Reliance Jio, the latest telecom company to enter the market, has started its fiber to home operations in Chennai — making the southern city only the third telecom zone to experience the service, after Mumbai and Gujarat. Though the tariff details are not available, a Facebook user has shared the photos of Jio’s invitation letter […]
In the biggest ever foreign direct investment into India, global telecom operator Vodafone has invested Rs 47,700 crore (about $7.11 bln) into its Indian arm. The investment has come days ahead of the biggest ever spectrum auction that India has seen. Vodafone has submitted earnest money of around 2,750 cr to participate in the auction. […]
The government has approved the setting up of National Mission for Clean Ganga in the place of the existing National Ganga River Basin Authority to fast track rejuvenation projects. The authority will have powers to issue directions and also to exercise the powers under the Environment (Protection) Act, 1986 to enable it to carry out […]
Standard Chartered, the UK-based bank, has urged its banking customers in India to change their ATM PIN numbers in light of increasing cases of ATM fraud. “For the security of your account, we would recommend that you visit our ATMs or call our helpline number and change your Debit Card PIN,” the bank said in […]
The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has approved the proposal to extend subsidy support of Rs. 1,250 crore to Bharat Sanchar Nigam Limited (BSNL) from Universal Service Obligation Fund (USOF), but also said no further payments on this account will be provided. The amount is provided as compensation for deficit […]
Whenever companies in a protected market become complacent, disruption is not far off in the form of a revolutionary newcomer. India’s telecom biggies — lulled into complacency with copy-cat products and tariffs — are now undergoing a mega disruption in the form of Reliance Jio’s entry. While Bharti Airtel has responded by cutting its data price […]
Welspun said it believed that two complaints against the company for allegedly using non-Egyptian cotton may or may not be allowed to proceed as class action lawsuits, and are therefore not yet ‘material’. The company was responding to a question by the stock exchanges of India on media reports that alleged that millions of dollars […]
Castrol India said its promoter Castrol Ltd sold 4.22 cr of its shares in the market through open sale today. Shares of Castrol India were up 9% at Rs 459.75 today. Castrol is a unit of UK-based BP Plc. With this, the promoter’s share in the company has come down from 59.4% to 50.9%. Back […]
Jet Airways promoted Jayaraj Shanmugam as its Chief Commercial Officer. Since joining Jet Airways’ in mid-2015 and as Sr. Vice President of Products & Services, Shanmugam has been instrumental in sharpening the organization’s focus towards delivering superior guest engagement experience together with a host of outstanding, innovative initiatives, the airline said. He will be based […]
Reliance Communications Ltd, the telecom arm of the Anil Ambani group, has reported a sharp fall in its active user base (VLR) for the April-June quarter. BEFORE UPGRADE RCom had 93.24 mln active users — going by the company’s visitor location register — for the January-March quarter, before the 4G upgrade began. The total subscriber […]
The following is an updated list of statements on the ongoing tussle between Reliance Jio and Bharti Airtel on the interconnection issue. The two issues statements regularly, and the oldest are given at the bottom, with the latest statements on top. The list is updated as and when new statements are issued by either of […]
Reliance Jio Infocomm said the number of new interconnection points being put in place by Vodafone at its network junctions is “substantially less than the requirement”. Jio was responding to the announcement yesterday that India’s No.3 telecom company will increase interconnect points with the Ambani firm, which has been facing a virtual blockade from the […]
It is customary for politicians to wish people on festivities. Doing so is supposed to give the audience a feeling that the politician connects with them and shares in their joy. However, it is also possible for this to have unintended consequences in a different cultural context. BJP President Amit Shah wished his followers ‘Vaman Jayanti’ (Brahmin […]
Hours after attending a meeting called by TRAI on providing interconnection to Reliance Jio, Bharti Airtel said the new operator’s interconnection related problems should be resolved after January 1, 2017. Bharti Airtel said it expects Reliance Jio to be a ‘commercial telecom operator’ by January 1, after which such problems will no longer plague the […]
Cracking down on incumbent operators’ efforts to block Reliance Jio subscribers from calling their customers, the Telecom Regulatory Authority of India has asked big GSM companies such as Bharti Airtel, Idea Cellular and Vodafone to provide connectivity to the new operator, according to sources. Meanwhile, certain other industry sources said no final decision was arrived […]
Rashi Peripherals, one of India’s largest mobile phone distributors, has announced that the iPhone 7 will be available in the country starting from October 7. “The smart phones will be available at over 1000 retail locations across India,” it said. The device was launched in the US yesterday, at a starting price of $650, or […]
Mukesh Ambani, India’s richest man and the chairman of Reliance Jio has given a rare interview in India’s largest newspaper accusing his telecom rivals of trying to use their incumbent power to violate the law. He said even Reliance Jio employees are having some trouble porting from rival operators to Jio’s 4G network. Ambani’s comments come […]
The National Payments Corporation of India, the country’s answer to VISA and MasterCard, today denied that its systems had been hacked. There were reports in the media that Chinese hackers had made off with data from NPCI servers. However, NPCI pointed out that it stores data only regarding its own products such as IMPS, UPI […]
IT provider Wipro Ltd said Indian government’s Employees’ State Insurance Corporation has withheld payments due to it after the completion of a project, and it will take legal action to recover the amount. The seven-year contract, named Project Panchdeep, was completed on June 08, 2016, and Wipro provided an additional three months of support. “Wipro […]
YES Bank, the newest entrant to India’s banking sector, has turned out to be the most aggressive when it comes to taking advantage of India’s new payment infrastructure called UPI or Unified Payment Interface. While most banks are looking at UPI primarily as a replacement for cash transfer solutions like NEFT and IMPS, YES Bank […]
