The much-awaited soft launch of Reliance Jio's next-generation mobile services has been delayed by another month.
RIL's December quarter performance is likely to be muted
Domestic brokerage Sharekhan's last month's analysis of buy and sell transactions by mutual funds shows that the fund houses purchased stocks from sectors such as infrastructure, IT, telecom and healthcare, while offloading shares from oil and gas and banking sectors. Domestic mutual funds are lapping up the buying opportunity present in the bear gripped stock market and made net purchases worth Rs 3,179 crore (Rs 31.79 billion) in equities in June.
China Development Bank takes Reliance Communications to NCLT over loan default
Software company Tech Mahindra said it may evaluate the telecom business of the Satyam Computer Services for acquisition.
Broader gains were capped as investors awaited corporate results from major firms
Analysts remain confident RIL's refining and petrochemical segment will continue to support growth.
Airtel has allocated 199,870,006 new equity shares at price of Rs 340 each share, representing 5 per cent equity stake in the company to QFE.
Consumer durables major Videocon Industries has firmed up its telecom plans and is making an initial investment of Rs 6,000 crore for rolling out GSM services, notwithstanding spectrum and legal issues besieging the sector. The services will be launched through its subsidiary, Datacom Solutions, by May. In case of a delay in spectrum allocation, the company may opt for taking spectrum on lease.
Total income from operations, however, dipped 27 per cent to Rs 68,261 crore.
Addressing a hurriedly called press conference to clear his position in the wake of Left parties demanding a probe, alleging Rs 60,000 crore (Rs 600 billion) loss to the exchequer in spectrum allocation, the minister said that Trai recommendations were followed in letter and spirit.
Experts say going ahead data price will fall further due to competition
Make no mistake, Reliance's entry into Indian e-commerce cannot be taken lightly. It is akin to a combine of AT&T and Wal-Mart challenging Amazon on its home turf, says Shailesh Dobhal.
Wipro Technologies has set up a separate group within its Telecom and Product Engineering practice to aggressively tap the opportunities in the telecom service providers' space.
Kiran Kumar Kavikondala, Director, WealthRays Group will talk on investments in equity shares.
Reliance Communications, India's second-largest wireless operator, will launch phone services in Uganda by year-end, marking its first foray into international mobile phone markets.
Kiran Kumar Kavikondala, Director, WealthRays Group will talk on investments in equity shares.
The company is also bringing in a regime of 'getting paid for receiving calls,' while offering local calls at 50 paise per minute.
Market breadth turned negative with 1,779 declines over 884 advances on the BSE
Jio's100-million subscribers target appears an uphill task in the next one month, believe analysts. Also, the existing subscribers are already witnessing slowdown in data speed thanks to the high traffic.
Nokia India has seen exports from its telecom Special Economic Zone at Sriperumbudur near Chennai reach Rs 1,650 crore (Rs 16.50 billion) in 2006-07, according to figures provided by the Madras Exports Processing Zone.
Kiran Kumar Kavikondala, Director, WealthRays Group will talk on investments in equity shares.
The 30-share Sensex ended down 69 points at 28,192 and the 50-share Nifty closed 20 points lower at 8,551.
The company would also increase its head count by over eight-fold to 10,000 in the next three years from the current 1,200.
The existing company is expected to continue as the holding arm of its huge real estate assets.
France Telecom is close to buying the IT business of communication infrastructure provider GTL in the next few days for about $70 million, intended to enter the fast growing Indian telecom space.
Most business groups in India, including Godrejs, Tatas and Mahindras, have seen patience tested in JVs, with some of them winding up quickly
Analysts expect structural risks such as risk to voice revenues, steep correction in data realisations, capex spend and rise in churn and subsequent increase in costs to continue in the medium term
Revenue was also boosted by robust growth in retail business which recorded a 73.6 per cent increase to Rs 11,571 crore
Market cap touches Rs 5 lakh crore; earnings growth to spurt in FY19
The company would also increase its head count by ten fold to 10,000 in the next three years from the current 1000.
Taking forward the promised consolidation of its telecom businesses, the board of Anil Ambani-controlled Reliance Communications Ventures Ltd would meet in Mumbai on Sunday to consider merger of Reliance Infocomm with itself.
Das will 'mentor the Jio Division of Reliance Retail', the Reliance Industries head said.
Officials of Reliance Jio Infocomm claimed to have achieved broadband speeds on their networks that are 10-12 times faster than 3G services.
The business intelligence applications in India is poised to grow to $70 million by 2007, registering a compounded annual growth of 29.4 per cent, a report by Frost and Sullivan, a global growth consulting company said.
Reliance Infocomm Ltd has commenced work on setting up its telecom network in Jammu and Kashmir, while the private telephony major is all set to commission its operations in Andaman & Nicobar Islands.
This will be the first time BJP's prime ministerial candidate holds a discussion with IT, telecom czars.
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