Senvion SE will give Suzlon licence for off-shore technology for the Indian market.
Billionaire Mukesh Ambani on Wednesday pitched for using the USO Fund to subsidise smartphones for select groups to help penetrate the digital revolution and said India should make the rollout of 5G or the fifth-generation technology standard for broadband cellular networks a national priority. As much as 5 per cent of the licence fee paid by telecom operators goes to the Universal Service Obligation (USO) Fund, which was set up in April 2002 for achieving universal service objectives by providing access to telephone services in rural and remote areas and creation of infrastructure for mobile services and broadband in these areas. However, according to the CAG, less than half of the funds so collected are transferred for the said purpose.
Pakistan's defence ministry on Wednesday filed a complaint before the media regulatory authority accusing the Geo News channel of indulging in anti-national activities by smearing the image of intelligence agency Inter Services Intelligence.
In a jolt to Internet service providers, telecom tribunal TDSAT on Tuesday upheld the government decision that virtual private network offered by them was not part of their ISP licence
On production capacity of Covishield, the vaccine being manufactured and supplied by Serum in India under a licensing agreement with Oxford and AstraZeneca, he said the present capacity is 130 million doses per month and always try to increase it further.
The regulator has also agreed to the one-nation, one-licence proposal, which will make roaming free across the country. But it wants to decide the modalities of the issue.
Chinese tech unicorn ByteDance co-founder billionaire Zhang Yiming on Thursday announced that he will step down as CEO, in a surprise move that signalled a major leadership shake-up at the nine year-old technology firm which created popular global short-video app TikTok. Zhang, 38, who is one of China's wealthiest entrepreneurs, said he is ready to step down after nearly a decade of running the world's largest unicorn, becoming the latest among the country's technology founders to quit in their prime. Zhang will step down from his role as CEO of the Beijing-based ByteDance, giving up his day-to-day responsibilities to "be more impactful on longer-term initiatives," the Hong Kong-based South China Morning Post quoted the company announcement on Thursday.
The private cellular operators have asked the Telecom Regulatory Authority of India to consider fixing the annual licence fee at 6 per cent across all segments, as part of full unification of telecom services.
Lifting restrictions on airing news and current affairs and permitting licensees to own multiple licences are among a host of issues Trai has put up in its first consultation paper on FM radio privatisation on Wednesday.
Its order also includes a direction for the channel to broadcast a statement of Ofcom's findings on a date and in a form to be determined by the watchdog and also for KTV not to repeat the music video or the discussion programme found in breach of its rules.
The Delhi circle licence will be available in the efficient 900 MHz spectrum, which is why Videocon is interested.
The recommendations on the subject will be sent in due course to the government, according to an internal communication of DoT
Cellular industry's hopes for a compensation in lieu of unified licence may be dashed with the Telecom Regulatory Authority of India finding no merit in it since the cellular operators have already been given sops over Rs 30,000 crore.
The absence of a transparent telecom regulatory environment not only makes life difficult for service providers, but also impacts investors' confidence in the sector, a senior Bharti Airtel official said.
Telecom regulator Trai on Monday recommended about 39 per cent reduction in the reserve or floor price for the sale of spectrum for mobile services, including the latest 5G offering, as it looked to match revenue expectations with the industry's paying capacity. With large swathes of spectrum remaining unsold in the last two auctions, the Telecom Regulatory Authority of India (Trai) recommended to the government for selling airwaves in all existing bands of 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz, 2500 MHz and new slots of 600 MHz, 3300-3670 MHz and 24.25-28.5 GHz. It has suggested a lower reserve price for all bands, compared to the prices proposed in the previous recommendations in 2018.
Telecom operators can look forward to offering all telecom and broadcasting services, including cable TV, DTH, STD, ISD and radio, through a single licence by paying a one-time fee of Rs 107 crore (Rs 1.07 billion).
The basic telecom operators accused Trai of not following the process of transparent consultation on matters as significant as amending the licence terms of one set of operators, and urged the government not to implement Trai's recommendations.
The sale will be quicker if an Indian private bank buys it; it will take longer for regulatory clearances if a foreign bank or an NBFC buys it, points out Tamal Bandyopadhyay.
Virtual currencies don't have any intrinsic value and are not backed by any kind of assets.
The Telecom Regulatory Authority of India (Trai) on Monday proposed a high reserve price for telecom spectrum to be auctioned, at nearly Rs 3,622 crore (Rs 36.22 billion) per MHz in the 1,800-MHz band (for GSM services).
Reliance Industries on Friday said that their offer of roaming facility across 673 cities on WLL phones was "well within the licence conditions" and the company has communicated this to Telecom Regulatory Authority of India.
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The inter-ministerial body will take the final decision on October 29 taking into account Trai's reply.
Prosus-backed fintech firm PayU is set to acquire India's earliest payment gateway BillDesk in an all-cash transaction of $4.7 billion. This will be the largest acquisition in India's digital payments space. The deal will also give exit to investors General Atlantic, TA Associates, Temasek, Clearstone Ventures, and Visa. The proposed acquisition will help PayU, the payments and fintech business of Prosus which operates in more than 20 markets, become one of the leading online payment providers globally by total payment volume (TPV).
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.
After the Reserve Bank of India restricted the Sri Guru Raghavendra Co-operative Bank from doing business with immediate effect and capped the withdrawal limit at Rs 35,000, depositors on Tuesday queued up outside the bank's branches in Bengaluru. The regulatory body said the bank will continue to undertake banking business with restrictions until its financial position improves.
Zomato has the potential to be an equally important milestone for Indian equity markets, notes Akash Prakash.
Rocket Boys offer an overwhelming experience to me and many others who saw Homi Bhabha in action at Trombay, observes Dr K S Parthasarathy, former Secretary, Atomic Energy Regulatory Board.
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.
TRAI said the two companies failed to fulfill roll-out obligations and their merger was in violation of rules.
The Supreme Court on Friday issued notice on a petition filed by Telecom Regulatory Authority of India challenging an order of TDSAT holding that the regulatory body had no authority to adjudicate on disputes raised by a service provider.
The Department of Telecommunications (DoT) will finalise its internal view on the Telecom Regulatory Authority of India (Trai's) recommendations, which was given in May last year, on mergers and acquisitions, spectrum allocation, spectrum sharing and other licencing aspects by the end of this month, a senior official from the department said.
While smart boys like the Ruias of Essar, Ajay Piramal, Max India promoter Analjit Singh laughed all the way to the bank, the Tatas, Anil Ambani, Malaysian tycoon T Ananda Krishna of Maxis (which invested in Aircel), Sistema, and Norway's Telenor burnt their fingers, notes Surajeet Das Gupta.
In a development that may help jailed former Telecom Minister's A Raja's defence in court, the telecom regulator has informed the CBI that Trai did not recommend the auction of 2G spectrum in 2007, implying that there was no loss to the exchequer in the award of licences.
Reliance Infrastructure (R-Infra), an Anil Dhirubhai Ambani Group company, is on the warpath with the state electricity regulator. Stung by the Maharashtra Electricity Regulatory Commission's (MERC's) decision to invite expressions of interest (EoIs) for the distribution of power to Mumbai's suburbs, R-Infra is examining the possibility of legal action.
India may adopt norms similar to the US Federal Reserve model, which regulates conglomerate-led banks in the country.
