Finance

India expects USD 5. 8 bln revenue from telecom sector in 2019-20

February 3, 2019
India expects USD 5. 8 bln revenue from telecom sector in 2019-20

The government expects marginal growth in revenue from telecom sector at Rs 41,519.76 crore (USD 5. 8 bln ) in 2019-20, as per data published in the budget document. Union Budget 2019/Budget 2019: The government expects marginal growth in revenue from telecom sector at Rs 41,519.76 crore in 2019-20, as per data published in the […]

Posted in Finance, Government | Comments Off on India expects USD 5. 8 bln revenue from telecom sector in 2019-20

Telecom dept’s budget allocation reduced as sector faces financial crunch

February 3, 2019
Telecom dept’s budget allocation reduced as sector faces financial crunch

The telecommunications department’s allocation in financial year 2019-20 has been revised downward to Rs 8740.11 crore, as mobile service providers are expected to contribute less in the form of spectrum usage charges and other levies that are calculated on the adjusted gross revenue of telecom firms. The charges also include funds raised via spectrum auction […]

Posted in Finance, Government, Industry | Comments Off on Telecom dept’s budget allocation reduced as sector faces financial crunch

Anil Ambani’s Reliance Communications files for insolvency

February 3, 2019
Anil Ambani’s Reliance Communications files for insolvency

Reliance Communications, controlled by the Anil Ambani group, Friday decided to opt for insolvency proceedings through the National Company Law Tribunal (NCLT) after failing to sell assets to pay up debt to the tune of around Rs 45,000 crore. “RCom board of directors decides upon implementation of debt resolution plans through NCLT framework,” the company […]

Posted in Corporates, Finance, Regulatory | Comments Off on Anil Ambani’s Reliance Communications files for insolvency

Cost of telecom services in India “possibly the lowest in the world

February 3, 2019
Cost of telecom services in India “possibly the lowest in the world

While the income tax declaration was understandably the highlight factor of interim budget 2019-2020, acting Finance Minister Piyush Goyal had a bunch of interesting observations about the Indian mobile phone and telecom industries. Standing in for Arun Jaitley and stating a landmark budget that effectively contributes well to the Indian youth and middle class, Goyal […]

Posted in Finance, Government | Comments Off on Cost of telecom services in India “possibly the lowest in the world

Indian telecom services industry goes back five years in 2018 in terms of revenues

October 26, 2018
Indian telecom services industry goes back five years in 2018 in terms of revenues

The pre-Reliance Jio era saw the industry grow at 12-13% on-year from fiscals 2014 to 2016. Post a ~20% and ~10% declinein fiscal 2018, CRISIL Research expects the industry’s adjusted gross revenue (AGR) and gross revenues (GR) to declinefurther by 8-10% and 16-18% respectively, in fiscal 2019, reaching below fiscal 2013 levels. However, the corrosive […]

Posted in Finance, Industry, Performance | Comments Off on Indian telecom services industry goes back five years in 2018 in terms of revenues

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 […]

Posted in Corporates, Finance, Industry | Comments Off on Indian Telecom Sector’s Gross Revenue Dropped 8.5% in 2017

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 […]

Posted in Finance, Industry, Trends | Comments Off on India’s telecom industry: Survival of the fittest

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 […]

Posted in Finance, Industry, Market | Comments Off on Telecom sector can attract $100 billion investment under NTP 2018

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 […]

Posted in Finance, Government, Technology | Comments Off on India doubles Digital India allocation