Bharti Airtel and Amazon will offer Rs 2,600 cash back over a period of three years for anyone who purchases any of the 65 smartphones exclusively available on Amazon. However, they must make Airtel recharges of Rs 7,000 over a period three years, or about Rs 200 per month. Customers have to buy any of […]
Reliance Jio Infocomm Ltd said it has tied up with Israel-based Screenz to offer interactivity and ‘play along’ features for television programs in India. With the help of the offering, television channels can keep their viewers engaged on a realtime basis using smartphone apps. Jio has already deployed the concept for the quiz show Kaun […]
The Supreme Court has intervened in the decision by the Karnataka governor to invite the Bharatiya Janata Party to form the next government and asked the BJP to produce the letters it wrote to the governor. A bench of Justices AK Sikri, SA Bobde and Ashok Bhushan refused to pass any order staying or stopping […]
Delhi Police has dropped its initial charge of murder against politician Shashi Tharoor in its final chargesheet in the Sunanda Pushkar murder case. Instead, the police has gone with ‘abetment to suicide’ and ‘cruelty’ towards spouse. Initially, the police had started investigations on the basis of an FIR mentioning murder and section 302, but the […]
CyberMedia Research, the market research arm of the CyberMedia publishing group, has predicted that the $16 bln acquisition of Flipkart by WalMart, the world’s largest retailer, will bring far-reaching changes in India’s retail sector, both online and offline. The news of the deal has already led to some response from offline retail players such as […]
Reliance Jio has unveiled a new, low cost postpaid or contract plan under which it offers 25 GB of data with no daily limits and unlimited voice and data for Rs 199 per month. The plan is priced at about half that of competing offers from rivals like Bharti Airtel and Idea Cellular. The plan […]
Zee Entertainment Enterprises Ltd, the largest Indian-owned media company, reported a strong quarter of advertisement growth in Jan-Mar, benefiting from a bounce-back from the lows of demonetization last year. Advertising revenue for the Jan-Mar quarter rose 24% on year to Rs 1,050 cr. With this, full-year advertising revenue growth has recovered to 14.5%. Subscription revenue […]
Hindustan Media Ventures, which publishes Hindustan, the Hindi newspaper from the Hindustan Times Group, continued to report a deterioration in its financial performance in Jan-Mar, in keeping with a negative trend in the print newspaper industry. The company’s consolidated operating revenue for January-March fell sharply by about 14% compared to the same three months of […]
Two Congress Party MPs refused to proceed the with their petition in the Supreme Court on the impeachment of the Chief Justice after the judges refused to share the order passed by the Chief Justice of India on the matter. The Chief Justice of India had, last evening, taken up the matter and allocated it […]
Idea Cellular slashed its employee costs by nearly 40% in the three months from January to March this year, and also reduced several other items of expenditure in a successful attempt to protect its margins from the impact of falling revenue. As a result of the heavy cost cutting ahead of its merger with Vodafone, […]
Bharti Airtel CEO Gopal Vittal said he has seen “some bottoming out” of the company’s revenue trends during the Jan-Mar quarter of 2018, but that it was too early to call the bottom as far as average revenue per user is concerned. Bottoming out refers to the process of hitting the lowest point in a […]
Bharti Airtel CEO Gopal Vittal said his company’s DTH service, Airtel Digital, will continue adding new HD channels and was not facing any capacity constraints in this regard. Addressing investor queries after the company’s quarterly results announcement, Vittal said Airtel Digital has around 75 HD channels as of now. “We will be beefing up HD […]
Anil Ambani today praised his son Anmol Ambani for bringing about a “cultural change” in his business group, and said the 26-year-old has been added to the director boards of two more of his group companies. Anmol Ambani will join the director boards of Reliance Nippon Life Asset Management and Reliance Home Finance. It was […]
Bharti Airtel announced the much-anticipated merger of its tower subsidiary with Indus Towers, a three-way tower venture controlled by Bharti Airtel, Vodafone and Idea Cellular. Indus Towers is currently jointly owned by Bharti Infratel and Vodafone, who own 42% each, Idea Group (11.15%) and Providence Equity Partners, who hold4.85%. Bharti Airtel and Vodafone Group will […]
Bharti Airtel was able to prove wrong all those who predicted that it will post its first quarterly loss in 15 years, as its non-mobile business such as enterprise and tower unit more than made up for the losses from its mainstay wireless telecom operation. The company’s India mobile operations did indeed post an operating […]
Jiophone sales are rising fast and could start affecting the growth rates of rival telecom companies once the churn effect of fleeing Aircel subscribers gets over, analysts from financial services firm Credit Suisse said. Analysts Sunil Tirumala and Viral Shah said trends indicated that the Jiophone is contributing about 7 mln out of the 8-9 […]
Bharti Infratel, the telecom tower company from the Bharti group, reported a modest 4% growth in sales and 2% improvement in net profit due to a loss of tenancies as well as increasing fuel costs. The company’s revenue rose 4.2% on year to Rs 1,673 cr in the fourth quarter, which, however represented a decline […]
Reliance Industries said it was not aware of any inquiry into the funds received by entities connected with it or its promoters from Singapore-based Biometrix Marketing. It also said, as far as it was aware, that the Income Tax Appellate Tribunal “was satisfied with the source of funds”. The clarifications came after report by the […]
Bharti Airtel said it will now give 30 GB of free 4G data to any of its existing customers who upgrade to a 4G phone from a 2G or 3G device. Prepaid customers will get 1 GB data every day for 30 days over and above any pack they charge with, it said. Postpaid customers […]
Cyient, formerly known as Infotech Enterprises, said it will form a joint venture with Israel-based BlueBird Aero Systems to manufacture drones for security use in India. The joint venture will be called Cyient Solutions & Systems Private Limited and will have 51% shareholding by Cyient. BlueBird Aero Systems, said the Indian company, is a specialist […]
