In March this year, DoCoMo completed acquisition of 26 per cent in TTSL, in accordance with the agreement announced by the parties last November, for Rs 12,740 crore (Rs 127.4 billion). TTSL, which is predominantly a CDMA player, acquired GSM licence last year under the government's policy where an operator can launch both GSM and CDMA services under a single licence.
The company plans to set up Wi-Fi spots in hotels, retail cafes, airports, stadiums, malls and government and education complexes.
Terms reveal that such premature redemption is allowable on dividend reset dates in case there is no agreement on the dividend rate
Firm makes Rs 4,858-crore loss on Rs 10,799-crore income.
Which were the five businesses Ratan Tata had great hopes for, but his successor failed to deliver?
Accumulated sum Rs 31,500 crore in 2015-16
Telecom operators slash call rates to quake-hit Nepal
The company plans to leverage its tie-up with NTT DoComo to offer many value-added services.
'The idea is to align the HR policies and work culture with changing times'.
Siva group defaulted on payment in 2016 and is also facing CBI investigation
Will give up extra airwaves in 15 service areas but will retain 3.75 megahertz in the Delhi and Mumbai.
The clearances are for three proposals submitted to the Foreign Investment Promotion Board by Bharti Telemedia, which offers direct-to-home television services, Tata Teleservices, in which Japan's DoCoMo has picked up 27.3 per cent equity, and SKR BPO Services, which has made downstream investments in Sparsh BPO. Press notes 2 and 4, issued in February this year, changed the way indirect foreign equity is treated while computing the total foreign investment.
Tatas may look at selling part of its stake in couple of investments
Funds will be raised via non-cumulative preference shares issued to Tata Sons on rights basis
John Elliott, the author of Implosion: India's Tryst with Reality, on his Riding the Elephant blog, says the sacking of Cyrus Mistry as chairman of Tata and Sons was in line with Ratan Tata's personal style of dealing with executives
The company needs Rs 2,000 crore more in 2 years to repay debt.
Spectrum is critical for Tata Tele because in some circles, Rajasthan for example, it has spectrum only in 60 per cent of the geography, while allocation for the rest has yet to come from the government.
While the two high-profile exits in pharmaceutical and telecom have raised concerns over regulatory hassles in the country, Japanese investors are still keen to tap into India's consumer growth story and many more merger and acquisition deals are in the offing in this space.
Days after NTT DoCoMo of Japan announced that it will buy 26 per cent in Tata Teleservices for $2.7 billion, NRI businessman C Sivasankaran has decided to put on the block his eight per cent stake in the company.
Tata Sons said dividend from 40-odd Tata Group firms had declined during Mistry's tenure while expenses had risen
Among the businesses that need consolidation are retail and defence
Here's a look at how key Tata group companies fared under Cyrus Mistry's stewardship.
'The Tata group will need for its new leader to show the same foresight and willingness to go against conventional wisdom at times to keep the group's aspirations high and uphold the values of innovation, ethics, corporate responsibility, trust and leadership that are frequently associated with the Tata name.'
Mistry's strategy appears to be the opposite of the group's stance in the heady days of 2007
Provisioning for bad investments, finance costs shoot up in FY14.
Cyrus Mistry had put in place a strategy that would have pulled most of the Tata group's 'legacy hotspots' out of the financial mess from legacy issues and helped turn around the group's finances.
However, survey by Japanese firm shows India as most preferred Asian market for Japanese investors.
All investors are value investors. Or they at least like to believe this. So let us see why VI is so difficult to achieve, even though philosophically it is easy to understand.
The dual-technology operator plans to divert its mobile customers and those who use mobile internet to the GSM side of its business, and devote the CDMA business exclusively to dongles.
Mersal is the first Vijay film to make Rs 200 crores. Some say credit for the star's most successful film goes to the BJP and its opponents.
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Big brands are keen to tie up with IPL for advertising purposes.
The results of the Maharashtra Board HSC exam will be declared on May 25, 2010 at 11 am. Get your results online, via SMS.
In the broader market, the BSE Smallcap and BSE Midcap index gained 0.1% and 0.4%, respectively
Bhargavi Zaveri & Radhika Pandey explains how complexities of foreign exchange rules are used by India Inc to dispute contractual obligations.
What could be the reason for this swift change in less than four years of Mistry taking charge? People in the know said it was building up. The latest trigger was Tata Power's acquisition of Welspun Renewables' solar and power assets
While smart boys like the Ruias of Essar, Ajay Piramal, Max India promoter Analjit Singh laughed all the way to the bank, the Tatas, Anil Ambani, Malaysian tycoon T Ananda Krishna of Maxis (which invested in Aircel), Sistema, and Norway's Telenor burnt their fingers, notes Surajeet Das Gupta.
Experts view this as a case of "failed experiment" in succession
Indian Hotels, Tata Steel, Tata Teleservices, Tata Motors, Tata Power need some immediate attention of the Tata Group chairman
The market breadth, indicating the overall health of the market, turned negative from positive
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