ET Awards: Evening that set agenda for GoI & India Inc
What made Saturday evening special was that the political heavy hitters spoke candidly...
Airtel board meeting on Dec 4 to consider fundraising
Airtel stock ended 1.3% higher at Rs442.30 on the BSE Friday.
Future to Shutter 140 Easyday Stores
All 53 Easyday stores in the west — in Mumbai, Pune, Nashik and Ahmedabad — will be shut down in phases ...
Be wary of domino effect of telecom mess on financial industry: Dipen Sheth, HDFC Securities
Big trade in Bharti likely over. Telecom players...
Mittal is the second of three sons of a politician, Sat Pal Mittal, member of Parliament from Ludhiana. He is married and has three children. A yoga and golf enthusiast, Mittal has been recognized for his outstanding contribution in the area of education for the underprivileged through Bharti Foundation, the philanthropic arm of the Bharti Group.
Airtel raises doubts over its ability to continue as 'going concern'
While the carrier has highlighted the need for significant additional financing - which includes accessing diversified sources across markets and currencies - to pay up the demands that the telecom department may raise, it has said that there can be ‘no assurance’ that the company’s plan will be successful.
Even a 10% hike in tariffs may fetch telcos Rs 35,000 crore: DoT
DoT estimated that increase of 10% in realisations from subscribers may yield Rs 35k cr in revenue for telcos.
Mukesh Ambani advises fellow telecom billionaires how to raise money
Airtel can easily raise Rs 40,000 crore by selling assets, while Voda Idea has no dearth of funds, he said.
Airtel pushes back Q2 announcement to November 14 on SC-AGR ruling, seeks DoT relief
The company is approaching the DoT to seek clarity on the total amounts involved and request for their support. SC recently broadened the definition on AGR, which will add significantly to the cost of carriers such as Voda Idea & Airtel.
Sunil Bharti Mittal knocks on government doors to tackle statutory dues not fully provisioned for
Delivering its verdict, the Supreme Court had on October 24 upheld government contention that non-core revenue in telecoms groups should be included in adjusted gross revenue -- the figure on which statutory levies are charged.
AGR ruling to herald more job cuts, hiring freeze in telecom
The already stressed telecos have less than three months to pay the Rs 1.3 lakh crore in license fees and SUC.
Conditional offer: Sunil Mittal company to lead efforts to revive CG Power
SBM Holdings & institutional investors looking to put in working capital and revive domestic operations.
Government considers floor tariff for improving telecom health
Trai will take a final call on the matter, while options such as payments moratorium or extension are also being explored. Setting a floor for prices in India is easier said than done, Trai has kept tariffs under forbearance for 16 years.
Jio, Vodafone Idea, Airtel pay government over Rs 4500 crore in spectrum dues
The sparring telcos -- some of which are reeling under acute financial stress and are seeking immediate relief measures -- have made the payment towards deferred spectrum liability which fell due on October 21.
Bharti Chairman Sunil Mittal says India should allow Huawei in 5G
Airtel chairman wants Chinese company in 5G play while foreign minister says India to take bilateral approach.
YES Bank jumps 16% amid reports of interest from Mittal, Munjal
BSE has also sought a clarification from YES Bank on the story.
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