Tata Tele's stake in Viom Networks came down to 26% after ATC acquired the majority stake in the company
Tata Sons has already invested close to Rs 4,500 cr in the past few years
Ratan Tata's decision to enter the all-new world of CDMA technology-based mobile telephony in 2003 while getting out of Idea Cellular
He was responding to reports that Tata group had issued Tata Teleservices shares to him at a discount and he had reneged on buying a part of NTT Docomo's stake
Wins Mumbai, Maharashtra, Andhra circles for Rs 4,600 cr
Accumulated sum Rs 31,500 crore in 2015-16
At a time when the two erstwhile partners in Tata Teleservices - Japan's top telco NTT DoCoMo and India's Tata group - are embroiled in a court battle, the Indian government is clearly not losing sleep pondering if the soured business deal would impact relations between the two countries. The confidence in the government stems not from the long-standing business relations between India and Japan, including the recent pact for a $12-billion loan to build the country's first bullet train, but from the bond between Prime Minister Narendra Modi and Japanese Premier Shinzo Abe. A source in the government quipped, "Have you not seen the body language between Modi and Abe? How can anything ever go wrong between India and Japan?"
TTML narrowed its standalone loss to Rs 159.3 crore for the March quarter
IoT is a network of physical objects and equipments with sensors that are connected and can exchange data
Docomo arbitration in London delays equity restructuring