If the status is approved for ITI, it will get preference in the supply of technology products required by the defence services.
This has to be one of the most blatant tricks Raja is pulling off.
Signalling both change and continuity, India's new government, headed by Prime Minister Narendra Modi for a third consecutive term, got into work gear on Tuesday with cabinet ministers and ministers of state filing into their respective offices to assume charge.
If accepted, the plan could give the sector Rs 70,000-crore (Rs 700-billion) relief.
The company estimates a Rs 350-400-crore (Rs 3.5-4 billion) revenue potential from the telecom business in the next 4-5 years.
Anil's RCom straddles 2G, 3G; Mukesh has spectrum to operate in 4G.
The Union Budget 2011-12 was a low key affair for the Telecom sector. The Budget did not mention extension of fiscal benefits under the Sec 80IA from 5 years to 10 years.
Responding to queries from the Central Vigilance Commission amid allegations from political parties that Rs 50,000 crore (Rs 500 billion) was squandered in distribution of spectrum, telecom ministry said it had gone by the book and had done nothing wrong.
TRAI may recommend the DoT to levy one-time non-refundable fee of Rs 50,000 per operator for each service area in which they opt for spectrum sharing.
India's telecom industry grew by an impressive 28.59 per cent last fiscal with the subscriber base nearing the 100 million mark aided by cheaper call tariffs.
AIADMK chief Jayalalithaa on Tuesday demanded that Union Communications and IT Minister A Raja resign and face a probe on the 'spectrum allotment scam'.
The ongoing arguments in the case remained inconclusive and would continue on August 5
The government on Wednesday cleared the long-discussed proposal to hike foreign direct investment limit in the telecom sector to 74 per cent from the current 49 per cent, Finance Minister P Chidambaram said after Cabinet meeting.
In Metro circles only Bharti-Mumbai, BPL-Mumbai, Reliance- Mumbai and Tata-Mumbai meet the benchmark.
Indian telecom companies are scouting for acquisitions worldwide as part of an ambitious attempt to establish a global footprint. Moreover, the growth momentum needs to be maintained amid the falling average revenue per user (ARPUs) and expected saturation in the domestic subscriber base.
Indian telecom companies are likely to get a windfall of Rs 100-150 crore (Rs 1 to Rs 1.5 billion) when they announce their first quarter results during this week.
Both Houses of Parliament were adjourned sine die on Thursday, a day ahead of the scheduled end of the Winter session, that saw a security breach in the lower house, suspension of over 140 MPs and the expulsion of Trinamool Congress leader Mahua Moitra.
The acrimonious atmosphere created by increased litigations among service providers was bound to have its impact on the foreign investors, Shourie said during an interaction with telecom industry stalwarts in New Delhi.
Spice Telecom, one of the cellular service providers in Punjab, on Friday announced a 'special ISD offer' for its subscribers in the state, reducing international calling rates from Rs 16 to Rs 3.99 per minute.
RCom and Aircel will hold 50 per cent each in the new company
Global credit rating agency Fitch upgraded outlook for the Indian telecom sector from 'negative' to 'stable'.
The Joint Parliamentary Committee to probe the 2G spectrum issue will look into the allocation and pricing of telecom licences and spectrum from 1998 to 2009.
The Union Cabinet on Friday extended the period of compliance with the conditions of Press Note 5, 2005, by three months to December 31, 2006.
Telecommunication is one of the fastest-growing industries in the world.
Telecom operator Bharti Airtel on Thursday posted a net profit of Rs 1,612 crore for the first quarter ended June 2023, which is nearly flat over earnings in the same period of the previous year. The revenue for the just-ended quarter was 14 per cent higher at Rs 37,440 crore compared to the year-ago period "backed by strong and consistent performance delivery across the portfolio", the company said.
Companies such as Tata Sons and Bharti Telecom, which are unlisted but have listed subsidiaries, may soon have to file periodic financial statements with the registrar of companies under the new provision of the Companies Act. The provision requires greater financial disclosures by a certain category of unlisted companies.
BPL Telecom Pvt Ltd, a part of the Rs 4500 crore BPL Group, on Friday launched its new range of Notebook PCs based on Intel's Centrino Mobile Technology.\n\n\n\n
Continuing its probe in the 2G spectrum allocation scam, the Central Bureau of Investigation questioned two top telecom honchos besides close aides of former Telecom Minister A Raja, including his brother Kalia Perumal. The agency quizzed chief executive officer of Loop Telecom Sandip Basu and chairman of Sistema Shyam Teleservices Rajiv Mehrotra in connection with the scam, official sources said.
Collectively, these companies spent Rs 628 crore (Rs 6.28 billion) on political contributions in the past five years, according to their annual reports.
"The telecom service sector has shown unprecedented growth during 2003-04 mainly driven by intense competition and aggressive pricing," The Telecom Regulatory Authority of India said in a statement in New Delhi.
'The transactions were done in a circuitous route deliberately and most of the companies involved in it are Reliance ADA group firms.'
The Department of Telecommunications is planning to give more powers to the telecom regulator, Telecom Regulatory Authority of India, in the new telecom policy, including the power to impose financial penalties on the erring telecom service providers.
The telecom regulator on March 27, announced its decision to phase out the Access Deficit Charge, which was paid by private telecom service providers to compensate BSNL for offering services in rural areas at subsidised rates. All major telecom players, Bharti Airtel, Tata Teleservices and Vodafone Essar had also welcomed the move.
Sources at the department of telecommunications confirmed that Bharti Airtel has submitted application to bid for airwaves frequencies at pan-India level.
Swan Telecom promoter Shahid Balwa, who along with former Telecom Minister A Raja and 17 others are facing a money laundering case arising out of the 2G scam, on Friday moved the Supreme Court seeking setting aside of a lower court order of framing charges against him.
The government is banking on the second round of spectrum auction and customer-centric moves such as free national roaming to rebuild the telecom sector, impacted by controversies and court judgements that have shaken investor confidence.
India's booming mobile services market will see investments of over Rs 100,000 crore (around $24 billion) by 2010, the fastest investment ramp-up seen in any telecom market globally even as analysts predict a bruising battle that will see tariffs fall sharply.
Despite the increased business risks, the rating agency affirmed Baa2 ratings, three notches down from the highest grade, with a stable outlook for RIL, Moody's Investor Service said in its weekly outlook.
