Splco emerging trend in bilingual online media
In a statement DMK Leader M.K Stalin, citing Surappa’s letter to the Centre stating that the Anna University can raise Rs 1,500 crore on its own over a five year period and doesn’t need the state government’s assistance, said if Surappa had written it without Tamilnadu CM Palaniswami’s consent, then the Chief Minister immediately recommend Read More…
Telecom providers pay the department of telecommunications (DoT) nearly 3-5% of their AGR in usage charges for spectrum or airwaves and 8% of AGR as licence fees. The top court had in its verdict on October 24, 2019, upheld the interpretation given to the definition of AGR by DoT and included revenues from various Read More…
The Supreme Court on Monday asked the government to explain why Reliance Jio, which is earning revenue by sharing Reliance Communication’s (RCom) spectrum, be not asked to pay the Adjusted Gross Revenue (AGR) related dues to the government. The government told the top court there is a difference of opinion between two ministries (Department Read More…
US tech giant Facebook announced that it would invest Rs 43,547 crore ($5.7 billion) in RIL’s wholly-owned subsidiary Jio Platforms to expand its presence in India. Facebook’s investment translates into 9.9 per cent stake in Jio. This would be Facebook’s biggest minority shareholding ever. This is also the largest foreign direct investment for minority Read More…
The board of the state-run telecom services provider Bharat Sanchar Nigam Ltd (BSNL) has accepted a proposal to lay off close to 54,000 employees and is said to be waiting for elections to get over before taking the final call. Sources close to the development said that at its March meeting, the BSNL board Read More…
BSNL’s board, which is meeting in New Delhi on February 15, is expected to discuss recommendations made by an expert committee, highly-placed sources reveals The state-owned telecom services provider Bharat Sanchar Nigam Limited (BSNL) is mulling over a massive reduction in its workforce to the tune of 54,451 workers by reducing the retirement age Read More…
The apex court order disallowing telcos from using the faster Aadhaar-based verification system could slow the pace of subscriber additions significantly, potentially delaying the company’s plan to acquire a 50% revenue market share, analysts said. Jio added 11.78 million customers in July, outpacing Airtel’s 313,000, Vodafone India’s 609,000 and Idea Cellular’s paltry 5,489, according to Read More…
The Supreme Court, last week, struck down Section 57 of the Aadhaar Act, which allowed private companies to use the 12-digit biometric ID-based eKYC. Days after the Supreme Court imposed curbs on the use of Aadhaar, biometric-issuing authority UIDAI Monday asked telecom companies to submit, within the next 15 days, a plan to stop using Read More…
Mrutyunjay Mahapatra, deputy managing director (strategy) and chief digital officer, SBI, and Alok Agarwal, chief financial officer, RIL, exchanging the signed MoU to deepen digital partnership, in the presence of Rajnish Kumar, chairman, SBI, and Mukesh Ambani, chairman and managing director, RIL, in Mumbai. State Bank and Reliance Jio, which are partners in a payment Read More…
