In the broader market, the BSE Midcap index bucked the trend to gain 0.3%
BSNL, Tata Teleservices and Reliance Communications, who also provide GSM technology-based services, are not part of the report.
Bharti Airtel and Vodafone Idea have communicated to the telecom department that they will not pay AGR dues of Rs 88,624 crore, the deadline for which ended on Thursday, and will wait for the outcome of modification petition listed for hearing before the Supreme Court next week, according to official sources. Reliance Jio on Thursday paid Rs 195 crore to the telecom department to clear all adjusted gross revenue dues accounted till January 31, 2020, according to an official source.
Do a straw poll of any business friends and you will laugh and weep at what they go through, points out Rahul Jacob.
Apart from the Google team led by AI scientist Manish Gupta, the company will also partner with the research community across the country to focus on tackling challenges in fields like healthcare, agriculture, and education.
When it comes to the number of phone bill disputes, Vodafone, Idea Cellular, BSNL and Aircel were high on the list in several service areas during the quarter ended June.
Jio has accused incumbent telecom operators for not providing the required number of equipment to connect its mobile network with theirs
In effect, companies which put their money in telecom in India would have done much better to keep the cash in bank and earn interest.
Experts explain the distinction between the rights of small and minority shareholders in public-listed and private companies.
SC raised questions over the government's decision ordering mandatory seeding of mobile numbers with Aadhaar.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Trai has said the three operators were "intentionally denying and delaying" the provision of points of interconnects (PoIs) to Jio, "only to restrict a new entrant thus violating the terms and conditions of licence and regulations of the Authority which also caused a lot of inconvenience to the consumers."
Experts say going ahead data price will fall further due to competition
Here we encapsulate all the sporting action from last week in this stunning photo feature.
'MFs acted as reckless lenders and not as prudent investors.' 'Clearly, how debt funds are being run is a systemic issue,' warns Debashis Basu.
World No 1 men's shuttler Lee Chong Wei's coach Tey Seu Bock of Malaysia was appointed chief coach of Mumbai Masters for the inaugural Vodafone Indian Badminton League on Sunday.
Indian-origin telecom titan Arun Sarin, who is retiring as Vodafone CEO in July, is likely to venture into private equity business and may also join boards of large international companies as a non-executive director.
Lawyers representing govt point out that telcos, because of the large money they can save if they get a favourable judgement, prefer to fight till all legal options are exhausted
The DoT estimates that it will receive Rs 29,524 cr in revenue from the telecom industry in FY18, which is 38% less than the Budget revenue target of Rs 47,300 cr for FY18
Successful bidders will have to pay 25 per cent of the amount upfront for sub 1 GHz, and 50 per cent upfront for higher frequency bands.
While UltraTech Cement has been the biggest value creator adding nearly Rs 99,000 crore to its market capitalisation, Grasim Industries has added around Rs 27,000 crore to its market cap.
Although the industry is disappointed with the government decision not to lower spectrum prices at a time telcos are saddled with over Rs 4-trillion debt and an estimated Rs 1.43-trillion licence fee dues, the DCC has relaxed the payment structure to offer some relief to the financially stressed sector.
Vodafone debuted at 20th rank in this year's list, prepared by consulting firm Hay Group and Chief Executive Magazine. PepsiCo is down to 7th position from its third rank last year. In the 2006 list, Citigroup, now headed by another Indian origin banker Vikram Pandit, was ranked at fourth. However, it does not find a place in this year's list. Nagpur-born Pandit was named the CEO of Citigroup earlier this month, after his predecessor Charles Price stepped down last month.
Billionaire Mukesh Ambani on Tuesday hinted at rolling out 5G telecom services in the second half of 2021 and said policy steps are needed to accelerate the early rollout of ultra-high-speed 5G services that are affordable and available everywhere. Ambani, whose four-year-old telecom venture Jio has captured the No.1 spot offering free voice calling and data at dirt-cheap rates, also pitched for developing hardware manufacturing in India, saying the nation cannot rely on imports in such a critical area. 5G is the 5th generation mobile network that enables connecting virtually everyone and everything together including machines, objects, and devices. India, he said, is today among the best digitally connected nations in the world.
The sale of Essar Oil was India's biggest deleveraging exercise undertaken by any debt-heavy group
Vodafone to invest 1.3-billion pounds in upgrading and expanding its network in India.
Seeks capital gains tax payment prior to FIPB clearance.
Essar holds the key for the future of telecom joint venture Hutch-Essar, as domestic and global firms, including Reliance Communications and British giant Vodafone, reportedly vie with each other to acquire the country's third-largest mobile operator
The market valuation of Reliance Industries, the country's most valued firm, is fast nearing the Rs 10 lakh crore mark, surpassing British energy major BP Plc.
With this, the Bharti group companies had enhanced their voting interest in Bharti Airtel to over 50 per cent, the company said in a statement.
In the first phase, the company will sponsor 25 vehicles on five routes, including Chandni Chowk, Saket, IIT-SDA market area, GK-II and Delhi University-North Campus, Vodafone told reporters in New Delhi.
Reliance Jio test launched its services last December, but dates for commercial launch has not been announced.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Tata Teleservices and Reliance Communications have said that they had been denied extra spectrum even as the old GSM operators like Bharti, Vodafone and Idea were been allocated excess spectrum in many circles.
This is the last lot of payments that telcos will make towards deferred spectrum liabilities, as the Union Cabinet had late last year approved a two-year moratorium on such spectrum payment dues.
Sunil Mittal's Bharti, in which British telecom firm Vodafone has 10 per cent stake, said on Thursday it is yet to hear a final word from the UK-based operator on its plans to buyout Hutchison Telecom's stake in Indian joint venture Hutch-Essar.
The adjusted gross revenue (earnings from sale of telecom services) of the top three telecom companies in India - Bharti Airtel, Vodafone India and Idea Cellular declined by 7.98 per cent, 5.14 per cent and 4.91 per cent respectively during third quarter of 2016-17.
However, the number of transactions declined to 76 in January-March this year from 110 in the year-ago quarter.
When Ernst & Young got the mandate from Vodafone late last week to carry out a due diligence on Hutchison-Essar Ltd, it was another feather in the cap for Rajiv Memani.
It was Arun Sarin's first and only press conference in India on October 28, 2005. Vodafone had just bought a 10 per cent stake in Bharti.
