Anil Ambani on Tuesday said there has been a 'creative destruction' of the telecom sector that has resulted in creation of oligopoly which is going towards a duopoly and may be even a monopoly in the future.

Ahead of festive showdown, Flipkart pumps in Rs 3,463 crore to boost salesFlipkart is aiming at achieving 50 per cent of all smartphone sales during the upcoming festive month. Keeping the ambitious plan in mind, Flipkart has pumped in Rs 3,463 crore into its online marketplace, Flipkart Internet. This is the first biggest capital infusion by the Walmart-backed e-commerce giant ever since the US-based retail behemoth acquired a majority stake in the company. RCom to exit tele...

Anil Ambani said that the first priority for RCom, which is credited for democratising telecom services through cheaper offers in early 2000s, is to resolve its over Rs 40,000 crore debt.

The proposals floated by the DoT reportedly include combining all telecom levies into one charge, on the lines of the GST that subsumed indirect taxes. Most of the disputes relate to multiple levies under different heads such as licence fees, spectrum usage charges and one-time spectrum fee

The teleco is reportedly setting up two earth stations in Mumbai and Nagpur, and will set up two mini hubs in Leh and Port Blair for the latest satellite backhaul-based services that will provide connectivity in areas like the North East, Jammu and Kashmir Uttaranchal, Andaman Nicobar, and Lakshadweep.

Uber in talks with Indian regulators to understand modalities of aerial taxisRide-hailing app Uber, which is considering India among five global locations for its futuristic aerial taxi service, said it is in talks with regulators in the country to gauge the modalities and constraints of offering such a service. Last week, the Softbank-backed Uber had said it is considering India along with countries like Japan and France to be a part of Uber Elevate -- its aerial taxi service tha...

Aruna Sundararajan is setting the agenda for the telecom sector's next phase of growth.

This deal has also raised eyebrows since Buffett had long refused to invest in the tech space saying that it was too difficult to predict which tech businesses will prosper in the long run.

Anil Ambani-led Reliance Communications (RCom) today said it has completed the planned sale of optical fibre assets worth Rs 3,000 crore, to Mukesh Ambani-backed Reliance Jio Infocomm (RJIO).

Amazon plans to invest $700 mn in the Future GroupJeff Bezos-led Amazon in India has begun formal negotiations with Kishore Biyani's Future Group to invest around $600-700 million for a 12 to 15 per cent stake in the retail major as reported by the Business Standard. The two entities have signed a term sheet to take the talks further, sources said. This denotes the two sides have officially entered a pact. If the deal materialises it will most likely be a combination of cash and...

Warren Buffett's Berkshire Hathaway is in talks to invest about Rs 2,000-2,500 crore in Paytm parent One97 Communications - possibly the first direct investment in India by the legendary investor.

The transaction entailed 248 nodes covering close to 5 million sq. ft. of area, used for hosting the telecom infrastructure, all of which now stands transferred to Jio, RCom said in a statement.

The number of telephone subscribers in India increased from 115.35 crore at the end of May 2018 to 116.88 crore at the end of June 2018. Reliance Jio added over 97 lakh new connections during the month.

Reliance Jio adds over 9.71 million subscribers in JuneThe mobile subscriber base in the country increased to 114.65 crore with net addition of 1.55 crore in the reported month. Reliance Jio led the growth in mobile segment by adding over 97 lakh new connections during the month. It was followed by Idea Cellular which added over 63 lakh new connections. Vodafone saw an addition of over 2.75 lakh new mobile connections, BSNL 2.44 lakh and Airtel 10,689. Tata Teleservices, which i...

The 'Change the World' list, which includes for-profit companies that help tackle social problems, was released on Monday. It ranked Jio ahead of pharma giant Merck and Bank of America and Chinese billionaire Jack Ma-led Alibaba.

Thales India, part of the Thales Group - one of the world's largest defence suppliers - is betting big on India along with China and the US. Of late, Thales has acquired a few companies in the digital space to expand in data analytics and cybersecurity. Patrice Caine, Chairman and CEO of the Thales Group, speaks to Business Today's Prosenjit Datta and Manu Kaushik on the next big areas and what makes India attractive. Edited excerpts:

The court asked RCom to pay Rs 550 crore to Ericsson by October 1. It also directed Anil Ambani to give an undertaking to pay the amount to Ericsson.

Apple becomes first publicly listed US firm to hit $1 trillion stock market valuationApple Inc became the first $1 trillion publicly listed U.S. company on Thursday, crowning a decade-long rise fueled by its ubiquitous iPhone. The iphone transformed it from a niche player in personal computers into a global powerhouse spanning entertainment and communications. India likely to postpone raising tariffs on U.S. goodsIndia plans to delay the imposition of retaliatory duties on U.S....

Mukesh Ambani-led Reliance Jio has advanced by a day the launch of its monsoon 'hungama' scheme that would offer its JioPhone to customers for Rs 501 to July 20.

The long-pending merger of Idea Cellular and Vodafone India had received a go-ahead from the DoT on July 10. The department says the dues demanded are just fine, and both these companies need to pay up at the earliest.