Mukesh Ambani's Jio, high debt and some bad decisions drove RCom to its grave.
Payments banks will mainly deal in remittance services and accept deposits of up to Rs 1 lakh.
What explains Vijay Shekhar Sharma's optimism when other players have started to tread cautiously is Paytm's huge customer base: It has 120 million users and counting, says Nivedita Mookerji.
The company needs Rs 2,000 crore more in 2 years to repay debt.
Inflation is down, growth is headed for recovery. RIL and subsidiary Jio are on an upswing. However, stressed loans and impending job losses are the dark clouds, says Devangshu Datta.
National Investigation Agency officials said that Salvinder Singh, his jeweller friend Rajesh Verma and cook Madan Gopal have been summoned for a routine questioning as the agency is preparing to receive a five-member Special Investigation Team from Pakistan on March 27.
The big beneficiaries of this move will be the big three -- Bharti, Vodafone and Idea.
The government has suffered a loss of Rs 12,488.93 crore (Rs 124.88 billion) due to under-invoicing of gross revenue by six telecom companies including Reliance Communications, Vodafone and Bharti Airtel, the CAG said in a damning report on Friday.
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.
India plans to provide the probe team from Pakistan access to all witnesses in the Pathankot terror attack case but not security personnel from the National Security Guard or the Border Security Force.
After a two year run-in with controversies, telecom sector now looks stable and seems back on its feet with initial investment proposal of over Rs 11,000 crore (Rs 110 billion) received in 2013.
Have committed themselves to investing Rs 1,85,000 crore since last year.
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