Government of India has denied suggestions that India does not have enough spectrum to implement 5G wireless technologies. Replying to a question in parliament, communications minister Ravi Shankar Prasad said India has set apart 275 MHz of spectrum for 5G services. He, however, admitted that Broadband India Forum — a policy think tank headed by […]
Subhash Chandra has resigned as the chairman of Zee Entertainment Enterprises, five days after his group sold another 16.5% stake in the company. “In light of the changes in shareholding, Subhash Chandra has expressed his intention to resign as Chairman of the Board with immediate effect,” the broadcasting company informed. “The Board accepted his resignation […]
Alembic Pharmaceuticals said it has received US FDA nod to sell three generic drugs and formulations in the US with a combined annual market size of over $600 million in the country. All three are based on the core ingredient Deferasirox, which is used to treat chronic drug overload due to blood transfusions in patients […]
India’s junior minister at the Prime Minister’s Office, Dr Jitendra Singh, today said the government was still hopeful of signing a deal to set up a massive, 7.2 GW nuclear power plant in partnership with US-based Westinghouse Electric. Singh, who was responding to a question in the parliament today, said Westinghouse’s bankruptcy delayed proceedings, but […]
Almost 1 cr city-dwellers in India have been sanctioned around Rs 1.5 lakh each under the flagship PM Housing Scheme or PMAY for urban dwellers, with Andhra Pradesh emerging the clear winner in the implementation of the scheme. On average, the single beneficiary was allocated Rs 1.57 lakh. PMAY or PM Awaz Yojana (Housing Scheme) […]
Two major broadcasters, Star India and Sony Pictures Networks, have signed deals with Reliance Jio to place their content apps on the telecom provider’s fiber to the home set-top-box, even as others are in talks to do so. Under the deals, Jio will provide a fixed amount for each subscriber who accesses these apps for […]
On Tuesday night, Reliance Jio — the telecom operator that has made wireless data accessible to crores of Indians for the first time — said it would adopt ‘appropriate increases’ in tariffs over the next few weeks to help generate enough money to fund investments. The comment came in the wake of similar statements by […]
Reliance Jio added 8.6 lakh customers in the first month of its operation, overtaking You Broadband, which has a total of 7.5 lakh customers, in the first month itself. Jio also equaled Hathway Cable’s broadband customer numbers in its first month of commercial operation. At the end of the first month, Jio had one third […]
Following Vodafone Idea and Bharti Airtel, Reliance Jio too has announced that it will increase tariffs over the next few weeks. “We will..take measures including appropriate increase in tariffs in next few weeks in a manner that does not adversely impact data consumption or growth in digital adoption and sustains investments,” the company said a […]
Vodafone Idea, the country’s largest telecom service provider by active subscribers, has issued an appeal on social media urging its partners and customers not to get taken in by ‘fake news’. “Don’t believe fake news. Vodafone Idea Ltd remains committed to all its partners and customers,” the company said in a message posted on its […]
Maruti Suzuki, India’s No.1 car maker, said its SUV-like mini car, S-PRESSO, has crossed the 10,000 unit sales mark within the first month of its launch — an important milestone that puts the model in the top 10 selling cars in the country. The best-selling cars in the country, such as the Swift, moves around […]
Hours after Vodafone Idea announced that it would increase tariffs from next month to tide over acute financial stress, rival Bharti Airtel announced it would follow suit. The two companies have traditionally kept their prices in sync. The move comes in the wake of an unexpected Supreme Court judgment that directed these companies to shell […]
Maruti Suzuki has increased the price of the 1 liter version of mid-size hatchback Wagon R by Rs 8,000, excluding tax in Delhi, on the occasion of the transition to the new BS-VI emission norm. The new car is available from dealers, the company said, making it one of the first BS-VI compliant cars in […]
Brigade Group, one of India’s leading Real Estate Developers, has tied up with Swedish furniture maker IKEA to offer pre-furnished homes in India. “Brigade has set up multiple model apartments showcasing IKEA furnishing options in the home-front including Living/Dining rooms, bedrooms including children’s rooms, kitchens, and bathrooms. “Potential buyers or existing customers can visit these […]
Ravider Takkar, CEO of telecom operator Vodafone Idea, today said the government has been very supportive of his company’s requests for providing some kind of relief for the telecom sector to help it tide over a liquidity crunch. Earlier this month, the Supreme Court ruled that the revenue share payable to the government by telecom […]
PVR Cinemas, India’s largest cinema chain by far, has opened a mega, 12-screen luxury multiplex at Vegas Mall, Dwarka, Delhi. The property, termed as a company ‘flagship’, will take the total screens in Delhi to 62 from 50 and the total number of locations to 16. The Vegas Mall PVR contains one IMAX screen, one […]
Kishore Biyani owned Future Group announced that US-based private equity firm Blackstone will take a 6% stake in its fashion/garments unit, Future Lifestyle Fashions, by investing ₹1,750cr ($250 mln) into Ryka Commercial Ventures Pvt Ltd, the holding company of FLFL, and directly into FLFL. Blackstone joins other groups such as L Catterton, Premji Invest and […]
DD Free Dish, the free direct-to-home service from Prasar Bharati, has bounced back from the impact of the boycott of the platform by major broadcasters like Star India, Zee Entertainment, Sony Pictures and Viacom18, according to industry sources. According to the CEO of a rival DTH agency, the number of subscribers of DD Free Dish […]
Vodafone Idea, one of the top three telecom players in the country, warned that it will be able to continue as ‘a going concern’ only if it is able to obtain relief from the government. Going concern refers to a company that has the ability to continue to operate and does not face the threat […]
Dish TV India, the country’s largest DTH network by number of subscribers, reported a 4.1% decline in its subscription revenue for the July-September quarter as the company showed signs of stabilizing from the twin impacts of a new system of TV channel pricing and a merger with Videocon D2h. Dish TV completed the merger with […]
