RCom and Aircel will hold 50 per cent each in the new company
Reliance Jio Infocomm (RJIL) has written to the Telecom Regulatory Authority of India (Trai) stating that a recent complaint against it by Bharti Airtel is a deliberate, malicious attempt at defaming RJIL's consumer-friendly tariff. RJIL has also asked the regulator to warn Airtel against 'making such frivolous complaints in the future'. The move is in response to Airtel recently requesting Trai to bring content aired through broadband under the regulatory fold and keep a check against discriminatory bundling tactics.
If 4,000 workers could work round the clock for the construction of the new Parliament building, then there is no reason why all infrastructure projects too cannot follow that model, asserts Dr Sudhir Bisht.
The income tax department has found alleged manipulation of account books for reducing taxable income in India by Chinese telecom company Huawei whom it raided recently, sources said on Thursday. The searches were conducted on February 15 at the main business and residential premises of "key office bearers" of a multi-national group, engaged in distribution of telecom products and providing captive software development services, the CBDT said in a statement. Sources identified the company as Huawei.
Leading Chinese telecom equipment manufacturers, Huawei Technologies Co Ltd and ZTE Corporation, have launched an aggressive 'Indianisation' drive. The two companies are replacing Chinese nationals with Indians on their board of directors. The move is seen as an attempt by the companies to change the public perception in India, where Chinese firms are often viewed with suspicion. This would also make it easy for the firms to do business in India.
A DoT panel has suggested completely opening up the telecom sector to foreign direct investment, a move which is expected to bring in fresh funds into the industry that is facing a financial crisis.
Titan, IndusInd Bank, Axis Bank, State Bank of India, Power Grid, NTPC and Tata Motors were among the among the major gainers. Mahindra & Mahindra, Larsen & Toubro, Nestle, JSW Steel, Infosys and Tata Consultancy Services, Tech Mahindra and Maruti were the major laggards.
Despite the economic slowdown, most students consider the telecom sector a 'favourable industry' to work for, according to a study conducted by a Chennai-based Human Resources firm.
The Delhi circle licence will be available in the efficient 900 MHz spectrum, which is why Videocon is interested.
The long-awaited high-speed 5G services are expected to be rolled out in about a month, Minister of State for Telecom Devusinh Chauhan said on Monday. Addressing the inaugural event of the International Telecommunication Union's Regional Standardisation Forum (RSF) for Asia and Oceania region, Chauhan said India is likely to deploy indigenously developed and manufactured 5G telecom gears by end of this year for 5G services. "In about a month, 5G mobile services will roll out in the country, which will have multiplier effects on the development of all sectors.
If accepted, the plan could give the sector Rs 70,000-crore (Rs 700-billion) relief.
Seeks clarification on a few issues such as enhancement of entry fee and performance bank guarantee from telecom regulator
Call drops may end as govt allows telecom spectrum trading
Expressing concern over frequent internet shutdown without any empirical study, a Parliamentary panel has pulled up the Department of Telecommunications for not maintaining the record of incidents and inaction on several of its recommendations. The Standing Committee on Communications and Information Technology on 'Suspension of Telecom Services and Internet and its impact' tabled in Lok Sabha on Thursday, the panel has asked the Department of Telecom (DoT) to lay down a clear cut principle of proportionality and procedure for lifting of shutdown in coordination with the home ministry to prevent any misuse of the suspension rules. The panel rejected the logic of the DoT and Ministry of Home Affairs (MHA) for not maintaining the record of the shutdown, saying it cannot simply take the plea that police and public order are essentially state subjects and suspension of the internet does not actually come under the ambit of crimes.
Responding to queries from the Central Vigilance Commission amid allegations from political parties that Rs 50,000 crore (Rs 500 billion) was squandered in distribution of spectrum, telecom ministry said it had gone by the book and had done nothing wrong.
According to data released by the telecom regulator, the wireless subscriber base increased from 601.22 million in April to 617.53 million by the end of May 2010, registering a growth of 2.71 per cent.
They are both electronic manufacturing services (EMS) companies, also known as contract manufacturers. One is Taiwan's Foxconn group, the undisputed global number one in this business with revenues of $223 billion. The other is Dixon Technologies, the biggest domestic player with revenues of over Rs 10,500 crore.
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At the close of trade, telecom stocks ended with as much as 4.3 per cent loss.
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Indian telecom sector has at present around 13 mobile phone service providers with some of them expected to go for consolidation once the final guidelines are in place.
The officials said that the recently developed SH-15, a 155 mm truck-mounted howitzer gun, has also been spotted at some places along the Line of Control after it was displayed on Pakistan Day last year.
'You have to have commitment to both, but it has to be done at the individual level.'
Companies such as Tata Sons and Bharti Telecom, which are unlisted but have listed subsidiaries, may soon have to file periodic financial statements with the registrar of companies under the new provision of the Companies Act. The provision requires greater financial disclosures by a certain category of unlisted companies.
Sources at the department of telecommunications confirmed that Bharti Airtel has submitted application to bid for airwaves frequencies at pan-India level.
In Metro circles only Bharti-Mumbai, BPL-Mumbai, Reliance- Mumbai and Tata-Mumbai meet the benchmark.
Shares of telecom services providers - Reliance Industries (parent of Reliance Jio), Bharti Airtel, and Vodafone Idea - have shed up to 23 per cent so far in the current calendar year as growth in the wireless subscriber segment begins to plateau amid higher tariffs and rising costs of smartphones. By comparison, the benchmark S&P BSE Sensex, and sectoral index BSE Telecom have dipped 1.8 per cent, and 12.6 per cent, respectively, ACE Equity data shows. However, analysts expect the trend to reverse soon as telecom services providers focus on the next leg of growth -- fixed broadband (FBB) segment.
Led by Huawei Technologies and ZTE, Chinese manufacturers are challenging the domination of European equipment-makers by grabbing contracts (some of which are in advanced stages of negotiations) worth over $2 billion in 2008 -- nearly one thirds of the Indian market of around $6 billion.
The demand for white-collar gig roles saw an 11 per cent uptick year-on-year in March, amid muted hiring across industries due to global headwinds and job cuts, according to a recent report. The month saw white-collar hiring in India rise 2 per cent in terms of job posting activity compared to the same period the previous year, according to the report by staffing portal foundit.in (formerly Monster APAC and ME). Sectors such as retail, telecom, and Travel and Tourism saw the biggest growth in demand on an annual basis.
The robust earnings, shown by corporate India in the first half of this year, may not sustain the momentum due to slowdown in performance of IT and telecom sectors, making it difficult to match the forecasted growth for the entire fiscal.
Global credit rating agency Fitch upgraded outlook for the Indian telecom sector from 'negative' to 'stable'.
Chinese telecom networking company Huawei Telecommunications is planning to increase its workforce by 50 per cent to touch 90 professionals by June-end this year.
The Department of Telecommunications is planning to give more powers to the telecom regulator, Telecom Regulatory Authority of India, in the new telecom policy, including the power to impose financial penalties on the erring telecom service providers.
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TC at its meeting here recommended to an Empowered Group of Ministers that reserve price for pan-India 1800 MHz spectrum be fixed 15 per cent higher than Trai suggested rates.
IT major Wipro Limited has appointed Satya Easwaran, a former senior executive at consultancy KPMG, as its India head. Easwaran will be in charge of strengthening Wipro's business in India across key industry sectors through strategic consulting, transformation and modernisation engagements, it said in a statement on Monday. "India is a strategic market for Wipro and I am excited to welcome Satya to champion our bold ambition for growth and leadership here.
Russia's AFK Sistema financial corporation is to invest $1 billion in the Indian cellular telecommunication sector over a period of five years.
'At a time when massive strides are being made in bringing 5G technology to India, and with TSPs ramping up their infrastructure, it is unacceptable that a large number of complaints over quality issues continue to come in, even from major urban areas.'
Telecom regulator Trai on Monday said that it is working on various technologies to detect pesky calls and messages along with a joint action plan with other regulators to curb financial frauds. The Telecom Regulatory Authority of India (Trai) said that Unsolicited Commercial Communication (UCC) or pesky communication is a major source of inconvenience to the public and impinges on the privacy of individuals. "Now complaints are reported against Unregistered Telemarketers (UTMs), where a surge has been seen in pushing various kinds of UCC SMSes. Additionally, UCC calls are also one of the concerns which need to be dealt with equally along with UCC SMSes," it said.
In FY22-23, Samsung exported $4.09 billion smartphones from India -- an increase of 42 per cent over 2021, when it was $2.8 billion -- accounting for 35 per cent of all smartphone exports.
If completed, the 50-50 joint venture would value Reliance Communications' cable assets at $1 billion, the newspaper said, adding Citic Telecom beat out two other bidders from West Asia earlier this month.
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