The Income Tax department has struck an estimated Rs 50 crore (Rs 500 million) deal with state-owned telecom company BSNL to provide 51,000 mobile connections and 1,000 high-end Blackberry phones for secure and fast communication amongst its officers and staff.
With real estate valuations falling and other deals coming unstuck, the current management's improved target faces significant challenges.
Shares of Bharti Airtel on Wednesday fell 6 per cent amid reports that the government is learnt to have approved levying of Rs 650-crore penalty on the company for violating roaming norms in 13 service areas between 2003 and 2005.
Pradip Baijal, former chairman of Telecom Regulatory Authority of India (Trai), spoke to Nivedita Mookerji on what made him write the book, former Prime Minister Manmohan Singh telling him to cooperate with then telecom minister Dayanidhi Maran, being hounded and harassed during the UPA years, questioning by the Central Bureau of Investigation, and more.
The government on Thursday made it clear that BlackBerry services may be banned if its maker, Research-in-Motion, fails to provide a monitoring solution in the next five days.
Lt Governor says discoms must cooperate or face cancellation of licences. Ficci cries interference.
The British telecom major has disputed the tax demand over its acquisition of 67 per cent stake in Hutchison, now called Vodafone India, arguing that no tax was due as the transaction was conducted offshore.
A 15 per cent corporate tax rate for services companies in SEZs, setting up a fund for deep-tech startups and establishing clusters to demonstrate design-to-manufacturing capabilities of tech firms were some of the key demands made by the IT sector at the pre-Budget consultation on Monday. The participants shared their views and suggestions regarding Big Data, incentives for encouraging setting up of data centres, fiscal incentives for data localisation, incentives for pushing digital penetration in rural areas, and corporate guarantee to startups for competing with other nations.
The government may be waiting for the outcome of an arbitration initiated against its levy of Rs 10,247 crore retrospective tax on UK's Cairn Energy Plc before deciding on appealing against losing a tax case against Vodafone Group, sources said. An international arbitral tribunal is expected to give a decree within next few days on Cairn Energy Plc's challenge to the Indian government seeking Rs 10,247 crore in retrospective taxes. If the arbitration award in the Cairn cases goes against India, the government has to pay the British firm over Rs 7,600 crore to reverse the dividend and tax refund it had ceased and shares it sold to recover part of the tax demand.
Prudence demands that in our enthusiasm for expanding our economic ties with China, we should not allow suspect companies such as Huawei a free run of our country and access to our communications network, which could facilitate their collection of intelligence in times of peace and war and paralyse our critical infrastructure during any military conflict.
Describing north-east as the "gateway" to south-east asia, Prime Minister Narendra Modi on Friday said his government has been pro-actively pursuing the 'Act-East Policy'
Can the finance minister manage our expectations, asks A K Bhattacharya.
'There is a time for lowering one's expectations of the economy -- and therefore not trying to do too much in the Budget,' notes T N Ninan.
IT majors weakened ahead of the September US jobs data and telecom stocks ended lower
To revive BSNL and MTNL, DoT is taking various initiatives.
The Delhi High Court has issued a notice to MTNL on a petition filed by telecom regulator TRAI challenging TDSAT's order to go ahead with adjudication of regulations on the new access deficit charge levy regime.
Telecom major Videsh Sanchar Nigam Ltd on Monday said all issues with Reliance Infocomm over Flag Telecom
This is probably for the first time that curfew is in place on the day of Eid festival ever since militancy broke out in the state in 1990.
Govt to scrap 8 appellate tribunals; National Company Law Appellate Tribunal to take over Competition Appellate Tribunal's duties
Kishore Biyani led-Future Group has filed a caveat before the Delhi high court requesting it to be heard if any plea is filed by e-commerce major Amazon over its Rs 24,713 crore deal with Mukesh Ambani-led RIL. Anticipating a move by Amazon, which had got an interim arbitration award in its favour, putting the announced deal on hold, the Future Group firm has moved the Delhi high court.
A high-level review meeting chaired by Prime Minister Manmohan Singh on Wednesday conceded a suggestion for immediate sale of 10 percent government equity in state-owned telecom giant BSNL.
Saudi Aramco had right from the beginning resisted the price tag Reliance had put for the 20 per cent stake in O2C business, which comprises the company's twin refineries at Jamnagar in Gujarat, petrochemical plants and 51 per cent in fuel retailing venture.
Vodafone can mitigate risks of money-laundering through M-Pesa by making sure the funds are being traced.
The invitation from the chief minister for lunch at Punjab Bhavan made it an occasion to cherish and feel at home, said many students.
Subject to Union government approval, the board of state-owned telecom company Bharat Sanchar Nigam Ltd on Thursday cleared a proposal for the divestment of 30 per cent government equity in it, as suggested by a committee set up under Sam Pitroda, the prime minister's telecom and infrastructure advisor.
The Sam Pitroda Committee, set up by Prime Minister Manmohan Singh to devise methods to revive BSNL, has recommended rationalisation of 300,000 staff of BSNL to stem human resource costs.
After the historic win of Bhartiya Janta Partyin Uttar Pradesh elections on Saturday, the talk about the face of chief minister candidate is the next question.
2020 Olympic medals to be made from 'recycled' mobiles
With hopes of raising funds through an initial public offer (IPO) or selling a stake to a strategic investor fading due to stiff opposition from the unions, the government is working on a proposal for a private placement of shares for Bharat Sanchar Nigam Ltd (BSNL), India's fifth-largest telecom company,
State-run BSNL on Saturday approached telecom tribunal TDSAT against sector regulator TRAI's decision to cut a levy paid by private operators to the public sector company for its rural operations.
DoT had raised the demand on December 22 and asked RCom to pay within a month.
The Centre opposed the plea by telling the apex court that it is a question of national security as militancy still poses a serious threat in Jammu and Kashmir and cited a recent incident where hundreds of people gathered in the valley for a funeral of a militant killed by security forces.
India needs $70bn of private investment in infrastructure and will not get it without a level playing field.
West Bengal Chief Minister Mamata Banerjee said on Thursday that at least 72 people have died due to Cyclone Amphan and urged Prime Minister Narendra Modi to visit the affected districts and provide help to 'rebuild those areas from scratch'
Offering lucrative incentives, Telecom Minister Ravi Shankar Prasad on Sunday invited US technology companies to start manufacturing in India, for meeting domestic needs and exports, under the 'Make In India' initiative.
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