign investment in India so far.
The sale proceeds will be fully utilised to repay debt at Bharti Telecom and will make the promoter holding firm a 'debt free company'.
Bharti Retail, a subsidiary of the Delhi-based Mittal group, has tied up with Wal-Mart
Bharti Enterprises vice chairman and managing director Rajan Mittal said most of these will be Easyday stores.
UK telecom giant Vodafone has offloaded its 5.6 per cent direct stake in India's mobile leader Bharti Airtel to promoter Sunil Mittal's group for $1.6 billion, coinciding its acquisition of controlling stake in Hutch-Essar.
Further stimulus measures are expected in the upcoming Budget where the focus is likely to be on reforms, including some structural measures such as reducing red tape and boosting foreign direct investment. The meeting with industrialists is in the series of discussions that Modi has had during the last couple of weeks to seek suggestions to revive growth.
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