State-controlled telecom services provider Mahanagar Telephone Nigam Ltd said it has sought permission from the Department of Telecom to sell some of its assets to pay down debt. “In order to come out of the debt, the management of MTNL is considering the proposal for asset monetization, i.e., lease or sale of real estate and […]
Sun Direct, the DTH service from Sun Network, has unveiled three new HD subscription plans that make it the cheapest provider of HD TV services in India. The plans are priced at Rs 51, 101 and 150, including taxes. The cheapest pack provides 23 HD channels — with the exact composition depending on the language […]
MySpeed, the speedtesting platform operated by the Telecom Regulatory Authority of India, has revealed a sharp dip in wireless data speeds across operators in March compared to the previous month. The declines were visible in both 4G as well as 3G services, but were more pronounced in 3G networks, which typically have one-tenth the data […]
The Indian banking system is likely to get a permanent liquidity boost of Rs 1.7 lakh cr due to the demonetization of high-denomination bank notes, State Bank of India chief economic adviser said in a note to bank clients. He said people were not making the large cash withdrawals that everyone expected them to after the […]
Reliance Jio, the telecom services provider from the Reliance Industries group, is likely to launch its own cable TV services, according to photographs uploaded by anonymous users on web forums. The photographs were apparently taken at the demonstration of the new service, and come several months after rumors started circulating that the company will launch a […]
The Medical Council of India has forced a medical college based in Nellur, Tamil Nadu to discharge 36 students who were admitted to the college outside the NEET system. NEET or National Eligibility cum Entrance Test is the pan-India entrance examination for recruitment for all medical colleges in the country. According to the Medical Council […]
Many of those who were looking forward to using more data per day than the 1 GB allotted to them under Reliance Jio’s Happy New Year scheme are likely be disappointed as it looks like the 1 GB cap will remain under the Summer Surprise offer as well. Even those Prime Members who subscribe to the […]
Reliance Jio, the telecom services provider from Mukesh Ambani-led Reliance Industries, has extended the period for its subscribers to sign up for its Membership program up to Apr 15. It will also provide three months of free service for any member who signs up for its monthly packages starting at Rs 303 per month. In […]
Indian apparel makers have sought government intervention to stabilize the rupee, which has been rising in recent months, in stark contrast to the situation in other countries that compete with India in exporting garments. “Other countries started taking recourse to depreciating their respective currencies during the last one-and-a-half years, whereas Indian Rupee got appreciated,” complained […]
The rush of last-minute recharges for availing Reliance Jio’s Prime Membership offer seems to have taken down Billdesk, one of India’s largest payment processing services. As of 10:40 AM, both the Billdesk website and the payment gateway service has been down for several minutes. Billdesk is the provider of payment processing services for Jio’s website […]
SpiceJet, the country’s favourite low-cost carrier, was today awarded 6 proposals and 11 routes under the first phase of the Government of India’s UDAN Regional Connectivity Scheme, the airline said. Out of the six finalised proposals, four will be to Adampur, Kandla, Pondicherry and Jaisalmer whereas two will be for underserved markets of Porbandar and […]
Indian Space Research Organization could soon help Indian e-bikes overcome their biggest drawbacks — low mileage per charge and limited speed. Costing between Rs 35,000-50,000, most of these bikes have a top speed of 25 km per hour and a range of 30 to 50 km per charge. That could change soon, thanks to the […]
Bharat Heavy Electricals Limited (BHEL) commissioned an 800 MW coal-based supercritical thermal unit at the Yeramarus Thermal Power Station located in Raichur district of Karnataka, the heavy equipment maker said. The plant is a joint venture between BHEL and Karnataka Power Corporation Limited and now has a capacity of 1600 MW. With this, BHEL has supplied […]
Forum for IT Employees or FITE, a web-based IT workers’ collective, has urged employees of Cognizant Technology Solutions not to resign voluntarily if asked by the company’s human resources department. “If the employee resigns his/her job, a month’s salary or three months’ salary should be paid as specified in his/her offer letter. However, if the […]
The Telecom Comission, a panel set up within the Department of Telecom with external representatives, has suggested that the ministry of communications should send back for ‘reconsideration’ the recommendation by the Telecom Regulatory Authority of India for it to impose a fine of Rs 3,050 cr on Bharti Airtel, Idea Cellular and Vodafone India. The […]
The Department of Atomic Energy today said that India is the first country in the world where the waste produced by nuclear power plants is being used for civilian applications. Jitendra Singh, the minister of state overseeing the department, also allayed concerns about any possible leakage of radiation from spent fuel. “There has been no […]
Reliance Jio, India’s newest telecom operator is set to add almost 50 mln users to its Prime platform, according to reliable sources. As of now, the company has added close to 43.5 mln, with another 3-4 mln additions expected in the remaining 2.5 days. On average, the company added 1.55 mln Prime customers per day over […]
With on four more days remaining before the start of paid services on Reliance Jio, India’s largest telecom operator by volume, the company has urged its sales agents to promote the idea of ‘queuing’ up recharges for a year. “We have been told to encourage users to do recharges for multiple months before the offer […]
Bharti Airtel, India’s largest telecommunications services provider, said it sold 10.3% of its tower unit Bharti Infratel to funds advised by US private equity firm KKR and Canada Pension Plan Investment Board at Rs 325 per share. The transaction has been done at a premium of around 3% to the stock’s opening price of Rs […]
With the financial year drawing to a close, Madhya Pradesh, Gujarat & Mumbai have emerged as the states where people pay the highest taxes on petrol and diesel, while Tamil Nadu was the state with the highest increase in rates this year. In Madhya Pradesh, people pay an eye-watering 39.75% tax on petrol imposed by […]
