The telecom arm of Reliance Industries snapped up airwaves worth $11 billion in a 5G spectrum auction last August and had launched 5G services in several cities.
Among the country's three major telecom players, including Bharti Airtel and Jio, the govt package was seen as a bailout for Vodafone Idea, which was on the verge of bankruptcy.
The market regulator initiated proceedings against billionaire Mukesh Ambani’s oil-to-retail conglomerate and its compliance officers, Savithri Parekh and K. Sethuraman.
Jio is seeking commitments for as much as Rs 5,000 crore of notes maturing in 5 years at a coupon of 6.20%. The firm last tapped the rupee bond market in July 2018.
The sector-wide tariff hike underscores that the bruising price war since Jio’s entry in 2016 is phasing out and will reduce financial stress for Airtel and Vodafone Idea Ltd.
JioPhone Next will run a re-engineered version of Android operating system & deliver translation features, a voice assistant & a great camera, Sundar Pichai said.
Data shows large public sector banks received highest number of complaints in absolute terms, but fared better than several private banks when looked at on complaints-per-branch basis.
For BJP, CAA was strategic move that did not quite work out because those it would benefit could’ve been accommodated under existing laws, and new entrants would remain excluded.
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