Surprisingly, RIL scrip also fell by 2.73 per cent to 1,029.15, becoming the second biggest loser in the index
The phone will work on both 2G, 3G as well as 4G networks seamlessly.
Kotak Mahindra Bank was the biggest loser from the Sensex pack, skidding 1.83 per cent, followed by Axis Bank, NTPC, Hindustan Unilever, ICICI Bank, Bharti Airtel, Reliance Industries, HCL Technologies, IndusInd Bank and Nestle. In contrast, Bajaj Finance, Bajaj Finserv, Tech Mahindra, Tata Consultancy Services, Titan, Infosys, HDFC Bank, HDFC and ITC were the gainers.
Sabse has several patents in the arena of call-control and switching of calls.
The demand for white-collar gig roles saw an 11 per cent uptick year-on-year in March, amid muted hiring across industries due to global headwinds and job cuts, according to a recent report. The month saw white-collar hiring in India rise 2 per cent in terms of job posting activity compared to the same period the previous year, according to the report by staffing portal foundit.in (formerly Monster APAC and ME). Sectors such as retail, telecom, and Travel and Tourism saw the biggest growth in demand on an annual basis.
The telecommunications industry in India is one of the fastest growing sectors in the world. The booming telecom industry has been attracting large amount of investments in the country.
After falling 11 per cent over the past six months, shares of Bharti Airtel gained over three per cent on news that the Telecom Disputes Settlement and Appellate Tribunal (TDSAT) had given a split verdict on inter-circle 3G roaming arrangements between Bharti, Idea and Vodafone.
Within days of revoking a non-compete agreement that his group had with his younger brother Anil, Relianec Industries Ltd chairman Mukesh Ambani is believed to have held a long-drawn-out discussion with telecom czar Sunil Mittal.
The government takes pragmatic steps on telecom.
This investment, up from $20 billion seen last year, would be for continuing the development of 3G, Broadband Wireless Access and expansion of existing networks, said R K Pathak, secretary of the Telecom Equipment & Services Export Promotion Council, in Singapore at the CommunicAsia 2010, a Singapore exhibition for global telecom industries.
Telecom Minister A Raja said on Friday that he has met Home Minister P Chidambaram over the issue of import of telecom equipment, especially from China, and hoped the issue would be resolved "in a couple of weeks".
The 2G judgment and Trai spectrum pricing have led to a policy that makes sense for only one survivor.
GSM operators say upcoming auctions will be a dud, while govt hopes to rake it in.
According to data released by the telecom regulator, the wireless subscriber base increased from 601.22 million in April to 617.53 million by the end of May 2010, registering a growth of 2.71 per cent.
The discussions are 'indicative and non-binding' in nature.
'You have to have commitment to both, but it has to be done at the individual level.'
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TC at its meeting here recommended to an Empowered Group of Ministers that reserve price for pan-India 1800 MHz spectrum be fixed 15 per cent higher than Trai suggested rates.
The industry had seen a robust growth of 20 per cent in revenues at Rs 1,55,683 crore (Rs 1,556.83 billion) in 2008-09.
If completed, the move would create a 50-50 joint venture valuing Reliance Communications' cable assets at $1 billion.
'At a time when massive strides are being made in bringing 5G technology to India, and with TSPs ramping up their infrastructure, it is unacceptable that a large number of complaints over quality issues continue to come in, even from major urban areas.'
The government on Friday reduced the rate of interest and penalty for delayed payments for telecom companies having unified access licensees, including basic companies migrating to UASL, national long distance and international long distance players,
The slowdown in corporate revenue growth over the last one year has begun to reflect in India Inc's capital expenditure, or capex. The country's top listed companies are going slow on fresh investment in capacity expansion, in line with a deceleration in their top line growth. The combined fixed assets of the listed companies, excluding banking, finance services and insurance (BFSI) and the government-owned oil & gas firms, were up 10.1 per cent year-on-year (Y-o-Y) during April-September 2023 (H1FY24) - the slowest in 18 months - as against 21.1 per cent Y-o-Y growth in H2FY23 (October 2022-March 2023) and 11.6 per cent growth in the April-September 2022 period (H1FY23).
The latest row -- termed as independent India's largest financial scam -- is centered on the allocation of scare 2G spectrum at throwaway prices.
Reports by CAG earlier on the 2008 telecom licence scam had resulted in the cancellation of 122 licences.
The government is planning new regulations that may impose penalties on both the creator and the platform hosting deepfakes, as it looks to clamp down on what IT and Telecom Minister Ashwini Vaishaw described as "a threat to democracy".
Private telecom operators have created ripples in the Indian telecom market by accounting for 43 per cent of total telecom services revenue in 2004-05.
The Telecom Commission, the policy-making wing of the DoT, will soon take up the issue of divestment in state-run BSNL, Telecom Minister A Raja said on Wednesday.
Anil Ambani group company FLAG Telecom on Wednesday announced the appointment of Punit Garg, who was heading Reliance Infocomm's international business, as its president.\n\n
Mobile operator Spice Telecom, which is planning to tap the capital market with an initial public offer, has got Foreign Investment Promotion Board's nod for the public issue.
The UAE-based Etisalat issued proceedings on Monday towards winding up its Indian joint venture Etisalat DB Telecom, earlier called Swan Telecom. The company was doing it "so that there can be a proper and orderly end to the business of Etisalat DB Telecom that is supervised by the Indian Courts", it said in a statement.
Telecom equipment maker Ericsson said on Thursday it had signed a deal to supply a CDMA mobile network to India's Shyam Telecom.
A department of telecommunication official said the regulator has already put questions relating to uniform licence fee to the stakeholder in its consultation paper 'Overall Spectrum Management and Review of License Terms and Conditions'.
Idea tops list of companies with high percentage of active subscribers.
France Telecom is close to buying the IT business of communication infrastructure provider GTL in the next few days for about $70 million, intended to enter the fast growing Indian telecom space.
The robust earnings, shown by corporate India in the first half of this year, may not sustain the momentum due to slowdown in performance of IT and telecom sectors, making it difficult to match the forecasted growth for the entire fiscal.
If completed, the 50-50 joint venture would value Reliance Communications' cable assets at $1 billion, the newspaper said, adding Citic Telecom beat out two other bidders from West Asia earlier this month.
The public issue of 39,56,808 equity shares would open on December 4 and close on December 7. The company has fixed a price band of Rs 125 to Rs 150 per equity shares to be decided through book building.
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