For Orascom, the real jewel in HTIL's crown was Hutchison Essar, India's fourth largest mobile phone company and a natural complement to its existing operations in Pakistan and Bangladesh.
The country's largest lender State Bank of India has seen a perceptible increase in the number transactions happening at its multiple digital channels, with the percentage moving from 60 per cent in the pre-pandemic period to 67 per cent currently, chairman Dinesh Khara said. The rise in the number of digital transactions at the bank was largely driven by pick up in e-commerce during the pandemic-induced lockdown, which restricted movement, he said.
The Ruias, Anil Dhirubhai Ambani group, Hindujas and Vodafone are all believed to have put in their bids.
The Ruias of Essar have informed merchant bankers that they have 'veto powers' to prevent any buyer of Hutchison Whampoa's 67 per cent stake in Hutchison-Essar from using its own brand name.
The telephone subscriber base was 996.49 million at the end of March.
Hutchison holds a 52 percent stake in Hutchison Essar and the Ruias-promoted Essar group 33 percent, while the rest is held by Analjit Singh of Max India and Hutchison Essar CEO Asim Ghosh.
Nokia has expanded its research and development facility in Bangalore with the inauguration of a 210,000 sq ft development centre at the Prestige Tech Park in the IT corridor.
Angry parents have lodged a complaint with the state-run Bangladesh Telecommunications Regulatory Commission calling for an end to free late-night calls by mobile telephone operators as it was inviting unwelcome romance for their children.
Telecoms investor Aditya Birla Nuvo Ltd and retailer Future Group were among the first big names to apply for licenses to run so-called payments banks
Telecom Regulatory Authority of India on Thursday released a common charter of telecommunication services for adoption by all the service providers.
'The recent incident in the US has no bearing in India.' 'We are not aware of any request from the US to India about 5G.'
Patni Computer Systems has completed the acquisition of US-based Cymbal Corporation for $68 million, helping it enter the $60 billion telecommunication vertical for IT services.
India's huge digital prowess and potential will play a huge role in enabling digital lending, says Romita Majumdar.
Tharoor put the blame for the logjam in Parliament on BJP and accused the saffron party of reducing the "temple of democracy to a rubber stamp for its agenda or worse, a notice board to announce its unilateral decisions".
The government has set a revenue target of Rs 45,471 crore from communication services in FY15.
The handsets would have a 1.3 mega pixel camera, 32 MB internal memory, video recording, and everything that people look for while buying a mobile, for less than Rs 3,000.
'We have filed our draft red herring prospectus for a floating IPO for a net offer size of 86.6 million shares.'
The spat between Essar and Hutchison for the acquisition of BPL (Mumbai) circle is far from over with the Indian corporate maintaining that the Department of Telecom approval for acquisition of BPL shares is yet to come.
Finnish telecom giant Nokia has entered into a joint venture with China Putian Corp to develop and market third-generation (3G) mobile telecommunication technology.
'Whoever owns the best chip industry will be the Saudi Arabia of the era of data,' predicts Rajeev Srinivasan.
The senators also said that Pakistan should end support to terrorism and refrain from taking any steps that could destabilise Kashmir.
The CAG report, tabled in Parliament, states the interest on the short payment stood at Rs 1,052.13 crore for the period up to March 2016.
Spectrum auction ends, brings Rs 1.09 tln to govt kitty.
Samsung has unveiled its new line of slim mobile phones with the launch of 'The Ultra Edition Series' in New Delhi.
Ericsson filed a case claiming Xiaomi has been violating eight of its patents.
At present, 70% of the mobile handsets sold in India are imported.
Major carmakers in the country are loading barrels for the coming battle in the field, reports Arnab Dutta.
Global mobile vendor Nokia plans to open a global networks operation centre in India by the end of the year, strengthening its focus on one of the world's fastest-growing telecommunications markets.
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