Quess Corp, a provider of logistical, staffing and infrastructural solutions to businesses in India, said it has entered into an agreement with international e-commerce giant Amazon.com relating to investment in and operations of an electronics aftersales company. Though the finer details of the agreement were not revealed, the agreement could be aimed at diversifying the […]
The ‘Law Reforms Commission’ set up by the Kerala government two years ago has come up with a draft anti-superstition bill that will target those superstitions that cause ‘bodily harm’ and are not part of an established religion. The draft was prepared on the request of the Kerala government. The draft law will target ‘freelance’ […]
Bharti Airtel is all set to buy the promoter’s stake in Dish TV, Business Standard reported, quoting unnamed sources. The report seems to confirm what has only been informally known in the circles. The report said that Bharti Airtel, which operates rival DTH platform Airtel Digital, is likely to offer Rs 45-50 per share to […]
India has missed its solar power target by a whopping 58% in the year gone by, according to the latest numbers from the ministry of renewable energy or MNRE. India was supposed to add about 16,000 megawatt (16 gigawatt) of fresh solar power generation capacity in the year ended March 2019. However, it added only […]
The government of India is exploring legal options to see if it can get back the spectrum assigned to bankrupt telecom operator Reliance Communications, telecom minister Ravi Shankar Prasad said. Anil Ambani-owned Reliance Communications has three types of spectrum — GSM spectrum in the 1800 MHz band that it got along with its license, spectrum […]
Bharat Sanchar Nigam Ltd, the state-owned telecom operator, is likely to take loans of around Rs 6,100 cr this year, on top of the Rs 6,500 cr it took in the year ended March. According to the ministry of communications, BSNL has sought permission to borrow Rs 3,306 cr from the market to buy equipment […]
The total number of 4G base stations in India has more or less doubled in the last 18 months to 1.26 million, according to numbers from the Department of Telecom. Against 6,76,462 4G base stations as of December 1, 2017, India had 12,62,841 (1.26 million) 4G base stations as of June 1, 2019. During the same […]
Government of India plans to give 4G-suitable spectrum in three LTE bands to BSNL and MTNL as part of a plan to revive their operations, Minister of Communications Ravi Shankar Prasad announced on Thursday. Prasad said the two public sector companies have requested spectrum in the 800 MHz, 1800 MHz and 2100 MHz bands to […]
Bharti Airtel has made ring-back tones or caller tunes free for anyone with a monthly plan of Rs 129 or above. The service used to be charged at Rs 36 per month and lets users specify a song or sound-track of their choice for callers to hear, instead of the regular brr brr. The move […]
Bharti Airtel today said it has become the first telecom operator to launch 4G services in Lakshadweep, a group of islands off the coast of Kerala. The company has launched its 4G network on the islands of Agatti, Bangaram and Kavaratti. “It will be gradually expanded to other islands of the archipelago,” it promised. It […]
Adani Australia said it will start ramping up mining activity at its Carmichael mine in Central Queensland, Australia over the coming days as it has received the final environmental approval for the project. The mine can produce up to 60 million tons of coal per year, but the company will produce only 27.5 million tons, […]
Eros International Plc, listed on the New York Stock Exchange, denied short-seller allegations about financial misappropriations at the the India-based content aggregation company said it was also working with CARE Ratings to address their concerns. It also announced a $20 million (Rs 138 cr) share repurchase program. The company’s stock also took a knock last […]
UltraTech Cement Limited, the largest manufacturer of grey cement, white cement and ready-mix concrete in India, said it plans to increase the contribution of green energy to 25 per cent of its total power consumption by 2021. More than 10% of the total power will come from renewable energy sources, it added. This will mean […]
Bharti Airtel said its unit Airtel Africa has “informed it of its intention to proceed with an IPO” that could raise up to $863 million. The IPO will be sized at $750 million, with a greenshoe option of 15%. Greenshoe option refers to the facility given to the underwriters to an IPO to buy extra […]
SoftBank Corp., one of the top telecom firms in Japan, has selected Nokia as “a strategic partner” to roll out its 5G network. The move is significant as non-Chinese companies, including Nokia and Ericsson, are generally seen as more expensive compared to Chinese players like Huawei and ZTE. Due largely to this price differential, Huawei […]
While the Left Front was expected to lose Hindu votes due to the Sabarimala issue, a closer look at voting numbers from Kerala reveals that Sabarimala hit both LDF and UDF, but the UDF was able to sail through with increased support from minorities. Even as Hindu voters shifted their votes to the BJP to […]
The Securities Appellate Tribunal has stayed an order by the stock markets regulator imposing strict restrictions on stock broker Way2Wealth in the ‘NSE leased line’ case. The Securities and Exchange Board of India had, two weeks ago, imposed penalties and restrictions on several parties, including the National Stock Exchange, for facilitating or indulging in unfair […]
Wipro Ltd said it has helped deploy a new information technology system to kick off the digitization of the currency in Thailand. The achievement marks a small, but crucial step in what many consider the inevitable evolution of money into a more convenient digital format. DIGITAL PAYMENT vs BLOCKCHAIN At present, digital money is handled […]
Bharti Airtel said it will merge its VSAT business with the VSAT business of Hughes Communications India Ltd, with HCIL holding a majority stake in the resulting business. VSAT refers to the provision of data services using satellites, and is used extensively by banks and ATMs. “The combined entity will be able to introduce new […]
DTH players who tried to ‘lock in’ their customers via long-term packs before the introduction of TRAI’s new tariff order seem to have instead ended up in a trap after the regulator ordered them to honor their earlier long-term plans. A prominent DTH operator, which was calling up customers with attractive yearly offers just before […]
