The comment comes within weeks of Vodafone Global CEO Nick Read making a similar point
From Kumar Mangalam Birla commenting on the relief for Vodafone Idea, to onion touching Rs 140 a kg in some cities, Business Standard brings you top headlines of the day
The Bombay Stock Exchange (BSE) has sought clarification from Vodafone Idea about Birla's comment
Birla indicated that his group will not invest any money in the company in the absence of relief from the government
Vodafone Idea and Airtel customers have time until midnight of December 3, 2019 to recharge at old rates before new tariffs kick in
Jio's Rs 149 plan with 1.5 GB data will cost Rs 199 and 3-month plan with the same data limit will cost Rs 555, a jump of 39%
The company on December 1 has announced that it will raise mobile plans rates by up to 40%
Telecom sector is still far from the desired stability
Analysts have also revised ARPU estimates
Operating profit of Bharti Airtel, Vodafone Idea to increase by Rs 7,000- 9,500 crore
Bharti Airtel on November 26 filed a petition with the Supreme Court seeking a modification of the 90-day deadline set by the apex court to pay past statutory dues arising from AGR ruling
The reasons are myriad - maturing of markets, change in business strategy -but there is a clear indication that global firms are not willing to tolerate any more slack in India
SIM consolidation, inferior network and negative free cash flows even after hike are the key worries for the market
Telco had already paid Rs 59,467 crore as spectrum fees to the govt to date
The company has announced new plans for prepaid product and services with 2 days, 28 days, 84 days, 365 days validity
Vodafone Idea this month booked a $7 billion quarterly loss, the biggest in Indian corporate history, in large part due to provisions for payments owed
Looking back to a time when the biggest telcos and funds from across the world queued up with top dollars, many in the Indian telecom business rose up the rich list, and how
Bharti Airtel, Vodafone Idea, and Jio had urged the government to reduce the price, following which the matter went to the regulator for a review.
Telcos have reduced their tariffs so much that they earn only Rs 75 per user per month, nationally
We will not interfere in their decision to raise tariffs but if the consumer is affected due to the increase we will intervene, says a senior DoT official