BSNL 4G service likely to start with only 10,000 towers

Bharat Sanchar Nigam Ltd, the government-controlled telecom company, is likely to start its 4G services with a modest 10,000 towers. In comparison, players like Idea Cellular, Vodafone and Bharti Airtel have between 50,000-100,000 4G towers, while Reliance Jio has around 200,000 LTE base stations. BSNL has planned for only 10,000 4G node B or base […]

Tata Teleservices shareholders to get 1 Bharti Airtel share for 2014 held

Shareholders of Tata Teleservices Maharashtra Ltd — the listed unit of Tata Tele — will get one share of Bharti Airtel for every 2,014 shares held by them, the company said. The ratio of share issue indicates that the consumer mobile business of Tata Telservices Maharashtra Ltd accounts for only 3.77% of the equity value […]

Vodafone offers Rs 2,100 cashback on Rs 3,700 itel A20 smartphone

Vodafone India announced a cash back deal on itel’s A20 4G smartphone. Under the scheme, anyone who buys the mobile phone for Rs 3,690 will get a cashback of Rs 900 after 1.5 years and Rs 1,200 after another 1.5 years. However, the person has to use the specified Vodafone number on the device and […]

Manufacturing sentiment steady in Q3; Auto, Cap Goods, Metals bullish

FICCI’s latest quarterly survey on Manufacturing indicates a pause in the steady improvement seen in optimism on quarterly production levels. The percentage of respondents expecting production in the current quarter (Oct-Dec) to be higher than last quarter fell to 47% from 50% three months ago. It is among the lowest scores in the last two-and-a-half […]

EU to invest Rs 1,300 cr in India’s solar and wind power via Yes Bank

The European Investment Bank, the lending arm of the European Union, will invest $200 mln (Rs 1,283 cr) into the Indian solar and power sector via a deal with Yes Bank in order to support the growth of renewable energy in the country. The investment will be routed through a renewable financing program with Yes […]

Lincoln Pharma eyes export boost after patenting its ‘painless’ malaria injection

Ahmedabad-based Lincoln Pharmaceuticals said it developed a painless form of malaria injection and has also received a patent in India for the same. It said it expects to increase its exports of anti-malarial treatments by 70-80% thanks to the invention. At present, the Arteether anti-malarial injection available in market are in 3 ml and 2 […]

Akhilesh Yadav supports reservation for Patels, upper castes

Samajwadi Party chief Akhilesh Yadav has suggested extending reservation benefits not only to Patels, but to all forward communities as well. “Do a census and give everyone reservation according to their population. Nobody will be angry,” Yadav said, when asked about how to deal with the current agitation by the Gujarati community seeking greater educational […]

Bharti Airtel buys Tigo Rwanda from Millicom International

Bharti Airtel Limited said it has agreed to acquire 100% of Tigo Rwanda Limited, the local unit of Millicom International Cellular S.A.. Airtel already has operations in Rwanda and the acquisition “will consolidate the Rwandan telecom market and position Airtel as a strong number 2 operator in Rwanda,” it said. The consideration for the transaction […]

Eros International to co-produce ‘new wave’ films with Drishyam

Film producer Eros International said it has tied up with Manish Mundra’s Drishyam Films to co-produce four “new wave” films. Drishyam is the film maker behind titles such as Masaan, Rukh, Kadvi Hawa and Newton, India’s entry to the Oscars in the Foreign Film Category this year. Eros has already tied up with Drishyam for […]

TV Today to merge Mail Today with itself for synergy

Broadcasting company TV Today Network said it has decided to write off nearly Rs 273 cr of accumulated losses at its Mail Today newspaper business and merge it with the parent company for better synergies. TV Today Network runs one of India’s most popular television network, including the channels India Today and Aaj Tak. The […]

Royal Orchid opens 46th hotel in Dwarka, Gujarat

Royal Orchid Hotels announced the opening of its new hotel in the pilgrimage town of Dwarka in Gujarat. “We are taking continuous steps towards expanding our presence all over India. The new hotel launch in Dwarka is one such move towards our aim,” said Chander K. Baljee, Managing Director, Royal Orchid Hotels. The company has added […]

TRAI enters the 4G era, uses telecom to stream open house discussions

After regulating Internet and broadband services for years, the Telecom Regulatory Authority of India seems to have decided to enter the broadband era by using technology to stream its ‘open house’ discussions to the public. The regulator is streaming its latest open house discussion on spam calls and SMSes to the public via its twitter […]

GMR emerges as top bidder for Philippines airport

Infrastructure major GMR Group said it has emerged, along with a partner, as the top bidder in a race to construct a new eight-million-passenger airport in Philippines, and expects to get the order in one week. The company, along with partner Megawide Construction Corporation, submitted the most competitive financial bid, it said. “Clark airport is […]