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Telenor exits India as Airtel acquires its operations

India, Feb. 23 -- Indian telecom's consolidation story continues. On Thursday, Bharti Airtel said that it will fully acquire Norwegian telecom operator Telenor's local units, including its subscribers, infrastructure and spectrum. "The decision to exit India has not been taken lightly. After thorough consideration, it is our view that the significant investments needed to secure Telenor India's future business on a standalone basis will not give ... Read More


Telenor exits India as Airtel acquires local arm to fight Reliance Jio

India, Feb. 23 -- Indian telecom's consolidation story continues. On Thursday, Bharti Airtel said that it will fully acquire Norwegian telecom operator Telenor's local arm, including its subscribers, infrastructure and spectrum, but will not pay any in cash to the later in the deal. Telenor has decided to exit India, the country, which was once its big bet. "The decision to exit India has not been taken lightly. After thorough consideration, it i... Read More


Uber-Jio alliance hints at stiffer e-wallet battle

NEW DELHI, Feb. 21 -- Mukesh Ambani-promoted Reliance Jio's partnership with Uber, the American cab hailing company announced on Monday,signals a larger battle in the mobile wallet space where Paytm leads with over 160 million users.

In Uber,too,Paytm has been a preferred partner for the longest time. But that might change.

"Digital payments have become part of our everyday lives and by integrating Jio Money a sa payment option, our riders will... Read More


Mukesh Ambani's Jio vows to stay cheaper than rest, launches Prime membership

India, Feb. 21 -- Not every one can promise to be cheaper than every other telecom operator in the country, make voice calls free forever, and offer more data at the same price than every one else. But, Mukesh Ambani, the richest Indian, and chairman of Reliance Industries, owner of Reliance Jio, is different. While Ambani, whose free data offering has started a price war, said that Reliance Jio will start charging for its services, but not befor... Read More


Mukesh Ambani promises cheaper data rates with Reliance Jio, launches Prime membership

India, Feb. 21 -- Not every one can promise to be cheaper than every other telecom operator and offer comparatively cheaper data tariffs than its competition, forever. But, Mukesh Ambani, the richest Indian, and chairman of Reliance Industries, owner of Reliance Jio, is different. While Ambani, whose free data offering has started a price war, said that Reliance Jio will start charging for its services, but not before he hurts his rival more. "La... Read More


Allegations and losses: Tata Sons' Chandrasekaran has a lot to clean up

New Delhi, Feb. 21 -- For most top executives, the job that Natarajan Chandrasekaran landed with would be a dream one. But being the chairman of Tata Sons, the group that controls the 103-year old salt-to-software conglomerate, has its own challenges. And for Chandra, as the former Tata Consultancy Services (TCS) CEO is fondly called, the time of his entry cannot be more critical. Tata Group's credibility has depleted after the boardroom battle, ... Read More


Allegations, losses and turnarounds: Tata Sons' Chandra has a lot to cleanup

New Delhi, Feb. 21 -- For most top executives, the job that Natarajan Chandrasekaran landed with would be a dream one. But being the chairman of Tata Sons, the group that controls the 103-year old salt-to-software conglomerate, has its own challenges. And for Chandra, as the former Tata Consultancy Services (TCS) CEO is fondly called, the time of his entry cannot be more critical. Tata Group's credibility has depleted after the boardroom battle, ... Read More


Uber-Reliance Jio partnership signals larger battle in mobile wallets

India, Feb. 20 -- Mukesh Ambani-promoted Reliance Jio's partnership with Uber, the American cab-hailing company announced on Monday, signals a larger battle in the mobile wallet space where Paytm leads with over 160 million users. In Uber, too, Paytm has been a preferred partner for the longest time. But that might change. "Digital payments have become part of our everyday lives and by integrating JioMoney as a payment option, our riders will hav... Read More


After Vodafone-Idea merger, RCom in talks with Tata Teleservices to take on Jio

New Delhi, Feb. 20 -- To counter the price war started by Mukesh Ambani-promoted Reliance Jio, Tata Teleservices is said to be in talks with younger brother Anil Ambani's Reliance Communication (RCom), according to a financial daily. RCom's move is in quick succession of British telecom operator Vodafone Group Plc announcing the merger of its local unit with Idea Cellular, to create the country's largest operator. The report said that Anil has in... Read More


TCS shows resilience, announces share buyback to counter visa woes

New Delhi, Feb. 16 -- Tata Consultancy Service, or TCS, India's largest IT services firm is considering a share buy back, the company informed the National Stock Exchange. "We will like to inform you that the Board of Director will consider a proposal for buyback of equity shares of the company at its meeting to be held on February 20," the company said in its letter to the bourses. TCS' decision of share buyback comes at a time when the IT indus... Read More