BSNL to Set-Up 40,000 Wifi Hotspots With a Better Speeds Than 4G
Posted on 6th January 2016 |
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| The CMD of BSNL, Anupam Shrivastava stated that the company at present neither has a 4G service, nor do the relevant spectrum to launch this service. Also to deal with this challenge, they are working on a scheme to set up 40,000 Wi-Fi Hotspots in the country, as he claims it to be faster than 4G services. Though it is not clear if people not using BSNL telecom services will be able to use that Wifi or not. Also, in November the company tied up with social media giant Facebook to create Wifi hotspots for rural areas and the Zuckerberg owned company will fund them with Rs 5 crore every year to buy the bandwidth from the company. He further added that under the current scheme 500 Wifi hotspots have already been set and they plan to add 2,500 more in the current financial year. With an investment of Rs 5,500 crore, the company plans to set up 25,000 mobile towers to improve its telecom service, and also to be on the safer side of the call-drop issue. When asked about the same he said the call drop issue has been increasing as people have the misconception that the radiation emitted by the towers harm their health and so these towers were removed by the societies/residential areas. In FY15 the company had generated a operating profit of Rs 672 crore and expects to reach 1,000 crore by the end of this financial year. The company also plans to reach a zenith where net profit position is possible, Mr. Shrivastava stated that it will become a reality by 2019. |
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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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