While Reliance Jio lead the race in terms of customer acquisition, it has had a slow growth for active subscribers.
Tata Sons has already deposited the amount with the Delhi High Court.
With things unfolding in public and the decision to chuck out Mistry from the chairmanship position in other listed companies facing several challenges, many feel that the current interim chairman needs to quickly fix the problem which he triggered few weeks back
To suggest that Cyrus Mistry acted on his own, or contrary to “Tata values”, or without the knowledge and/or concurrence of Ratan Tata is as false as it is mischievous
Advertising watchdog ASCI has pulled up several companies, including Bharti Airtel, Tata Teleservices, Mahindra & Mahindra and Himalaya, for misleading advertisements in July.
Japanese regulators are considering taking action against Apple Inc over possible antitrust violations that may have helped it dominate the nation's smartphone sales, government sources said, a move that could hit the company's profit margins in one of its most profitable markets.
Sources in DoCoMo said that while the application had indeed been filed by Tatas in London's Commercial Court, the Indian company had not filed justification of evidence to support the application.
DoCoMo has also filed a plea in the Delhi High Court seeking enforcement of the arbitration ruling
The British assets of Tata Steel and Jaguar Land Rover are not owned by Tata Sons.
Tata group slashes exit offer price to Japan's DoCoMo in Tata Teleservices by 60 percent to Rs 23.34 per share
MUMBAI (Reuters) - Tata Sons Ltd on Tuesday said the Reserve Bank of India (RBI) has rejected its request to buy Japanese group NTT DoCoMo Inc's stake in their Indian telecom joint venture at a premium to its current fair value. In January the RBI had said it was "inclined to accept" Tata's proposal to pay $1.1 billion for DoCoMo's near 26 percent stake in Tata Teleservices, the seventh-biggest mobile phone network operator, but had asked for the finance ministry's view
Telecom industry sources tell us Tata Tele has already let go of about 200 people in the last few months and 800 more employees will be asked to leave to reduce the total headcount by 1,000 this fiscal.
Under this alliance, customers buying Dell laptops will get a Tata Photon Plus post-paid connection at a special price, ensuring connectivity across India while using the laptop.
In a bid to reduce dependence on Qualcomm for the development of key chips for next generation smartphones, brands like Fujitsu Ltd, DoCoMo, Panasonic Mobile Communications Co., among others have shifted focus to Samsung.