The Internet service policy unveiled on Saturday is likely to hit the industry hard. It may wipe off small and medium players in the country.
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.
Capital expenditure by Indian companies is likely to see an uptick in the upcoming quarters as capacity utilisation has surpassed the critical threshold of 75 per cent, and numerous companies have deleveraged their balance sheets, according to analysts. The first quarter of the current financial year has shown improved profitability, driven by a decrease in input prices. This, according to analysts at Care Ratings, should stimulate a revival in the private capex cycle.
Far from benefitting consumers, the new rules on roaming charges have opened another front in the battle between large and small operators.
Telecom regulator Trai on Monday announced reduction in the national mobile phone roaming charges, but said there will be no free national roaming as of now.
Rajasthan, Assam, Himachal Pradesh and Tripura among states that will set up an institute each.
US President Barack Obama has nominated Indian-American lawyer and telecom policy expert Ajit Varadaraj Pai, who belongs to Republican party, as Commissioner of the Federal Communications Commission (FCC), the country's premier regulatory body.
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.
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.
The government is planning to merge Bharat Broadband Nigam Limited (BBNL) with the loss-making state-run telecom operator Bharat Sanchar Nigam Limited (BSNL) this month, a senior official has said. BSNL chairman and managing director PK Purwar at a recent event organised by the All India Graduate Engineers and Telecom officers Association (AIGETOA) said that the government is giving the telecom firm an opportunity for a turnaround. "The government has taken a policy decision that BBNL is going to be merged into BSNL. "This means all work of BBNL at the pan-India level is going to come to BSNL," Purwar said at the All India Conference of AIGETOA on March 13.
The Telecom Regulatory Authority of India on Monday issued an addendum to its consultation paper on unified license regime and said it was ready to consider all suggestions in this regard.\n\n
DoT though failed to implement TRAI's recommendations to levy spectrum usage charge
The department of telecom has rejected any suggestion to put 74 per cent foreign direct investment under the automatic route saying it is not feasible on account of national interest.
'You have to have commitment to both, but it has to be done at the individual level.'
Gautam Adani's alleged proximity to Narendra Modi may dent the latter's self-styled image of incorruptibility, points out Kanika Datta.
The Department of Telecommunications (DoT) on Friday came out with a revised subscriber-linked policy for spectrum allocation to GSM operators, which is in line with the recommendations of the Telecom Regulatory Authority of India (Trai).
The Home Ministry had asked the department of telecommunication to ensure access to all encrypted data, including that of international players such as Blackberry, Skype and even Gmail.
The government on Wednesday said foreign direct investment in IT and telecom sector is expected to go up by more than 100 per cent in 2006.
Huawei, the other big Chinese vendor, is yet to decide on the issue.
Dayanadhi Maran, the new IT and telecommunications minister, also announced a 10-point agenda, including revamping the telecom policy, to reduce the cost to customers.
Despite the lack of policy and clear allotment of spectrum, the domestic telecom industry is all set to usher in 3G services with service and equipment providers readying infrastructure.
The government is not in a "crazy rush" to sell everything and it will continue to have a presence in four strategic sectors, including telecom, Finance Minister Nirmala Sitharaman said on Saturday. In strategic sectors, a bare minimum presence of the existing public sector commercial enterprises at the holding company level will be retained under government control. The remaining enterprises in a strategic sector will be considered for privatisation or merger with another PSE or for closure.
It is assumed that the growing worry over slowing down of economic growth had prompted the government to act.
Contrary to recommendations in the draft of the New Telecom Policy prepared by it, the Department of Telecom is not in favour of number portability
An IAS officer, who is suspected to have leaked information about government's telecom policies to corporate houses, is yet to be placed under arrest, a day after the police raided his house and office. Investigators say that Ravi Inder Singh may not have been alone in the 'conspiracy' with several officials of different government agencies being placed under the scanner.
Vodafone India MD & CEO Marten Pieters, 59, blames regulation and the spectrum policy for the telecom industry's troubles.
Surprisingly, RIL scrip also fell by 2.73 per cent to 1,029.15, becoming the second biggest loser in the index
'Our mandate is to work in a transparent manner, keeping two objectives in mind - consumer interest and growth of the telecom sector.'
The recommendations on the subject will be sent in due course to the government, according to an internal communication of DoT
The government on Thursday announced a new broadband policy and as expected has not accepted Telecom Regulatory Authority's proposal for unbundling the last mile link.
Several of the proposals may be part of New Telecom Policy.
While the draft M&A policy for the telecom sector has been revised a few times over the past few months, DoT has not made any major changes to guidelines.
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.
Despite multiple headwinds at the start of 2023, the Indian markets delivered a strong performance, posting 19-20 per cent growth for the year. Even as new records were set, investor sentiment remains strong going into 2024, given the lower inflation, expectations of steady to lower interest rates, higher economic growth, and strong inflows. However, the overriding concern for most brokerages is valuations.
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