Ambani is banking on new businesses to boost profit as earnings from producing oil and natural gas has slowed in the past three years.
The development comes a day after RCom posted a consolidated loss of Rs 30,142 crore for July-September 2019 due to provisioning for liabilities after the Supreme Court ruling on statutory dues.
The decision comes as countries around the world seal their borders and ban travel to stop the fast-spreading COVID-19 pandemic that has claimed over 9,000 lives so far.
Prime Minister Narendra Modi began his engagements in the US on Thursday by meeting with leading American CEOs from five different key sectors and highlighted the economic opportunities in India.
Discussing the prospect of more reform earlier this month, telecom minister Ashwini Vaishnaw announced a delay in the 5G spectrum auction. India's telecom sector regulation has to be benchmarked with the global best, he said. It's another matter that many countries have either introduced or are about to roll out 5G services that will enable cutting-edge tech in diverse areas. For India, too, it will mean a lot for healthcare, robotics and unleashing a new chapter in Digital India perhaps.
Deputy US Attorney General Jeffrey Rosen on Wednesday announced that three indictments have been unsealed in the matter that collectively charge five Chinese nationals with computer hacking and charge two Malaysian nationals with helping some of those hackers target victims and sell the fruits of their crime.
'Job opportunities will be available in pharma, retail, medical, virtual business operating sectors, IT sector, telecommunications, infrastructure development, healthcare sector and e-commerce.'
Under the deal, Israel would suspend its plans to annex large parts of the occupied West Bank.
The PM said Japan and the Indian diaspora has a big role to play in India's growth story.
The announcement quells fears among some telcos that Chinese players might be banned from participating in 5G trials and roll outs.
Quad leaders are also planning to roll out vaccine deliverables and announce a series of measures in the field of healthcare and infrastructure sector, officials in Washington, DC said.
Britain has finalised 1 billion pounds worth of new trade and investment with India, creating over 6,500 jobs in the UK, to be signed off at a virtual summit between Prime Minister Boris Johnson and his Indian counterpart Narendra Modi on Tuesday. The investments confirmed by Downing Street on Monday evening form part of an Enhanced Trade Partnership (ETP), which will set the ambition to double the value of UK-India trade by 2030 and declare a shared intent to begin work towards a comprehensive Free Trade Agreement (FTA). "Like every aspect of the UK-India relationship, the economic links between our countries make our people stronger and safer," Johnson said.
Expressing concern over revelations by whistleblower Edward Snowden alleging that the NSA spied on Chinese leaders and businesses, China on Monday demanded that the US explain the facts and stop surveillance activities.
Nine companies incubating at StartupVillage have made it to the second round of Nasscoms flagship programme to support 10,000 technology startups across India.
Air India's new chief Ashwani Lohani is a man of many parts. Here are 10 interesting facts about him.
Kapil Sibal said there will be multiple places from where cyber war could take place, it will involve individuals, sections of society, businesses, terrorists, drug dealers and those who want to generate violence.
"We are concerned about the data localisation law and the new e-commerce regulations...they do not fully take into account the needs of all stakeholders, including American and other foreign companies," acting principal deputy assistant secretary of the US, Thomas Vajda said.
Tech Mahindra is building 5G use cases with US-based hospitals to help manage devices remotely and eventually manage remote surgeries that will require seamless network connectivity.
India has experienced hands and will emerge with flying colours, declares Inspector General Gurdip Singh Uban (retd).
'The book captures Rana Kapoor's hunger for real estate leading to bungalows in Delhi, Mumbai, London and other cities; the multiple companies -- over 100 -- to fund his family's various ventures; the attempt to game the system by showing lower non-performing assets,' notes Joydeep Ghosh.
If IOC is not allowed to run its own affairs, then we can see it close down in the next 10 to 15 years, warns Sudhir Bisht.
Ratan Tata was the first one to realise that Indian companies had become a prisoner to tradition and needed to radically innovate.
Uttar Pradesh government has awarded the project to Vamasundari Investments, the investment arm of HCL
While everybody is talking about the vast potential of 5G, the uptake of such services in India depends on operators getting around 100 Mhz 5G spectrum. At the reserve price proposed by Trai, getting this spectrum will cost a telco around Rs 490 billion. Which amount could be difficult for operators to mop up, given the financial stress they are undergoing, says Kiran Rathee.
The increase in infrastructure spends in the country is likely to be driven by sectors like housing, telecom, healthcare, education and transportation.
India's e-commerce sector is expected to touch $22bn in 2015.
'The attacks made clear to all the Gulf States that Pakistan was the nursery and sanctuary of extremist violence and that this violence threatened all the countries in the region.'
India is looking at 5G technology as a major opportunity in terms of offering services tailored for rural India like telehealth, tele-education and bandwidth-heavy applications
'We will resist it.' 'Farmers will not let that happen.'
Putin said India was facing a serious problem on account of terrorism and it was not an "imaginary thing".
'It is in electronics that the gap between where we are and where we need to be is most obvious and most persistent.' 'It is not only a national security issue, but also a commercial issue,' argues Rajeev Srinivasan.
He said both countries are opening new areas of cooperation in the energy sector, telecommunications and science and technology and they have set up funds to facilitate investment in high technologies.
India's fifth largest software services firm Tech Mahindra will acquire global network services firm Lightbridge Communications Corporation (LCC) in an all-cash deal worth $240 million (over Rs 1,486 crore).
Amid increasing number of cyber attacks and snooping, the government on Tuesday announced the national cyber security policy that aims to protect information and build capabilities to prevent such attacks.
Technology can certainly gain India membership in the comity of modern nations in the 21st century.
Chinese equipment contracts had been given by many public sector undertakings and government companies for their networks, even in sensitive places such as the north east.
Ajit Balakrishnan recalls some lessons from the last time people talked of 'convergence' -- the mid-1990s.
NRIs still send largest remittances than counterparts elsewhere.
Both Airtel and Vodafone claim they did everything possible to resume services.
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