A 15 per cent corporate tax rate for services companies in SEZs, setting up a fund for deep-tech startups and establishing clusters to demonstrate design-to-manufacturing capabilities of tech firms were some of the key demands made by the IT sector at the pre-Budget consultation on Monday. The participants shared their views and suggestions regarding Big Data, incentives for encouraging setting up of data centres, fiscal incentives for data localisation, incentives for pushing digital penetration in rural areas, and corporate guarantee to startups for competing with other nations.
China had been trying hard to enter the Indian market, without opening its own to Indian products. There is an economic crisis in India-China relations that the Chennai Connect barely scratched the surface, points out Srikanth Kondapalli.
'When users sign up for free apps and services, they are giving up data. They fail to realise the impact of their data in the public domain, which is something that corporations have been monetising on for some time now.'
It, however, remains to be seen how much money Softbank actually puts in, what the implied equity valuation is and if the e-commerce venture is included in the Jio entity.
Isha and Akash, 23, were appointed to the boards of Reliance Jio Infocomm Ltd and Reliance Retail Ventures Ltd, the company said.
'Vodafone Idea has losses running over Rs 10,000 crore in the last four quarters.' 'It has long-term debt of about Rs 1.15 trillion.' 'Even post-issue, the debt service numbers won't be good,' points out Devangshu Datta.
According to analysts, most of the growth in the smartphone space will come from existing users, who will be lured to upgrade their handsets as new features and technologies turn existing features redundant, says Arnab Dutta.
Infrastructure for all-IP next-generation, wireless broadband infrastructure across all the 29 states in India is being laid, says Mukesh.
Broadband connectivity to villages has been lagging, with delay in laying of an optical fibre network up to gram panchayats
RJio's LYF, Videocon and other smartphone makers to also get notices
When on October 24, the Supreme Court, on a petition moved by the government, ordered payment of past dues according to its new definition of AGR, the country's second-biggest carrier Vodafone-Idea Ltd warned of shut down if no relief is given. The total dues for the industry ran into a whopping Rs 1.47 lakh crore. For an industry that has come from 7-8 operators to just three private players and state-owned fourth operator, the warning by Vodafone-Idea sounded like a death knell.
BSE Midcap and BSE Smallcap indices hit their fresh lifetime highs for the second day in a row
Telecom major Reliance Communications plans to monetise its real estate assets as it looks to pare debt.
Reliance Jio Infocomm Ltd is expected to use between 30,000 and 45,000 mobile towers when it starts offering 4G services in the third or fourth quarter of this financial year, according to Credit Suisse.
The auction will continue on Tuesday as there is still some spectrum left.
The auction will continue on Monday.
The spectrum auction has already generated record amount.
Its plans, to cut tariffs by 40% or offer more data, comes bundled with 1 GB high speed data for 28 days with unlimited voice thrown in.
Engage, don't entice, advises advertising guru Sandeep Goyal.
Data is the new oil, and intelligent data is the new petrol, said Mukesh Ambani
Accumulated sum Rs 31,500 crore in 2015-16
'A perception has been built in our country that whatever Modi says you cannot challenge that.'
Consolidated net debt of Airtel increased by 24 per cent to Rs 97,395.2 crore.
Addressing a press conference in London via Skype, the man, identified as Syed Shuja, said the BJP would have won Rajasthan, Chhattisgarh and Madhya Pradesh elections if his team hadn't intercepted the BJP attempts to hack the transmissions in these states.
Both the indices ended at their highest levels since February 1.
The Harvard alum has known the Yale alum for ages, but hit it off recently.
Falling revenues, increased capex, and first full year of spectrum debt may make things worse
Bulk of these customers use 2G phones and are still focused on voice services and might prove useful for both Bharti Airtel and the Idea-Vodafone combine.
Bharti Airtel called the prices exorbitant while Vodafone Idea wants the auctions take place in 2020. The auctions need to happen when the infrastructure is ready for the roll out, be it in terms of fiberisation levels, or optimisation of equipment and software etc. Spending a hefty amount on a technology (airwaves) that at present offers limited returns is not going to be a priority for the incumbent telcos.
Move comes in view of big debt overhang in two sectors; companies unwilling.
Move comes in view of big debt overhang in two sectors; companies unwilling.
After a two year run-in with controversies, telecom sector now looks stable and seems back on its feet with initial investment proposal of over Rs 11,000 crore (Rs 110 billion) received in 2013.
The deal between Bharti group and Tata Teleservices is yet another example of how swiftly things can change in business.
The IPO is expected to bring handsome fees for the selected banks at a time when billion-dollar listings have become scarce
Laying fibre to home is a cumbersome and a slow process as every building has to be physically wired.
Hails country's recent digital highways and predicted India to become digital content capital of world.
Operators continued aggressive bidding in 900 MHz band
Airtel has pitched for a hike in mobile and data tariffs.
The company is targeting 100 million subscribers in shortest possible time, RIL Chairman Mukesh Ambani said
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