Betting as a function of pure luck is banned in the country, but games of skill with monetary stakes are not.
To outgoing Vodafone CEO Vittorio Colao, negotiating big deals was an art form, as an international report pointed out after the $130-billion sale of Vodafone's 45 per cent stake in Verizon Wireless, says Nivedita Mookerji.
Your weekly round-up of the top tech news.
Theoretically, 4G promises download speeds of up to 100 Mbps, compared with the speed of 21 Mbps that 3G supports.
Forbes said Prime Minister Narendra Modi's "economic experiments" barely affected India's billionaires while none gained more than oil-and-gas tycoon Mukesh Ambani, who cemented his decade-long hold on the top slot by adding a staggering USD 15.3 billion (67 per cent) to his last year's wealth to become one of Asia's top five richest.
In effect, companies which put their money in telecom in India would have done much better to keep the cash in bank and earn interest.
According to rating agency Fitch, India can in the long run support five-six profitable telecom operators.
The financial year ending Saturday saw such big-ticket events that set the directional tone for the country's business journey.
The amount generated so far is about 86 per cent of what the 3G auction fetched in 2010.
The revival of feature phones in India is driven by low-cost access to the internet, but the 'dumb phones' are learning to get smart and create a niche, says Veer Arjun Singh.
The Supreme Court-appointed Justice Rajendra Mal Lodha panel asked the Board of Control for Cricket in India to accept its reforms before proceeding ahead with the process of awarding the Indian Premier League media rights from 2018 onwards.
ONGC was the top performer while private banking major ICICI Bank extended gains
Markets under pressure; IT financials grab spotlight.
The government will get an additional revenue of 20 per cent from the auction of the 1,800 MHz and 900 MHz bands of spectrum, based on the Telecom Commission's recommendations, compared with those of the Telecom Regulatory Authority of India (Trai).
In the broader markets, the BSE Midcap and Smallcap indices extended gains and were up over 1% each
RJio's aggressive plans will lead to significant impact on listed companies in this space
PM app downloaded 2.5 million times, to see 20-fold growth in user base
But the road map of telecom will be decided by one thing: Whether Jio sticks to its ambitious plan and whether incumbents have enough financial muscle or ability to raise money every year to ensure that Jio does not reach its target, says Surajeet Das Gupta.
Inflation is down, growth is headed for recovery. RIL and subsidiary Jio are on an upswing. However, stressed loans and impending job losses are the dark clouds, says Devangshu Datta.
Telcos have indicated that rates will have to be raised, as higher volumes alone will not suffice to meet the higher costs.
The recognition that content - video in particular - will be the next big thing in the telecom wars requires no rocket science.
DoT had raised the demand on December 22 and asked RCom to pay within a month.
Indian telecom seems to be getting back on its feet.
Private sector investment is likely to improve mildly in H2 of FY17, even though signs from investment data are not encouraging.
The telecom industry is moving towards a five-plus one model.
Nifty is likely to remain under selling pressure unless and until it breach the 7,700-7,720 levels on closing basis.
A year after Bharti Airtel launched 4G services, there are only 6.5 mn users in the country
Telecom tower companies likely to invest around Rs 500 crore (Rs 50 billion) to enhance network.
The freebies are now over, but Jio will need to notch up subscriber numbers and margins to prove its sceptics wrong.
The rally in most of these stocks is partly attributed to impressive financial performance.
With slower than expected growth in smartphone penetration, operators and OEMs are joining hands to provide affordable mobile devices with attractive offers.
Vodafone had contended in its plea that DoT instead of signing and executing the ULs had at the last moment informed them that their request for deletion of 'restrictive' clauses in licence pertaining to roaming cannot be accepted.
RIL has signed an infrastructure sharing agreement with Reliance Communications (RCom, of the Dhirubhai Ambani group) to launch its services.
Jio's disruptive strategy, including free voice services and data at throwaway rates, apart from offering all services free for six months, triggered a consolidation in the telecom sector.
The old guard is still involved in broad corporate decision-making, but quite a few new business heads have started making their mark at the group
The fear of another scam pushed the government into a rather long period of so-called 'policy paralysis'. To play it safe, the price of spectrum in all subsequent auctions was benchmarked to the high 3G rates, says Surajeet Das Gupta.
Mukesh Ambani said the Digital India initiative has the potential to transform the lives of 1.2 billion Indians using the power of digital technology.
Ambani brothers on Wednesday showered lavish praises on Prime Minister Narendra Modi saying, India has now got a decisive and visionary leader.
This is the first time airwaves in 700 Mhz band will be put up for auction
The once-popular brand plans to try its luck in the smartphone market with reliability as its key proposition.
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