Aircel

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Aircel - Total results - 281
DoT likely to add Videocon dues of Rs 2,041 cr to Airtel's AGR bill; may not include Aircel's liabilities in Sunil Mittal-led telco
Business

DoT likely to add Videocon dues of Rs 2,041 cr to Airtel's AGR bill; may not include Aircel's liabilities in Sunil Mittal-led telco

The DoT has pegged Airtel’s AGR dues at around Rs 35,586 crore, Videocon’s liabilities at 2,041 crore and Aircel’s dues at Rs 11,950 crore.

Airtel, Voda Idea, Tata Tele likely to pay AGR dues today; DoT unlikely to give more extension to telcos: Report
Business

Airtel, Voda Idea, Tata Tele likely to pay AGR dues today; DoT unlikely to give more extension to telcos: Report

As per the last available estimates, Airtel owes nearly Rs 35,586 crore, including licence fee and spectrum usage charges, to the government.

ED summons P Chidambaram in connection with money laundering probe into aviation-related 'financial irregularities'
India

ED summons P Chidambaram in connection with money laundering probe into aviation-related 'financial irregularities'

Enforcement Directorate has summoned P Chidambaram in connection with its money-laundering probe into aviation-related 'financial irregularities'.

Reliance Jio effect has Airtel, Vodafone packing benefits into its Rs 169 data plan
News & Analysis

Reliance Jio effect has Airtel, Vodafone packing benefits into its Rs 169 data plan

Users of the Rs 169 plan with 1GB of data for 28 days can now max out 1GB of data every day of the month.

Canara Bank drags GTL group to NCLT after company defaults on its debt repayment worth Rs 1,000 crore
Business

Canara Bank drags GTL group to NCLT after company defaults on its debt repayment worth Rs 1,000 crore

While GTL has defaulted on Rs 459 crore loans from the bank, GTL Infrastructure failed to make timely payment of Rs 541 crore to the lender

Aircel-Maxis deal: ED questions P Chidambaram in money laundering case for fourth time
Business

Aircel-Maxis deal: ED questions P Chidambaram in money laundering case for fourth time

The ED is probing the Aircel-Maxis deal under the PMLA after taking cognisance of a 2011 CBI FIR in the case.

Idea-Vodafone merger heralds new phase of tough competition in telecoms; bankers and content consumers may hold the key
Business

Idea-Vodafone merger heralds new phase of tough competition in telecoms; bankers and content consumers may hold the key

In a sense, the Idea-Vodafone merger was a forced marriage of convenience because Jio hit the market when the UK-based giant was planning its own Indian IPO (initial public offering), and the merger was seen as a backdoor way for Vodafone to get listed

Airtel-Tata Tele deal: C Sivasankaran to drag Cyrus Mistry to court for causing him Rs 3,000 crore loss
Business

Airtel-Tata Tele deal: C Sivasankaran to drag Cyrus Mistry to court for causing him Rs 3,000 crore loss

Earlier this month, Mistry had questioned the rationale behind the free sale of Tata Teleservices to Airtel.

Aircel, two other companies come under SFIO lens for alleged financial irregularities
Business

Aircel, two other companies come under SFIO lens for alleged financial irregularities

The Serious Fraud Investigation Office (SFIO) is probing alleged financial irregularities at debt-laden Aircel as well as two group entities -- Aircel Cellular and Dishnet Wireless

Indian telecom subscriber base goes beyond the 1.2 billion mark with 26 million additions in March: TRAI report
News & Analysis

Indian telecom subscriber base goes beyond the 1.2 billion mark with 26 million additions in March: TRAI report

TRAI's net addition trend shows that March was a competitive month with Idea Cellular and Bharti Airtel reducing their gap significantly with Reliance Jio.

IDBI Bank loan fraud: Two independent directors quit after CBI files FIR in connection with Rs 600 cr scam
Business

IDBI Bank loan fraud: Two independent directors quit after CBI files FIR in connection with Rs 600 cr scam

Two independent directors Ninad Karpe and S Ravi have resigned from the board of state-owned IDBI Bank days after CBI filed FIR in connection with Rs 600 crore loan given by the bank to former Aircel promoter C Sivasankaran, his son and companies controlled by him

Telcos' revenue dip 8.6% to Rs 2.55 lakh crore; govt collections from licence fee, spectrum usage charges too plunge
Business

Telcos' revenue dip 8.6% to Rs 2.55 lakh crore; govt collections from licence fee, spectrum usage charges too plunge

The telecom sector's gross revenue fell by 8.56 percent to Rs 2.55 lakh crore in 2017, resulting in decline in government collections in form of licence fee

DRT orders: While Nirav Modis, Mehul Choksis escape net, people like Nirmala Prakash stand to lose their homes
Business

DRT orders: While Nirav Modis, Mehul Choksis escape net, people like Nirmala Prakash stand to lose their homes

Post-Nirav Modi scam, DRT is flooded with cases for adjudication and recovery by banks but a senior officer said on the condition of anonymity that the majority of big cases involving huge sums of money are being settled as per the whims and fancies of bank officials and big borrowers.

IDBI Bank fraud case: CBI books ex-Aircel promoter C Sivasankaran's firms, top bank officials
Business

IDBI Bank fraud case: CBI books ex-Aircel promoter C Sivasankaran's firms, top bank officials

The CBI has registered a case against former Aircel promoter C Sivasankaran's companies Axcel Sunshine Ltd and Finland-based WinWinD Oy for defaulting a loan of Rs 600 crore

Credit Suisse says close to 40 million Reliance JioPhones sold so far; incumbents should be worried
Business

Credit Suisse says close to 40 million Reliance JioPhones sold so far; incumbents should be worried

At present, it's difficult to gauge whether Jio is eating into others' share or adding to the pie with customers buying Jiophones as their secondary device.

TRAI directs Aircel to refund unspent balance and security deposit to subscribers
News & Analysis

TRAI directs Aircel to refund unspent balance and security deposit to subscribers

Aircel has also been instructed to prepare a list of all prepaid subscribers ported out between 1 December 2017 and 10 March 2018

Aircel's committee of creditors wants to restart firm's mobile phone operations in some circles; seek investors
Business

Aircel's committee of creditors wants to restart firm's mobile phone operations in some circles; seek investors

Aircel's lenders, led by the SBI, representatives from the firm's management and an insolvency professional from Deloitte have discussed a potential restart.

Airtel tops in 4G internet speed but Jio has the largest 4G network coverage: Report
News & Analysis

Airtel tops in 4G internet speed but Jio has the largest 4G network coverage: Report

Interestingly, after 4G as India is looking hopeful for 5G, it is yet to catch up with its 4G internet speed.

Telecom subscriber base dips to 117.5 cr in January; Reliance Jio adds 83 lakh customers: Trai
Business

Telecom subscriber base dips to 117.5 cr in January; Reliance Jio adds 83 lakh customers: Trai

India's telecom subscriber base dipped to 117.5 crore at the end of January with smaller operators losing bulk of their customers, as per monthly Trai report

Aircel-Maxis case: SC asks if invisible hands are delaying probe, directs completion of investigation in 6 months
India

Aircel-Maxis case: SC asks if invisible hands are delaying probe, directs completion of investigation in 6 months

Taking a hard stance on the Aircel-Maxis case, the SC directed investigating agencies to complete its probe into the 2G spectrum allocation case in six months.