The portal - Mobile Financial Portal -- would offer corporate news, announcements, research reports and stock quotes to its customers across all mobile platforms, a company statement said.
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Reliance Industries on Friday announced the sale of 2.32 per cent stake in its digital unit to US-based Vista Equity Partners for Rs 11,367 crore, the third deal in a little over two weeks that will inject a combined Rs 60,596.37 crore in the oil-to-telecom conglomerate to help it pare debt. The US-based private equity firm will buy a stake in Jio Platforms, which houses the country's youngest but biggest telecom firm Jio, at an equity value of Rs 4.91 crore and an enterprise value of Rs 5.16 crore.
Operators oppose levying of charges for additional spectrum with retrospective effect.
43 rounds of bidding has taken place.
GSM operators in the country added 8.97 million users during April 2009 (excluding Reliance Telecom), after recording the highest mobile subscriber addition of 11.2 million last month.
Trai Chairman Pradip Baijal on Wednesday dismissed as "nothing exceptional" the protest by Reliance Infocomm against the regulator's recommendations to allow direct-to-home and VSAT operators to offer broadband services.
After its successful launch of telecom business, Reliance is likely to revive its plans to foray into yet another green-field area -- life insurance -- by March this year.
Mukesh Ambani, Chairman of Reliance Industries Ltd, has won this year's prestigious World Communication Award as the world's most influential person in telecommunications in 2004, said a company release.
The strong correlation between its sales (revenue or turnover) and crude oil prices (average for the financial year) suggests that Ambani may be proved right.
In his letter dated October 11, written before the last EGoM meeting, Ambani has said the government would incur a loss of at least Rs 35,000 crore if the EGoM had decided to charge for excess spectrum beyond 6.2 MHz only prospectively from 2012, and not from 2008.
Anant Ambani, the youngest son of billionaire Mukesh Ambani, will wed Radhika Merchant, daughter of industrialist Viren Merchant, the family announced on Thursday. The 'roka' or engagement ceremony of Radhika, daughter of Shaila and Viren Merchant, and Anant was performed at the Shrinathji Temple at Nathdwara in Rajasthan on Thursday in the presence of family members and friends. A statement issued by the family said the young couple after the engagement spent the day at the temple seeking Lord Shrinathji's blessings for their upcoming union.
Reliance Infratel, the tower business arm of the group's telecom entity Reliance Communications, has allowed the regulatory approval to lapse without coming out with an IPO and is unlikely to revive the process soon. A company spokesperson did not take queries on lapse of the approval period and on whether the company was looking to revive the process by filing a fresh draft IPO prospectus with market regulator Sebi.
Manoj Sinha, earlier minister of state for railways, will be tasked to conduct the auction and deal with issues like net neutrality.
Telecom Regulatory Authority of India has issued show cause notices to Bharti Tele, Reliance Infocomm, and Idea Cellular for not adhering to prescribed format for advertising tariffs to consumers.
Reliance Infocomm on Tuesday said the company has not violated the licence agreement in the alleged re-routing of international calls saying the usage of Home Country Direct service by the company was fully recognised by the International Telecom Uni
Reliance Infocomm on Wednesday said it would enter the pre-paid card segment soon for its mobile telecom operations.
Manoj Sinha will retain his current role in the railways.
Reliance Infocomm has asked the government to reconsider the penalty imposed on it on charges of illegal routing of international calls, saying the telecom ministry's action was "misconceived and unjustified."
Riding on a strong stock market rally, Anil Ambani-led diversified business conglomerate Reliance Group has crossed Rs one lakh crore market valuation.
Reliance Industries' annual general meeting on Friday will be unique in many ways. It's the first AGM after the Supreme Court judgment on K-G gas, the first after the truce between Mukesh and Anil Ambani and the first after the company's big-bang return to telecom.
The amount from securitisation has been utilised to repay rupee debt, saving significant interest costs for the company.
The telecom sector's adjusted gross revenues have grown 13.2% year-on-year in the June quarter.
The Telecom Regulatory Authority of India on Friday said it has sought information from those mobile operators who are offering tariff packages along with a handset.
The apex court said Ambani and the others will have to purge contempt by paying Rs 453 crore to Ericsson in four weeks. A bench comprising Justices R F Nariman and Vineet Saran said if the 'contemnors' failed to make the payments within the specified period, they will undergo a jail term of three months.
Letter to telecom secretary alleges Jio is masquerading full-blown services in the guise of a trial; no word from Reliance.
GSM operators (excluding Reliance Telecom) in the country added 6.3 million subscribers in August, taking the total number of users to 225.6 million. In July, the total GSM subscriber base in the country was 219.30 million.
RIL, however, remains miles ahead of TCS in other financial parameters such as total revenue, operating profit, net worth, assets, and market capitalisation.
Telecom operator Vodafone has been the top gainer of customers through mobile number portability facility while Reliance Communications is the biggest loser.
A crown of thorns awaits the next telecom minister at Sanchar Bhawan as the new incumbent will have to address a host of tricky issues like industry infighting, tariffs and improving financial health of the Rs 2.3 lakh crore industry.
The technology's spectrum efficiency, low cost and simple installation make it the next big thing in the telecom world.
The technology's spectrum efficiency, low cost and simple installation make it the next big thing in the telecom world.
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