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Monday, June 25, 2018
DoT 'unlikely' to recover Rs 6,000-crore Aircel dues

DoT 'unlikely' to recover Rs 6,000-crore Aircel dues

Senior officials in the department say they don’t expect the company, dragged by a debt of Rs 19,000 crore just to financial lenders, to be in a position to repay even a part of the money it owes to its creditors, any time soon. The telco, owned by Malaysia’s Maxis, owes roughly Rs 50,000 crore to all types of creditors, including financial and operational.....more

Today’s headlines
Broadcast
Fake news proving deadly in India: BBC
Fake news spread instantaneously over WhatsApp chat groups and Facebook is causing a firestorm in India and resulting in the loss of lives, warns the BBC in a new investigative report from Bengaluru...... more
Enterprise
OnMobile Global bets big on mobile gaming to drive growth
Mobile value added services firm OnMobile Global is banking on video and gaming to be its growth drivers. Listed on both the NSE and the BSE, the Bengaluru-based company has a presence in over 50 countries and focusses on providing mobile..... more
Legal & Patents
Idea-Vodafone merger may get delayed as DoT readies fresh demand of Rs 4,700 crore
The mega-merger deal of Idea Cellular and Vodafone India may not meet the expected June 30 timeline as the telecom department is looking to raise a fresh demand of around Rs 4,700 crore, a source said. The demand will be raised from Vodafone.... more
Policy & Regulation
Govt mulls bailout package for sick telecom PSUs
The prime minister’s office and the department of telecom have discussed a survival mechanism for telecom PSUs BSNL and MTNL whose revenue, market share and subscriber base continue to erode. According to sources, under the plan 4G spectrum... more
Reports
E-tailers focus on AI to cut costs and frauds
E-commerce companies are focusing on artificial intelligence and virtual reality with a view to cut logistics costs and identify fraudulent orders, said a report by global auditing and consulting firm PwC. With an emerging middle-class population... more
VAS
WhatsApp may back payments from UPI apps
In a statement to ET, a spokesperson of the California-based instant messaging app confirmed that it uses parent Facebook’s infrastructure for offering payments in India, but ensures that the data stored is encrypted and is not used for... more
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