The firm, however, posted an over 2x jump in profit before tax (PBT) of Rs 372 crore for the quarter ended June (Q1) before exceptional items
Mittal said the government should look at rationalising levies on the sector and "close long-standing legal disputes that are a big drag on the performance of operators"
Last year, India Inc sealed deals worth $88.88 billion in the January-July period, but this year the total transactions are $56.73 billion, fueled mainly by RIL-Jio deals
Telecom sector has spent years fighting regulatory and legal battles. They could have been better spent on serving the customers and strengthening the network, writes Sunil Bharti Mittal
With a charge of Rs 18/min for voice calls to free voice calls now, and a burgeoning subscriber base, India's telecom sector has come a long way. We look at the men who made all of this possible
It's been through dizzying peaks, troughs, policy U-turns, court battles, brutal competition, and daily controversies
The Bajaj group is the only one on the list of 12 conglomerates to be down - 1 per cent - since the lockdown came into effect, thanks to the hammering of stocks of non-banking financial companies.
The Centre said telcos had already paid about Rs 16,000 crore in AGR dues and some had assured further payments in a week's time
The Budget is an attempt to endow India with improved health and better access to education unleashing better infrastructure, says Rajnish Kumar
After a five-year stint as executive chairman of SB Energy, Manoj Kohli will be SoftBank boss Masayoshi Son's rainmaker
Richest Indian Mukesh Ambani, Tata group patriarch Ratan Tata, telecom czar Sunil Bharti Mittal, billionaire Gautam Adani, Mahindra Group chairman Anand Mahindra were among those who attended
The Supreme Court order for including non-core revenue in telecom groups' gross adjusted revenue -- the figure on which the levies are charged -- revived the rivalry between Ambani and Bharti Mittal
India Inc leaders, including Bharti Enterprises Chairman Sunil Bharti Mittal, CII President Vikram Kirloskar and Assocham President Balkrishna Goenka, on Thursday asked the government to take measures to augment ease of doing business to "create more freedom for the industry to perform". In a pre-Budget meeting with Finance Minister Nirmala Sitharaman, the corporate leaders highlighted several issues, including certain income tax matters which were coming in the way of mergers and acquisitions or slowing them down and roles that need to be played by state businesses to prosper at the ground level. "I have come here today to discuss only one thing -- make doing business easy in the country. That was what my thrust was," Bharti Airtel Chairman Sunil Bharti Mittal told reporters after the meeting. He said some suggestions around mergers and acquisitions (M&As), demerger, NCLT process, about certain sections of income tax which were coming in the way of M&A or slowing them down ..
Bharti Telecom holds around 41 per cent stake in Bharti Airtel while foreign promoter entities hold 21.46 per cent stake in the telecom firm
He noted that the consolidation of the Indian telecom market did not take place in an orderly manner except in case of Vodafone Idea merger
A listing, if it does happen, would only be of a minority stake, said Mittal
The package was over 8% higher than the previous year, when Mittal had drawn Rs 27.8 crore
He also said that it was unfair if movement of Indian workers gets restricted
There is a demand to bring app-based calling services under licensing regime
Airtel Chairman said one doesn't want a situation where there are one or two healthy operators