In an exclusive interview to NDTV Profit, chairman of Bharti Enterprises, Sunil Mittal, hit out at what he called the irrational pricing of spectrum between older and newer players.
Non-resident Indian businessman C Sivasankaran's Sterling Infotech group is in talks with the Seychelles government to lease an island for 99 years, on which it plans to build an integrated mega township and tourism project.
Not only the common subscribers but even Finance Minister P Chidambaram is also peeved over the way mobile calls drop and wanted to know from the group chairman of the largest cellular operator Bharti Airtel, Sunil Mittal, as to when they would be able to fix the problem. "When will calls not drop in Lutyens' Delhi?," Chidambaram asked Mittal at the NDTV Profit Business Award function on Monday evening.
Average data usage on Airtel India network grew about three fold to 2611 megabyte (about 2.5 GB) per customer from 904 MB on YoY basis. But the average revenue from the data services per customer declined by 22.7 per cent during the period.
With intense competition in telecom sector, the two companies are rushing to diversify into other revenue streams, prominent among which are cloud services.
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.
Ajit Mishra, vice president, research, Religare Broking, answers your stockmarket queries.
Prime Minister Narendra Modi said India and the United Kingdom are economically made for each other.
Yes Bank was the biggest gainer in the Sensex pack, rallying 11.48 per cent amid reports that private equity firms have showed interest in buying a major stake in the private sector lender.
People who know Mr Ambani, estimated by Forbes as the world's sixth richest man with a net worth of about $42bn, say the deal is typical of his aggressive style.
Not too much is known about the middle-aged Arifuddin who is Vavasi's major shareholder, except for the fact that he is a civil engineer from Karnataka and started the group around a decade ago.
The delegation held meetings with the state department and the White House, besides meeting the US corporate leadership, policy makers and think tanks. Prominent among those the delegation met included Jim Steinberg, the Deputy Secretary of State at the Foggy Bottom headquarters of state department.
After initial success, data use is stagnating and getting consumers to spend additional money for high-speed internet is proving to be difficult for telcos.
The chain readies to expand its footprint as Bharti focuses on its retail venture.
Bharti Airtel boss Sunil Mittal already heads the Confederation of Indian Industry (CII). Former BPL Mobile boss Rajeev Chandrasekhar is slated to take over as Federation of Indian Chambers of Commerce and Industry (Ficci) president.
The Department of Telecommunications has called a meeting of the heads of all leading telecom companies offering GSM technology services on November 21 to resolve contentious issues that have arisen following recent changes in telecom policy.
Indian CEOs are increasingly finding representation on some of the world's most influential policy bodies.
Easily the biggest high-power gathering and by far the starriest event staged in Gujarat, concluded at the Reliance petro township in Jamnagar on Sunday.
Prime Minister Manmohan Singh is believed to have left it to telecom minister A Raja to resolve the tangle over allocation of spectrum, an issue that has brought industry bigwigs like Reliance Communications' Anil Ambani and Bharti Airtel's Sunil Mittal face to face.
The fall was led by banking stocks, with IndusInd Bank, Kotak Bank, Federal Bank, Axis Bank, ICICI Bank, HDFC Bank and SBI declining up to 2.36 per cent.
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.
India's retail giants, including Kishore Biyani's Future Group, Mukesh Ambani's Reliance Retail and Sunil Mittal-promoted Bharti group, have started negotiations with the railways for leasing land for retail development.
Coercion does not work. People will find ways to come around it. No one can legislate that industry cannot spend, or not be ostentatious, says Sunil Mittal.
Despite low tariffs, voice usage is not growing.
Richest 10 account for 41% of promoter wealth, up from 33% in December 2018, says Krishna Kant.
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.
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.
CEO pay is not always the function of performance.
Sector-wise, banking, IT, pharma and realty indices drove the market momentum.
India's 140 million mobile subscribers make missed calls to convey a pre-agreed message.
The Indian industry stands staunchly opposed to job reservations in the private sector, Bharti Group promoter and Confederation of Indian Industry vice-president Sunil Mittal has said as he vowed to fight the move at every fora.
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
What is Wal-Mart? When was it set up? Who owns it? Read on to find out.
Bharti Televentures, in association with a Canada-based firm, on Tuesday launched Blackberry handheld devices offering 'always on' connectivity, targeted at high-end customers.
Special CBI Judge O P Saini adjourned Monday's proceedings in the wake of stay granted by the Supreme Court on separate pleas filed by Mittal and Ruia challenging the March 19 order of the trial court summoning them as accused in the case.
Bharti Group chairman Sunil Mittal on Tuesday said the unified licensing regime proposed by the Telecom Regulatory Authority of India could not be pursued in its present form, as it was in contradiction of the TDSAT judgement.
Of the 23 Indian billionaires mentioned in the Bloomberg Billionaires Index, only one saw a reduction in net worth, with the companies owned by most of them outperforming the Nifty 50 index by a big margin.
The fourth phase of the Lok Sabha elections will go to polls on April 29. The voting will be held for 71 seats spread across 9 states.
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