Five suspected members of the Maharashtra Navnirman Sena on Tuesday smashed the entrance glass of an Airtel outlet in Mumbai to protest the private telecom major not using Marathi language prominently in a customer interactive system, police said.
Telecom major Bharti Airtel on Wednesday reported a 29 per cent decline in consolidated net profit at Rs 512 crore (Rs 5.12 billion) for the quarter ended September 30, 2013, mainly on account of increase in finance cost and forex losses due to rupee depreciation.
Riding on a bull run, equity investors became richer by Rs 128.77 lakh crore in the 2023-24 fiscal, driven by robust fundamentals of the Indian economy, increased investment inflows and promising corporate earnings. After a muted performance in 2022-23, equity markets made a remarkable recovery in FY24, giving handsome returns to investors. The 30-share BSE Sensex climbed 14,659.83 points or 24.85 per cent in 2023-24.
For Vittal, who will take over from the current CEO, Sanjay Kapoor, in March, reversing the telco's shrinking revenues and market share will be among the first of the challenges.
Apple's iPhone, the touch screen handset that acquired a cult status in the United States and other Western countries, will be available to Indian mobile users through private telecom operators Bharti Airtel and Vodafone Essar from August 22, giving competitors like Nokia, Samsung and others a run for their money.
While a group of officials believed a case against the two telecom companies was made out as they were only beneficiaries of the laid down policy, another team of officials involved in decision-making differed, official sources said on Monday.
The government on Tuesday said it has not received any application for 2G spectrum auction except that of Sistema Shyam Teleservices that will bid for CDMA spectrum.
On the back of this, leading GSM incumbent Bharti Airtel's shares opened on a bullish note and then gained further ground and touched an early high of Rs 334.55 on the BSE, higher by 8.96 per cent from its previous closing price.
The launch of 5G services in India turbocharged mobile download speeds here, pushing the country's ranking 72 notches higher to 47th spot in Speedtest Global Index, ahead of nations like Japan, the UK and Brazil, according to Ookla. India's speed performance has zoomed up 3.59 times since the introduction of 5G, it said dubbing the country's 5G advancement as "remarkable". In this global pecking order, India ranked not only ahead of its neighbours like Bangladesh, Sri Lanka, and Pakistan, but also some G20 countries, such as Mexico (90th), Turkey (68th), the UK (62nd), Japan (58th), Brazil (50th place), and South Africa (48th place).
Bharti hopes to make Airtel the country's most-admired brand by 2010. Has it done enough to rise above the clutter?
The call failure rate, Jio said, has been worsening rapidly in the last few days, while augmentation of interconnection capacity is still awaited
Among the Sensex firms, Infosys, Tech Mahindra, HCL Technologies, Tata Consultancy Services, Wipro and JSW Steel were the major gainers during the morning deals. Nestle, Bharti Airtel, Axis Bank ITC were among the laggards.
Total network minutes rise 5% q-o-q but revenue per minute down 1.9%
Sunil Mittal will become executive chairman.
Watching movies on direct-to-home has become cheaper, with two major DTH operators, Airtel DTH and Big TV, slashing pay-per-view (PPV) prices of premiere (new) movies. While Airtel DTH has reduced prices of paid movie services by 33 per cent, Big TV has cut prices by around 50 per cent.
From the Sensex pack, Nestle, Tata Consultancy Services, IndusInd Bank, Asian Paints, Bharti Airtel, Tech Mahindra, UltraTech Cement, Kotak Mahindra Bank and Hindustan Unilever were among the major laggards. Tata Steel, JSW Steel, HCL Technologies, Axis Bank, Power Grid and Mahindra & Mahindra were among the gainers.
The launch of internet-enabled Jio Bharat phones at an "attractive pricing" will enable Jio to gain market share at the lower end segment and signals a reduced probability of tariff hike in the near term, brokerages tracking the sector said. Jio on Monday launched internet-enabled Jio Bharat phones at Rs 999, packing in a cheaper monthly plan of Rs 123 for unlimited voice calls and 14 GB data. The new offering aims to accelerate the '2G Mukt Bharat' vision, as India still has 250 million mobile subscribers trapped in the 2G era with feature phones.
A presentation by the CBI to a Joint Parliamentary Committee last week said the decision led to a loss of Rs 508 crore to the exchequer.
VoIP services include communications applications such as Skype, Line and Viber
Telecom major Bharti Televentures on Tuesday announced batting maestro Sachin Tendulkar as its new brand ambassador besides unveiling a brand campaign -- Express Yourself -- for its mobile service brand AirTel.
Major laggards among Sensex constituents included Bharti Airtel, Hindustan Unilever, Tata Steel and ITC. Power Grid, UltraTech Cement, NTPC and Titan emerged as winners.
The MTN Group, the largest mobile operator in sub-Saharan Africa, might seek a 'non-compete agreement' with Bharti Airtel, India's largest private telecom company, to bar it from entering the 21-odd markets in which the Johannesburg-listed company operates, banking sources said.
With cellular telephony fast expanding, Samsung on Friday said it has tied up with India's largest cellular operator AirTel for bundling of handsets in all circles.
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The South West District Consumer Disputes Redressal Forum said that Tara Chand, a Delhi-based businessman, was entitled to three domestic trips instead of one as contended by Airtel since he had bought the connections in the names of three directors of his firm.
ontinuing its acquisition spree in the international market, Bharti Airtel on Wednesday said the company will acquire 100 per cent stake in Telecom Seychelles for $62 million (about Rs 288 crore).
Disappointing quarterly earnings numbers and revenue forecast from IT services company Wipro also weighed on investor sentiments. The 30-share BSE Sensex fell 247.78 points or 0.38 per cent to settle at 65,629.24 points. During the day, it plunged 533.52 points or 0.80 per cent to 65,343.50 points.
Gains in IndusInd Bank, HCL Tech, TCS, Tech Mahindra, NTPC, ITC, JSW Steel and Tata Steel helped the barometer scale a fresh high. Axis Bank fell the most by 1.26 per cent, M&M by 0.99 per cent and Hindustan Unilever by 0.67 per cent. Maruti, Bajaj Finserv, Bharti Airtel and HDFC Bank and Infosys also declined.
Leading telecom operator Bharti Airtel on Wednesday said it has earmarked a capital expenditure of $3.1 billion (over Rs 14,000 crore) for India and other global operations in the current fiscal.
With the start of general elections as a source of revenue Bharti Airtel's direct-to-home arm is ready to launch its mobile DTH units for cars.
Under this exclusive tie up, HTC Touch Diamond, the smartphone, will offer a wide range of services, including YouTube application for watching video content. Besides, it will give access to Airtel Live for providing entertainment on mobile.
The burgeoning population of mobile phone users is increasingly using the short messaging service to greet their friends and relatives on occasions such as the start of New Year.
As Vodafone started examining the books of Hutchison Essar, its existing partner Bharti Airtel on Tuesday said it has not been approached by anyone to buyout British telecom firm's stake in the company.
Under the plan, customers can enjoy unlimited STD calls to anywhere in India to any mobile or landline number for 30 days at a tariff of 75 paise per minute by recharging with a Rs 47 pack, Airtel said.
Over the past week, the BSE Sensex ended on a muted note, showing a marginal gain of 2.25 points at 28,114.56.
Bharti Airtel said it might look at diluting some of its equity either at Bharti Airtel or at its tower subsidiary as one of the options to fund the $10.7-billion acquisition of African assets of Zain Telecom.
Titan surged 2.98 per cent, followed by IndusInd Bank, ITC, JSW Steel, Infosys, Tech Mahindra, Tata Consultancy Services and Maruti. Hindustan Unilever, Asian Paints, Bharti Airtel and HDFC Bank were among the laggards.
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