Country's second largest telecom player Vodafone has launched Rs 5 per day scheme offering free incoming calls, cheaper outgoing calls and SMS rates during national roaming.
Vodafone's operating loss from India business jumped to 692 million euros in April-September from 133 million euros in the same period last year.
HDFC Bank on Tuesday ruled out merger with its parent HDFC or acquiring smaller banks in the near future, but said it has embarked on an aggressive organic growth path in India and abroad.\n\n
Need for much more investment; sector would like govt help
The Sunil Mittal led firm accused the regulator of "wrongly" holding Jio's promotional offer as compliant with the regulatory guidelines
Ashok Shandilya of India suffered a shock defeat against Aung San Oo of Myanmar in a thrilling tie.
The Supreme Court in February, 2012 had quashed 122 2G licences.
Bharti Airtel has paid Rs 11,374.7 cr while upfront amount due from it was Rs 7,832.20 cr
Analysts believe making mobile data more affordable will fuel mass market adoption of data services
Cellular operator Idea has announced three new tariff packages for pre-paid customers including a card worth Rs 349 mainly for those who would be using their phones for incoming calls.
Airtel, Vodafone, Idea, RCom, Reliance Jiosubmitted applications.
Airtel, Vodafone, BSNL increase subscriber share while Idea manages to retain
ONGC was the top performer while private banking major ICICI Bank extended gains
The case is likely to come up for hearing on Monday.
A total of 41 companies had applied for the permit
Telecom major Bharti Airtel led the growth in segment with net addition of 1.31 million subscribers.
The new proposals will lead to complex processes and huge costs for telecom service providers, without any substantial benefits: COAI
Given the escalating cost of doing business, the revenue opportunity is decreasing and consolidation is an inevitable part of the industry.
As per the latest data released by Telecom Regulatory Authority of India (TRAI), Vodafone Idea -- born last year from the merger of older operators Vodafone India and Idea Cellular -- continues to be the largest operator with 38.75 crore consumers and 33.36 per cent market share in the wireless segment as on May 31, 2019.
Total revenue dropped by 10.5 per cent to Rs 19,634 crore in the fourth quarter of 2017-18
The minister said the companies have given representation which is being examined by the DoT before taking a final decision.
After Airtel and Hutch, cellular operator Idea, an Aditya Birla Group Company, has lowered ISD rates by 80 paise per minute.
Market breadth remained strong with 1,581 advances over 1,018 declines on the BSE
Department of Telecom had sought the legal opinion of the matter from the government's counsel.
Demand for 1,800-MHz weak but govt secures a combined Rs 42k cr on Day-1
Mobile phone service providers alone jointly reported gross revenue of Rs 55,164.18 crore (RS 551.64 billion).
The Aditya Birla Group announced the merger of its two holding companies, Aditya Birla Nuvo and Grasim, to make the holding structure clearer, ensure stable cash flows and unlock value in its financial services arm
Government's resolution on the contentious issue of spectrum usage fee seems to have found favour with telecom operators with none of them withdrawing their application from airways auction on the last day on Monday.
The incumbents Bharti Airtel and Vodafone Idea recorded adjusted gross revenue of Rs 10,701.5 crore and Rs 9,808.92 crore, respectively, during the quarter.
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.
The onus of the tax dues of Rs 22,100 crore on Vodafone India's British parent could also fall on the merged entity.
Cellular Operators Association of India (COAI) and Association of Unified Telcom Service Providers of India (AUSPI) have opposed the proposal to compensate consumers.
In its letter Voda Idea has warned that it is not in a sound financial state, and added that it would be in a position to meet its liabilities only if the government initiates steps including allowing set-offs for GST credit accumulated so far, and permitting staggered mechanism for payment of balance amount of interest, penalty, and interest on penalty.
Market breadth turned negative with 1,779 declines over 884 advances on the BSE
Currently, MNP is only available within a state/circle.
'We have informed the government multiple times that the situation in the US and India are different.' 'Here, there will be a 500 MHz gap in the frequencies which will safely allow aviation without interference.'
Its plans, to cut tariffs by 40% or offer more data, comes bundled with 1 GB high speed data for 28 days with unlimited voice thrown in.
Jio says it has completed mobile number portability testing and is certified MNP-compliant
Spectrum auction ends, brings Rs 1.09 tln to govt kitty.
IT majors weakened ahead of the September US jobs data and telecom stocks ended lower
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