From the Sensex pack, Bharti Airtel, HDFC Bank, Titan, UltraTech Cement, ITC, Sun Pharma, Bajaj Finserv, Bajaj Finance, Hindustan Unilever and Kotak Mahindra Bank were among the major gainers. Tata Steel, Axis Bank, NTPC, ICICI Bank and IndusInd Bank were the major laggards.
Reliance Jio has suggested an alternative plan to the The Telecom Regulatory Authority of India (Trai) under which spectrum required by non-geostationary orbit satellite (NGSO) operators to run their gateway terminals should be auctioned geographically, based on districts, rather than circles as done for mobile services. For spectrum which would be required to connect user terminals (like individual homes), Jio has suggested it should be auctioned frequency-wise and exclusively to an operator at a pan-India level. The move is significant as the auctioning of satellite space spectrum has been vehemently opposed by low earth orbit satellite operators (satellites which circle at low altitudes of 200-2000 km).
Says Airtel-Vodafone-Idea pacts violate licence terms; firms may move TDSAT.
Reliance Jio Infocomm (RJIL) has written to the Telecom Regulatory Authority of India (Trai) stating that a recent complaint against it by Bharti Airtel is a deliberate, malicious attempt at defaming RJIL's consumer-friendly tariff. RJIL has also asked the regulator to warn Airtel against 'making such frivolous complaints in the future'. The move is in response to Airtel recently requesting Trai to bring content aired through broadband under the regulatory fold and keep a check against discriminatory bundling tactics.
'Every telecom user wishes to know who is calling. This will help in preventing cyber frauds using telecom services.'
Company won spectrum in six circles in the 1,800 MHz band for Rs 2,221 cr in Nov; Nokia Siemens is technology partner for the rollout.
IT major Wipro on Monday said it has been ranked as a leader in the global R&D service provider survey by Zinnov Management Consulting for the fourth successive year.
Indian family-run business houses have in recent years seen ugly public spats between owners over control. But metals-to-ports conglomerate Essar's Ruia family seems to be an exception. Three generations of the Ruia family - founder brother Shashi and Ravi Ruia, their children and grandchildren - continue to live under one roof and jointly run the business empire.
Indian operators offering BlackBerry services, top executives of Canadian telco Research in Motion (RIM), the company that owns the brand, security agencies and officials of the Department of Telecommunications (DoT) are expected to meet on March 14 to answer the concerns of security agencies in a bid to prevent having BlackBerry services terminated after the March-end deadline.
Technology companies continue to be the most valued brands globally, with the top five most valued companies from the technology sector, according to Brand Finance 2024. Samsung has entered the top five most valued brands globally. Apple secured the first position after falling to the second spot in 2023.
Foreign direct investment (FDI) equity inflows in India declined 24 per cent to $20.48 billion in April-September 2023, dragged by lower inflows in computer hardware and software, telecom, auto and pharma, according to government data. FDI inflows stood at $26.91 billion during the first six months of the last fiscal. Inflows during January-March 2023 also contracted 40.55 per cent to $9.28 billion.
The government has set a revenue target of Rs 45,471 crore from communication services in FY15.
Alarmed by the recent terror attacks on Shia processions by Taliban, Pakistan on Friday shut down the mobile phone network in Karachi, Quetta and some other cities as a part of security measures for this weekend, which is the climax of the holy month of Muharram.
The next spectrum auction will be held in late February 2024 and the reserve price for most bands will remain the same as the 2022 auction, department of telecommunications (DoT) officials have said. The government expects operators to go for low bands beginning in 600 megahertz (MHz), licences for many of which are lapsing soon. Back in September 2021, the government had decided that spectrum auctions should be held annually.
The Department of Telecommunications has decided to hike four-fold the reserve price for broadband wireless access services in the country.
Services attract highest foreign direct investment, despite Make in India push.
Bharti Airtel, the country's largest mobile operator, has already joined the global Seamless Alliance to provide in-flight connectivity.
The market capitalisation of BSE-listed firms reached an all-time high of Rs 299.90 lakh crore on Wednesday despite the Sensex falling marginally after a remarkable record-breaking rally in the last few trading sessions. The 30-share BSE Sensex dipped 33.01 points or 0.05 per cent to settle at 65,446.04, after rallying in the past five trading straight sessions. During the day, the benchmark hit a low of 65,256.49 and a high of 65,584.33.
In an effort to make 3G telecom service available while being able to monitor it closely, the Ministry of Home Affairs (MHA) said its members were working with the Department of Telecommunication (DoT) to formulate rules to allow the intercepting and monitoring needed for national security.
The message is clear: The 60-year-old wise uncles need to handhold the 40-year-old entrepreneurs when, obsessed with ambition and greed for growth, they become a victim of hubris, points out Tamal Bandyopadhyay.
Says nothing should move until system is in place to enable full tapping of lines.
In the wake of a threat to national security, the Intelligence Bureau has asked the Department of Telecommunication to block all internet telephony services until a system is put in place to track such calls.
The government believes firms which are subject to China's laws could be forced to hand over information to Beijing's security services.
Bharti Airtel will launch the 3G services by the year-end.
The Centre has appointed senior IAS officers Vumlunmang Vualnam and Neeraj Mittal as new secretaries in the ministry of civil aviation and the department of telecommunications respectively in a major secretary-level bureaucratic reshuffle, a government order stated.
The department of telecommunication will soon write to companies, including Idea Cellular and Aircel to start landline operations.
Finland has become the first country in the world to make access to broadband services a legal right for its 53 lakh citizens.
Prasad said country's postal department is 150 years old and needs improvement and the government is trying its best to do the needful.
British telecom giant Vodafone is in discussions to sell its about 5 per cent stake in telecom infrastructure company Indus Towers to Bharti Airtel, according to industry sources. The deal, if it goes through, could be worth over Rs 3,300 crore, they said. When contacted, Vodafone refused to comment on the matter. An e-mail sent to Bharti Airtel did not elicit any response.
NavIC consists of a constellation of seven satellites and a network of ground stations and is touted to be more accurate than GPS.
'In the next 15-20 years, India will have at least 50 new (AI-driven) billion-dollar companies that are going to solve problems for the largest companies around the world.'
Telco moves Delhi High Court against order; Vodafone expected to get notice too
Reliance Jio Infocomm has moved the Bombay High Court seeking approval for amalgamating its long distance services arm Infotel with itself.
The licensor has asked Bharti Airtel, Hutch, Reliance Communications and BSNL why they should not be asked to pay Rs 50 crore or Rs 500 million (per circle) as penalty for violation of the licensing agreement, official sources said.
