The Telecom Regulatory Authority of India on Wednesday imposed a hefty penalty of up to Rs 2.50 lakh (Rs 250,000) on erring telemarketing companies which also face the prospect of getting blacklisted.
The next spectrum auction will be held in late February 2024 and the reserve price for most bands will remain the same as the 2022 auction, department of telecommunications (DoT) officials have said. The government expects operators to go for low bands beginning in 600 megahertz (MHz), licences for many of which are lapsing soon. Back in September 2021, the government had decided that spectrum auctions should be held annually.
Mauritius-based IndusInd International Holdings and other Hinduja group entities are expected to make payments worth Rs 9,661 crore for the acquisition of bankrupt Reliance Capital (RCap) only after getting all the legal and regulatory clearances, including from the Supreme Court, thus delaying the closure of the transaction. A source close to the development said that according to the National Company Law Tribunal (NCLT) order dated February 27, the payment for the acquisition was to be made within 90 days from the NCLT's approval of the resolution plan and after receiving all legal and regulatory clearances.
The blacklisting of Wikipedia comes days after the Pakistan Telecom Authority (PTA) degraded Wikipedia services for 48 hours, threatening to block it if the content deemed 'blasphemous' was not deleted.
A Bench headed by Justice Altamas Kabir sought an reply from 11 repondents Telecom Regulatory Authority of India, Association of Unified Telecom Service Providers of India, Reliance Communications, Tata Teleservices, Vodafone Essar Mobile Services, Cellular Operators Association of India, Bharti Airtel, Idea Cellular, BPL Mobile Communications, HFCL Infotel, and Spice Communications -- as to why they should not pay ADC to BSNL.
He has been appointed as the TRAI chief for three years or till he attains the age of 65.
An expert panel of the country's drugs regulatory authority had recommended against granting such approval to the firm at this stage just two days ago, officials said.
The Telecommunications Bill, 2023, which was passed by a voice vote after a short debate, also allows the Centre to take possession of a telecom network in case of any public emergency or in the interest of public safety.
Urban mass transit authority to be set up; it will act as nodal agency for planning and coordination of project related works.
In its recommendations on implementation of Digital Addressable Cable TV Systems in India, the Telecom Regulatory Authority of India said the sunset date for analogue TV services in the country should be December 31, 2013.
Finance ministry may see a major bureaucratic reshuffle with revenue secretary Vineeta Rai tipped to head the interim Pension Fund Regulatory & Development Authority.
Telecom Regulatory Authority of India's visionary plan to build India's Information Super Highway has been very carefully thought-out and needs all the support we can give it, says Ajit Balakrishnan.
Even as the slogan of their lifetime tariff promise customers one-time service charge throughout life, telecom operators have sought regulatory authority TRAI's
Domestic equity investors' wealth eroded by more than Rs 4.43 lakh crore on Monday as fears of a financial contagion triggered by one of the biggest bank failures in the US roiled market sentiments. After a strong opening, Indian stocks went into a tailspin with the benchmark 30-share BSE Sensex tumbling nearly 900 points to close at 58,237.85 points -- sliding for the third straight trading session. The NSE Nifty too declined 258.60 points to end at 17,154.30 points.
The attack comes in the backdrop of the regulatory authority uploading about one million comments on net neutrality
'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.'
The Indian telecom market presented a picture of sharp contrast in May with Bharti Airtel losing a staggering 46.13 lakh wireless subscribers even as rival Reliance Jio added 35.54 lakh mobile users, according to data from telecom regulator Trai. Overall, the Indian mobile market shed 62.7 lakh users in May.
'As part of our D33 strategy, the plan is to establish 30 unicorns in Dubai within the next 10 years.'
In the case of double-income couples, not more than 40 per cent of the net income of one partner should be the EMI for the property.
Two pilot unions at Air India have claimed that there is a shortage of pilots to operate the airline's long-haul and ultra-long haul flights. The concerns raised by the Indian Pilots Guild (IPG) and Indian Commercial Pilots Association (ICPA) also come against the backdrop of the Tatas-owned airline recently cancelling and rescheduling certain flights to and from the North American region due to crew shortage. In a joint letter written to Air India's chief human resources officer Suresh Dutt Tripathi on December 13, the unions said, "...we cannot maintain the printed planned roster due to a shortage of pilots, as CMS (crew management system) does not have standby pilots."
The petition claimed there were "mistakes and errors" in the judgment, and in light of certain new material that had been received by the counsel for the petitioner, there were sufficient reasons for a review of the verdict.
Billionaire Mukesh Ambani-led Reliance Industries has completed the merger of its media assets with the India business of global media house Walt Disney and formed a joint venture with a valuation of over Rs 70,000 crore. The JV will be one of the largest media and entertainment companies in India with a combined revenue of approximately Rs 26,000 crore and will be led by Nita Ambani as its chairperson, according to a joint statement.
There is a need to set up independent regulatory authorities on energy, transport and urban infrastructure at the state level to ensure smooth implementation of infrastructure projects, especially those which are taken up on the PPP (public private partnership) model, said Vinayak Chatterjee, co-chairman of the CII National Council on Infrastructure and chairman of Feedback Ventures Limited.
The operations revealed evidence of price and volume manipulation of stocks through the use of platforms like YouTube and WhatsApp.
'A dynamic bond fund acts like a gilt fund in a rate cut scenario and like a conservative short-term bond fund when rates rise.'
Indian and Pakistani hackers are engaged in a round of tit-for-tat defacing of government-run websites of the two countries, targeting such major organisations as India's oil and gas major Oil and Natural Gas Corporation and its Pakistani counterpart Oil and Gas Regulatory Authority.
Industry body CII on Thursday made a case for pushing reforms in sectors like land, labour, and agriculture by the Modi 3.0 government to accelerate economic growth, which is estimated to be around 8 per cent in the current financial year. CII president Sanjiv Puri said a lot of policy interventions in the past have put the economy on "a much stronger wicket". "The growth rate is poised to touch 8 per cent during the current year, marking the fourth consecutive year of above 7 per cent + growth.
'A long-term investor with a 4 to 5 year horizon could invest in this theme via SIPs.'
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
Trai on Monday recommended imposing penalty on India's largest private sector basic telephony service provider, Reliance Infocomm, for offering mobility services almost similar to cellular phones, to its wireless phone subscribers.
The government and Life Insurance Corporation's (LIC's) strategic stake sale in IDBI Bank is expected to move to the second stage by the first quarter of FY24, said two people in the know. They added that considering the progress of the ongoing deal, financial bids are expected to come in by June this year. The proposed IDBI Bank stake sale is divided into two sequential stages.
With seven million new subscribers, India accounted for the highest net addition of mobile subscriptions globally in the second quarter of 2023, according to the August edition of Ericsson Mobility. Among national markets, India was followed by China with five million and the US with three million subscribers. The subscriber penetration in India, however, stood at 79 per cent, compared to 120 per cent in China, the report said.
The Coal Regulatory Authority Bill, 2013, needs Parliamentary approval and is to be introduced in the next session, P Chidambaram told reporters.
BJP leader Subramanian Swamy on Sunday urged the Centre to do away with the system of collecting income tax and instead find out other means to raise money to the exchequer.
To check digital frauds, the government has disconnected 70 lakh mobile numbers so far involved in cybercrime or financial frauds, Financial Services Secretary Vivek Joshi said on Tuesday. Emerging from a meeting to discuss issues related to financial cyber security and increasing digital payment fraud, Joshi, who chaired the meeting, said banks have been asked to strengthen the system and processes in this regard. More such meetings would take place, he said, adding the next meeting is scheduled in January.
Rediff.com, one of India's pioneering internet companies, on Tuesday announced the appointment of Mr Vishal Mehta as its new Chairman and Managing Director. This key leadership change follows Infibeam Avenues Ltd's acquisition of a majority stake in Rediff.com.
Reliance Jio has sent a second legal opinion to the Telecom Regulatory Authority of India (Trai) on the subject of the potential allocation of satellite spectrum. The letter is written by retired Supreme Court Justice L Nageshwara Rao and argues in favour of auctions, stating that any other method for allocating spectrum apart from auctions could be constitutionally unsound. Business Standard has reviewed the letter.
The high court erred in holding that the law was violative of the principle of secularism, said a bench comprising Chief Justice of India D Y Chandrachud and Justices J B Pardiwala and Manoj Misra.
'In real estate project insolvency, no one size can fit all.'
The Centre will invest around Rs 200 crore over five years for the exploration and development of these mines.
