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Tech Mahindra, Videocon, Biyani: Check out who else applied for small bank, payment bank licences

Feb 05, 2015 at 08:30 | Source: FirstPost

Mumbai - The Department of Post, Tech Mahindra, Videocon Group and stock exchange NSE have joined big corporates like Ambanis and Birlas to seek entry into bankingbusiness through newly created niche category of payments and small finance banks.NRI b...

Sensex falls for fourth straight day, closes below 29,000 mark

Feb 04, 2015 at 17:40 | Source: FirstPost

Mumbai: Extending losses for the fourth straight day, the benchmark BSE Sensex today fell over 117 points to slip below the 29,000-mark after nearly two weeks as funds and retail investors indulged in profit-booking amid mixed global cues.After surgi...

RIL, Aditya Birla Group, Airtel, Future Group jump into fray for payment bank licences

Feb 03, 2015 at 07:40 | Source: FirstPost

New Delhi: Big corporate houses including RIL, Aditya Birla Group, Airtel and Future Group have joined the race for payment bank licence while a number of entities have also applied for setting up small finance banks.The deadlines for seeking both ki...

Ambanis, Birlas, Mittals join the race for bank licenses

Feb 02, 2015 at 21:37 | Source: FirstPost

New Delhi: Big corporate houses including RIL, Aditya Birla Group, Airtel and Future Group have joined the race for payment bank licence while a number of entities have also applied for setting up small finance banks.The deadlines for seeking both ki...

Bharti Airtel launches HD video exchange service for Indian enterprisess

Jan 29, 2015 at 14:43 | Source: FirstPost

Bharti Airtel has launched managed Room Telepresence service. Indian enterprises especially the small and mid-sized organisations will now be able to upgrade to high-definition telepresence video exchange sessions from the existing standard definitio...

Bharti Airtel launches HD video exchange service for Indian enterprises

Jan 29, 2015 at 14:43 | Source: FirstPost

Bharti Airtel has launched managed Room Telepresence service. Indian enterprises especially the small and mid-sized organisations will now be able to upgrade to high-definition telepresence video exchange sessions from the existing standard definitio...

Cost pressure: Telecom stocks weaken on higher base price for 3G spectrum

Jan 29, 2015 at 13:29 | Source: FirstPost

Mumbai: Telecom stocks fell up to four percent today after the government fixed the base price for 3G spectrum auction at Rs 3,705 crore per mega hertz. Reacting to this, Bharti Airtel shares lost 2.8 percent to Rs 363.25 on the BSE. Similarly, Idea ...

3G spectrum: Era of cheap prices is over; telcos have to change their business models

Jan 29, 2015 at 12:27 | Source: FirstPost

The Union cabinet's decision to keep the reserve price for 3G spectrum at Rs 3,705 crore per Mhz in the 2,100 Mhz band for auctions scheduled to begin on 4 March is probably the right call. One says probably because no one can predict where prices wi...

Idea Cellular posts 64 pct profit rise as subscriber numbers grow

Jan 28, 2015 at 00:33 | Source: FirstPost

MUMBAI (Reuters) - India's Idea Cellular Ltd(IDEA.NS) posted a 64 percent rise in quarterly profit as it added more subscribers than rivals did, boosting data and talk time usage.Idea Cellular, the first telecoms carrier to report results for the Dec...

Airtel to expand 4G in six more circles, inks pact with Nokia

Jan 27, 2015 at 20:50 | Source: FirstPost

New Delhi: Telecom major Bharti Airtel today signed a deal with Nokia Networks to launch high-speed 4G services in six more telecom circles, comprising 11 states, starting from December this year. The new circles where Airtel will launch 4G services ...

Sensex, Nifty on a roll: Markets hit new peaks, banking stocks lead surge

Jan 27, 2015 at 17:59 | Source: FirstPost

Mumbai: Extending their winning run to the eighth straight session, the benchmark Sensex today jumped 292.20 points to end at new closing high of 29,571.04 and Nifty surpassed the 8,900-mark for the first time on optimism over Indo-US nuclear deal am...

India turns to corner shops, mobile phones for banking revolution

Jan 26, 2015 at 09:30 | Source: FirstPost

NEW DELHI/MUMBAI (Reuters) - India is betting that mobile phone vendors, fuel stations and corner stores can help it put basic banking within the grasp of hundreds of millions of its poor people living beyond the reach of traditional bank branches.Th...

ECB helps Sensex, Nifty maintain northbound trend; Tata Power, Tata Motors lead surge

Jan 23, 2015 at 18:29 | Source: FirstPost

Mumbai: Tracking global rally triggered by ECB stimulus, the benchmark BSE Sensex today set a new high of 29,408 points and NSE Nifty breached the 8,800-level for the first time. The 30-share index, however, pared some gains to settle the day at all-...

Sensex ends above 29K, Nifty at record peak; Sun Pharma, Axis Bank touch new high

Jan 22, 2015 at 17:42 | Source: FirstPost

Mumbai: Extending their record-setting spree for the third day, the BSE Sensex today closed above the 29,000-mark for the first time and the Nifty touched another peak of 8,774.15 with sustained buying by funds in healthcare, capital goods, metal and...

Sensex, Nifty at historic high levels, HUL steals show

Jan 21, 2015 at 18:46 | Source: FirstPost

Mumbai: Rising for the fifth day in a row, benchmark BSE Sensex today set a life-time high of 28,958 points and NSE Nifty recorded a historic 8,741 points as overall macro outlook and optimism over forthcoming budget continue to buoy investor sentime...

Telecom firms not against Skype, WhatsApp: Bharti

Jan 21, 2015 at 17:37 | Source: FirstPost

New Delhi: Telecom operators are not opposed to over-the-top service providers like Skype, Viber, WhatsApp but looking to work in synergy with them, Bharti Enterprises vice chairman Akhil Gupta said today. "Our revenue streams are moving towards...

Sky's the limit: Sensex soars 522 points to scale new high, Nifty touches 8,700 mark

Jan 20, 2015 at 18:38 | Source: FirstPost

Mumbai: Extending its winning streak for the fourth day, benchmark index BSE Sensex today surged by over 522 points to record a new closing high of 28,784.67, and NSE Nifty breached the 8,700-mark for the first time in its history.The market rally wa...

Essar exits telecom portfolio, after sale of Kenyan asset to Bharti Airtel

Jan 15, 2015 at 19:15 | Source: FirstPost

New Delhi: By selling off yuMobile in Kenya to Bharti Airtel and local operator Safaricom, Essar today marked its exit from telecom business globally and completed monetisation in the segment for $6 billion.Essar Global Fund Limited (EGFL), managed b...

Samsung's first Tizen phones go on sale in India

Jan 14, 2015 at 20:02 | Source: BBC

Samsung's first smartphones to be powered by its Tizen operating system have gone on sale. The Z1 handsets are available in India for 5,700 rupees ($92; £60) and, according to the firm, offer faster boot times and longer-lasting battery life th...

Apex court relief for Mittal, Ruia

Jan 10, 2015 at 04:27 | Source: Calcutta Telegraph News

New Delhi, Jan. 9: The Supreme Court today set aside the orders issued by a lower court summoning Bharti Cellular chairman and MD Sunil Bharti Mittal and Essar Group promoter Ravi Ruia as accused in a corruption case related to the allocation of the...

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