The minister said the companies have given representation which is being examined by the DoT before taking a final decision.
The list of companies skipping dividends in FY19 includes some of the country's largest firms and industry leaders such Tata Motors, Avenue Supermart, Future Retail and Vodafone Idea, among others.
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.
India's first auction of spectrum in five years attracted Rs 77,146 crore of bids on the opening day on Monday with Reliance Jio, Bharti Airtel, and Vodafone Idea participating in the bidding process - a response that the government said was better than expected. There were, however, no takers for spectrum in 700 MHz and 2500 MHz bands on the first day, and the auctions will continue and conclude on Tuesday. About 2,308.80 MHz of spectrum, that carry telecom signals, in seven bands worth nearly Rs 4 lakh crore at the reserve or start price, was offered for bidding in the auction that began on Monday. Communications Minister Ravi Shankar Prasad said Rs 77,146 crore worth of spectrum was bid on the first day but there were no takers for the airwaves in the premium 700 MHz as also 2500 MHz bands.
One tenth mobile subscribers in India own multiple mobile phone connections, says a report.
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 announcement quells fears among some telcos that Chinese players might be banned from participating in 5G trials and roll outs.
Tata Teleservices has announced plans to launch 3G services by Diwali, while Vodafone has said it will launch the services by early 2011.
US-based technology major IBM is contesting a claim of the revenue department which has increased the company's taxable income substantially to around Rs 11,000 crore (Rs 110 billion).
The auction for Broadband Wireless Access started on Monday with 11 players, including Bharti, Vodafone, RCom and Tatas, in the race to acquire the two slots on offer.
The V150 has most of the basic features like voice, SMS and support for mobile payment services.
A senior woman officer with Vodafone company in Chennai was on Wednesday found dead in a swimming pool of a five-star hotel in suburban Andheri, the police said.
The SC had reserved its verdict on a bunch of similar petitions.
At $12-bn valuation, this will be India's largest FDI; deal to be announced on Saturday, says Dev Chatterjee.
The phone number given by Maoists to the media asking Union Home Minster P Chidambaram to call on Thursday for peace negotiations belongs to a police constable who was abducted by the rebels.The Vodafone number 9734695789 belongs to Sisir Kanti Nag, the constable who was abducted by the Maoists demanding the release of the Peoples' Committee against Police Atrocities leader Chatradhar Mahato.
Vodafone, one of the largest GSM operators, had said that service providers like itself and "Bharti pay the highest spectrum charges per MHz to department of telecommunications compared to others. . .
Let's take a look at some of the biggest M&A deals in the world.
Vodafone will launch a range of merchandise comprising T-shirts, kidswear, mugs, bed and bath accessories featuring the egg-headed mascots of the company that have gained a lot of popularity.
Investors turned cautious weighing weak GDP numbers and continued drop in automobile sales, bringing banking and auto sector stocks under pressure.
The auction is the biggest ever sale of 2G and 3G airwaves.
Telecom major Bharti Airtel led the growth in segment with net addition of 1.31 million subscribers.
According to a study, the change in frequency for transmitting mobile signals could cost the telcos over Rs 1 lakh crore (Rs 1 trillion) cumulatively.
The Amul girl is still synonymous with branded butter and the iconic billboards continue to be conversation starters.
About Rs 52,500 crore (Rs 525 billion) has been offered as of the fourth day of the ongoing wireless spectrum auction on Thursday, with metros like Delhi seeing renewed demand for airwaves.
Triggering a tariff war, Idea Cellular on Thursday slashed data charges by 90 per cent in eight circles, following Bharti Airtel and Vodafone, who recently cut their rates by similar margins in select circles.
Market experts say that FIIs have been caught off-guard on their exposures to companies with high-leverage and those facing cyclical headwinds.
Total revenue dropped by 10.5 per cent to Rs 19,634 crore in the fourth quarter of 2017-18
Kataria, 49, an IIT-XLRI alumnus, was quick to implement a number of initiatives during the Covid-19 crisis including launching D2C initiatives such as mobile stores, WhatsApp messaging, video calling and home deliveries. Kataria was also swift to recognise that stay-at-home consumers were keen to buy informal rather than formal footwear, launching new collections quickly to take advantage of this trend, says Viveat Susan Pinto.
Bharti Airtel has paid Rs 11,374.7 cr while upfront amount due from it was Rs 7,832.20 cr
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