Idea partners Karbonn to offer cashbacks on smartphones, feature phones
Posted on 31st January 2018 |
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| Idea Cellular on Tuesday said that it has partnered with domestic handset maker Karbonn to offer cashbacks worth Rs 1,500 and Rs 1,000 on smartphones and feature phones, respectively. This is Karbonn’s second such tie-up. It had partnered with Bharti Airtel last year to offer cashbacks on a select range of smartphones under the operator’s ‘Mera Pehla Smartphone’ offer. Idea is offering cashback of Rs 1,500 on Karbonn’s A41 Power and A9 Indian, which are priced at Rs 2,999 and Rs 3,699, respectively, thereby bringing down the effective price of the 4G smartphones to almost half for Idea customers. A cashback of Rs 500 will be credited in the customer’s Idea Money wallet at the end of 18 months while the balance Rs 1,000 will be done at the end of 36 months. Idea is also offering a cashback of Rs 2,000 on Yuva 2, priced at Rs 4,999, reducing the cost of the smartphone to Rs 2,999. Customers will get Rs 500 cashback at the end of 18 months and the balance Rs 1,500 at the end of 36 months. To avail the cashback on the A41 Power, A9 Indian and Yuva 2, customers need to have a cumulative recharge value of Rs 3,000 for the first 18 months and the same amount during the next 18-month period. Idea customers can recharge with the Rs 169 plan, which gives them free voice calls, free roaming, 1GB data daily, and 100 SMSes per day, for a period of 28 days. In the case of feature phones, on the Karbonn K310n, K24+ and K9 Jumbo feature phones, priced at Rs 999, Rs 1,199 and Rs 1,399, respectively, Idea is offering a cashback of Rs 1,000. The K310n will be effectively ‘free’ for Idea customers, at the end of 36 months. For availing the offer on feature phones, Idea customers need to do a cumulative recharge of Rs 2,700 in the first 18 months to get a cashback of Rs 500, and another Rs 2,700 between 19-36 months to get the remaining Rs 500. |
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Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict
Posted on 29th October 2019 |
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Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.
Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade. |
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Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices
Posted on 7th October 2019 |
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The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point. On a weekly basis, the local unit slumped by 32 paise. |
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LIC pips private insurers in first-year premium growth during April-August
Posted on 13th September 2019 |
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In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19. Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai). |
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Apollo Hospitals rules out further stake sale
Posted on 13th September 2019 |
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Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here. |
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World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah
Posted on 13th September 2019 |
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In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted. |
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