The insolvency pleas follow two separate insolvency petitions filed by China Development Bank and telecoms gearmaker Ericsson.
Given his government’s record of inaction, however, the latest disclosures are also likely to sink without a trace.
Mukesh Ambani, who has topped the Forbes’ annual list of India’s richest 100 for the tenth year, saw his net worth go up by 67%.
Reliance Jio has so far denied all media reports and user accounts of a data leak.
The company has two deals in the pipeline which are projected to reduce its debt by 60%.
Reliance said the additional investment is required for its fibre network as it expands Jio’s 4G reach.
New offer comes less than a week after India’s telecom regulator “advised” the Mukesh Ambani-backed company to drop its Summer Surprise free data offer.
There’s a thin line between ushering in a new, digital telecom revolution and taking decisions that favour one particular player.
The report, released by Oxfam said that the richest 1% of the world has owned more wealth than the rest of the planet put together since 2015.
The three month extension of free data is Jio’s way of dealing with abundant quality of service issues, a failing hardware strategy and second SIM syndrome.
The telecom regulator slaps a Rs, 3050 crore fine on Airtel, Vodafone and Idea while accusing them of stifling competition and engaging in anti-consumer behaviour.
If Jio’s cutthroat disruption eventually leads to the dominance of just one or two players, it may not be good for consumers in the longer run.
This is the third interview Modi has given to the Indian media since he became PM and the pattern is clear. Either the PMO has very restrictive ground rules on what can and can’t be asked, or Indian journalism ain’t what it ought to be.
Multiple political and advertisement industry stakeholders emphasised that it was highly unlikely that this brand campaign would have occurred without prior intimation on the part of Reliance.
As Ambani channels his inner Steve Jobs and looks to shake-up Internet connectivity, the bloodbath that will follow needs to be monitored to ensure that the industry’s competitiveness and viability remains intact.
Devoting an hour of his speech at the RIL’s 42th Annual General Meeting, the billionaire industrialist said Jio is targeting acquiring 100 million users in the shortest possible time.
The license conditions for telecom operators do not clearly specify when free trials should end and when commercial operations must begin. Reliance is using this loophole to expand its market to as much as possible.
The biggest black money case that has come up so far is that of the Adani group, promoted by Gautam Adani, one of Modi’s closest associates, writes Josy Joseph in his book A Feast of Vultures: The Hidden Business of Democracy in India. Here’s an excerpt.
Swaraj Abhiyan founder Prashant Bhushan discusses the Essar tapes and other scams, the role of whistleblowers and his fallout with Arvind Kejriwal.
An interview with Suren Uppal, who has submitted the twenty-seven incriminating conversations to the prime minister’s office and asked for a probe.
Suren Uppal spoke to The Wire about the timeline of events in the ‘Essar tapes’ case, how the company intercepted the calls of many government officials and businessmen, the nature of these calls and the implications of the recordings.
The Department of Telecommunications submitted its recommendations to the attorney general’s office last week, in order to make sure it has covered all its bases.
The Apple CEO’s goal could also be about demystifying the company while making it more accessible to the government, the country’s tech ecosystem and Indian consumers.
An excerpt from Sue the Messenger: How legal harassment by corporates is shackling reportage and undermining democracy in India
Auctions, whether at Christie’s or Sotheby’s for works of art, or of telecommunications spectrum by the government of India, are fascinating psychological games. When the interests of large competing corporate groups are involved, not surprisingly, allegations are aired of criminal intent by manipulation of rules. Even as the […]
While the entire media went to town reporting on the Mukerjeas in excruciating detail, many publications and TV channels have been circumspect in mentioning the Reliance connection.
Auditor pulls up Department of Telecom for causing loss of thousands of crores by favouring, failing to impose fines on private operators