With the Beijing Olympics 2008 starting from Friday, three of the major Indian telecom service providers Reliance Communications, BPL Mobile and Tata Communications are launching services aimed at tapping the communication potential of the event.
Indian products have lost the tag of being cheap, said Subodh Bhargava, Chairman, Tata Communications
The investment, which will be raised through internal accruals and various funding modes, is part of the company's $2 billion capex plans announced in 2008. The company had intended to make investments of $2 billion over the next three-year period.
Tata Communications employee Agnello Alphonso's main complaint is that the current income tax exemption limit of Rs 1.5 lakhs has only been raised by Rs 10,000 to Rs 1.6 lakhs.
TCL wants to raise around Rs 10 billion through a rights issue, sources familiar with the developments said. This means the government will have to invest Rs 2.6 billion to retain its stake in the company, in case it approves the issue. The company needs to raise fresh equity for any fresh borrowing, as it has already reached the maximum limit of debt vis-a-vis its net worth, as stipulated under the shareholder agreement.
The government is planning to divest its residual 26.12 per cent equity in the Tata-owned Videsh Sanchar Nigam Ltd, now called Tata Communications. It is unlikely, however, that the government will decide to sell its entire residual stake in the stock market before it resolves the issue of the surplus land of around 773 acres that was kept outside the disinvestment process.
Tata Communications unveils an ambitious plan to become global leader in wireless broadband by launching the world's largest commercial network
Mistry's strategy appears to be the opposite of the group's stance in the heady days of 2007
The lower yield is better for property landlords as it indicates an appreciation in the capital value of the property, says Raghavendra Kamath.
Tata Group overall commands market capitalisation of over $125 billion
GSTN is planning a disaster recovery drill and hence services will not be available for 12 hours, between 9am and 9pm, on July 1, and has requested the taxpayers to plan GST-related activities on the portal accordingly.
With intense competition in telecom sector, the two companies are rushing to diversify into other revenue streams, prominent among which are cloud services.
Shares worth over Rs 2,800 crore in four Tata firms, including TCS and Tata Motors, pledged by Tata Sons have been released.
There was virtually no incremental equity investment by Tata Sons during Mistry's first two years
MCX Stock Exchange on Tuesday said it has received approval from capital markets regulator.
At a time of massive job losses that is what the much-vaunted Indian IT sector needs. Ritwik Sharma reports.
Rajan's last day at Tata Sons, where he has worked since the 1990s, will be March 31.
Leverage ratio falls to under 1; but group heavily dependent on TCS & Tata Motors.
The recent blocking of websites by Internet service providers was prompted by court orders to prevent piracy of Dishoom, the Bollywood movie
'Jaguar Land Rover will manage the long-term impact and implications of this decision.'
A representative of the Confederation of ATM Industry said ATM players were not consulted about the move and they received the news via media platforms.
Bharti Airtel and Vodafone Idea have communicated to the telecom department that they will not pay AGR dues of Rs 88,624 crore, the deadline for which ended on Thursday, and will wait for the outcome of modification petition listed for hearing before the Supreme Court next week, according to official sources. Reliance Jio on Thursday paid Rs 195 crore to the telecom department to clear all adjusted gross revenue dues accounted till January 31, 2020, according to an official source.
Rejig likely every few years to make company flexible to the changing needs of business
The cash crunch following demonetisation and transaction fees that do not cover costs are among the reasons why the sector is struggling.
GIFT is a financial centre almost entirely devoid of bankers and, indeed, of people.
Liberty Media, the US firm that completed a takeover of the sport in January, immediately identified digital as an area ripe for development as it seeks to tap lucrative new revenue streams and give fans more of an experience.
Spectrum auction on Thursday entered the 10th day of bidding and started off from Rs 61,091.83 crore (Rs 610.91 billion) in terms of value.
From round-the-clock surveillance of people and equipment to choosing the right materials for the building that contains the servers that store data, these facilities are truly state-of-the-art.
The broader Nifty, after touching a high (intra-day) of 10,555.50 points, finished at 10,539.75, up 84.80 points, or 0.81 per cent.
India's largest private sector lender ICICI Bank has hit the Chinese debt market for a benchmark issue of about $500 million.
Insurer likely to support Ratan Tata; reduction in stake might have been profit booking.
Here's a look at how key Tata group companies fared under Cyrus Mistry's stewardship.
Tata companies perform well while major firms in emerging markets do badly.
R Venkataramanan, the managing trustee of the Sir Dorabji Tata Trust who is responsible for all Tata-run trusts, prefers to keep a low profile but has emerged as a power centre in the group - with more clout than many established CEOs, says Dev Chatterjee.
Flipkart might consider Singapore, too, as listing norms aren't very strict.
A white-label ATM is similar to a normal bank ATM but is not owned by a bank, instead by a private ATM service provider.
Financials were the top losers while oil shares also declined amid weak crude oil prices.
Tata Steel and Tata Chemicals under investor watch
Recently, ex-Google executive Punit Soni joined FLipkart.
Bankers and executives involved in ATM operations said challenges abounded in this segment.
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