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Business & Economics

Hughes, Airtel form JV for sat broadband

New delhi (TIP)- Hughes Communications India Private Ltd and Bharti Airtel have formed a joint venture to provide satellite broadband services in India, the companies said on Wednesday. The combined India VSAT operations of both […]

Business & Economics

Airtel-Telenor merger gets SEBI nod

NEW DELHI (TIP): Telecom operator Bharti Airtel today said it has received the approval of the SEBI, BSE and NSE for the proposed scheme of merger between Airtel and Telenor (India) Communications Private Limited. The Sunil Bharti Mittal-owned company in February had […]

Business & Economics

TRAI FORCES RELIANCE JIO TO WITHDRAW SUMMER SURPRISE OFFER

NEW DELHI (TIP): Reliance Jio on April 6 decided to withdraw its ‘Jio Summer Surprise’ offer after the Telecom Regulatory Authority of India (TRAI) advised the Mukesh Ambani-led firm to withdraw the three-month ‘complimentary’ offer. […]

Business & Economics

Jio crosses 50 million subscriber mark in 83 days

New Delhi, Nov 28 (TIP) Mukesh Ambani-promoted Reliance Jio has crossed the 50 million subscriber mark in less than three months after its full-fledged 4G services launch to emerge as the largest broadband operator in […]

Business & Economics

60% spectrum unsold, govt mops up 66k cr in auction

NEW DELHI (TIP): The government’s ambitious spectrum auctions fell short of expectations, fetching the exchequer Rs 65,789 crore as it could sell only around 40% of the record 2,353MHz airwaves that had been put up […]

Business & Economics

Airtel, Vodafone, Idea not allowing portability: Reliance Jio to TRAI

NEW DELHI (TIP): Reliance Jio has sought the industry watchdog’s intervention over the three main telecom operators — Airtel, Vodafone and Idea — refusing to allow porting of their subscribers to its own network, in […]

Business & Economics

SINGTEL CONSOLIDATES HOLDING IN BHARTI AIRTEL AHEAD OF SPECTRUM AUCTIONS

NEW DELHI (TIP): Singapore Telecommunications (Singtel), the largest shareholder in Bharti Airtel, is consolidating its equity in the country’s top mobile operator by buying out Singapore’s sovereign wealth fund Temasek’s holding for $659.5 million (over Rs […]

Business & Economics

KOTAK MAHINDRA BANK BUYS 19.9% STAKE IN AIRTEL M COMMERCE SERVICES

NEW DELHI (TIP): Kotak Mahindra Bank on Tuesday said that it has bought 19.90% stake in Airtel M Commerce Services Ltd (AMSL) for Rs.98.38 crore to set up a payments bank. AMSL was one of […]

Business & Economics

INDIA STILL A PREFERRED DESTINATION FOR FOREIGN INVESTORS

MUMBAI (TIP): In spite of a lacklustre year for emerging markets so far in 2015, India continues to be a preferred investment destination for foreign investors, buoyed by its growth prospects. The MSCI emerging markets […]

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Idea eyes $1.2bn deal to sell towers

MUMBAI (TIP): Idea Cellular, part of the Aditya Birla Group, is working on a Rs 7,580-crore ($1.2 billion) deal to sell its independent towers, drawing the interests of Malaysia’s Axiata, Bharti Infratel and American Tower […]

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Business & Economics

SC REJECTS TELCOS’ PLEA FOR EXTENSION OF 2G LICENCES

NEW DELHI (TIP): The Supreme Court on May 14 turned down pleas by various telecom companies, including Bharti Airtel, Vodafone, Idea Cellular and Reliance Telecom, for extension of their 2G spectrum licences, which expired in […]

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A mixed Blessing for India

Lower petroleum prices hold obvious advantages for Indian consumers, but a bearish global oil market could also hurt several segments of the country’s economy The Oil Ministers of 12 member states of Organization of the […]

Business & Economics

TATA GROUP IS INDIA’S MOST VALUABLE BRAND: STUDY

NEW DELHI (TIP): The Tata group has retained its place as the country’s most valuable brand at $21 billion, while the total worth of top-100 Indian brands now stands at $92.6 billion, says a new […]

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Business & Economics

Bharti Airtel slumps on Credit Suisse downgrade

NEW DELHI (TIP): Shares of Bharti Airtel slump 3.5% after Credit Suisse downgrades the stock to “underperform” from “neutral” and reduces the target price to Rs 265 from Rs 275, citing competition from rival Rel […]

Other News

IPL 7 SUSPENSION COULD LEAD TO RS 20K CRORE LOSS

NEW DELHI (TIP): With the Supreme Court proposing the suspension of Chennai Super Kings and Rajasthan Royals from IPL 7 over the spot-fixing and betting scandal, India‘s biggest and hottest sports property and BCCI‘s most […]

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Business & Economics

SAFARICOM, AIRTEL BID FOR ESSAR’S YU

NAIROBI (TIP): Kenya‘s two biggest telecoms operators, Safaricom and the local unit of Bharti Airtel, have made a joint bid for the smallest operator, Indian group Essar Communications’ Yu, the industry regulator said. The Communications […]

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Business & Economics

SPECTRUM SALE EXCEEDS EXPECTATIONS

NEW DELHI (TIP): After 10 days of intense bidding, eight telecom companies, including Bharti Airtel and Vodafone India, on Thursday, bought spectrum worth a total of Rs.61,162.22 crore against the government’s estimate of Rs.47,933 crore. […]

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Business & Economics

AIRTEL 3G SUBSCRIBER BASE UP 18%

NEW DELHI (TIP): India‘s leading GSM service provider Bharti Airtel has posted an increase in its data ARPU (Average Revenue per Unit) at Rs 75 in the third quarter of 2014, against Rs 70 in […]

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Business & Economics

BHARTI AIRTEL Q2 NET PROFIT DROPS 29% TO RS. 512 CRORE

NEW DELHI (TIP): Telecom major Bharti Airtel on October 30 reported a 29 per cent decline in consolidated net profit at Rs. 512 crore for the quarter ended September 30, 2013, mainly on account of […]

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Business & Economics

Telcos’ future positive, but near-term pressure on margin to stay

NEW DELHI (TIP): The latest quarterly performance of the three publicly-listed telecom companies — Bharti Airtel, Idea Cellular and Reliance Communications (RCOM) — shows early signs of a pick up in data-driven revenue, helped by […]

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Business & Economics

International calls set to become cheaper on new TRAI rule

New Delhi (TIP): International long distance call charges are set to come down with the telecom regulator introducing a new measure that will intensify competition in this segment. TRAI has allowed telephone users of one […]

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Business & Economics

Tech Mahindra sets up three 4G labs

MUMBAI (TIP): Tech Mahindra has set up three laboratories for Long Term Evolution technology, one in Delhi and one each in Pune and Bangalore. The software services provider, in which vehicle manufacturer Mahindra & Mahindra […]