Telecom operator Bharti Airtel had yesterday confirmed that it has received demand notices towards penalties totalling Rs 11 lakh for six circles for the quarter ended March 2018.

Reliance Communication is racing against time to conclude the deal with Reliance Jio to sell its wireless business, towers, fibre and media nodes, for about Rs18,000 crore.

The deal to buy 36 Rafale fighter jets was signed when Prime Minister Narendra Modi visited France in April 2015. Congress President Rahul Gandhi has accused the government of changing the deal to benefit \"one businessman\".

Ambani, 61, has been on the board of Reliance Industries Ltd (RIL) since 1977 and was elevated as Chairman of the company after the death of his father and group patriarch Dhirubhai Ambani in July 2002.

India's oil ministry has asked refiners to prepare for a 'drastic reduction or zero' imports of Iranian oil from November, two industry sources said, the first sign that New Delhi is responding to a push by the United States to cut trade ties with Iran.

The competitive intensity in telecom industry further intensified since January 2018 after the new entrant started passing on the benefits of cut in interconnect usage charges to customers through lower tariff, a Crisil report said.

The Cabinet decisions include restructuring the deferred payment liabilities of the spectrum auction of telecom service providers and revising the limit of the cap for spectrum holding for telecom service provider.

An arbitration tribunal on Tuesday restrained Reliance Communications Ltd and two of its companies from transferring or selling any assets without its permission.

The service has been under testing since more than a year in various Indian cities. However, a new report now suggests that this broadband service will begin as early as next month.

The bank's bad loan provisions for the quarter jumped to Rs 2,521 crore form Rs 1,582 crore a year ago as its gross non-performing assets rose to 13.03 per cent from 11.70 per cent, and net NPAs inched up to 6.96 per cent from 6.95.

The company has already joined hands with Alibaba and five other partners, generating $300 million in commitments for the cable systems.

So brace up for more fireworks in the telecom sector in 2018. In the short run, it will also be good for consumers as data offers will get more attractive. In the long run, it will probably not be all that good because just two or three dominant players is never good for the consumer.