BSNL to partner with Google for Project Loon as it gets govt in-principle nod
Posted on 17th December 2015 |
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| The government has in-principle agreed to partner with Google’s Project Loon on a pilot basis and state run BSNL has been assigned to partner it, communications and IT minister Ravi Shankar Prasad said on Wednesday after a meeting with Google’s CEO Sunder Pichai. “In-principle we agree for a pilot project for Project Loon. We are quite open on the project and BSNL will partner with Google for it,” Prasad said. The minister said that his ministry will consult the ministry of civil aviation and other security agencies for the project. The telecom minister on December 11 told the Parliament that the government has rejected Google’s Project Loon over fears that it would interfere with cellular transmission and create technical glitches. Google’s Project Loon aims at launching balloons in the airspace, which will act as mobile BTS’s to offer affordable internet access to rural areas. Earlier in the day, Pichai said, “Project Loon will launch balloons in the sky to help reach out to rural areas”. Elaborating the same, Google vice president (Access Strategy and Emerging Markets) Marian Croak said the company is “passionate” about building and deploying new Internet infrastructure around the world. “We are testing these high altitude balloons which literally act as almost like floating cell towers…,” she said. |
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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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