For the mobile operators in Maharashtra, the monsoon mayhem was a blessing in disguise.
Private telecom company Reliance Infocomm on Wednesday launched an 'incoming only' recharge voucher for subscribers, who do not have much outgoing call needs.
The Telecom Commission is considering imposing fines of Rs 400 crore (Rs 4 billion) on seven telecom service providers for delay in commissioning of services. A note for this purpose was put up for consideration last month.
Mobile subscriber base touched 5.29 crore (52.9 million) in April with the addition of 396,000 CDMA based mobile users during the period.
The CPI(M) on Friday renewed its demand for sacking of TRAI chief Pradeep Baijal and a full-scale probe into the entire 'scam.'\n
US based telecom software company Sotas Inc said on Wednesday that it would invest $3 million in its research and development unit at Gurgaon besides doubling its headcount to 100 from the current 50.
Reliance Industries Ltd on Friday reported an 11 per cent drop in its June quarter net profit largely due to weak oil-to-chemical (O2C) vertical and higher interest and depreciation cost. Net profit was Rs 16,011 crore, or Rs 23.66 per share, in April-June - the first quarter of current 2023-24 fiscal year - compared with Rs 17,955 crore, or Rs 26.54 a share, earning a year back, according to a company's stock exchange filing.
Tata Indicom, which is to launch its Code Division Multiple Access-based wireless in local loop services in Mumbai on Wednesday, has priced it below that of its competitor, Reliance Infocomm.
CAG said that Reliance Infocomm and Tata Tele Services Ltd have caused a loss of Rs 184 crore to 3 state-run insurance firms between 2002-05 on risk cover for mobile handsets and default payments.
The Reliance Infocomm launch, an aggressive advertisement and the thrust into varied areas spell out the AmbanisÂ’ big dream. But the absence of Anil Ambani at the launch has puzzled many, says Sucheta Dalal.
Billionaire Mukesh Ambani's Reliance Industries Ltd on Friday reported a 46 per cent jump in net profit for the three months ended June on the back of bumper earnings from oil and telecom businesses. The oil-to-retail-to-telecom conglomerate's consolidated net profit rose to Rs 17,955 crore during April-June period -- the first quarter of 2022-23 fiscal year -- from Rs 12,273 crore in the year-ago period, it said a stock exchange filing.
Facing the brunt of farmer's ire over perception of it being a beneficiary of new farm laws, Reliance Industries on Monday said it neither buys foodgrains directly from farmers nor is it in the business of contract farming. In a statement, billionaire Mukesh Ambani's firm said its subsidiary Reliance Jio Infocomm Limited (RJIL) has filed a petition in the Punjab and Haryana high court seeking "the urgent intervention of government authorities to bring a complete stop to the illegal acts of vandalism (of telecom towers) by miscreants." Reliance said it "has nothing whatsoever to do with the three farm laws currently debated in the country, and in no way benefits from them."
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.
