The lobby group of CDMA mobile players like the Reliance Communications and the Tatas has accused that the government was favouring the GSM players while deciding the criteria for spectrum allocation and in its pricing.
The books of these companies had come under a cloud after it was alleged that many of them had not been paying the goverment's share of revenue by showing the revenue earned under other categories. Under a suggestion of the Telecom Regulatory Authority of India, a special audit of all the integrated telecom companies will be undertaken once in 3-5 years.
On 60th Independence Day, it is bonanza time for telecom subscribers with operators rolling out a range of services.
Close on the heels of cellular operators announcing the launch of one-paisa-per-second billing scheme for all local/STD calls, roaming services and SMS, MTNL has slashed mobile tariffs to half-a-paisa per second on home network.
The department of telecommunications is planning to seek details from four operators - Bharti-Airtel, Hutchison-Essar, Tata Teleservices Ltd and Reliance Communications - on the fulfillment of rollout obligations under the mobile telephony licence.
After 3G auctions, analysts worried over the likely rise in debt and pressure on margins
Telkom Kenya has a monopoly on landline services in the country. If an Indian company wins the bid, it will enable the company to enter the country's telecom market, according to news reports in international press.
Among the sectoral indices, realty and metal indices lead the rally.
B K Modi-controlled Spice Mobile is all set to launch its GSM phone for Rs 800 this month. Branded as the 'People's Phone', the handset, a very basic model, doesn't have a display screen. Spice officials believe the company will sell around one million units in India and 10 million globally over the next 12 months.
Thirty stocks from various sectors form the Sensex.
The Bombay Stock Exchange on Tuesday said no rule was overlooked while deciding to include the company in the Sensex - the elite index of top 30 companies - in place of Tata Power.
Bharti Airtel has paid Rs 11,374.7 cr while upfront amount due from it was Rs 7,832.20 cr
At a time when exchange-traded funds (ETFs) were unloading Jio Financial Services from their portfolios, some active fund managers were placing large bets on the demerged financial services arm of Reliance Industries Ltd (RIL), a report by Nuvama Alternative & Quantitative Research shows. Motilal Oswal Mutual Fund and Quant Mutual Fund were the top MF buyers of the stock in August. They bought around 60 million shares each, together investing around Rs 2,800 crore.
These phones are SIM-enabled, allowing consumers to move from one CDMA service to another, a flexibility hitherto available only on GSM handsets.
The NSE Nifty ended at 3,643, up 3 points.
RComm will test launch its direct to home services Big TV this week, which would include some niche channels that are currently not available in India.
Anil Ambani-controlled Reliance Communication Ventures Ltd, whose market cap has touched Rs 65,000 crore
The Department of Telecom may bar operators holding 3G airwaves from sharing the high-speed spectrum.
The fall in metal and mining stocks comes on the back of weak Chinese trade data
Reliance Jio has suggested an alternative plan to the The Telecom Regulatory Authority of India (Trai) under which spectrum required by non-geostationary orbit satellite (NGSO) operators to run their gateway terminals should be auctioned geographically, based on districts, rather than circles as done for mobile services. For spectrum which would be required to connect user terminals (like individual homes), Jio has suggested it should be auctioned frequency-wise and exclusively to an operator at a pan-India level. The move is significant as the auctioning of satellite space spectrum has been vehemently opposed by low earth orbit satellite operators (satellites which circle at low altitudes of 200-2000 km).
Deal to help RCom reduce debt, Sun gain subscribers in new markets
The Q1FY24 earnings season has started on a dismal note for corporate India. The early-bird companies' revenue growth has been at a 10-quarter low, while the combined earnings of non-BFSI (banking, financial services, and insurance) companies seem to have hit the ceiling. The numbers suggest corporate India is entirely dependent on BFSI companies and the IT services sector to drive growth in revenue and profit while other sectors are showing signs of stagnation.
Spectrum auction ends, brings Rs 1.09 tln to govt kitty.
Balwa, who is accused along with 16 others in the case, claimed that he cannot be prosecuted for pushing back Tata in the race as the firm was never in the race to get the 2G spectrum licence
Telcos may hike mobile rates to recover spectrum cost: Moody's
The minister said the companies have given representation which is being examined by the DoT before taking a final decision.
The total outstanding dues against Bharti Airtel is Rs 11,235.50 crore.
Government's resolution on the contentious issue of spectrum usage fee seems to have found favour with telecom operators with none of them withdrawing their application from airways auction on the last day on Monday.
Ambani's $15 bn bet will upend Indian telecom
The July-September quarter results of software companies in the engineering research and development (ER&D) segment were broadly in line with expectations, though there have been cuts in revenue growth guidance. While results were a mixed bag, and there are cautionary views on the near-term outlook, brokerages and global consulting firms highlight the strong growth trajectory for the sector. They expect this segment of the software sector to grow by 8-12 per cent going forward.
Anil Ambani's Reliance Power tops the table with 3.46 million shareholders
Under the UASL norms, spectrum is linked to licences, and a particular band of radio wave is restricted to be used in a particular technology
The CAG report, tabled in Parliament, states the interest on the short payment stood at Rs 1,052.13 crore for the period up to March 2016.
Cross previous high of $72 billion in 2007 as Indian promoters overcome the selling taboo. Abhineet Kumar reports from Mumbai.
Stock specific action is seen with some of the prominent companies posting their quarterly numbers.
If the apex court decides on a 15-year repayment tenure, it would pose a grave challenge for the debt ridden VIL.
With Chinese companies Huawei and ZTE excluded from participating in the 5G roll out, their absence leaves a vacuum in the market which will have to be filled by three vendors: Ericsson, Nokia and Samsung.
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