Bharat Heavy Electricals Limited said it won its most valuable contract to set up a 765 kilovolt sub station. The Rs 350 cr contract was won from Powergrid as part of its Medinipur-Jeerat Transmission project. “This is the largest value 765kV Substation project order for BHEL so far. With this, the company has maintained its […]
Bharti Airtel said its home broadband users will get to carry over all unused data benefit to the next billing cycle up to a limit of 1,000 GB. “This is a first of its kind innovation in the fixed home broadband segment in India. The ‘Data Rollower facility will ensure that Airtel home broadband customers […]
Vodafone has come forward and allowed users of Reliance Communications to use its network if they want to generate their MNP code. The MNP code so generated can be used by the RCom subscriber to port to any operator in India, including Vodafone. This will help those Reliance Communications’ customers who are unable to generate […]
Reliance Communications said it is in talks with several parties, including Brookfield Asset Management, to sell its tower assets. “The Company is renegotiating the tower transactions with all the interested parties including Brookfield Infrastructure Group,” it said. The clarification comes after reports that Brookfield had withdrawn from the tower deal completely sent RCom’s shares plunging […]
If there are people who expect data prices to rise substantially in the next one year, they are probably not working at Bharti Airtel. India’s biggest telecom firm by revenue has unveiled long-term recharges that allow users to lock in the current cheap prices for up to a year. Airtel’s new 1-year mega pack — […]
Reliance Industries said it would raise Rs 5,000 cr from the debt market by issuing debentures on Wednesday, November 8. The debentures issued will not be convertible to equity shares and will be sold privately (private placement) without a public offering, RIL added. Unlike shares, debentures generate a fixed return in the form of interest. […]
Star India, India’s biggest broadcasting company, has threatened to pull out its channels from Tata Sky, India’s biggest distributor of television content. Tata Sky is a joint venture between Tata Group and Rupert Murdoch’s 21st Century Fox, which also owns Star India. Unlike in case of Star, Fox owns only a minority stake of around […]
Hathway Digital said it has started rolling out fiber-to-the-home services in congested areas, and also reported a strong increase in data use after slashing prices and increase quotas. For the three months ended September, an average consumer on Hathway Broadband increased her consumption to 98 GB per month, or 3.2 GB per day, from 78 […]
Tata DoCoMo has started reaching out to customers to prevent them from leaving the network in droves, ahead of a takeover of the mobile operations by Bharti Airtel. Subscribers of Tata DoCoMo, a brand operated by Tata Teleservices, had started porting out last month soon after newspaper reports claimed that it would shut down services […]
IT services provider Cognizant seemed all set to clock the upper end of its full-year guidance for calendar year 2017, raising the lower-end of its forecast once again. The company, which had changed its revenue growth forecast for 2017 to 9-10% from 8-10% last quarter, further fine-tuned it to 9.5%-10.0% this time. It now expects […]
IT services provider Tech Mahindra Ltd reported a 3.7% sequential jump in Q2 revenue and a 4.7% jump in net profit. Revenue increased to Rs 7,606 crore, up 6.1% YoY, while net profit increased to Rs 836 crore, up 29.7% YoY. Revenue in dollar terms was up 3.6% QoQ at $1,179.2 mln; up 10.0% YoY. […]
Google has opened its first data center for third-party cloud services in India at Mumbai. This will enable developers to host their applications, websites and other IT projects within India, enabling faster response times for their customers in the country. Before this, the closest location was Singapore. Google offers various services, such as virtual servers, […]
Reliance Communications could ink more spectrum selling and sharing agreements with Mukesh Ambani-controlled Reliance Jio, Fitch Ratings said, adding that the Anil Ambani company would end up as a mobile virtual operator after its ongoing restructuring. Rcom “plans to monetise spectrum assets in the 800MHz, 900MHz, 1800MHz and 2100MHz bands by sharing and trading with […]
Reliance Communications said it the company’s board has approved the issue of fresh shares in the company to the shareholders of Sistema Shyam Teleservices Ltd, which operates the MTS brand of telecom services in India. RCom’s merger with MTS received the government’s approval a few days ago. Since companies in India can get an extension […]
Bharti Airtel, India’s largest telecom company by revenue, reported further erosion in its revenue and profit in September quarter compared to the previous June quarter. The company reported revenue of 21,777 cr, down 12.3% compared to a year ago and down 0.8% compared to the previous three months of April to June. Profit before exceptional […]
Bharti Airtel, India’s largest telecom company by revenue, reported further erosion in its revenue and profit in September quarter compared to the previous June quarter. The company reported revenue of 21,777 cr, down 12.3% compared to a year ago and down 0.8% compared to the previous three months of April to June. Profit before exceptional […]
Bharti Infratel, the tower arm of Bharti Airtel, said it has decided to explore the possibility of buying out the stakes of Idea Cellular and Vodafone in rival tower company Indus. Bharti and Vodafone currently own about 42% each in Indus, while Idea holds about 11%. As a result, anyone who buys the stakes of […]
After Karbonn, Bharti Airtel has now tied up with Celkon to offer a full touchscreen 4G smartphone at an effective price of Rs 1,349 and an upfront cost of Rs 2,849. The partnership is part of Airtel’s ‘Mera Pehla Smartphone’ initiative. It had announced a similar offer in association with Karbonn two weeks ago. The […]
HCL Technologies, one of the top five Indian IT services companies, said it has tied up with Red Hat — the biggest open source software company — to offer Linux-based virtual infrastructure for companies. Under the product, clients will be able to lease cloud computing infrastructure from HCL that are more efficient that traditional cloud […]
Tata Consultancy Services, the country’s largest exporter of services, said it has successfully implemented a cloud transformation of Malaysia Airlines, making it the world’s first full-service airline to migrate fully to the cloud. Cloud transformation refers to the replacement of packaged software — which is installed at users’ computers — by a single copy or […]
