In one of the largest deals by an Indian telecom company, Reliance Infocomm has raised $300 million from overseas markets through syndicated loans to part-finance its $5.5 billion telecom project.
Telecom stocks fell after Mukesh Ambani extended Reliance Jio's free offers till March 2017.
This is the second investment by General Atlantic in a subsidiary of Reliance Industries, following a Rs 6,598.38 crore investment in Jio Platforms announced earlier this year.
The biggest gainers in the Sensex pack were Sun Pharma, Bajaj Finance, Vedanta, Yes Bank, ICICI Bank, HDFC, Tata Motors, HCL Tech, IndusInd Bank and Axis Bank, rising up to 2.98 per cent.
In the second major change in a year, Trai had capped individual channel subscription at Rs 12 per month, down from the earlier Rs 19, and capped channel bundle discount to 33 per cent, among other moves.
The sources said Gandhi wants India to lead in the niche area which comes after software development.
Chinese mobile brands are deeply entrenched in the Indian market. A move to bar them may send a bold diplomatic message. But its cost for the local industry is anybody's guess. In the event that Chinese brands face curbs, two handset makers - Samsung and Apple - squarely stand to gain.
A Group of Ministers headed by Finance Minister Pranab Mukhejree is likely to meet on Monday to vet London-listed mining group Vedanta Resources' $ 9.6 billion acquisition of Cairn India.
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.
Albert Hieronimus tells Bibhu Ranjan Mishra and Pradeesh Chandran, he is optimistic.
Etisalat DB Telecom chief executive officer Atul Jham was also questioned by the panel headed by senior BJP leader Murli Manohar Joshi.
Union Textile Minister Dayanidhi Maran, who has been implicated by the Central Bureau of Investigation in the 2G scam probe, resigned from his post on Thursday, just hours after attending a meeting of the Union Cabinet.
Prime Minister Manmohan Singh on Thursday said he respected the Supreme Court verdict on the quashing of the appointment of P J Thomas as the Central Vigilance Commissioner.
The 5G road map pursued by India should not only move the country forward but also result in progress of weaker sections of society.
In its 143-page report, the committee headed by retired Justice Shivraj Patil, has also said there is a need for a comprehensive new legislation for the telecom sector like in other countries.
TCS and Infosys were the top losers in the Sensex pack, falling up to 3.39 per cent.
Vodafone can mitigate risks of money-laundering through M-Pesa by making sure the funds are being traced.
A three-judge bench headed sought CCBI's response on Maran's plea and questioned its decision to arrest him.
Top losers in the Sensex pack included ICICI Bank, Tata Steel, Vedanta, HDFC IndusInd Bank, Tata Motors, RIL and ONGC -- falling up to 4.45 per cent.
Top gainers in the Sensex pack included Bharti Airtel, Tata Motors, IndusInd Bank, Kotak Bank, Hero MotoCorp, Asian Paints and PowerGrid, which rose up to 2.53 per cent.
After assuming office, the Narendra Modi government on Monday constituted a Special Investigative Team to unearth black money.
The bench said final hearing in all Aadhaar-related issues would start before another bench in the last week of this month.
Next-generation security and disaster management business seems to be next on the radar of Mukesh Ambani-led Reliance Industries, which will utilise its 4G telecom services for this new initiative.
Nokia is one of the leading telecom equipment manufacturing companies in India
In its consultation paper Trai addressed three key points including the bundling of channels under bouquets, rampant discounting within bouquets, and the lack of consumer choice.
Taking the 2G probe to the doorstep of the Prime Minister's Office, the Public Accounts Committee is likely to ask Principal Secretary to the PM, T K A Nair, and Cabinet Secretary K M Chandrasekhar to appear before it this fortnight in connection with the telecom scam.Sources said Parliament's Public Accounts Committee, headed by senior Bharatiya Janata Party leader M M Joshi, has called Nair, Chandrasekhar and Central Bureau of Investigation Director A P Singh to depose.
The Public Accounts Committee of Parliament has sent to the Telecom Ministry, a volley of questions including why views of the Finance Ministry, Law Ministry and even the Prime Minister were ignored when taking decisions on allocation of spectrum in 2008.
The telecom sector is in the midst of another major shift as voice gives way to data.
India Inc's bear hug with Russian consumers is getting warmer. From selling marquee cars to liquor, the relationship is heading into the next league -- joint ventures in diverse areas such as petrochemicals, telecom, pharmaceuticals and nanotechnology.
Modi hits out at trade protectionism and calls for a rule-based, transparent, anti-discriminatory, open and all inclusive WTO-centred multilateral trading system focused so that the interests of every country specially the developing ones can be taken care of.
The Supreme Court on Tuesday set aside a telecom tribunal order upholding the governments decision to allow basic telephone operators to provide limited mobility on wireless in local loop.
A committee headed by Sam Pitroda, advisor to the Prime Minister, has suggested that state-run telecom major Bharat Sanchar Nigam Ltd should retire or transfer about 100,000 of its employees through measures such as a voluntary retirement scheme. This is a third of BSNL's total employee strength, of 300,000 across the country.To improve organisational performance and employee productivity substantially, BSNL should induct young talent in all spaces.
A committee headed by Sam Pitroda, advisor to Prime Minister Manmohan Singh, suggested that state-run telecom major Bharat Sanchar Nigam Ltd scrap its controversial 93-million GSM lines tender.The committee said BSNL should change its method of growth from outright purchase of equipment to lease arrangement. The vendor who would supply the equipment should be responsible for installation, maintenance and operations, besides future expansion.
Justice Shivraj Patil, former Judge of the Supreme Court, who was appointed to probe the lapses in the sale of 2G spectrum submitted his report to the government a while ago. The one-man committee headed by Justice Patil also gave suggestions to streamline the policy regarding the sale of spectrum in the future.
Other gainers included Kotak Bank, HCL Tech, ONGC, Asian Paints, Vedanta, HDFC Bank, Bajaj Finance, Maruti and TCS, gaining up to 1.41 per cent. Sun Pharma was the top loser, cracking 8.58 per cent.
Ericsson has three global delivery centres (apart from India) in Romania, China and Mexico and has more than 45,000 people in this unit.
SBI was the biggest loser in the Sensex pack, shedding 2.40 per cent, followed by Yes Bank, Bharti Airtel, L&T, Sun Pharma, M&M, ICICI Bank, ONGC, RIL, Asian Paints, Vedanta and HUL, which lost up to 2.37 per cent.
IT majors weakened ahead of the September US jobs data and telecom stocks ended lower
