




The counsel has said that both Ruia and Sterling Cellular appear to have benefited from actions of Sunil Bharti Mittal. Sterling Cellular is now known as Vodafone Mobile Service Ltd and Ruia was a rotational director at the time of grant of additional spectrum.
Ha also adds that government is free to decide how many ministers are required in its cabinet and therefore, it must have taken the appropriate step by inducting additional members.
Telecom Regulatory Authority of India, on October 15, gave its recommendation on spectrum auction for premium 900 Mhz band and 1800 Mhz band that are presently being used for 2G GSM mobile services by Airtel, Vodafone, Idea Cellular and Reliance Communications.
Finance Minister Arun Jaitley “had spoken for the nation†when he recently called upon the Reserve Bank of India to cut interest rates, Sunil Mittal, chief of India‘s largest telecom company Bharti Airtel, said.
The valuation of the Nigeria towers is pegged at around USD 500-550 million. The proceeds from the sale will be used to pare off Bharti's huge Rs 60,000 crore debt. The market had been anticipating this sale for quite some time.
Chairman of Bharti Airtel, Sunil Bharti Mittal said, "Results for Airtel India reflect rationality returning to the sector which needs to be complemented by a more enabling regulatory environment for a deeper penetration of telecom and broadband services."
The Supreme Court has issued notices to the CBI on petitions filed by Bharti Airtel chairman Sunil Mittal and Essar Group's vice chairman Ravi Ruia. Mittal and Ruia are seeking quashing of summons issued by the 2G trial court in the additional spectrum scam matter
CNBC-TV18's Malvika Jain reports that after recusal of two judges, a new bench has been constituted in the Supreme Court to hear the petitions of Bharti Airtel chairman Sunil Bharti Mittal and Essar Group promoter Ravi Ruia on April 25.
With RIL‘s results coming up next week, net profit or profit after tax (PAT) expectations are plus or minus Rs 50 crore of their Q3 PAT figure of Rs 5500 crore, says SP Tulsian of sptulsian.com.
The Supreme Court has postponed the 2G trial court summon issued for Bharti Airtel Chairman and Managing Director Sunil Mittal's appearance in court to April 16.
Two weeks after the Patiala House court issued summons against Bharti Airtel chairman Sunil Mittal in the additional spectrum grant conspiracy case, Mittal has moved the Supreme Court seeking quashing of the summons, reports CNBC-TV18‘s Malvika Jain.
The 2G trial court has cracked its whip on the poster boy of Indian telecom Sunil Bharti Mittal, the chairman of Bharti Airtel. His one-time competitors- Essar Group's Ravi Ruia, and Asim Ghosh, the former managing director of Hutchison Max are also feeling the heat.
The 2G trial court on Tuesday summoned Bharti's Sunil Mittal, Vodafone's Asim Ghosh and Essar's Ravi Ria over irregularities in the additional 2G spectrum allocated in 2002.
A Delhi court today summoned Bharti Airtel chairman and managing director Sunil Bharti Mittal in the additional spectrum allocation case. It was registered by the CBI last November for grant of additional spectrum during the NDA regime.
When talking about the major trigger for the market, Nirmal Jain, Chairman, IIFL told CNBC-TV18 that the Cyprus issue is essential as it is an indication of the ultimate fall out of the European crisis.
This is a story of a young entrepreneur, Kavin Mittal, who holds a master degree in electrical and electronics engineering and management from London's Imperial College, interned with McLaren Racing, Google and Goldman Sachs and a son of India's mobile evangelist Sunil Mittal.
The government says IOC, HPCL and BPCL will lose Rs 43,000 crore selling subsidised LPG cylinders and so the government is now looking to cap LPG cylinders per family at 6. But our parliamentarians and MPs should be the first to practice what they preach reports CNBC-TV18‘s Nayantara Rai.
Bharti Airtel today launched India’s first 4G services in Kolkata. Airtel has launched the service on a state-of-the-art network based on TD-LTE, making India one of the first countries in the world to commercially deploy this cutting-edge technology.
Bharti Airtel, country's largest telecom player, reported a consolidated profit after tax of Rs 1011 crore in the October-December quarter of FY12, a fall of 1.5% as compared to Rs 1,027 crore in previous quarter, as per International Financial Reporting Standards (IFRS).
Sunil Mittal, chairman of Bharti Airtel said the telecom industry needs policy certainty. “We have been in a state of flux for the last two-three years. We need policy certainty atleast for the next ten years,” he adds.