News for 'Reliance Telecom Ltd'

Ambani ceasefire: Competition or collaboration?

No one quite sure, but many do believe pragmatism likely, for now, to show a way forward.

RCom to pull discounts as Q4 profit nearly halves

Mumbai-based Reliance Communications increased voice call prices by about a fifth late last month and also increased the base tariff for voice calls.

MTNL cuts mobile rates to half-a-paisa per second

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.

Mukesh Ambani aims to turn RIL into zero net debt firm by Dec

Thanks to a $5.7 billion deal with Facebook, a Rs 53,125 crore rights issue and more stake sale to companies such as Saudi Aramco, the target is likely to be achieved by December.

Cairn officially withdraws cases to get Rs 7,900 cr tax refund

UK-based Cairn Energy PLC on Wednesday said it has agreed to drop litigations to seize Indian properties in countries ranging from France to the UK as it has accepted the Indian government's offer to settle tax dispute relating to the levy of taxes retrospectively. Meeting the requirements of new legislation that scraps levy of retrospective taxation, the company has given required undertakings indemnifying the Indian government against future claims as well as agreeing to drop any legal proceedings anywhere in the world. The government now has to accept this and issue Cairn a so-called Form-II, that will commit it to refund the tax collected to enforce the retrospective tax demand.

Sensex tumbles 93 points, Nifty breaches 8,200

Telecom stocks fell after Mukesh Ambani extended Reliance Jio's free offers till March 2017.

F&O expiry blues dampen market spirits after dream run

Most of the session's gains for both the indices were wiped out as investors rushed to book profits ahead of F&O expiry on Thursday and also due to concerns over stretched valuations.

Hutch asks suitors to submit bids by Fri

The race for Hutch-Essar, the country's fourth largest mobile service provider, quickened on Wednesday with Hong-Kong based Hutchison Telecommunications International Ltd formally informing the 4 companies in the fray to submit their bids by Friday

Ambani likely to roll out 5G services in second half of 2021

Billionaire Mukesh Ambani on Tuesday hinted at rolling out 5G telecom services in the second half of 2021 and said policy steps are needed to accelerate the early rollout of ultra-high-speed 5G services that are affordable and available everywhere. Ambani, whose four-year-old telecom venture Jio has captured the No.1 spot offering free voice calling and data at dirt-cheap rates, also pitched for developing hardware manufacturing in India, saying the nation cannot rely on imports in such a critical area. 5G is the 5th generation mobile network that enables connecting virtually everyone and everything together including machines, objects, and devices. India, he said, is today among the best digitally connected nations in the world.

RIL will double refining capacity to 60 mn tonne

Reliance Industries on Wednesday decided to double the production capacity at its Jamnagar Refinery to 60 million tonnes at an investment of Rs 25,000 crore (Rs 250 billion).

Infocomm, Tata Tele in interconnect jam

RCoVL M-cap touches Rs 65,000 cr, to enter Sensex

Anil Ambani-controlled Reliance Communication Ventures Ltd, whose market cap has touched Rs 65,000 crore

Idea of Jio was seeded by Isha: Mukesh Ambani

The 2016 upstart, called Jio, dislodged rivals and has emerged as the nation's No. 4 carrier by offering call services free for life and data transmission at dirt cheap rates.

Stocks close at record high for third day on global leads

Coal India was the biggest gainer on both Sensex and Nifty

Vodafone may join race for Hutch

Ambani to up ante by $3 bn on Ruia's hint at larger premium.

'5G is a long haul'

'We showcased about 20 use cases in 5G trials in Pune and Gandhinagar and some of them were interesting and innovative.' 'However, which ones will take off and which ones would not be relevant, we don't know yet.'

Pvt telcos may match BSNL's One India offer

Jio entry a challenge, will match competition in tariff: BSNL

BSNL unveiled a promotional unlimited wireline broadband plan that effectively translates into less than Re 1 per GB download cost for very high-usage subscribers

BPCL privatisation: How long will govt wait for the right suitor?

In 2017, a consortium led by Russian state oil company Rosneft agreed to buy Essar Oil for $12.9 billion in India's biggest foreign acquisition of a homegrown company. Rosneft's buyout of Essar's assets was meant to herald a wave of energy investments in India - over six decades after Esso, Caltex and Shell invested in India's refining sector in the 1950s. But the government has tripped up in its efforts to sell Bharat Petroleum Corporation Ltd (BPCL), formerly Burmah Shell, a blue chip public sector company. Bidders include a couple of global funds and resources firm Vedanta.

Vodafone Idea, COAI push for urgent relief measures

In its letter Voda Idea has warned that it is not in a sound financial state, and added that it would be in a position to meet its liabilities only if the government initiates steps including allowing set-offs for GST credit accumulated so far, and permitting staggered mechanism for payment of balance amount of interest, penalty, and interest on penalty.

Of Modi's 'Make in India' and Anil Ambani's boldest plan

The success of Anil Ambani's ambitious defence plan will depend partly on whether he can persuade government officials and international partners that he can build sophisticated equipment and partly on whether the PM can get India's notoriously slow procurement process to work, say Paritosh Bansal, Sanjeev Miglani and Promit Mukherjee.

Cell firms plan SPV to manage shared network

End of the bear market in investments

Cell ahead of fixed-line users in urban areas

Cell subscriber base of pvt operators up

Private basic operators increased their mobile subscriber base to 57.69 lakh (5.769 million) during November with Reliance alone accounting for 52.13 lakh (5.213 million) WLL subscribers.

BSNL likely to cut cell tariffs

RIL, Tatas caused Rs 184 cr loss: CAG

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.

Stocks scale fresh record highs as banking, energy shares gain

Fresh buying by domestic institutional investors and better-than-expected June quarter results from some blue-chip companies boosted investor sentiment

Should Big Tech be broken up?

Are the big five using their dominance to shut out rivals? That is the key question, says Prosenjit Datta.

Markets rally on robust buying; post best week in five

Both the indices ended at their highest levels since February 1.

CAG gears up to audit books of 5 private telcos, Delhi discoms

Lt Governor says discoms must cooperate or face cancellation of licences. Ficci cries interference.

Lockdown is only about control not health, says Anil Ambani's son Anmol

Anmol Ambani, the eldest son of industrialist Anil Ambani, has lashed out against a new round of lockdowns being imposed amid the surge in COVID-19 cases, saying such restrictions do not concern health but control and that they destroy the very backbone of the society and economy. The 29-year-old former executive director of Reliance Capital Ltd in a series of tweets lambasted the new semi-lockdown rules hurting small businesses and daily wage earners. "Professional 'actors' can continue shooting their films. Professional 'cricketers' can play their sport late into the night. Professional 'politicians' can continue their rallies with masses of people. But YOUR business or work is not ESSENTIAL. Still don't get it?" he said in a tweet.

113 entities in race to set up niche banks

Reliance, Birla Group, Airtel eye small finance banks.

Mobile carriers stare at costly victory as bandwidth sale ends

The entry of the deep-pocketed conglomerate is expected to heighten competition.

Sensex tanks 362 points; Yes Bank crashes 22%

Other major laggards were IndusInd Bank, SBI, Bharti Airtel, ONGC, Tata Steel and Reliance Industries -- falling as much as 6.30 per cent.

A year of tough legal battles for India Inc

Corporate legal cases kept India Inc on its toes in 2014 as high stake matters on coal, telecom and mining came up in the Supreme Court, which also sent Sahara Group chief Subrata Roy to jail.

Ambanis, Birlas, Mittals join race for niche bank licences

SBI will hold 30 per cent in RIL joint venture

2G: SC dismisses Essar, Loop plea

Over a year after the judgement was reserved, a bench of justices G S Singhvi and S J Mukhopadhaya rejected the pleas of the telecom companies which pleaded that they be tried in a magisterial court unlike other accused in 2G cases as they have not been charged under Prevention of Corruption (PC) Act.

What happens if Vodafone Idea isn't out of the woods in 4 years?

bb

Tata group companies outshine the market under N Chandrasekaran

The group began to outperform the broader market only with the onset of the pandemic in March 2020 while earlier it was largely keeping pace with the Sensex. The group's market cap is up 164.4 per cent since the end of March 2020 against a 105 per cent rally in the Sensex.