Bombay High Court will tomorrow hear a plea filed by various channel broadcasters against TRAI’s direction two weeks ago asking them to publish new channel and pack prices in line new rules issued on Jan 1 this year. UPDATE: Hearing on the matter has been pushed to Friday, Aug 7. On January 1, TRAI had […]
Bharti Airtel, one of India’s top three telecom operators, said it sees no use case for 5G in India right now, given the state of the industry and prevailing spectrum prices, and added that 5G was at least two years away in India. CEO Gopal Vittal’s comment comes less than a month after competitor Reliance […]
Bharti Airtel, which announced a program to partner with cable operators after Reliance Jio acquired Den and Hathway, said it has cracked the best model for the partnership and is planning to rapidly expand the program in the next 6-12 months. Airtel announced its cable operator collaborative program in late 2018, and has been trying […]
Punit Goenka, MD and CEO of Zee Entertainment Enterprises, hinted that his company may follow suit after Sony Pictures Networks shut down some channels due to evolving market conditions. “We constantly re-evaluate our portfolio of content offering that’s out there, whether in linear form or digital form. And we have taken certain decisions in the […]
Tata Motors and JLR’s bet on reviving the original spirit of Land Rover with the Defender brand seems to be paying off, with the first model already notching up enough orders to keep the production lines busy for the rest of the year. Adrian Mardell, Chief Financial Officer of Jaguar Land Rover, called the launch […]
Despite the extreme disruption caused by the COVID-19, Bharti Airtel reported a decent set of numbers for the Apr-Jun period, though the pandemic clearly slowed down the growth of Airtel’s 4G service and exerted pressure on realizations. PANDEMIC FREEZE While the company has been reporting strong increases in the number of 4G users in recent […]
Punit Goenka, the MD and CEO of content maker Zee Entertainment Enterprises, expressed reservations about the possibility of implementing TRAI’s revised tariff order in the current financial year. Responding to an investor query on what impact he saw the implementation of the January 1 tariff order would have on his company’s subscription incomes this year, […]
HT Media Ltd, the publisher of Hindustan Times and Mint, announced that it is buying Mosaic Media Ventures, the company that runs the funding and mergers-and-acquisitions focused website VCCircle.Com, for up to Rs 1 cr in deferred payments. It will also invest up to Rs 6 crore, post working capital adjustments, as a part of […]
Bajaj Auto, one of India’s biggest motorcycle manufacturers, said it is yet to see any down-trading or change of behavior among motorcycle buyers in India due to the COVID pandemic, and that demand is already at 80-85% of normal levels. Speaking to investors and analysts after the company’s quarterly results last week, executive director Rakesh […]
The Telecom Regulatory Authority of India said it is abandoning its voluntary restraint in the implementation of new TV channel pricing rules announced on January 1 as channel broadcasters are taking advantage of the same to push through price increases. TRAI has so far not taken any action against those who did not implement its […]
Tata Communications, a provider of connectivity services to companies and other enterprises, said it has won a ‘Type B’ telecom license in Saudi Arabia to bolster its enterprise offering in the Middle East. Tata Communications is already providing some telecom services in the country, but as a foreign service provider. With the new license, it […]
The amount of money spent by an average SBI Credit Card user fell by 43% to about Rs 24,000 per month during the three months from April to June, but the company still managed to post a higher profit due to higher interest income and lower costs. Compared to Rs 24,000 in the latest period, […]
As the Coronavirus pandemic tightens its grip over the world, Infosys has announced a long-term contract with a billion dollar Germany chemicals maker to provide a managed workspace solution for its 14,300 employees in 33 countries. “Infosys will setup an end-user centric modern workplace with globally standardized device/workplace landscape (for Office, Functional and Virtual users) […]
GTPL Hathway, the country’s second biggest cable feed provider, has been forced to postpone the launch of its hybrid Android set-top-box for the second time after the COVID-19 pandemic hit its supply line. The company had originally planned to launch a new Android-based set-top-box, similar Tata Sky Binge+ and Airtel XStream, on April 1, but […]
In keeping with the recently announced move to decriminalize smaller offences — especially those of a technical or financial nature — Government of India today proposed to remove jail terms for violating Cable TV Networks Regulation Act. At present, the violation of the cable TV Act can result in jail terms of up to two […]
In a shocking announcement, Reliance Jio, India’s largest telecom player, announced that it has developed a fully in-house 5G telecom solution that can be deployed as early as next year. “I have great pride in announcing, that Jio has designed and developed a complete 5G solution from scratch,” Reliance Jio Chairman Mukesh Ambani said today […]
US-based search giant Google will invest Rs 33,737 cr in Jio Platforms, the digital arm of Reliance Industries, Mukesh Ambani, chairman of the Indian group, said today. The US company will pay Rs 33,737 crore to acquire a 7.7% stake in the telecom and app company. Reliance Group has raised Rs 2.12 lakh cr (trillion) […]
Vodafone Idea lost a whopping 63.53 lakh (6.35 million) subscribers in March — one of the highest ever monthly shrinkage of its user base. March 2020 also saw Bharti Airtel lose 12.62 lakh subscribers. During the month, Reliance Jio added 46.88 lakh users, which is comparatively lower than the numbers that the company had been […]
Notwithstanding the looming threat from Reliance Jio, private equity-funded ACT Fibernet has emerged as the fastest growing wired broadband player in India in recent months. For the first three months of 2020, the company added nine times as many fiber broadband subscribers as Reliance Jio and nearly twice as many as Bharti Airtel. Reliance Jio, […]
TCS CEO Rajesh Gopinathan said that the worst of the impact of the COVID-19 pandemic seems to be behind his company, while commenting on the performance of the outsourcing and tech solutions company during the April-June period. During the three months, the company reported a sharp fall in its revenue and profit. Revenue, counted in […]
