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Markets Extend Losses, Sensex Drops 600 Points, Nifty Below 23,000-Mark
Equity benchmark indices, Sensex and Nifty, declined in early trade on Monday, dragged down by losses in Telecom and Industrials stocks amid muted global market trends.
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Telecom Subscriber Base in India Grew Marginally to 1,173.89 Million at June End: TRAI
Telecom subscriber base in the country grew marginally to 1,173.89 million at the end of June on account of new customer additions led by Reliance Jio, sector regulator TRAI said on Thursday. The subscriber base growth was driven by mobile telephony where Reliance Jio added over 2.27 million new customers and Bharti Airtel added 1.4 million custom...
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13 Banks, Telecom Infrastructure Company Face CBI Probe For Corruption
The Central Bureau of Investigation (CBI) has registered a case against GTL Infrastructure Limited and officials of 13 banks, including SBI, ICICI, PNB and Axis Bank, for allegedly causing a loss of over Rs 1,400 crore to banks.
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Vodafone Idea Seeks 30-Day Extension to Pay Rs. 1,680 Crore for Spectrum Auction Instalment
Debt-ridden Vodafone Idea has sought 30 days more time to pay around Rs. 1,680 crore for spectrum auction instalment due on Thursday, a senior company official said on Wednesday. The company has proposed to pay the amount with interest.
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COAI Says Delicensing of Spectrum in 6GHz Band Could Hamper 5G, 6G Rollout in India, Cause Loss to Exchequer
The Cellular Operators Association of India (COAI) has opposed the delicensing of spectrum in the 6GHz band heeding the demand of Wi-Fi service providers to make the 6GHz band freely available in the country. According to the COAI, aside from the spectrum that was put up during the auction, the 6GHz band is the only additional contiguous spectrum a...
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Sensex, Nifty Cut Short 2 Days Of Losses, Settle With Marginal Gains
Benchmark indices Sensex and Nifty cut short two days of losses and settled with marginal gains in a range-bound trade on Monday as IT, oil and gas and telecom shares advanced amid optimism in the global markets.
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Government Approves $11 Billion Revival Plan for BSNL to help deploy 4G, 5G
India's cabinet on Wednesday approved an Rs. 89,000 crore ($10.79 billion) revival package for loss-making Bharat Sanchar Nigam Ltd (BSNL) to help the state-owned telecom operator deploy 4G and 5G services in a market dominated by private players.
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Vodafone Idea Loss Swells to Rs. 7,990 Crore in Q3 Even as Company Posts Increased YoY Revenue
Vodafone Idea reported an increased consolidated loss of Rs. 7,990 crore for the third quarter ended December 31, 2022. The debt-ridden telecom operator’s consolidated revenue, however, increased by 9.29 percent to Rs. 10,620.6 crore from Rs. 9,717.3 crore in the December 2021 quarter.
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BSNL Expected to Achieve Net Profit in FY2026-27: MoS Devusinh Chauhan
BSNL is expected to generate net profit in fiscal year 2026-27, with the implementation of the approved revival measures, MoS for Communications Devusinh Chauhan said in a written reply in Rajya Sabha on Friday. Losses of BSNL were pegged at Rs. 3,589 crore in April-September 2022-23 as it clocked an income of Rs. 9,366 crore and incurred total exp...
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Reliance Jio, Airtel Mobile Users Tally Increased in November, While Vodafone Idea Faces Loss: TRAI
Reliance Jio, Bharti Airtel cumulatively gained nearly 25 lakh mobile subscribers in November, while Vodafone Idea lost nearly 18.3 lakh customers, according to TRAI data. Reliance Jio cemented its lead in the market adding 14.26 lakh net subscribers in November, whereas Airtel added 10.56 lakh users. The top five service providers constituted over...
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Google Parent To Lay Off 12,000 Workers
The job losses affect teams across the company including recruiting and some corporate functions, as well as some engineering and products teams.
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5G Services Started in 50 Towns Across 12 States, Union Territories as on November 26: MoS Communications
5G services in India have begun in 50 towns spread across 14 states and union territories as of November 26, Minister of State for Communications, Devusinh Chauhan said on Friday. The minister was responding to a question on several glitches in 5G services and poor network. 5G network services were launched in India on October 1.
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Vodafone Idea Suffers Subscriber Loss As Jio, Airtel Add To User Tally
India's total mobile subscriber base fell by 3.6 million in September, with Vodafone Idea suffering subscriber count decline even as larger rivals Reliance Jio and Bharti Airtel added users month-on-month, according to telecom regulator's data.
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Vodafone Idea Q2 Loss Widens to Rs. 7,596 Crore, ARPU Rises as Telecom Operator Continues to Lose Subscribers
Vodafone Idea on Thursday reported that its Q2 loss had widened to Rs. 7,596 crore on the back of a decline in subscribers and higher expenses for the telecom service provider. The operator said its subscriber base declined to 234.4 million from 240.4 million in the first quarter, while total expenses rose 10 percent to Rs. 18,302 crore.
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Government Identifies 30 Illegal Telecom Set-Ups for Routing ISD Calls
The Department of Telecommunications in coordination with telecom service providers and law enforcement agencies has cracked down on 30 entities that were routing ISD calls received through internet illegally to mobile and wireline customers in India.
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Markets Extend Losses, Sensex Drops 600 Points, Nifty Below 23,000-Mark
Equity benchmark indices, Sensex and Nifty, declined in early trade on Monday, dragged down by losses in Telecom and Industrials stocks amid muted global market trends.
-
Telecom Subscriber Base in India Grew Marginally to 1,173.89 Million at June End: TRAI
Telecom subscriber base in the country grew marginally to 1,173.89 million at the end of June on account of new customer additions led by Reliance Jio, sector regulator TRAI said on Thursday. The subscriber base growth was driven by mobile telephony where Reliance Jio added over 2.27 million new customers and Bharti Airtel added 1.4 million custom...
-
13 Banks, Telecom Infrastructure Company Face CBI Probe For Corruption
The Central Bureau of Investigation (CBI) has registered a case against GTL Infrastructure Limited and officials of 13 banks, including SBI, ICICI, PNB and Axis Bank, for allegedly causing a loss of over Rs 1,400 crore to banks.
-
Vodafone Idea Seeks 30-Day Extension to Pay Rs. 1,680 Crore for Spectrum Auction Instalment
Debt-ridden Vodafone Idea has sought 30 days more time to pay around Rs. 1,680 crore for spectrum auction instalment due on Thursday, a senior company official said on Wednesday. The company has proposed to pay the amount with interest.
-
COAI Says Delicensing of Spectrum in 6GHz Band Could Hamper 5G, 6G Rollout in India, Cause Loss to Exchequer
The Cellular Operators Association of India (COAI) has opposed the delicensing of spectrum in the 6GHz band heeding the demand of Wi-Fi service providers to make the 6GHz band freely available in the country. According to the COAI, aside from the spectrum that was put up during the auction, the 6GHz band is the only additional contiguous spectrum a...
-
Sensex, Nifty Cut Short 2 Days Of Losses, Settle With Marginal Gains
Benchmark indices Sensex and Nifty cut short two days of losses and settled with marginal gains in a range-bound trade on Monday as IT, oil and gas and telecom shares advanced amid optimism in the global markets.
-
Government Approves $11 Billion Revival Plan for BSNL to help deploy 4G, 5G
India's cabinet on Wednesday approved an Rs. 89,000 crore ($10.79 billion) revival package for loss-making Bharat Sanchar Nigam Ltd (BSNL) to help the state-owned telecom operator deploy 4G and 5G services in a market dominated by private players.
-
Vodafone Idea Loss Swells to Rs. 7,990 Crore in Q3 Even as Company Posts Increased YoY Revenue
Vodafone Idea reported an increased consolidated loss of Rs. 7,990 crore for the third quarter ended December 31, 2022. The debt-ridden telecom operator’s consolidated revenue, however, increased by 9.29 percent to Rs. 10,620.6 crore from Rs. 9,717.3 crore in the December 2021 quarter.
-
BSNL Expected to Achieve Net Profit in FY2026-27: MoS Devusinh Chauhan
BSNL is expected to generate net profit in fiscal year 2026-27, with the implementation of the approved revival measures, MoS for Communications Devusinh Chauhan said in a written reply in Rajya Sabha on Friday. Losses of BSNL were pegged at Rs. 3,589 crore in April-September 2022-23 as it clocked an income of Rs. 9,366 crore and incurred total exp...
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Reliance Jio, Airtel Mobile Users Tally Increased in November, While Vodafone Idea Faces Loss: TRAI
Reliance Jio, Bharti Airtel cumulatively gained nearly 25 lakh mobile subscribers in November, while Vodafone Idea lost nearly 18.3 lakh customers, according to TRAI data. Reliance Jio cemented its lead in the market adding 14.26 lakh net subscribers in November, whereas Airtel added 10.56 lakh users. The top five service providers constituted over...
-
Google Parent To Lay Off 12,000 Workers
The job losses affect teams across the company including recruiting and some corporate functions, as well as some engineering and products teams.
-
5G Services Started in 50 Towns Across 12 States, Union Territories as on November 26: MoS Communications
5G services in India have begun in 50 towns spread across 14 states and union territories as of November 26, Minister of State for Communications, Devusinh Chauhan said on Friday. The minister was responding to a question on several glitches in 5G services and poor network. 5G network services were launched in India on October 1.
-
Vodafone Idea Suffers Subscriber Loss As Jio, Airtel Add To User Tally
India's total mobile subscriber base fell by 3.6 million in September, with Vodafone Idea suffering subscriber count decline even as larger rivals Reliance Jio and Bharti Airtel added users month-on-month, according to telecom regulator's data.
-
Vodafone Idea Q2 Loss Widens to Rs. 7,596 Crore, ARPU Rises as Telecom Operator Continues to Lose Subscribers
Vodafone Idea on Thursday reported that its Q2 loss had widened to Rs. 7,596 crore on the back of a decline in subscribers and higher expenses for the telecom service provider. The operator said its subscriber base declined to 234.4 million from 240.4 million in the first quarter, while total expenses rose 10 percent to Rs. 18,302 crore.
-
Government Identifies 30 Illegal Telecom Set-Ups for Routing ISD Calls
The Department of Telecommunications in coordination with telecom service providers and law enforcement agencies has cracked down on 30 entities that were routing ISD calls received through internet illegally to mobile and wireline customers in India.
