Reliance Jio

Telcos to bleed further as GST council rejects request for Input tax credit refund

The Indian Telecom sector is on the brink of collapses due to stiff competition and high dues to the government.

18 days ago

Government blinks, may slash license fee for telecom operators

The reduction in license fee is expected to save to the three major telcos a combined amount of Rs 4,000-5,000 crore annually.

24 days ago

Why is Centre preventing Reliance industries to sell stakes to Aramco

The government sought restriction on the deal citing the failure of the two companies to honour their payment under a $4.5-billion international arbitral award in the Panna-Mukta and Tapti (PMT) production-sharing contracts.

26 days ago

Here's why high spectrum pricing may affect India's march towards achieving 5G goal

Although the DCC's decision will need approval from the union cabinet, if the auction is conducted as per the current rates, there is a possibility that the telcos may not even participate.

26 days ago

Telecom sector employees seek opportunities outside amid mounting losses

One of the recruiting consulting firms has received around 7,000 profiles of Vodafone Idea and around 5,000 at rival Bharti Airtel

Dec 16, 2019

Market today: Nifty, Sensex gain ahead of expected interest rate cut

Nifty has risen 7.7% and Sensex has gained 8.43% since the last rate cut in October, mainly due to measures such as reducing the corporate tax rate and expectations of more stimulus.

Dec 5, 2019

Mobile phone service rates revision: How much will your monthly bill go up?

As telecom service providers Reliance Jio, Vodafone Idea and Bharti Airtel announce rate increases your mobile phone bills may go up at least 40%; government says the increase will not hurt the customers

Dec 3, 2019

After $13 billion levy ruling, future of India's tattered telecom sector hinges on government aid

Vodafone Idea Ltd, India's biggest carrier by user numbers, is widely regarded as most on the ropes, with parent Vodafone Group calling the situation "critical" after the unit was saddled with about $3.9 billion in fresh payments due.

Nov 28, 2019

Will Mukesh Ambani's move to head off Airtel bid for Anil Ambani's assets fail?

Jio and Airtel are eyeing Reliance Communications' assets that include spectrum, towers, fibre network and real estate, heating up telco wars further.

Nov 26, 2019

Sensex hits life-time high of 40,816, Nifty tops 12K; Reliance, PSU energy stocks gain

The NSE Nifty 50 index rose 0.6% to 12,014, while the S&P BSE Sensex gained 0.4% to 40,638.7.

Nov 20, 2019

Vodafone Idea, Airtel announce hike in call and data rates from December 1

The amount of hike in the charges have not been confirmed; it could go as high as 30-45% in the near term and more than 300% from the existing rates over the next two years.

Nov 19, 2019

Vodafone Idea to shut shop? Aditya Birla group refuses to inject fresh equity

The development has come days after Vodafone Group CEO Nick Read showed his frustration on the scenario in the Indian telecom sector.

Nov 14, 2019

Will Mukesh Ambani let rival Sunil Mittal's Airtel grab brother's RCom assets?

Telco wars worsen as Bharti Airtel bids for Anil Ambani's Reliance Communication's spectrum assets that Mukesh Ambani's Jio had previously tried to acquire.

Nov 13, 2019

Vodafone issues ultimatum to Indian govt: UK media

Global telecom player, Vodafone has told Indian authorities that it will not provide more capital for its India business unless there are provisions allowing it to compete with Mukesh Ambani's Reliance Jio.

Nov 13, 2019

AGR ruling: Firms with telecom licence tense fearing Rs 2.8 lakh crore DoT dues

All companies that have a telecom licence are worried as DoT has begun examining if the SC order that has roiled mobile service firms Vodafone and Airtel may be applicable to other firms.

Nov 7, 2019

Will official panel proposals help telecom sector survive blow of huge levies?

The official panel may recommend measures to give respite to telecom players Vodafone Idea and Bharti Airtel without which the two may become unviable leaving the field clear for Reliance Jio.

Nov 4, 2019

Telecom industry stares at another round of firing post AGR ruling

The ruling from the SC would force the industry to pay a hefty amount of Rs 1.3 lakh crore and the development has come at a critical point when the industry is looking for a turnaround.

Oct 29, 2019

Will SC order on gross revenue unduly benefit Mukesh Ambani's Reliance Jio?

The SC order upholding govt's calculation of the adjusted gross revenue will mostly affect top telco Vodafone Idea and third-placed Bharti Airtel; Reliance Jio being a relatively new firm owes minuscule part of the total dues of Rs 93,000 crore.

Oct 26, 2019

Govt plans to merge loss-making state telecoms firms BSNL and MTNL; here's why

The two carriers have struggled to win customers at a time Reliance Industries' telecoms' upstart Jio and rival Bharti Airtel and Vodafone Idea have rolled out 4G services and cut prices on voice and data.

Oct 23, 2019

Will likely spectrum price cut help telcos avoid plight of aviation sector?

Telcos have been urging the government to cut 5G spectrum base price ahead of the proposed auction; the sector has been facing financial stress caused by high operating costs and low profitability amid intense competition.

Oct 15, 2019