COMMUNICATION
Telecom services suspension must not exceed 15 days, must specify reason: Ministry
The Ministry of Communications has said any temporary suspension of telecom services must detail the reasons, specific geographical areas, and duration. Orders must be reviewed by a committee within five days. These changes aim to provide clarity and oversight in the process.
Sebi proposes mandatory maintenance of communication record for 8 yrs
Markets regulator Sebi on Thursday proposed to make it mandatory for all entities regulated by it to maintain communication records, including acknowledgements, for at least eight years.
US, Chinese officials to wrap up talks on Taiwan, military communication
U.S. National Security Adviser Jake Sullivan recently held talks in Beijing with General Zhang Youxia, a top Chinese military official and a close ally of President Xi Jinping. The discussions, which lasted three days, aimed to reduce tensions between the U.S. and China. Sullivan emphasized the importance of military communication to prevent conflicts, while Zhang acknowledged the significance the U.S. places on military security.
Paytm gets govt nod for downstream investment into payment services arm
Paytm got approval from the finance ministry to invest in its payment services business, the fintech firm said on Wednesday. With the approval, the payment services business will resubmit application for its payment aggregator license.
Tech firms must comply with Malaysia's laws, minister says amid backlash over social media licensing plan
The Asia Internet Coalition (AIC) - whose members include Google, Meta and X - had made the call in an open letter to Prime Minister Anwar Ibrahim, citing a lack of clarity over the proposed regulations.
Reliance Power shares continue their losing streak, tumble 14% in 3 days
Anil Ambani's Reliance Power shares fell 5% for the third consecutive day after SEBI barred Ambani from the securities market due to fund siphoning allegations. Shares of Reliance Home Finance and Reliance Communications also dropped. Despite Ambani’s resignation, Reliance Power claimed the SEBI order does not impact its operations.
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Call, messaging apps must comply with rules for nation's security like telcos, COAI says
Indian telecom operators, through COAI, urged that OTT apps like WhatsApp and Telegram should comply with the Telecommunications Act 2023. They emphasized that these communication services must align with security directives and regulatory oversight, similar to telecom operators, to ensure an equal playing field and curtail security risks.
Paytm issues clarification on Sebi show-cause notice, says not a new development
One 97 Communications, the operator of Paytm, said that the show-cause notice related to founder Sharma's classification as a promoter was already disclosed in its financial results for March and June quarters. The company maintains it adheres to SEBI regulations regarding ESOPs and reported no financial impact from the notice.
Reliance Power shares tumble 10% in 2 days after Sebi ban on Anil Ambani
Reliance Power Share Price: The stock of Reliance Power, controlled by Anil Ambani, dropped 10% in recent trading sessions following SEBI's decision to restrict Ambani from the securities market for fraud-related charges. Although Ambani resigned, Reliance Power clarified that the SEBI order does not impact its business operations.
Anil Ambani Group shares fall up to 14% on Sebi ban, fine
Shares of Anil Dhirubhai Ambani Group (ADAG) fell up to 14% on Friday following SEBI's five-year market ban on Anil Ambani due to allegations of fund siphoning from Reliance Home Finance. Reliance Home Finance shares hit the 5% lower circuit limit, dropping to Rs 4.46 on the BSE, while Reliance Power shares fell 5% to Rs 34.45.
No DoT plan to regulate WhatsApp, similar communication OTTs
The Department of Telecommunications has indicated that apps like WhatsApp and Telegram will not be regulated under the new Telecommunications Act, despite telecom companies' push for such measures. The Act is aimed primarily at licensed telecom operators, and future guidance on app regulation may come from the Ministry of Electronics and IT.
6 career options to taste success after completing a BA Hons (English)
A BA Honours (English) degree provides diverse career options beyond teaching, including roles in writing, editing, journalism, and media communication. Graduates can also pursue translation work or prepare for civil services exams. The degree fosters critical thinking and analytical skills, enhancing prospects in various fields.
Telcos target 10% share of all global 6G patents in 3 years
India's telecommunications sector set a three-year goal to capture 10% of future global 6G patents. Chaired by Minister Jyotiraditya Scindia, the panel also discussed contributing significantly to global telecom standards, emphasizing the need for better connectivity and quality of services. The initiative includes promoting investments and technology advancements in line with India's requirements.
Anil Ambani: How the world's former 6th richest man became bankrupt, banned in just over a decade
Anil Ambani and 24 other entities have been banned by SEBI from the securities market for five years due to fund diversion allegations at Reliance Home Finance Limited. SEBI imposed a ₹25 crore fine on Ambani. Additionally, the Supreme Court overturned an ₹8,000 crore arbitral award involving Ambani's Reliance Infrastructure subsidiary. Ambani's financial struggles continue amid extensive legal challenges and failed ventures.
Trai proposes lower cost structure for public Wi-Fi providers under PM-Wani
This comes after Trai noted that in the name of commercial agreement, TSPs/ISPs are often pushing public Wi-Fi providers to connect the access points using the expensive internet leased line (ILL) instead of the regular FTTH broadband connection, popularly called home broadband.
CPaas is here to stay, says new CEO of Sinch, Laurinda Y Pang
Mobile phone companies in India have failed to eliminate the need for cloud-based communication services despite offering messaging and calling services at reduced prices. Laurinda Y Pang, CEO of Sinch, stated that telecoms do not possess the necessary sales capabilities to effectively deliver CPaaS solutions, leading to unsuccessful market disruptions.
Paytm parent One 97 Communications to hold its 24th AGM on September 12
One 97 Communications, managing Paytm, will hold its annual general meeting on September 12. The firm released its FY 2023-24 annual report on Wednesday. Despite an increase in consolidated loss to Rs 838.9 crore for Q1, Paytm anticipates improvement from Q2 FY 2025 through cost optimization and enhanced operating metrics. Revenue and EBITDA before ESOP remained on par with predictions.
Zomato approves acquisition of Paytm's entertainment ticketing business
One 97 Communications is selling its movie and events ticketing businesses to Zomato. This will be done by first transferring these businesses to its subsidiaries OTPL and WEPL, and then Zomato will acquire these subsidiaries, making them its own.
India GCC is miniature version of Verizon’s global operations, CEO Hans Vestberg says
Verizon Communications’ global capability centre in India has expanded to over 7,065 employees, making it the company's biggest presence outside the US. Starting with basic tasks 20 years ago, it now handles R&D, data analytics, and 5G solutions. CEO Hans Vestberg emphasized the centre’s importance in Verizon’s global operations.
Paytm may achieve profitability by 2027, upside lies in being acquired by banks or corporate: Bernstein report
As a “middle path”, Bernstein suggested that if Paytm manages to attract a large investment for a sizable stake from a major corporate house, then there is a chance for the business to revive faster and also get some protection from future regulatory shocks.
Why project management plays a critical role in an entrepreneur's life
Project management is essential for entrepreneurs, transforming thoughts into reality. The essence of project management is to plan, organise, and execute tasks in an efficient manner.
Telcos push for regulating OTT communication apps
Telecom companies have pushed for regulators to bring communication apps like WhatsApp into regulatory licensing. They supported the idea for a single Unified Services Authorisation to simplify telecom regulations. Industry bodies had mixed reactions, with some cautioning against structural changes and others urging expansion of ISP license scope.
Telcos disconnected 73 lakh mobile connections failing reverification: MoS Communications
Telecom companies have disconnected nearly 73 lakh mobile connections for failing reverification, flagged due to fake proof of identity or address. The Department of Telecommunications identified about 81 lakh such connections. Minister Pemmasani Chandra Sekhar also revealed that 66 lakh connections exceeding the limit were cut, bringing the count within prescribed limits.
Tata Communications pension case: Delhi HC dismisses employee union's petition
The pension scheme had provided for commutation of pension and return of capital along with reduced pension to the employees.
Vandalism hits communication lines in France during Paris Olympics
The French government reported acts of vandalism affecting telecommunications lines amid the Paris 2024 Olympics. This follows arson attacks on train networks, causing travel disruptions. The damage impacted fiber, fixed, and mobile lines in several regions, including Marseille, an Olympic event host city. A national investigation is ongoing, with no arrests yet connected to the train sabotage.
Gautam Gambhir is clear in his intent and communication: Shubman Gill
India's vice-captain Shubman Gill praised new head coach Gautam Gambhir for his clear communication and vision. Gill, aiming to be an all-format player, expressed excitement for upcoming matches and partnerships. He mentioned the coaching transition and highlighted the new strategies under Gambhir and assistance from Abhishek Nayar.
Tata Communications’ overseas revenues continue to outgrow India: CEO
For the April-June 2024 period, the company reported a 12.78% decline in net profit to Rs 332.93 crore for Rs 381.75 crore from a year ago. On-quarter basis the profit was up 3.54% from Rs 321.52 crore posted in the March-end quarter. During the first quarter of fiscal 2025, Tata Communications’ income from operations stood at Rs 5,659.71 crore having increased 14.1% on-year comparison, but decreased 1.55% sequentially
FCRA licence of Centre for Education and Communication cancelled
The MHA had on June 29 given further extension of three months to NGOs whose FCRA registration was pending till September 30, 2024. Email queries sent to the CEC on July 8 remained unanswered. However, representatives from the NGOs told ET that the licence has been cancelled on arbitrary grounds and that they will take up the matter with authorities.
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