Vodafone CEO Arun Sarin on Thursday met key members of the Ruia family, as part of efforts to woo the Essar Group to ensure smooth sailing of mobile venture Hutch-Essar, where the UK company is acquiring majority stake.
The launch of Reliance Jio Infocomm Ltd last September, particularly the tariff war it has unleashed on its competitors, has deepened the crisis facing India's telecom sector. One offshoot of this is the major drop in earnings reported by industry leaders Bharti Airtel and Idea Cellular with each passing quarter. Aslam Hunani/Rediff.com tells the story in numbers.
Irrespective of demonetisation and GST blues, IIM Lucknow has been able to successfully place their batch of 459 students.
Experts explain the distinction between the rights of small and minority shareholders in public-listed and private companies.
'Is it advisable to have more number of scrips in small quantities or a few scrips in big quantities?'
Around 1,200 protesters demanding scrapping of the amended citizenship act were detained on Thursday when they defied prohibitory orders imposed by the Delhi Police in Red Fort area. Internet, voice and messaging services by Airtel, Vodafone, Idea and Reliance Jio were suspended in parts of Delhi-NCR, in perhaps for the first time that the national capital experienced such restrictions.
India's second-largest telecom firm Bharti Airtel on Tuesday reported a net profit of Rs 1,134 crore for the September 2021 quarter, and said it is witnessing strong business momentum with growth in 4G customers and increase in mobile ARPU. This is against a loss (attributable to owners of the parent) of 763.2 crore during the year-ago quarter, the company said in a statement. Its consolidated revenues for the second quarter of FY21 stood at Rs 28,326.4 crore, up 18.8 per cent year-on-year (on a comparable basis) and 13 per cent y-o-y on a reported basis, it added.
Anil Ambani has interests in power, telecom and other infrastructure sectors.
According to the CEO of an Indian group with presence in the telecom segment and two merchant bankers, the Mexico-headquartered telco's bankers have been sounded out for preliminary discussions with leading Indian telecom companies for a strategic tie-up.
The entry of the deep-pocketed conglomerate is expected to heighten competition.
The retrospective tax decision reversing the January 2012 Supreme Court verdict in the Vodafone case has often been cited as the reason for foreign investors losing confidence in India as an investment destination.
The petitioner said the companies were increasing the prices just to earn huge profit. Companies like Bharti Airtel had posted an annual profit of more than 90 per cent, the NGO said.
'MFs acted as reckless lenders and not as prudent investors.' 'Clearly, how debt funds are being run is a systemic issue,' warns Debashis Basu.
A day after Vodafone announced its $11.1 billion acquisition of Hutchison's equity holding in Hutch-Essar, India's fourth largest mobile service provider, it received an unsolicited advice from the Egyptian CEO of Orascom, Naguib Sawiris.
A senior company executive said the company waited for seven years for the verdict and its shareholders needed to know when it would be concluded.
CBDT circular issued last month had raised multiple taxation concerns.
Hutchison Telecom on Sunday said talks were on with various suitors for sale of its holding in joint venture Hutch-Essar in India and that there was no time-frame for a decision.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
Hindujas had put in a bid of $20 billion -- higher than Vodafone's bid of $19.3 billion.
Ajay Piramal bets highly on infrastructure, realty
In the broader market, the BSE Midcap index bucked the trend to gain 0.3%
To bring clarity, the department clearly defines terms such as promoter and competitor.
Tata Group had hinted at combining its enterprise business with Tata Communications and its fixed-line and broadband businesses with Tata Sky.
Singapore based telecom firm SingTel, which holds over 30 per cent stake in Bharti Airtel, on Wednesday said it has full faith in the company's corporate governance standards under the leadership of company's chairman Sunil Bharti Mittal.
But the road map of telecom will be decided by one thing: Whether Jio sticks to its ambitious plan and whether incumbents have enough financial muscle or ability to raise money every year to ensure that Jio does not reach its target, says Surajeet Das Gupta.
Funds will be raised via non-cumulative preference shares issued to Tata Sons on rights basis
By becoming associate sponsor, STAR Plus brand will get assured mileage on broadcaster SET Max.
The explosion in online video consumption is pushing TV and film companies to fine-tune their internet strategies.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The operator was acquired four years earlier by Essar, when the latter had more telecom ventures, such as the 33 per cent stake in Vodafone Essar, and also owned telecom towers.
Telecom Commission says refarm all spectrum in 900-MHz band to 1,800-MHz band operators.
Many argue that the airline could achieve its full potential if Nusli Wadia were to run it the way he does Britannia.
The Union Cabinet headed by Prime Minister Manmohan Singh accepted recommendation of the empowered group of ministers that all existing mobile phone companies must pay one-time spectrum charge.
Incumbent operators can retain 2.5-MHz spectrum in 900-MHz band, rest to be refarmed decision final.
The empowered group of ministers (EGoM) on telecom headed by Finance Minister P Chidambaram on Monday decided to impose a one-time fee on incumbent operators prospectively for spectrum beyond 4.4 MHz in GSM and 2.5 MHz in CDMA.
Market experts say that FIIs have been caught off-guard on their exposures to companies with high-leverage and those facing cyclical headwinds.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Given the security dilemma prevailing between India and China, India should curb the operation of Chinese telecom companies in India, asserts Dr Rup Narayan Das.
Sachin Bansal, who had co-founded Flipkart with Binny Bansal in 2007, would exit the company
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