Aircel

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

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

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

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

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

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

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

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

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

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