Three states in talks to procure, distribute 10-15 m phones, however, some firms are wary of the extra investments such orders would entail.
The apex court dismissed the DoT plea against TDSAT's April 12 order that directed DoT to clear Airtel’s buy out of the India arm of Telenor, without requiring the Indian telco to furnish the bank guarantee.
The Trai had earlier issued showcause notices to various operators for specific circles for not meeting revised quality of service criteria as laid down by the regulator.
The court also vacated an interim order of August 2017, where it had restrained the company from taking any further action under the Notice of Arbitration of January 24, 2017, under India-UK BIPA.
RBI has communicated to DoT that there is no FEMA violation, and hence no ground for compounding and that the department may examine the case at their own end.
The freeze on the plant in Sriperumbudur near Chennai will continue until all other legal cases between the company and the Indian government are decided, according to people in the know.
For Rs 49 a year, Flipkart will fix phones sold on its platform within 10 days.
The money will help bolster the telco’s efforts to stay competitive in the Indian market, where Bharti has just declared its first loss in 15 years.
Airtel had already filed a caveat in the apex court, anticipating the department’s move, to ensure that it is allowed to become a party to the case once the hearing starts.
Apple’s revenue in India grew 20% on year in the January-March quarter, driven by iPhones as well as its computers, outpacing its overall 16% growth, albeit off a lower base.
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