Just ahead of its mega FPO opening to public investors, Vodafone Idea (VIL) has announced closure of its anchor book allocation, raising about Rs 5,400 crore from marquee global as well as domestic investors, according to a statutory filing by the telco. This could be the third-largest anchor book after One 97 Communications and Life Insurance Corporation (LIC). One 97 Communications and LIC had raised Rs 8,235 crore and Rs 5,627 crore in the anchor round, respectively.
'You guys watch, I will be lifting the World Cup also.'
The new bride's exquisite outfit was the result of a collaboration between Designers Abu Jani Sandeep Khosla and contemporary Indian Artist and Sculptor Jayasri Burman.
But the road map of telecom will be decided by one thing: Whether Jio sticks to its ambitious plan and whether incumbents have enough financial muscle or ability to raise money every year to ensure that Jio does not reach its target, says Surajeet Das Gupta.
'If anyone else had been in my place, she would not have accepted it.'
The optic fibre cable infra was with Jio Digital Fibre and the tower infra with Reliance Jio Infratel
It reported adding 698,3146 subscribers in September, the lowest since it added 6.1 million in November 2017.
The big advantage that Jio is able to garner currently is its low cost of operations.
The value of private equity (PE)-backed mergers and acquisitions (M&As) in India reached a six-year low during the first seven months of the current calendar year, amid ongoing global uncertainties. The total value of these deals stood at $6.2 billion during the period, down from $9 billion in the same period last year, and lower than the $14 billion recorded during the corresponding period in 2019, according to data from LSEG Deals Intelligence. PE funds pool capital from investors, including high-net-worth individuals, to invest in high-return opportunities.
Tech and startup industry bodies have again pushed back against calls by telecom operators to bring over-the-top (OTT) services under a licensing regime similar to telcos, and open them up to taxation. Ahead of public consultations on the issue later this week, the Internet & Mobile Association of India (IAMAI), Nasscom and the US India Strategic Partnership Forum (USISPF), among others, have written to the government arguing against such efforts.
Telecom operators, including Reliance Jio, have been demanding "same service same rules" regime which means that mobile applications providing calls and messaging services should also be made to comply with set of rules that are mandatory for mobile service providers.
Competition Commission of India on Wednesday said it has approved the merger of the media assets of Reliance Industries and Walt Disney Co to create the country's largest media empire. The deal, announced six months ago, has been cleared by the CCI with certain modifications proposed by the two parties.
A day after the wedding of the year, a special function, called the Shubh Ashirwad, was held on July 13 to bless the newlyweds, Radhika and Anant Ambani.
The government is considering the option of handing over operations of Mahanagar Telephone Nigam Ltd (MTNL) to BSNL through an agreement, instead of pursuing a merger route, a source privy to the development said. A final call on this is likely to be taken in a month's time. The source said the option of handing over debt-laden MTNL's operations to Bharat Sanchar Nigam Ltd (BSNL) through an agreement is being looked into.
'He's an absolute legend. Lots of love and respect,' Aakash Chopra complimented the megastar on X.
Bindra praised Manu for patching up with coach Jaspal Rana and for working in tandem for her success.
India's hockey team skipper Harmanpreet Singh and veteran goalkeeper PR Sreejesh expressed disappointment at not being able to realise their goal of winning the gold medal at the Paris Olympics, but said a bronze will be at least better than returning home empty-handed.
'The world is yet to watch him, show his prowess as a batter, but given the chance he will do a great job.'
Band, baaja... and a lot of star power, the makers of upcoming Ghudchadi unveiled the peppy dance track Punjabi Munde at a musical event with Raveena Tandon, Khushalii Kumar and Parth Samthaan.
Reliance Jio maintained the top position in the 4G speed chart with a 20.9 megabit per second (Mbps) average download rate in September, while Vodafone Idea topped in the upload segment with 7.2 Mbps data speed, as per telecom regulator Trai. Reliance Jio's 4G network speed increased by about 15 per cent in September while its competitors Bharti Airtel and Vodafone Idea (VIL) speed jumped by about 85 per cent and 60 per cent month-on-month to 11.9 Mbps and 14.4 Mbps, respectively, according to data published by the Telecom Regulatory Authority of India (Trai).
Angry young men (and old) dominate the OTT this week. Take your pick.
Six episodes are not enough, applauds Deepa Gahlot.
'My mother puts up with me beating everybody up through the film but before the film comes to an end, she stops it. She is like, "I know what's happening next, I don't want to watch".'
'But looking at what Virat and Rohit can deliver, I think they still have a lot of cricket and they're still world-class players and obviously any team would want to have both of them for as long as possible.'
Coming of age dramas, mind twisting thrillers, slice-of-rural life, here's everything you can watch on OTT this week.
'For six to seven months, I suffered unbearable pain.'
The statement came a day after Bharti Airtel and Vodafone Idea Ltd announced a hike in call and data charges from next month.
Avinash Sable does not want to be just a participant at the Olympics and believes he can a win a medal at the Paris Games beginning later this month.
Ending Paytm's monopoly as the only wallet payment option on Uber, the ride-hailing service has decided to allow payments through Jio Money. Alnoor Peermohamed reports.
The Rajasthan-based franchise have been sloppy, losing their fourth match on the trot and are at the second spot with eight wins and five losses. They have a total of 16 points.
The Department of Telecom (DoT) on Tuesday postponed the spectrum auction by 19 days to June 25, as per information available on its website. According to amendments made in the notice inviting applications for bids on Tuesday, the new date for "start of the live auction" has been changed to June 25 from June 6. The government will auction eight spectrum bands for mobile phone services at a base price of about Rs 96,317 crore.
While Airtel's India wireless operational performance was one of its worst in recent times, Jio surprised the Street by reporting a higher expected operating and net profit.
Reliance is leveraging the technological change of building a virtualised 5G network which would see the current hardware-dependent networks shift to software-centric platforms.
Athletics Federation of India vice-president Anju Bobby George believes that while the spotlight will undoubtedly be on javelin thrower Neeraj Chopra to defend his Olympic title,
With the interconnect usage charges (IUC) regime for domestic voice calls coming to an end, Reliance Jio on Thursday said that all calls from its network to other networks anywhere in India will be free from January 1, 2021. As per the telecom regulator's directions, 'Bill and Keep' regime is being implemented in the country from January 1, 2021, thereby ending IUC charges for all domestic voice calls, it said in a statement.
The 17th edition of the Indian Premier League opened to blockbuster viewership numbers with 16.8 crore viewers tuning in to watch the season's first game between Chennai Super Kings and Royal Challengers Bengaluru on March 22, the tournament's official broadcaster said on Thursday.
As the results season kicks in, the quarterly earnings numbers of several blue-chip firms -- such as Infosys and Reliance Industries -- along with global trends and trading activity of foreign investors, will determine equity market movement in the holiday-shortened week ahead, according to analysts. The domestic WPI inflation data for June -- scheduled to be announced on Monday -- will also influence trading sentiments, traders said. Markets will remain closed on Wednesday for Muharram.
India's telecom subscriber base grew to over 1.17 billion in October with Bharti Airtel maintaining its leadership in mobile subscriber addition that accounts for over 98 per cent of total connections in the country, according to the monthly report released by sector regulator Trai on Wednesday. This is the second consecutive month when Airtel added highest number of subscribers. In September, it had regained the leadership position in subscriber addition after a gap of four years. The Sunil Bharti Mittal-led company added 3.67 million new customers in October, taking its total wireless customer base to 330.28 million in October 2020, the Telecom Regulatory Authority of India's (Trai) report said.
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.
The latest deal would give Facebook deeper access to India, the second largest internet market after China.
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