According to a study, the change in frequency for transmitting mobile signals could cost the telcos over Rs 1 lakh crore (Rs 1 trillion) cumulatively.
Addressing a press conference in London via Skype, the man, identified as Syed Shuja, said the BJP would have won Rajasthan, Chhattisgarh and Madhya Pradesh elections if his team hadn't intercepted the BJP attempts to hack the transmissions in these states.
Bankers said as part of its debt reduction plan, Canada's Brookfield-sponsored India Infrastructure Trust acquired a pipeline for Rs 13,000 crore from East West Pipeline Ltd, an arm of Reliance Industries Holding Private Ltd, and all the liabilities are now off the subsidiary's books.
Chiefs of the Central Bureau of InvestigationEnforcement, Income Tax and Enforcement Directorate have been called by the Central Vigilance Commission to give a detailed update on their probe in the 2G case and discuss the way forward for investigations.
The Monopolies and Restrictive Trade Practices Commission has issued notices to mobile operators Bharti Airtel, Idea Cellular and Hutchison on a complaint over downloading of ring tones.
It claimed the officials were involved in 'espionage, subversion and supporting terrorist activities in Balochistan and Sindh'.
Move comes in view of big debt overhang in two sectors; companies unwilling.
Move comes in view of big debt overhang in two sectors; companies unwilling.
Reliance Industries is facing penalty for falling gas output from its KG-D6 fields.
Ignoring objections by political parties, the government on Friday introduced a bill in Lok Sabha to clear legal hurdles in appointment of former Telephone Regulatory Authority of India Chairman Nripendra Misra who joined as principal secretary to Prime Minister Narendra Modi more than a month back.
A Group of Ministers headed by Finance Minister Pranab Mukhejree is likely to meet on Monday to vet London-listed mining group Vedanta Resources' $ 9.6 billion acquisition of Cairn India.
According to a senior company official, BSNL is in the process of appointing recovery agents on a commission basis to bring back the money.
The numbers hidden behind the results tell a story of zero-return businesses and lower prospects for the core units
Former Telecom Minister A Raja on Sunday said he was ready to serve life imprisonment if a single rupee or dollar was found in any offshore account in his name.
Amid long-pending dispute between the UK-based telecom giant Vodafone and the tax authorities in India, Finance Minister's advisor Parthasarathi Shome on Wednesday said the government should not use retrospective amendment of tax laws to raise revenues.
Revenue was also boosted by robust growth in retail business which recorded a 73.6 per cent increase to Rs 11,571 crore
'... the government provides adequate cash and kind support for the poorest of the poor for survival... ...conditional cash and skilling support for the economically poor to raise their incomes to adequate levels... ...and make functional arrangements for providing unemployment allowance to the vulnerable poor during disasters like the present one.'
Telecom guru Sam Pitroda on Wednesday said India should not try to copy the consumption-based economic model of the United States, saying it won't work for this country.
It's time the government accepts that Digital India is too distant.
The survey found that 76 per cent of employees whose current workplace does not offer remote work options would consider switching to a job that offered more flexibility, while 42 per cent said they have already searched for such job options.
Delhi High Court quashes reassessment proceedings by Income Tax department.
Has the Modi government been more at odds with institutions than other governments? There is no doubt that there have been more run-ins. While the RBI and CBI cases have drawn attention, there have been others, less publicised, Subhomoy Bhattacharjee points out.
In his book, Backstage: The Story Behind India's High Growth Years, Montek Singh Ahluwalia accepted the Act "increased the cost of land to financially unsustainable levels ... and made it easier for anyone who wants to stop a project to use the various consultative processes required under the law to delay matters".
Hyperactive Telecom Minister Kapil Sibal -- busy trying to 'rescue' the UPA government in the 2G scam ever since he took over after Andimuthu Raja resigned in November -- finds himself caught up in another spectrum scam of the Indian Space Research Organisation's gift of 70Mhz at throwaway prices to its former officer in 2005 that is now turning out to be a Rs 2-lakh crore (Rs 2 trillion) scandal.
There were opportunities in having these people to open bank accounts and use phone banking, said Pitroda.
It would be perfectly possible for a rogue customer to disconnect a call and then claim compensation.
A lot has been written about the impact of the recommendations.
Most of the markets it is now looking at in hopes of gaining the next billion internet users have demographics similar to that of India.
The CMM was appointed as commissioner to record 84-year-old Ammal's testimony by a Special CBI Court, holding trial in the case, in the wake of the Supreme Court's direction.
Parliament on Tuesday cleared a Bill to remove legal hurdles that were coming in the way of appointing former Telecom Regulatory Authority of India chief Nripendra Misra as principal secretary to the prime minister amid strong opposition by Congress.
BJP received chunk of the funds at Rs 437.04 crore, while Congress got Rs 26.65 crore.
At a pre-Budget meeting, the FM was asked to ensure that NBFCs come out of the liquidity crisis they are facing with the help of RBI. They also spoke about the futility of trying to achieve a 3 per cent fiscal deficit target over the medium term.
Stressing the need for coal sector reforms, the presentation said, "Independent regulation of coal sector becomes essential to ensure that e-auction remains competitive, to fix formulae for price revision for long-term fuel supply, to fix trading margins and to improve exploitation and allocation of available resources.
During a hearing before the Monopolies and Restrictive Trade Practices Commission (MRTPC) last month Bharti Airtel, Vodafone Essar, Reliance Communications, Tata Teleservices, and government-run BSNL and MTNL agreed to submit the undertaking.
Analysts cautious on outlook, expect earnings to remain under pressure over medium term.
RIL's December quarter performance is likely to be muted
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Faced with over Rs 11,200 crore (Rs 112 billion) tax liability, Vodafone India chief Analjit Singh on Thursday met Finance Minister P Chidambaram for the second time this week and expressed the hope that there will be clarity soon on the proposal to settle the dispute through conciliation.
Events to keep an eye out for...
Instructions have been issued to circles to ensure timely issue of telephone bills and to effect disconnection of telephones for non-payment promptly. The company has fixed a 35-day deadline for disconnection due to non-payment of bills, the reply said. Hitherto, banks and credit card companies were among the chief patrons of recovery agents, whose more often than not high-handed methods of recovering dues came for flak from the Reserve Bank of India last year.
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