The stock market rout has caused the country's five richest, led by Reliance Industries Chairman Mukesh Ambani, to lose more than $10 billion in just about a fortnight.
Ahead of his scheduled meeting with Vodafone CEO Arun Sarin, who is bidding for Hutch-Essar, Communications Minister Dayanidhi Maran on Wednesday said the government wanted good companies to enter the country.
Bharti Televentures, in association with a Canada-based firm, on Tuesday launched Blackberry handheld devices offering 'always on' connectivity, targeted at high-end customers.
CEO pay is not always the function of performance.
Sunil Mittal, promoter of India's largest private telecom company Bharti, on Thursday said any law to impose quotas would only encourage contract labour.\n
Sunil Mittal's Bharti Airtel maintained the top slot with a market share of 32.18 per cent and a total user base of 57.41 million. The company added 2.25 million users in January, up from 2.2 million added in December. COAI did not provide subscriber numbers of Reliance Communications, even though the CDMA major has GSM operations in the country's north-eastern circles.
A bench headed by Justice Arun Mishra declined to accept the proposal given by senior advocate Mukul Rohatgi, appearing for Vodafone, after he mentioned the matter. Rohatgi said they are willing to pay Rs 2,500 crore today (Monday) and another Rs 1,000 crore by Friday but no coercive action be taken against the company. He urged the bank guarantee deposited with the government by Vodafone should also not be encashed.
What is Wal-Mart? When was it set up? Who owns it? Read on to find out.
Sunil Mittal-led Bharti Airtel has become the world's third largest mobile operator with 303 million subscribers.
It was Arun Sarin's first and only press conference in India on October 28, 2005. Vodafone had just bought a 10 per cent stake in Bharti.
Reliance Industries chairman Mukesh Ambani continues to top India's richest list, according to the Hurun India Rich List 2014.
Based on industry estimates, telecom companies, including Bharti Airtel, Reliance Jio, Vodafone Idea and BSNL, are expected to invest over $10 billion on buying 5G telecom equipment in the next five years as they transition from non-standalone networks to standalone 5G networks.
Azim Premji, the chairman of Bangalore-based software giant Wipro, is the richest Indian with a wealth worth Rs 31,198 crore (Rs 311.98 billion).
In a bid to resolve the row between cellular and basic players, Communication and IT Minister Arun Shourie constituted on Friday a 7-member committee including Reliance's Mukesh Ambani and Bharti's Sunil Mittal
The government on Saturday allowed roaming facility on mobile phones for Pakistan for a period of four months, apparently in the view of the ongoing Indo-Pak cricket series.
Ten billionaires including Mukesh Ambani, Sunil Mittal are in the world's richest list.
The cellular phone industry will be able to lower the tariffs if the access deficit charge is brought down, according to Sunil Mittal, the CMD of telecom major Bharti.
India has the third highest number of billionaires in the world after the US and China, according to a new list by the prestigious Forbes magazine, which said Reliance Industries chairman Mukesh Ambani reclaimed his spot as Asia's richest person, dethroning Chinese business tycoon Jack Ma who was the richest person in the region a year ago.
Reliance Infocomm led the tally of the basic subscribers with 58.8 lakh (5.88 million) till December 2003, while the all-India subscriber base rose to 81.13 lakh (8.113 million) in December from 75.63 lakh (7.563 million) in November last year.
A Ganesh Nadar shares interesting vignettes that usually get lost in the heat-and-dust of election coverage.
Vodafone-Idea (Vi) has said the key hurdle it faces in raising fresh funding, despite interest from investors, is the 'pricing situation' which is also the reason why it has asked the Department of Telecommunica-tions (DoT) for another extension of the moratorium on payment of spectrum instalment by one more year. Responding to a question during an analysts' call on Friday after its quarterly results on the reason for the delay in fund-raising nine months after it was announced, CEO & MD Ravinder Takkar said: "We are in discussions with investors. There is continued interest in investing in the telecom sector in the country. "The biggest hurdle is that the overall industry is under stress because of the pricing situation." He said that once tariffs go up, it will create a significant amount of confidence.
'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.'
The move comes a few days after billionaire businessman Elon Musk tweeted that his Starlink internet services would be available in India as soon as it gets regulatory approvals next year. Musk's Starlink, which plans to have a constellation of 40,000 low-orbit satellites, recently started offering high-speed internet in the US as part of its beta launch phase.
Richest 10 account for 41% of promoter wealth, up from 33% in December 2018, says Krishna Kant.
The Jio-Bharti battle will not just be limited to mobile telephony but will extend to the fibre to home space too.
Top ten billionaires in India.
The process of switching off the 3G network has already started with Kolkata in the recent-concluded June quarter. By September, the shutdown will be affected in 6-7 more circles and between December and March the entire 3G network would be shut down.
On Monday, Ambani had said the Reliance group was open to join hands with Bharti Airtel for improving telecom network for 4G services in Punjab.
In April 2013, CBI had first told the Court there were "some difficulties" in the probe after it went abroad.
Recently, world headlines buzzed with Elon Musk's announcement that he was shelving his audacious bid for social media platform Twitter. Away from the media spotlight, questions are being asked about the maverick billionaire's plans in India, too. A few days ago, a Reuters report said Musk's flagship Tesla had put on hold its plan to launch electric cars in India.
Rejecting the demand of global retailers like Walmart, the government on Wednesday said there is no plan to relax the mandatory 30 per cent local sourcing norms for foreign players in the multi-brand retail sector.
As the WEF summit draws to a close on Saturday, a few big names from India including Mukesh Ambani and Anand Mahindra were missing in action while Pakistan Prime Minister Nawaz Sharif and Jordan's King Abdullah II were among global leaders who cancelled their trips at the last moment.
Reliance Industries, which sold stake worth $21.7 billion in Jio Platforms, kept the league tables moving in spite of the pandemic.
Analysts have pointed out that with the dues arising out of the SC judgment there could soon be only two private telcos in the country, and not three - Reliance Jio, Bharti Airtel and Vodafone Idea - as now.
The company will engage various NGOs for the construction of toilets as well as undertake awareness campaigns for better sanitation, it said adding that a total of around 100,000 households would be benefited by the sanitation initiative.
Online play is a priority now -- so far unthinkable in a business that's all about a meaningful interface with kirana stores.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances