While Ambani, 66, drew nil salary from the company since the 2020-21 fiscal year, other executive directors including his cousins Nikhil and Hital are paid a salary, perquisites, allowances and commission. His three children - twins Akash and Isha (both 31) and Anant (28 years) - will get only a sitting fee and a commission on the profit earned by the firm.
According to a list of UK's 100 most powerful people in technology and telecom sector, published today by the Daily Telegraph newspaper, Sarin won the top slot. Nikesh Arora, internet search giant Google's Indian-origin president for Europe, Mid-East and Africa, is ranked fourth.
Reliance Industries Ltd on Friday reported a 15 per cent drop in its net profit to Rs 15,792 crore for the third quarter, according to a company's stock exchange filing. The net profit of Rs 15,792 crore in October-December 2022 compares to Rs 18,549 crore a year back.
If the apex court decides on a 15-year repayment tenure, it would pose a grave challenge for the debt ridden VIL.
Led by Huawei Technologies and ZTE, Chinese manufacturers are challenging the domination of European equipment-makers by grabbing contracts (some of which are in advanced stages of negotiations) worth over $2 billion in 2008 -- nearly one thirds of the Indian market of around $6 billion.
If 4,000 workers could work round the clock for the construction of the new Parliament building, then there is no reason why all infrastructure projects too cannot follow that model, asserts Dr Sudhir Bisht.
Indian telecom operators are world-leaders in terms of profitability, enjoying better EBIDTA margin than their counterparts in developed countries.
Surprisingly, RIL scrip also fell by 2.73 per cent to 1,029.15, becoming the second biggest loser in the index
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.
MobileFirst, an alliance formed by the second rung cellular operators in India, is mulling a slash in mobile-to-mobile STD airtime rates, in line with an announcement made by Idea Cellular on Saturday.
Large enterprises fuelled by the boom in IT and outsourcing services will drive the demand for telecom services in India, but the country must improve the quality of its corporate data services, IT research firm Gartner said.
We bring you an excerpt from the latest book You're Hired! written by adman and entrepreneur Sandip Goyal and his lawyer-in-the-making daughter Carol Goyal.
Funds will be raised via non-cumulative preference shares issued to Tata Sons on rights basis
'You have to have commitment to both, but it has to be done at the individual level.'
CAG may not be the cure-all for the ills that afflict PPP projects and is perhaps a sub-optimal solution to the problem.
The company will start selling the Rs 800-phone to Asian, African and South Amercian consumers from next month.
More and more women are making their presence felt in jobs related to sciences, technology, and engineering across organisations.
Sustaining a growth momentum in the telecom industry, India added 7.89 million new telephone connections in October, reaching the 250 million subscriber base ahead of target. The government had set a target of 250 million telephone users by the end of December 2007.
Reliance Communications announced a new rate plan - Simply Unlimited Pack - with unlimited talk time on a single monthly recharge for its CDMA pre-paid customers.
From the Sensex firms, Bajaj Finance, Bajaj Finserv, Infosys, Bharti Airtel, Kotak Mahindra Bank, Larsen & Toubro, Mahindra & Mahindra, ITC, Tech Mahindra, Tata Steel, Tata Motors, Titan, Reliance Industries and Nestle were the major winners. Hindustan Unilever, Power Grid, Axis Bank, Tata Consultancy Services, State Bank of India, Asian Paints and Wipro were the laggards.
Just as his father Sunil Mittal ignited a revolution in telecom in India, Kavin is trying to do so in a space that represents the rapid convergence of two industries-the internet and telecommunications.
Reliance Industries Ltd (RIL) chairman Mukesh D Ambani on Wednesday said the latest reforms and relief measures will enable the telecom sector to achieve goals set under the Digital India mission. The Cabinet has announced several reforms for the telecom sector, including redefining adjusted gross revenue (AGR) that will now include revenues earned only from telecom services. The government calculates various levies on AGR. "The telecom sector is one of the prime movers of the economy and the key enabler for making India a Digital Society, I welcome the Government of India's announcement of reforms and relief measures that will enable the industry to achieve the goals of Digital India. I thank Prime Minister (Narendra Modi) for this bold initiative," Ambani said.
Reliance Communications could become a much more formidable opponent.
The revenue of telecom services, including that of cellular, fixed line, national long distance, international long distance, broadband, radio trunking and VSAT services, has risen to Rs 1,30,561 crore, registering a growth of 21.3 per cent, a survey by Voice&Data revealed. Among the services, cellular segment contributed a major chunk of around 59 per cent to the total revenue.
Divestment Secretary Pradip Baijal is all set to become chairman of the Telecom Regulatory Authority of India after his superannuation this month-end with Prime Minister Atal Bihari Vajpayee is likely to clear his name soon.\n\n
Prime Minister Narendra Modi on Saturday inaugurated the 6th India Mobile Congress at Pragati Maidan in Delhi and launched 5G services. The 5G telecom services seek to provide seamless coverage, high data rate, low latency and highly reliable communications system. The three major telecom operators of the country demonstrated one use case each in front of the prime minister to show the potential of 5G technology in India.
Telecom operators are not opposed to over-the-top service providers like Skype, Viber, WhatsApp but looking to work in synergy with them, Bharti Enterprises Vice Chairman Akhil Gupta said on Wednesday.
As per the service licence, three types of charges, including Per Port Transaction charge, which means the charge payable by the Recipient Operator (the operator, where the subscriber is willing to port his number) to the MNP service provider for processing the request, are applicable in case of MNP. The second charge is porting charge -- the charge payable by the subscriber for porting his number -- and the third is dipping charge.
Over the past 18 months, the number of caller tune subscribers, each paying Rs 30 a month for the service, has fallen from 100 million to 55 million.
From crisis leaders to future Goliaths, India Inc saw them all in 2017, says Shailesh Dobhal.
Telecom Secretary J S Deepak has resolved the toughest issues facing the sector, but his real test will be in delivering on the govt's Digital India dream
India and the US on Friday said they have started talks to put in place a strategic framework for human space flight by year-end as they plan to send an Indian astronaut to the International Space Station in 2024.
Telecom operator Bharti Airtel on Tuesday posted a 49.2 per cent jump in its consolidated net profit to Rs 3,005.6 crore for the January-March quarter of 2022-23 on the back of new 4G customers and strong growth in average revenue per user (ARPU). The company had recorded a net profit of Rs 2,007.8 crore in the same period a year ago. Bharti Airtel's consolidated revenue from operations grew by 14.31 per cent to Rs 36,009 crore during the reported quarter from Rs 31,500.3 crore in the March 2022 quarter.
Reliance Jio Infocomm is the only company which had in 2010 won a pan-India spectrum for 4G services but is yet to start commercial services.
Reliance Industries Ltd will invest Rs 75,000 crore in rolling out 5G mobile telephony services, expanding retail network and setting up renewable energy capacity in Uttar Pradesh in the next four years, its chairman Mukesh Ambani said on Friday. Ambani also announced foray of the oil-to-telecom conglomerate into bio-energy business, converting agriculture waste into gas which can be used as fuel in industries, run automobiles or light kitchen stoves. Speaking at the Uttar Pradesh Global Investors Summit 2023 here, Ambani said his group will set up 10 GigaWatts of renewable energy capacity and roll out 5G services across the state in the next 10 months.
