As per officials, over 10 million recycled mobile numbers are put in the market every month by telcos. These are the numbers which were earlier used by some people who have stopped recharging or using them for a specific period. These numbers are then put up in the market again ..read more

While contours of the solution is still being worked upon with telcos, SIM location of a customer can be verified real time and matched with the geolocation of delivery of an OTP. Banks also have their own data on customers’ residences. So, capabilities will need to be built to triangulate the data in real time, one of the executives said ..read more

Vodafone Idea FPO: Rajiv Jain's GQG Partners, which had invested nearly Rs 1,350 crore in Vi’s anchor book, continued to invest in the FPO. Additionally, several other foreign institutional investors, such as Capital Group and Fidelity Investments, subscribed to the issue, according to banking sources ..read more

Reliance Jio reported a 12.5% on-year increase in net profit in the fiscal fourth quarter to Rs 5,307 crore, on an 10.9% growth in revenue from operations to Rs 25,959 crore. It added 10.9 million subscribers in the three-month period, taking its total subscriber base to 481.8 million as of March-end ..read more

Despite high capital expenditure incurred by telecom players including Reliance Jio and Bharti Airtel to launch 5G services in 2022, the tariffs have remained unchanged ..read more

The US-based company opened the Mumbai store — Apple BKC — on April 18 last year, followed by the one in New Delhi — Apple Saket — two days later. Chief executive Tim Cook had flown to India for the store inaugurations ..read more

“To remove the ambiguity, we are working it out. We will discuss with stakeholders and take a call,” a second official said ..read more

Vodafone Idea plans to raise Rs 18,000 crore through a follow-on public offer (FPO) and another Rs 25,000 crore through debt. In addition, the company has already approved raising Rs 2,075 crore from a promoter entity through a preferential share issue. Its FPO which opened this week has generated tepid response as investors remain wary of high debt levels and uncertainty surrounding profitability ..read more

"BSNL had deducted payments to the tune of Rs 145.02 crore for trenching done at a depth lesser than 165 cms duly approved by BSNL, due to legitimate site constraints. STL filed its claims towards wrongful imposition of depth penalty by BSNL. The arbitrator has rejected STL's claims vide award dated April 18, 2024," STL said in the filing ..read more

Viswanathan took charge as Vice President and Managing Director for the Indian market in July 2022. Now Intel has carved out India as a separate region ..read more