Mukesh Ambani is stringing in new partnerships within the Reliance ecosystem with the best in global business -- from Facebook, Google and Microsoft to umpteen sovereign wealth funds and a soon-to-be-declared strategic partner in a big global retailer, notes Shailesh Dobhal.
The two companies were earlier expecting to complete the merger formalities and regulatory approvals by June 30 and to start operating as one entity from July 1.
For some, he's a bully and probable 'blackmailer' who targeted the rich and famous, especially in Bollywood, for fame, and allegedly, ransom. For others, he's finally the one brave narc who decided to do his job, no matter how powerful his quarry, observes Shekhar Gupta.
DoT will have wider consultations with all stakeholders.
Telecom operators stressed that differential pricing for data is necessary for growth.
But few analysts have played down the impact of the Telecom Regulatory Authority of India recommendations.
Bindisha Sarang takes a look at Vodafone's RedX and Airtel's new plan.
Telecom Secretary J S Deepak has resolved the toughest issues facing the sector, but his real test will be in delivering on the govt's Digital India dream
The share capital of the company is Rs 1 crore (Rs 10 million).
Bharti Airtel called the prices exorbitant while Vodafone Idea wants the auctions take place in 2020. The auctions need to happen when the infrastructure is ready for the roll out, be it in terms of fiberisation levels, or optimisation of equipment and software etc. Spending a hefty amount on a technology (airwaves) that at present offers limited returns is not going to be a priority for the incumbent telcos.
Who is to take their place? Will a new generation of entrepreneurs start up with better business sense, or at least better luck? But the so-called unicorns are mostly copy-cat entrepreneurs whose cash flow is funded by overseas (including Chinese) money, notes T N Ninan.
The attack comes in the backdrop of the regulatory authority uploading about one million comments on net neutrality
Kapil Sibal, telecom minister, said many companies borrowed heavily to pay for 3G licences late last year. These companies were now facing difficulty in raising resources for the business, upsetting the calculations they had made while bidding aggressively for the licences, he said.
Revenue soared 6.2 per cent to Rs 20,602.2 crore for the three months ended March 31, 2019.
On September 5, after much delay, Trai had come out with recommendations to stop pesky calls and text messages from September 27, ordering that no access provider (operators) shall permit the transmission of more than 100 SMSes per day per SIM.
"Mobiles have the potential to be more effective than TV, PC, outdoor or digital displays, as it has the ability to influence the consumer at the last mile of transaction. It is observed that a person on a single day remains exposed to one screen more as compared to any other, and that is their mobile phones," says Vishwanath Alluri, Founder, Chairman and CEO, IMImobile.
'For equities, inflation trending upwards but within the range of expectations can actually be a big positive as it helps earnings and may shift flows from bonds to equities.'
No government can 'ignore inclusiveness in a democracy', Montek Singh Ahluwalia tells Anjuli Bhargava.
Billionaire Mukesh Ambani's Reliance Industries Ltd (RIL) has seen pre-tax profit recover to pre-pandemic levels on the back of continued growth in consumer businesses, Moody's Investors Service said on Monday. The oil-to-retail-to-telecom behemoth on Friday reported a 0.7 per cent Ebitda (earnings before interest, tax and depreciation and amortisation) growth for the quarter ended December 31, 2020, compared with the corresponding quarter in the previous year. "A strong performance in digital services and retail segments underpinned the improvement in consolidated earnings, a credit positive," Moody's said commenting on the earnings. Continued growth in earnings combined with the company's strong balance sheet with zero net debt on a reported basis will keep Reliance's credit metrics strong for its Baa2 rating over the next 12-18 months, it said.
The effective cost of the fully made-in-India phone will be zero, as against the minimum Rs 3-4.5k cost for a smartphone, Ambani said.
The auction last year had seen a muted response on account of high spectrum cost.
The 61-year-old, who was administered the oath of office by Jammu and Kashmir High Court Chief Justice Gita Mittal at a simple function in the Raj Bhavan, also said he wants to accelerate development in the union territory, carved out of the erstwhile state of Jammu and Kashmir last year.
Known as 'vikas purush' (man involved in developmental work), Sinha is a three-time Lok Sabha MP who held charge of the communication ministry as a minister of State in 2016 when the telecom industry was engaged in the sale of spectrum.
A Vodafone Group insider with more than 25 years in the telco across geographies, he's like the eyes and ears of the multinational in India.
Chinese telecom companies operating in India said there is no justification for India's security concerns about their equipment and the current de facto restrictions smell more of commercial fears, chinese news site globaltimes.cn reported on Monday.
The regulator added that a split auction of 2100 MHz, used for 3G services, will 'artificially increase the market price of 2100 Mz in February 2015 (auction) because of the severe supply constraint'.
Abhik Sen, who tried out the new service, finds out it is good for data and apps, but calls are still sketchy
Trai calls both Jio and incumbents for a meeting to discuss the issue
Telcos propose licence regime for apps like WhatsApp, Skype.
The I-T department had said Vodafone India under-priced shares in a rights issue to its parent. The tax demand was for the two financial years ended March 2011.
Maran was called on Monday but he skipped the scheduled meeting.
Reliance announced a rights issue of Rs 53,125 crore, which it said was the biggest in India.
No resources would be allotted to blacklisted companies for two years.
It reported adding 698,3146 subscribers in September, the lowest since it added 6.1 million in November 2017.
Don't share information over phone with anyone. Use only official apps. Keep Aadhaar locked unless needed.
Refrain from sharing any personal information & identity proofs like voter ID number, PAN number, bank account number, credit card information or make any payment to people promising lottery or other unexpected awards.
Asked about the report, MEA spokesperson Anurag Srivastava said, "The political judgements of Freedom House are as inaccurate and distorted as their maps."
Modelled loosely around the National Highway System of the US, he in 2001 launched the Golden Quadrilateral and the North-South & East-West Corridor projects to build 4/6 lane highways between four top metropolitan cities of Delhi, Mumbai, Chennai and Kolkata as well as from Srinagar to Kanyakumari and Porbandar to Silchar.
The fine is based on the loss estimated by internal committees of DoT to the national exchequer due to violation of licence norms by Vodafone.
A high-level meeting will be convened soon to decide on probing the India operations of Chinese Telecom companies -- 'Huawei' and 'ZTE' -- against the backdrop of the US calling the two firms a threat to American national security.
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