The year gone by saw the high and mighty of the corporate world face the music in the Delhi High Court which held that the telecom majors are amenable to CAG audit and Mukesh Ambani's RIL struggling hard to get rid of an FIR lodged on gas pricing by the 49-day-old AAP regime.
The cable industry has asked the government to quickly address the policy issues related to the Internet Protocol TV. Otherwise, over 3,000 unauthorised television channels, which include pornography, will enter Indian homes.
Amid tight security and an altercation with HFCL chief Mahendra Nahata at Sanchar Bhawan, headquarters of the Department of Telecom, nine companies among 45 applicants were offered letters of intent (LoIs) for unified access service licenses (UASL).
DoT decides not to scrap dual-technology telecom licences
Confirming the development, Chairman Venugopal Dhoot said, "We will use the CDMA technology for mobile services in the country."
The apex body of CDMA operators, has shot off a letter to the telecom ministry alleging that the GSM operators were given spectrum "way beyond their licences".
The proposed Road Transport and Safety Bill, likely to be cleared by the Union Cabinet next week and introduced in Parliament in its current session, seeks to make Indian roads safer by imposing hefty penalties for violation of traffic rules.
The proposed Road Transport and Safety Bill, likely to be cleared by the Union Cabinet next week and introduced in Parliament in its current session, seeks to make Indian roads safer by imposing hefty penalties for violation of traffic rules.
This stand of TRAI marks a shift from its earlier suggestions on unified licensing, for which it had recommended levying a fee of Rs 107 crore.
Lenders, with Rs 600-cr exposure to telco, want it to sell properties to repay loans.
In a major setback to Bharti Group which offers telecom services under AirTel brand, the Supreme Court has turned down its plea seeking refund of Rs 135 crore (Rs 1.35 billion) for surrendering five basic licences.
Faced with the threat of losing tax holiday due to the delay in starting operations, COAI has sought a year's extension upto April 2005 for the unified access service licencees, who got the licences in the first quarter of 2004.
Bharti Televentures on Thursday announced plans to provide GSM services to six eastern and north-eastern states as well as to Andaman & Nicobar Islands, in two phases.
Amid expectations that Thursday levy cut would greatly facilitate reduction in STD, ISD rates
Private basic operators increased their mobile subscriber base to 57.69 lakh (5.769 million) during November with Reliance alone accounting for 52.13 lakh (5.213 million) WLL subscribers.
A bench comprising justices K S Radhakrishnan and Vikramajit Sen said CAG can carry out the audit to examine whether the companies are giving proper share of their revenue to the government.
But their trajectory and direction have been largely influenced by politics and the political leadership's understanding of how the economy needs to be managed, explains A K Bhattacharya.
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Of the 11 licence holders, only eight remain in the fray as concerns about profitability and rising competition are making them think twice before jumping in.
The Central Bureau India (CBI) on Monday alleged before a special court that Essar Group of companies had created a "corporate veil".
The Supreme Court has asked the CBI to place before it the "files and notings" which purportedly suggest that its Director Ranjit Sinha wants stopping of whole trial against Reliance Telecom Ltd (RTL) and three top executives of the Reliance ADAG, who are accused in the 2G spectrum scam case.
Former Telecom Minister A Raja had "misled" then Prime Minister Manmohan Singh regarding policy of first-come-first-served which was to be followed for allocation of 2G spectrum, Central Bureau of Investigation on Monday told a special court.
We have our own problems for sure and they are not trivial, but for now, our economy is in not too bad a shape, our politics is as personality-driven and authoritarian as that of most countries in the world. We must make the best of what we have and not be excessively unhappy looking at the grass on the other side of the septic tank which may not be greener after all!, observes Shreekant Sambrani.
Companies might have to shell out a fourth of the industry's annual net revenue to clear the obligation
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Govt unveils reforms that cuts down time and bureaucracy.
The code will apply to companies, partnerships, limited liability partnerships, individuals and any other body specified by the government
Delhi BJP chief Manoj Tiwari, who released the manifesto along with senior party leaders, including Union ministers Harsh Vardhan and Vijay Goel, said, "The sankalp patra embodies Prime Minister Narendra Modi's policies and the views of party president Amit Shah.
The controversial report of the Joint Parliamentary Committee, which gave a clean chit to Prime Minister Manmohan Singh in the 2G spectrum scam saying he was "misled" by the then Telecom Minister A Raja, was on Tuesday submitted to Lok Sabha Speaker Meira Kumar.
'Given the emerging trends, it may be time for India to embrace digital banking,' notes Pradipta Bagchi.
Taxi booking, shopping and transfer of money will be easy.
'If the RBI blesses us with a banking licence, we would like to launch a successful bank.'
While mobile wallets are still busy exploring the multiple facets of interoperability, experts believe that bringing in new customers would be costly affair and the numbers of new wallet users might not see a major hike anytime soon.
The controversial report of the JPC, which gave a clean chit to Prime Minister Manmohan Singh in the 2G spectrum scam saying he was "misled" by the then Telecom Minister A Raja, was on Monday tabled in Lok Sabha amid pandemonium.
The company was awaiting clarification from the Reserve Bank of India on data storage before it took a final call on data localisation.
Instead of only government departments and state-owned undertakings, the CAG can now audit private companies, too.
Priyadarshini Maji evaluates the impact that payment banks are likely to have on your financial life.
The former RBI deputy governor talked about the prospects of an economic revival, reforms in IMF, etc.
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