Reliance Jio, India’s largest telecom operator, has reduced the validity of its long-term recharges from 1 year to 11 months. Other operators continue to offer 1 year validity for their yearly plans. Jio used to offer two yearly plans – one priced at Rs 2,020 and another priced at Rs 1,299. The costlier plan was […]
A government-aided school in Thiruvananthapuram has denied admission to a couple who wanted their kid to choose his own religion after growing up, according to a local media report. “Going by what the principal says, we have to declare a particular religion now,” said Nazeem, the father of the child who was refused admission at […]
Fashion retailer Shoppers Stop said it has shut down 2 of its 91 shops due to lower-than-expected sales and poor profitability. The shops that have been shut down are located at Orion East Mall, Bangalore, and The Grant Mall, Chennai. It said it took the decision “due to lower than expected business” at the two […]
Operating conditions for Indian non-banking financial companies/institutions (NBFCs or NBFIs) have improved slightly in the first two months of 2020, however, uncertainty levels continue to be high for certain segments within the sector such as housing finance and wholesale lending, global ratings agency Fitch said in a note today. “The recent fundraising by a number […]
SpiceJet, the country’s fastest growing low-cost carrier, announced 20 new flights that will lift off from March 29. This will take the total flights operated by the airline to over 620 per day. The new flights connect cities such as Guwahati, Patna, Hyderabad, Varanasi and others (see image for full schedule). The new flights including […]
India Ratings, a unit of Fitch Group, downgraded the credit rating of Vodafone Idea and said it doesn’t see how the company can pay the money sought by the Department of Telecom as directed by the Supreme Court. A bench headed by Justice Arun Mishra has asked companies such as Vodafone Idea and Bharti Airtel […]
Maruti Suzuki has delivered a BS-VI upgrade to its popular WagonR car without implementing a price change, unlike the petrol version. The new, BS-6 compliant WagonR S-CNG Lxi will continue to be available at a price of Rs 5.25 lakh in Delhi, excluding RTO charges. The only other CNG trim, Lxi (O) will continue to […]
Vodafone Idea, one of the top telecom operators in India, is likely to deposit Rs 2,500 cr towards the demands raised by the Department of Telecom related to revenue share under India’s telecom license rules, according to industry sources. The company has been served with a total demand of over Rs 53,000 cr. Meanwhile, Bharti […]
Vodafone Idea, one of India’s top telecom operators, said it is currently assessing “the amount that it will be able to pay to DoT” as directed by the Supreme Court. The company has total liabilities in excess of Rs 50,000 cr on this account. However, Vodafone Idea does not enough resources to pay the amount […]
Even as shares of Vodafone Idea tanked 17% over fears that the company may shut down or file for bankruptcy, the latest numbers posted by the company show that it continues to invest in its network. The correction in the stock price followed a renewed warning yesterday that the company may not be able to […]
Broadcast regulator TRAI has sent a letter to all broadcasters, cable and DTH firms reminding them to take “preparatory activities” ahead of regulatory and pricing changes from March 1. From that day, no channel priced above Rs 12 will be allowed to be sold as part of a package. Cable and DTH firms will also […]
Even as many realty developers struggle to move their stock, Sunteck Realty Ltd has sold over 1,600 apartments at its MaxXWorld township in Naigaon in just two weeks. The MaxXWorld project, which offers homes with 1 to 3 bedrooms, are priced in the range of Rs 30 lakhs to 55 lakhs. The average price of […]
Reliance Jio’s decision to charge 6 paise per minute for outgoing calls to other networks had a massive impact on consumer behavior, according to indications from Bharti Airtel’s numbers and management commentary. Jio had, on October 9, announced that it was withdrawing all plans that came with free minutes to non-Jio networks, and from then […]
Television enthusiasts in India are eagerly waiting to see which DTH provider will benefit from the recent launch of two powerful satellites by the Indian Space Research Organization or ISRO. The two satellites — called GSAT-30 and GSAT-31 — have been launched over the last 12 months. Originally, GSAT-30 was supposed to be placed in […]
The recent changes made to the TV channel pricing rules of India by the Telecom Regulatory Authority of India to the tariff order on January 1 are targeted at dealing with the problems faced by the consumer and balancing the interests of various industry participants, Minister of Information and Broadcasting Prakash Javadekar said today. The […]
Bharti Airtel, the former No.1 telecom operator in India, said it is keen on having a second round of price increases in the year starting April, but can do it only if the rest of the industry follows suit. Airtel said it needs to get more money from its customers to ensure that its investors […]
Bharat Sanchar Nigam Ltd, which is in the middle of a massive turnaround program, has officially asked the government for the allotment of 5G spectrum, according to Sanjay Dhotre, junior minister for communications, Government of India. “Bharat Sanchar Nigam Limited (BSNL) has requested DoT to assign spectrum for 5G services on Pan India basis (except […]
The ministry of traditional medicines at Government of India has hit back at critics who have questioned the medical validity of its recent advisory on countering Coronavirus through herbal medicine. The AYUSH ministry had issued a list of dos and don’ts last week, including items such as ensuring proper personal hygiene, wearing face masks in […]
Government of India today said that its list of public sector companies scheduled to be sold to private entities did not include Bharat Heavy Electricals Ltd. The company, abbreviated BHEL, has with operations in multiple locations such as Bhopal in Madhya Pradesh and Trichy in Tamil Nadu and is India’s largest suppliers of heavy electrical […]
Reliance Jio, the country’s largest telecom operator, has started blocking the ‘sideloading’ of third-party Android apps on its Jio Fiber set top boxes. The operator had recently introduced Android Pie-based fiber set top boxes for its users over the last few weeks, and subscribers soon realized that the box came with two key assets that […]
