COAI red-flags Trai's new draft rules on pesky calls and messages Posted on 18th July 2018 |
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| The Cellular Operators’ Association of India (COAI) has raised concerns on the new draft rules proposed by the Telecom Regulatory Authority of India (Trai) to check pesky calls and messages, as operators will have to bear additional costs to put in place a new system. In May, Trai had proposed the use of blockchain technology to check the menace of unsolicited commercial communications (UCC) or pesky communications. However, the industry body, which represents private telecom operators, including Bharti Airtel, Vodafone, Idea Cellular and Reliance Jio, said a number of obligations contained in the draft rules will require operators to incur additional capex and opex in the new systems and technology which proposes to completely change the existing system. COAI has reiterated its concerns to Trai through a letter dated July 13. The industry body had met Trai officials on June 18 and had also written to Trai on June 20. “…the new proposals will lead to complex processes and huge costs for telecom service providers, without any substantial benefits. The regulation would be beneficial only for vendors who would be providing the technology,” COAI said. A Trai official told Business Standard it has been proposed in the draft regulations that operators can pass on the costs of technology to telemarketers. “The operators are free to install the new technology either on their own or they (operators) can involve third parties to set up the technology, the cost of which can be compensated by telemarketers,” the official said. However, telecom operators feel that as cost will rise for telemarketers, they may switch to over-the-top players for their marketing. Trai had given time till June 11 to all stakeholders for submitting their comments. The rules are likely to be notified in the next few months. |
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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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