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Business News Roundup: September 23, 2021

Sep 23, 2021 Outlook Business Team

In this section, we recapitulate all the action from the world of business, finance and economic policymaking

Jio Added Maximum Subscribers In July, Vodafone-Idea Lost 14.3 Lakh Subscribers: TRAI

Sep 23, 2021 Saptaparno Ghosh

The data implied Reliance Jio held a wireless user base of approx 44.3 crore as of July 31st, Airtel 35.4 crore and Vodafone-Idea 27.2 crore


Reform Package: A Positive Bet To Revamp Telecos Biz, Says Moody's

According to the ratings agency, data consumption would continue to grow with increased transition to remote working and online transactions - this would help telcos' strengthen their earnings and cash flow

Sunil Mittal Aspires To Keep The Telecom Industry Together; Spoke To Vodafone-Idea Chief About Telecom Reforms

Sep 16, 2021 Outlook Business Team

He urged the industry to work together in areas such as infrastructure but said he was strictly opposed to any cartelisation


Rupee Spikes 5 Paise To Touch 73.45 Against US Dollar in Early Trade; Second Consecutive Day Of Fall

The strengthening of rupee comes in the back of a string of measures and relief packages announced yesterday for the automobile and telecom sector; the announcements are expected to further foreign inflows

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15 September, 2021

RIL Chairman Mukesh Ambani Welcomes Relief Measures For Telecom Operators

Outlook Business Team

In a press statement, Telecom operator Jio said they look forward to working with the Government to "collectively make every sector of the economy productive and enhance the Ease of Living for every Indian."


15 September, 2021

Telecom Reforms: Cabinet Approves 4-Year-Moratorium To Telcos For Payment Of Dues, 100% FDI

Outlook Web Desk

In big bang reforms, the Union Cabinet on Wednesday approved a relief package for the telecom sector that includes a four-year moratorium on payment of statutory dues by telecom companies as well as allowing 100 per cent foreign investment through the automatic route.


15 September, 2021

Govt Considering Token Stake in Vodafone-Idea to Boost Investor Confidence: Sources

Outlook Business Team

The move is aimed at instilling investor confidence in the beleaguered company; Kumar Mangalam Birla had offered his stake in the Vodafone-Idea combine to the Government last month


15 September, 2021

A relief package could be underway for the troubled Telecom sector

Outlook Business Team

According to PTI, the Union Cabinet is considering a relief package in the form a moratorium on payment on spectrum dues alongside revision of ADRs, spectrum charges and on unpaid dues


07 August, 2021

What Awaits Vodafone-Idea: Separating Facts From Fiction

Outlook Business

From bankruptcy to selling off of stakes to the government, rumours are abuzz about Vi. We tell the facts from the fake.


23 July, 2021

SC Rejects Telecom Companies' Application Alleging Wrong Calculation Of AGR

Outlook Web Desk

The telecom companies had submitted before the apex court arithmetical errors in the calculation requiring rectification and also there are cases of duplication of entries.


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28 January, 2021

5G Network Should Be Indian, Testbed Ready, Permission For Trials Soon: Telecom Minister Ravi Shankar Prasad

Outlook Web Bureau

The Department of Telecom had earlier set a target to start 5G trials in 2019 and rollout the next-generation service in 2020.


05 January, 2021

HC Issues Notice To Punjab, Centre Over Telecom Tower Damage After Reliance's Plea

PTI

Over 1500 mobile towers in Punjab have been damaged during the ongoing farmers' agitation


04 January, 2021

Reliance Blames 'Vested Interest' Behind Attack On Telecom Towers

PTI

Not in the business of corporate or contract farming, says Reliance as it moves court to stop vandalism


02 January, 2021

Jio Tower Damage Case: Airtel Dismisses Jio's Allegation Of Sabotage, Calls It 'Outrageous'

PTI

Airtel has shot-off a letter to the telecom department slamming the charges as baseless and outrageous.


25 December, 2020

Amarinder Appeals To Farmers Not To Disrupt State's Telecom Services

PTI

There were reports that farmers at various places in Punjab, were disconnecting the power supply to mobile towers of a particular telecom operator.


16 December, 2020

Centre Announces New Telecom Directive, May Blacklist Certain Vendors

PTI

Under the provisions of the directive, the government will declare a list of trusted sources and trusted products for installation in the country's telecom network.


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31 October, 2020

Relaince Jio Q2 Net Profit Triples, Revenue Zooms 33%

PTI

Reliance Jio's net profit jumped to Rs 2,844 crore for the second quarter ended September 30, 2020, from Rs 990 crore in the year-ago period.


Photo Gallery

India's Pusarla V. Sindhu celebrates after scoring a point against Japan's Akane Yamaguchi during their women's singles badminton semifinal match at the BWF World Tour Finals in Nusa Dua, Bali, Indonesia.

AP Photo/Dita Alangkara

A healthcare worker collects swab sample of a woman for COVID-19 test in view of the threat of the new variant (Omicron) of the virus, at a railway station in Patna.

PTI Photo

Beach side temporary shops covered by polythene sheets in the wake of Cyclone Jawad, in Puri.

PTI Photo

Prime Minister Narendra Modi with Uttarakhand CM Pushkar Singh Dhami and others during BJP election campaign rally, ahead of state Assembly polls in 2022, in Dehradun.

PTI Photo

Prime Minister Narendra Modi addresses during a BJP election campaign rally, ahead of state Assembly polls in 2022, in Dehradun.

PTI Photo
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