Reliance Jio Welcome Offer Extended? Mukesh Ambani to reveal tomorrow

Mukesh Ambani, chairman of Reliance Jio, will unveil a new roadmap for the telecom company tomorrow at 1:30 PM. The new roadmap will include details of the company’s so-called ‘Welcome Offer 2’ as well as details on whether or not existing free users will have start paying from Jan 1 or not. According to our […]

WATCH LIVE: Lenovo K6 Power launch in India at 3 PM today

Flipkart and Lenovo are launching their latest mid-range smartphone, the K6 Power, in India today at 3 PM. The live stream of the even is available on Youtube (see below). https://www.youtube.com/watch?v=URwYoUTiOmk It remains to be seen what specifications of the K6 Power are introduced in India. Globally, it is available in 3G and 4GB versions. […]

Jio has five times as many 4G subscribers as Airtel — report

Reliance Jio has crossed the 5 cr subscriber mark, which gives it a market share of around 10% among cellphone users in the country. Though India has a total of around 80 cr subscribers on paper, due to multiple and dormant connections, the actual cellphone users is estimated to be around the 50 cr or […]

Lenovo to launch K6 Power in India: But Do We Care?

Lenovo, the Chinese smartphone giant that heralded the smartphone revolution in India with its ultra-affordable models like A6000, is all set to release the latest of its K series models — the K6 Power sometime early next week. Does the phone promise anything interesting? Should you hold off on your planned purchase till you get […]

Anil Ambani Group sells 2 TV channels, 59 FM stations to Zee

Subash Chandra’s Zee Group is buying the general entertainment channels and FM radio business of the Anil Ambani group. Because of lock-in provisions, the acquisition of 59 FM radio licenses will be done in two stages. The FM channels are being broadcast under the brand “92.7 BIG FM”, reaching to 45 cities, 1200 towns and […]

Anil Ambani group sells Big Magic, Ganga to Zee Entertainment

Zee Entertainment Enterprises said it is acquiring the General Entertainment Broadcasting Business of Reliance Big Broadcasting Private Limited, Big Magic Limited & Azalia Broadcast Private Limited, all part of Anil Ambani led Reliance Group. The TV Broadcasting business of Reliance Group Entities currently comprises two operational general entertainment channels — BIG Magic and BIG Ganga […]

Airtel starts Payments Bank; offers 7.25% interest on savings ac

Airtel Payments Bank, a subsidiary of Bharti Airtel Limited, today said that it has rolled out a pilot of its banking services in Rajasthan. The pilot is aimed at testing systems and processes ahead of a full scale pan Indian launch. With this, Airtel Bank has become the first payments bank in the country to […]

No Income Tax on FCCB proceeds, SC rules on RCom

The Supreme Court on Monday dismissed the petition filed by the Income-Tax Department against Reliance Communications on taxing of the proceeds of Foreign Currency Convertible Bonds (FCCBs), said the telecom operator. The Supreme Court order has quashed contingent tax liability of RCOM for about Rs 4,800 crore. During Financial Year 2006-07, Reliance Communications had issued […]

MEGA DISRUPTION: RCom makes all VOICE calls FREE at 149 per month

In what can only be called a highly disruptive move, Anil Ambani’s Reliance Communications has made all voice calls in India free for those who recharge with a coupon of Rs 149 per month. The impact of the move will be greater than that of Reliance Jio’s similar tariff, as this tariff is valid on […]

SBI starts accepting UPI payments

State Bank of India, India’s largest bank, has started accepting UPI payments from customers of other banks. However, outgoing payments are yet to be enabled from an SBI account to other accounts. UPI refers to a new way of making instant payments. Instead of entering details such as bank account number and IFSC code, Unified […]

BSNL offers yearly data plan: 80 GB @ Rs 4500, 60 GB @ 4000

To take on competitors like Bharti Airtel and Reliance Jio, state-owned BSNL has come up with a one-year 3G data plan that offers 80 GB of 3G data for Rs 4,498. That translates to roughly Rs 56 per GB with a one-year validity. In comparison, others like Idea and Bharti Airtel also offer similar scheme, […]

Ahead of merger, RCom releases low-cost ISD app in India

Reliance Communications, which will merge its wireless operations with Aircel in the coming months, has released its international calling app Reliance Global Call in India. Somewhat similar to the Jio4G Voice app, the app helps you make international calls using RCom’s network using your data connection. Call rates are as low as Rs 1.4 per […]

Lava sees 30% jump in sales in Q3; to invest Rs 2,615 cr in manufacturing

Lava International, the mobile brand, said its revenue grew 23% to Rs 7,626 crore last year, bucking the general trend seen in Indian telecom handset brands. In addition, the company saw strong growth in sales in the last three months, it said. The total handsets shipped by the company in the three months from July […]

Bharti Airtel merges Bangladesh unit with Robi Axiata

Bharti Airtel Limited announced the completion of the merger of its subsidiary Airtel Bangladesh with Robi Axiata Limited (Robi Axiata), a unit of Axiata Group Berhad. The merger was completed following the fulfilment of the condition precedents to the Agreement and filing of the merger order with the Registrar of Joint Stock Companies and Firms […]

RCom’s voice subscribers fall 30% in one year on VLR count

Anil Ambani Group’s Reliance Communications has seen a sharp fall in its subscriber numbers after the migration of its CDMA network to LTE. According to the latest numbers released by the company, the total number of voice customers fell by 11.6% in the three months from June to September. Voice revenue fell 8.3% from the […]

CASH CRUNCH: Freecharge signs up new merchant every 30 seconds

Snapdeal-owned Freecharge said it is now signing up a new merchant every 30 seconds, possibly a result of the cash-related problems faced by consumers and businesses alike. The company had recently removed sign up charges for merchants and waived fund transfer charges as well. It also offered quick sign-ups as well. “This unbeatable offer led […]

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