Mobile operator Spice Telecom, which is planning to tap the capital market with an initial public offer, has got Foreign Investment Promotion Board's nod for the public issue.
Mobile service provider Spice Communications has raised Rs 520 crore (Rs 5.20 billion) through its initial public offer, for which the issue price has been fixed at Rs 46 a share.
Clearly, the mobile handset market is buzzing with new branded retail chains such as Reliance and Aditya Birla Group entering the fray and the existing chains expanding their foorprint. Take Pantaloon Retail's JV with Axiom of Dubai, for instance. The company is re-branding its standalone retail chain Mport to Axiom stores, which is among the largest telecom products chain in West Asia.
Malaysia's state-controlled top telecom operator Telecom Malaysia is to buy a 49 per cent stake in India's Spice telecom Ltd, both companies said in Kuala Lumpur on Friday.
New India Assurance is the insurance provider.
'The tunnel was dug up two km and the work was going on smoothly. I could have never imagined such an incident'
The CEO of NDTV Convergence is not only in a hurry to load the mobile screens with news, music, astrology, sports but also exclusive video content and mobile TV.
In the biggest synergy in the Indian telecom industry, leading cellular service providers BPL Mobile, Escotel, RPG Cellular and Spice Telecom, have forged what they have named the 'MobileFirst' Alliance to provide enhanced value to their customers.
Sonam Kapoor on why she didn't walk the ramp at the WLIFW.
Birla group firm Idea Cellular Ltd and Modis-owned Spice Telecom on Friday dared the government to allocate spectrum to those mobile operators who submitted applications after them.
The phone comes with 13.Ghz dual core processor and 512MB RAM.
We asked readers to share experiences they've had with their cellphone service providers. Here are some more accounts.
Spice Telecom on Tuesday launched 'People Phone', a mobile handset with lifetime prepaid connection at just Rs 599, targeting the rural markets where the company sees a huge potential for expansion.
The Initial Public Offer of mobile service provider Spice Communications today got subscribed over three times on its second day of offer with robust demand from Foreign Institutional Investors.
MobileFirst an alliance of BPL Mobile, Escotel, RPG Cellular and Spice Telecom announced on Saturday new cellular tariff for Plan-399 involving a rate of rupee one for local cell-to-cell outgoing call.\n\n
The prospective owners of Indian low-cost carrier SpiceJet Ltd plan to cut the airline's fleet, shrink its network and return to a "plain vanilla" business model to achieve profitability, two people close to the investors said.
Leading service provider Spice Telecom has said consumer must be given competitive choices to choose from and number of telecom players in a circle cannot be an issue.
Concerned over mobile signals crossing the international border, the department of telecom is planning to take action against telecom operators
Young people have come to believe in these start-ups and their dream to change the world.
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SpiceJet's ex promoter Ajay Singh is trying hard to pump in huge money into the airline.
Star India has launched an internet facility for mobile users, especially targeted at small-end and rural users. The new mobile application termed PLUS is at present available for free and is accessible on Hutch, Idea, BPL, BSNL, Spice and MTNL.
We are looking at a 600-bed hospital from the existing 230 beds, which will help us create new specialities.
Going by application dates, companies like Spice, Birla-promoted Idea Cellular, Reliance Communications (through Swan and Cheetah) and Hindustan Futuristic are in the lead for licences in different circles. The only new player in the list is the little-known ByCell.Several incumbents like Idea Cellular, Maxis-Aircell, owned by a Malaysian promoter, and Vodafone-Essar lead the list of applicants for initial spectrum allocation since they already hold licences.
The task I had undertaken was by no stretch of imagination an easy one, says Ajay Singh.
The PMO's standard reply: "Information sought is not part of record."
SpiceJet, on the verge of a shutdown two years ago, is now looking at joining a burgeoning global league of low-cost long-haul airlines by providing a Rs 30,000 to-and-fro fare to western European destinations. Chairman and managing director Ajay Singh elaborates.
'Building a whole product with the railways was challenging; we had to figure out how to load and unload a train when it stops for only about five minutes at a station.' 'We also helped them understand the revenues this would generate for them.'
On Monday, the fifth Air India flight landed in Delhi from Bucharest with 249 Indian nationals while the sixth flight arrived from Budapest here with 240 Indian nationals, the officials said.
Demand is expected to grow as most customers await a drop in prices.
There are multiple near-term worries for the stock of India's largest listed consumer company, Hindustan Unilever (HUL). While inflationary pressures will weigh on its profitability, demand pressures - especially in the rural market - are expected to hit the firm's revenues. This is why brokerages have cut the earnings estimates for financial year 2022-23 (FY23) by 7-10 per cent.
Former England soccer captain David Beckham was banned from driving for six months on Thursday after admitting using his mobile phone while driving.
The company has tied up with five distributors this year.
Spice Retail has launched a spa with services for transforming smartphones that range from deep body cleaning, screen guard facial to fresh skin rejuvenation and holistic healing services.
The car was expected to have a price tag of Rs 10 lakh and launch was slated for this June.
MSN India, with over 360 million users worldwide, said its new partners were Reliance IndiaMobile (RIM), Reliance GSM, Tata Teleservices, Spice Punjab and Spice Karnataka.
While smart boys like the Ruias of Essar, Ajay Piramal, Max India promoter Analjit Singh laughed all the way to the bank, the Tatas, Anil Ambani, Malaysian tycoon T Ananda Krishna of Maxis (which invested in Aircel), Sistema, and Norway's Telenor burnt their fingers, notes Surajeet Das Gupta.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
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