DoT approves RJio, RCom spectrum sharing in nine circles Posted on 22nd April 2016 |
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| The Department of Telecommunications (DoT) on Friday approved spectrum sharing between Reliance Communications and Reliance Jio in nine circles including Mumbai, Himachal Pradesh and Haryana. This will allow both the firms to offer 4G services on 10 MHz block in 800 Mhz band after the sharing arrangements. The nine circles are Mumbai, UPE, Madhya Pradesh, Haryana, West Bengal, Odisha, Himachal Pradesh, Assam, and the North East, according to a filing on stock exchanges. For the remaining 13 circles, RJio plans to trade spectrum from RCom by paying about Rs 4,500 crore to the DoT. A 10 Mhz block can provide up to 80 Mbps speeds and, with the 800 Mhz spectrum advantage, this can deliver Internet faster and at a much more affordable cost than many wire-line broadband / Wi-Fi services offered today. The subscriber capacity also multiplies exponentially when spectrum is combined into a single block of 10 Mhz, according to sources. In January this year, the firms had announced plans of spectrum sharing and trading for 800-850 MHz spectrum, which will give RJio an edge over the competition. The deal will give RJio a pan-India 4G network on 800-850 MHz frequency along with 2,300 MHz it already owns. The lower frequency offers better indoor coverage and provides seamless voice services through Voice over LTE (VoLTE). RJio has already soft-launched its 4G services. |
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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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