Airtel has informed the government and regulator Trai that it has approached Reliance Jio and Vodafone Idea with a proposal for a joint initiative to unite the industry against rising telecom fraud and scams.
Isha Ambani means business. Not only when she is doing business - she leads Reliance Retail - but also when she is not. The latter was unmistakable on Wednesday, during her eight-minute 49-second video address on the occasion of "Girls in Information and Communications Technology (ICT) Day India 2024".
A flare up of sibling rivalry between India 's billionaire Ambani brothers over the proposed takeover of mobile operator Reliance Communications by South Africa's MTN is threatening to spill over into the courts.
The Reserve Bank of India's action against Reliance Capital comes at a time when the Anil Ambani group was planning to make a comeback with the group company, Reliance Infrastructure, raising funds from the promoter family. As part of the comeback plan, Reliance Infrastructure received Rs 550 crore fund infusion from the Anil Ambani family. A month earlier, Reliance Power, a listed subsidiary of Reliance Infrastructure, also raised funds from its parent by issuing preferential allotment of shares thus increasing the stake of Reliance Infrastructure in the company.
The company had announced similar pricing for Sri Lanka, where its application was in advanced stages of regulatory clearance.
HDFC bank and Reliance Communications have launched India's first virtual credit card. HDFC credit card users can use their Reliance mobile phones to make payments.
If completed, the move would create a 50-50 joint venture valuing Reliance Communications' cable assets at $1 billion.
Reliance Communications has proposed an entry fee of Rs 150 crore (Rs 1.5 billion) for metro circles and Rs 100 crore (Rs 1 billion) for category B circles for getting 3G spectrum.
Quoting an unnamed person familiar with the talks as saying that MTN and RCOM could extend their exclusive talks for another two to three weeks after the 45-day period expires tomorrow, the report said, 'there is no indication that extra time alone would be sufficient to resolve the feud' between Anil and Mukesh Ambani. The deal, if fructifies, could create a combined entity worth about $70-80 billion, which would be one the world's biggest emerging market telecom firm.
During the said period, the Consumer Complaints Council of ASCI found 15 advertisers, including Reliance Communications and Idea Cellular, fast moving consumer goods player Dabur and Elder Pharma and coaching centre Career Launcher, violating the council's code.
Reliance 3G Tab comes with a 7-inch capacitive touch screen with Android 2.3 OS and a high speed processor of 1.4GHz.
Vi partners SpaceX-rival AST SpaceMobile for satcom service on smartphones
India's indigenously developed 'Akashteer' air defense system performed exceedingly well during 'Operation Sindoor,' according to Defence Research and Development Organisation (DRDO) chief Samir V Kamat. The fully automated system, deployed against terror sites in Pakistan and Pakistan-occupied Kashmir, integrates various radar systems, sensors, and communication technologies. Kamat expressed confidence in the system's success drawing international interest, highlighting India's progress toward self-reliance in the defense sector. He also addressed the future of warfare, emphasizing the need for a blend of traditional and emerging technologies, and outlined the development timeline for the indigenous 5.5-generation stealth fighter aircraft, the Advanced Medium Combat Aircraft (AMCA).
Neeraj Chopra Classic: Double Olympic medallist hopes to spark javelin revolution in India
'An important consideration was that we should always be at the top of the escalation ladder. When we reach a military objective, we should try and put a stop to it'
After making its entry into the Bombay Stock Exchange's benchmark 30-share index Sensex in May
Even before the real 3G mobile services takes off, competition at the trial level is hotting up with Reliance Communications applying for the radio waves for testing of interface for both GSM and CDMA based services.
Reliance Communication Inc (USA), owned by Reliance Group, has acquired licence for setting up telecom network in US and UK, a move which will bring down the cost of international long distance calls substantially.
According to sources, Reliance Infratel would offer 10 per cent equity to the public valued at Rs 5,000-6,000 crore (Rs 50-60 billion). Reliance Infratel is the telecom infrastructure division of Reliance Communications Ltd.
Starlink's application for offering satcom services in India had been held up for the company's inability to comply with mandatory ownership disclosure norms.
The NCLAT has set aside a petition filed by the state tax department claiming dues from Reliance Communications (RCom) observing that it was based on the assessment made after the initiation of insolvency resolution process against the debt-ridden firm. A two-member NCLAT bench upheld the earlier order passed by the Mumbai bench of the National Company Law Tribunal (NCLT), which had rejected the state tax department's second claim of Rs 6.10 crore. Corporate Insolvency Resolution Process (CIRP) against RCom was initiated on June 22, 2019. The state tax department had filed two claims.
Amazon will invest more than Rs 2,000 crore (about $233 million) in India in 2025 as it strengthens its logistics and safety standards, said the ecommerce company on Thursday.
Despite the alarming figures on job displacement, AI is expected to generate millions of new roles, echoing historical trends of technological transformation.
Available on mobile phones through SMS, WAP and downloads, 'BIGMaps' service will offer local search in form of maps, Reliance Communications said in a statement. The service, which will provide users information on local business, directions to locations, events and movies, will also be provided through internet in the near future, RCom said.
The move by Reliance Communications to outsource its IT requirements would result in an upfront cost savings of around $200 million (Rs 900 crore), with the company seeking a guarantee to this effect from the vendors.
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The Reliance Group employee is among those who have been arrested
Reliance Infratel, a subsidiary of Reliance Communications has filed papers with Sebi for issuing IPO.
Taking forward the promised consolidation of its telecom businesses, the board of Anil Ambani-controlled Reliance Communications Ventures Ltd would meet in Mumbai on Sunday to consider merger of Reliance Infocomm with itself.
The Securities and Exchange Board of India (SEBI) has cleared Reliance Infratel's draft red herring prospectus for its proposed initial public offering (IPO). Reliance Infratel will offer 10 per cent equity under the proposed IPO.
In the third infrastructure sharing agreement between firms run by brothers Mukesh and Anil Ambani, Reliance Industries' telecom arm has agreed to use Reliance Communication Ltd's intra-city fibre network to roll out 4G services.
The long-validity all-India Reliance CDMA to Reliance CDMA calling packs are encouraged to increase STD usage from this segment -- which brings down Reliance to Reliance effective calling tariff to 30 paise per minute or even lower. On Rs 2,222 recharge, 500 minutes of free STD/local talktime per month for 12 month would be offered, while Rs 4,444 recharge pack gives 500 minutes of free STD/local talktime per month for lifetime.
The amount from securitisation has been utilised to repay rupee debt, saving significant interest costs for the company.
Reliance Telecom, a subsidiary of Reliance Communiations, on Friday announced a unique recharge scheme for its prepaid GSM customers who could avail of free ''double on net minutes and built-in talktime'' on top-up vouchers of Rs 10.
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