From steel tycoon Lakshmi Mittal to billionaire Sunil Bharti Mittal's Airtel, Anil Agarwal's Vedanta, ITC, Mahindra and Mahindra, and a lesser-known Future Gaming and Hotel Services were among the prominent buyers of the now-scrapped electoral bonds for making political donations.
He likes to try and try again, as the renewed merger talks with MTN have demonstrated.
Oxford University has signed a memorandum of understanding with the Confederation of Indian Industry to set up India Business Centre.
During the two-day visit, the delegation headed by CII President Sunil Bharti Mittal is scheduled to meet key people such as UK Secretary of State for Health and Environment and interact with industry captains.
Former Indian ambassador to the US Naresh Chandra, noted litterateur Raja Rao (posthumous) and scientist S E Chandy George and civil servant V Krishnamurthy were also selected for Padma Vibhushan.
Bharti Airtel chairman Sunil Mittal on Thursday said tariffs need to go up amid "tremendous stress" in the telecom sector, and Airtel will not hesitate to raise prices, but it will not do so unilaterally. The comments by the telecom czar came at a time when Airtel's rival Vodafone Idea has approached the government for a one-year moratorium on payment of spectrum instalment of over Rs 8,200 crore - due in April 2022. Cash-strapped VIL has told the telecom department that while it is working on raising new funding for the last six months, "investors are not willing to invest in the company because they believe that unless there is a significant improvement in consumer tariffs, the health of the industry will not recover and they will incur a loss on their investment".
Enquiries indicate it belongs to an industrialist with links to a prominent cricketer.
Industry leaders on Thursday mourned the death of Ratan Tata saying with his demise India has lost a visionary who shaped its industrial and philanthropic landscape. Tata was a truly remarkable business leader who placed the country before business interests, and whose vision was truly transformational for a country and its people, TVS Motor Co Chairman Emeritus Venu Srinivasan said in a statement. "Mr Tata was a truly remarkable business leader, the likes of whom nations get only once in a century," he added.
Shares of Reliance Industries as well as Bharti Airtel began the trade on a positive note on Wednesday after the two firms announced their partnerships with Elon Musk's SpaceX for providing high-speed internet services in India. Bharti Airtel stock opened with a gain of 5.49 pc to hit a high of Rs 1,388.25 apiece on the National Stock Exchange (NSE). Soon, it pared all gains and traded 0.77 per cent lower to Rs 1,650.10 per piece.
Bharti chairman Sunil Mittal MTN group president and CEO Phuthuma Nhlek had met Finance Minister Pranab Mukherjee on Monday. The two telecom majors extended the deadline for exclusive talks for their proposed $23-billion deal to the end of next month recently.
India's second richest person Gautam Adani received a total remuneration of Rs 9.26 crore in the fiscal year ended March 31, 2024, lower than most industry peers as well as his own key executives.
Telecom powerhouse Bharti Airtel's boss Sunil Mittal donated $1 million (Rs 4 crore) on Wednesday for education of underprivileged children in villages.
The police had filed charges in December against Bharti Airtel and Vodafone's India unit.
Bharti Airtel chairman Sunil Mittal on Thursday said he had reached out to Vodafone's Nick Read after bold telecom reforms were announced by the government and will also speak to RIL's Mukesh Ambani, as the telecom czar vowed to take the lead in bringing the industry together to unleash India's telecom dream. Mittal exhorted the industry to collaborate in areas such as infrastructure sharing to reduce costs but vehemently ruled out possibility of any cartelisation among players. Amid reports of its potential tie-ups with handset makers to counter Jio's upcoming ultra low-cost smartphone, Mittal said Airtel is in a state of "readiness" on an affordable smartphone "should a need arise".
Mittal said that overall, he expected that by March 2018, the "dust will settle down" for the entire industry.
Most public sector banks, flush with deposits now, offer 3-4% interest on savings deposits, while a few private sector banks go up to 6%.
Telecom giant Bharti Airtel on Wednesday reported a 9.6 per cent fall in net profit at Rs 688.9 crore (Rs 6.88 billion) for the first quarter ended June 30, 2013.
Telecom major Bharti Airtel on Wednesday reported a 29 per cent decline in consolidated net profit at Rs 512 crore (Rs 5.12 billion) for the quarter ended September 30, 2013, mainly on account of increase in finance cost and forex losses due to rupee depreciation.
Bharti Enterprises, which had last year announced a $2.5-billion investment for its retail venture, is expected to announce its final plans, including that of opening of the first store, within the next two months.
Sunil Mittal is seeking subsidies from the Indian government to revive the dying fixed-line phones in the country. The chairman of Bharti Airtel, the leading private sector GSM service provider, has sought the removal of licence fee and service tax that are burdening the sector.
Telecom giant Bharti Airtel on Monday proposed an annual pay package of up to Rs 70 crore (Rs 700 million) for its chief Sunil Mittal, besides other benefits, while seeking its shareholders' nod for his remuneration.
The government must also look at rationalising the levies on the sector and close long standing legal disputes that are a big drag on performance of operators, he said.
Sunil Mittal, chairman & group managing director of the Bharti group, is Business Standard's CEO of the Year for 2005-06.
Airtel has pitched for a hike in mobile and data tariffs.
Telecom Regulatory Authority of India, on October 15, gave its recommendation on spectrum auction for premium 900 Mhz band and 1800 Mhz band that are presently being used for 2G GSM mobile services by Airtel, Vodafone, Idea Cellular and Reliance Communications.
The deal between Bharti group and Tata Teleservices is yet another example of how swiftly things can change in business.
Supporting West Bengal Chief Minister, Buddhadeb Bhattacharjee's stand, Mittal said, "Let us see for the next 7-10 years what Indian companies deliver and then we can take a call."
The approved package for Mittal includes a total fixed pay (inclusive of salary, allowances and retirement benefits) of up to Rs 20 crore (Rs 200 million) per annum, variable pay (performance-linked incentives) of up to 200 per cent of the annual fixed pay in a financial year, and also perquisites worth up to 50 per cent of the fixed pay, taking the total package to an amount not exceeding Rs 70 crore (Rs 700 million).
In a dig at Jio's Rs 1,500 4G-enabled feature phone, the Sunil Bharti Mittal-led company said its smartphone would be made available for the price of a feature phone
GSM operators lobby COAI has already challenged the norms announced by Department of Telecom on October 19, which include allowing dual technology for mobile services and enhanced subscriber-linked criteria for spectrum allocation. In view of protests by GSM operators, the Centre had asked Telecom Engineering Centre, the technical wing of DoT, to study the norms as suggested by the Telecom Regulatory Authority of India.
The company had been posting decline in net income for the last 14 consecutive quarters.
The judge summoned Birla as one of the accused in the case.
Home minister heads several groups of ministers, including the one to decide the revival package for Bharat Sanchar Nigam and Mahanagar Telephone Nigam. His ministry also takes decisive calls on national security in relation to telecom operations as well as equipment and technology used in the industry.
Airtel has allocated 199,870,006 new equity shares at price of Rs 340 each share, representing 5 per cent equity stake in the company to QFE.
Total revenue dropped by 10.5 per cent to Rs 19,634 crore in the fourth quarter of 2017-18
Billionaire Gautam Adani's group is said to be planning a surprise entry into the race to acquire telecom spectrum, which will pitch it directly against Mukesh Ambani's Reliance Jio and telecom czar Sunil Bharti Mittal's Airtel, sources said. Applications for participating in the July 26 auction of airwaves, including those capable of providing fifth-generation or 5G telecom services such as ultra-high-speed internet connectivity, closed on Friday with at least four applications. Jio, Airtel and Vodafone Idea -- the three private players in the telecom sector -- applied, three sources with knowledge of the matter said.
The number of mobile phone subscribers in India decreased by 3.66 million in September to 1.17 billion, representing the first fall in seven months, according to the latest data released by the Telecom Regulatory Authority of India (Trai). The number of subscribers had last fallen by 3.7 million back in February. In recent months, it rose by 1.08 million in August, 0.64 million in July, and 1.89 million in June.
R C Bhargava, Kiran Mazumdar-Shaw & Dinesh K Sarraf are other members of the business delegation
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