Finance

Indian Telecom Sector’s Gross Revenue Dropped 8.5% in 2017

May 18, 2018
Indian Telecom Sector’s Gross Revenue Dropped 8.5% in 2017

Telephone subscription in urban areas increased from 683.14 million at the end of December 2016 to 688.25 million at the end of December 2017 at the yearly growth rate of 0.75 percent. The gross revenue of the telecom service sector declined from Rs 279,591 crore in 2016 to Rs 255,655 crore in 2017 with a […]

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India’s telecom industry: Survival of the fittest

March 5, 2018
India’s telecom industry: Survival of the fittest

With Aircel filing for bankruptcy on Wednesday, the last of the small telecom companies is out of the way. It leaves the behemoths—Bharti Airtel, Vodafone-Idea and Reliance Jio—to slug it out. Late last year, telecom secretary Aruna Sundararajan said 2017 had been a year of consolidation for the sector, while 2018 would be a year […]

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Telecom sector can attract $100 billion investment under NTP 2018

February 6, 2018
Telecom sector can attract $100 billion investment under NTP 2018

The telecom sector should be able to address global requirements and attract investments of about USD 100 billion by 2022 under the new policy in works, as per suggestions made by sector regulator Trai. The regulator recommended that under the new policy framework, the telecom sector should be able to generate 20 lakh jobs, achieve […]

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India doubles Digital India allocation

February 6, 2018
India doubles Digital India allocation

The Government has doubled the allocation for Digital India programme to INR 30.73 billion in 2018-19 and will launch a mission to support establishment of Centres of Excellence. “Combining cyber and physical systems have great potential to transform not only innovation ecosystem but also our economies and the way we live,” Finance Minister Arun Jaitley […]

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Telecom sector leads M&A activity in India with six deals

February 6, 2018
Telecom sector leads M&A activity in India with six deals

Corporate India’s deal tally, including M&As as well as private equity, amounted to USD 60.5 billion driven by big ticket consolidation and the outlook for remains bullish for this year, says a report. According to assurance, tax and advisory firm Grant Thornton, there were 1,147 deals (M&A and PE) worth USD 60.54 billion last year. […]

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India mobile sector to create USD217 bn value by 2020

October 4, 2017
India mobile sector to create USD217 bn value by 2020

Indian mobile industry is expected to create economic value of about USD 217 billion and create 5 million jobs by 2020, telecom minister Manoj Sinha said, reported PTI. “The Indian mobile industry is expected to create a total economic value of Rs 14 trillion, about USD 217.37 billion, by the year 2020. It would generate […]

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Access Softek mobile banking platform integrates Ondot card control

October 3, 2017
Access Softek mobile banking platform integrates Ondot card control

Ondot Systems, the leading provider of mobile-based card services platforms, has integrated its solution with Access Softek to deliver a unified mobile banking and card control experience to financial institutions. Ondot’s and Access Softek’s mobile banking and card services platform provides users with a unified application that can control all card settings with just a […]

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Ondot Systems: Fortifying a House of Cards

October 3, 2017
Ondot Systems: Fortifying a House of Cards

Banks and credit unions in the USA are finding new ways to empower their cardholders with proactive control and instant visibility over their transactions. Greater customer engagement and confidence in card security is driving card usage while lowering fraud costs. It also has positive implications for legislative compliance, according to Ondot Systems Inc. Two cars […]

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Indian telecom market likely to cross Rs 6.6-trillion revenue by 2020

August 29, 2017
Indian telecom market likely to cross Rs 6.6-trillion revenue by 2020

Indian telecom industry has seen a paradigm shift from a voice centric market to a data-centric market and it is expected to cross Rs 6.6 trillion revenue mark by 2020, IANS reports quoting Communications Minister Manoj Sinha. The report quoting him as saying that while voice business still contributes a large chunk towards operator revenues, […]

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