November 25th, 2021 12:06 PM 0 COMMENTS

Vodafone Idea to Benefit Most if DoT Returns Bank Guarantees

Vodafone Idea (Vi) is going to be the biggest beneficiary out of all the private telecom operators if the government decides to return the bank guarantees to the telcos. The Department of Telecommunications (DoT) is likely going to tell the Supreme Court that it plans on returning the bank guarantees (BGs) to the telcos, even the BGs that are currently sub judice. According to an ET Telecom report, the returned... Read More

November 12th, 2021 4:50 PM 0 COMMENTS

Airtel Payments Bank Poised to Grow Further in the Next Year

In the September quarter of this year, Airtel Payments Bank (APB) turned profitable. Now, it plans to double its business correspondents network across the country and drive monetisation via a combination of internet-based income and transactions apart from boosting revenues from cash management services in the B2B segment, revealed senior industry executives familiar with the matter. Airtel Payments Bank Poised to Grow Over the next 12 months, APB is eyeing... Read More

November 10th, 2021 9:00 AM 0 COMMENTS

Vodafone Idea Could Get Easier Repayment Terms from Banks

Vodafone Idea (Vi) could soon get easier repayment terms from the banks. But this will only happen if the promoters of the company pitch in with additional capital or if the telco somehow manages to raise fresh funds. According to an ET Telecom report, Vodafone Idea is currently in talks with the banks and lenders, including the State Bank of India (SBI), which alone has an exposure of about Rs... Read More

October 15th, 2021 12:44 PM 0 COMMENTS

Airtel Payments Bank Allowing Users to Invest in Gold for Just Rs 1

Airtel Payments Bank, a subsidiary of Bharti Airtel had earlier announced that users could purchase digital gold directly through the Airtel Thanks mobile application of the company. This Navratri, if you have been thinking about purchase gold, Airtel Payments Bank can help you do that from the comfort of your home. Airtel Payments Bank had earlier announced the launch of ‘DigiGold’. The company had launched ‘DigiGold’ in partnership with ‘SafeGold’,... Read More

September 28th, 2021 1:07 PM 1 COMMENTS

Airtel Payments Bank Will Help Stellapps to Offer Banking Services to Small Dairy Farmers

Airtel Payments Bank, a digital finance arm of Bharti Airtel will now be helping Stellapps, one of the leading dairy startups in India, with providing banking services to small dairy farmers across the country. Stellapps offers holistic financial management programs across the dairy value chain, with special programs designed to improve financial inclusion for dairy farmers through its mooPay FinTech Platform. Stellapps has been closely working with dairies and their... Read More

September 23rd, 2021 8:45 PM 2 COMMENTS

WhatsApp Banking Big on Payments Service In India

WhatsApp Payments, the UPI payment feature was rolled out to the instant messaging platform a few years back and was recalled due to several reasons. Again, it was rolled out to users earlier this year but it failed to get enough traction. Now, in an attempt to gain traction, WhatsApp Payments might follow the footsteps of Google Pay. Reportedly, WhatsApp is intending to give cashbacks to users who send money... Read More

September 22nd, 2021 1:24 PM 3 COMMENTS

Huawei Banking on 5G Revenues from India

Huawei, a Chinese multinational telecom equipment gear maker, is optimistic about its India plans. The company believes that it can have a key role in the development of 5G in India. It is worth noting that the Indian government had asked the telcos not to include any Chinese company in their 5G trials. Despite that, Huawei is banking on 5G revenues from India. Huawei is continuously working and communicating with... Read More

September 17th, 2021 3:55 PM 1 COMMENTS

Airtel Payments Bank Rewards123Plus Account Available at Rs 499 Per Year With Free Disney+ Hotstar

Airtel Payments Bank today announced the launch of Rewards123Plus digital savings account which will be available for users at an annual fee of Rs 499 which aimed to offer multiple cashbacks and benefits. In addition to the assured benefits on different types of digital transactions, the Rewards123Plus account also offers a one-year Disney+ Hotstar Mobile subscription to the users. Airtel Payments Bank Rewards123Plus Savings Account Will Offer Disney+ Hotstar Customers... Read More

September 17th, 2021 8:55 AM 2 COMMENTS

Bharti Airtel, Vi Might Get Total Rs 22,000 Crores of Bank Guarantees Back from DoT

Both Bharti Airtel and Vodafone Idea (Vi) might get a total of Rs 22,000 crores back from the Department of Telecommunications (DoT) if they opt for the moratorium of spectrum payments for the next four years. The Rs 22,000 crores in concern here are the Bank Guarantees (BGs) that the telcos had provided to the DoT. Out of the Rs 22,000 crores, Vodafone Idea will get Rs 14,000 crores and... Read More

August 31st, 2021 1:15 PM 0 COMMENTS

Bharti Enterprises to Get Airtel Payments Bank Shares Worth Rs 294 Crore

Bharti Enterprises is getting Airtel Payments Bank shares worth Rs 294 crores from the Kotak Mahindra Bank. Airtel Payments Bank Limited (APBL) is the finance arm of Bharti Airtel. The Kotak Mahindra Bank is selling its 20 crore shares in the APBL to Bharti Enterprises for a cash consideration of Rs 294 crore. Kotak Mahindra Bank will be selling its 8.57% stake in the Airtel Payments Bank Limited (APBL) to... Read More

August 26th, 2021 12:32 AM 4 COMMENTS

COAI Asks DoT to Redefine AGR, Remove Bank Guarantees

The Cellular Operators Association of India (COAI) has asked the government to completely remove the system of bank guarantees (BGs) for the telcos. Further, the industry body has asked for redefining the adjusted gross revenue (AGR) dues. Both have become issues for the industry, particularly Bharti Airtel and Vodafone Idea. Through a tweet, SP Kochhar, Director General, COAI, said that the AGR definition should only include telecom revenues. In another... Read More

August 24th, 2021 5:33 PM 0 COMMENTS

Bharti Airtel Bank Guarantees Not to be Invoked: SC to DoT

The Supreme Court (SC) has directed the Department of Telecommunications (DoT) to not invoke bank guarantees (BGs) against Bharti Airtel. The government was seeking the adjusted gross revenue (AGR) dues from Bharti Airtel that Videocon Telecommunications (VTL) owed. The amount sought by the telecom department was Rs 1,376 crore. According to an ET Telecom report, DoT had ordered Bharti Airtel to pay the due amount within a week or else... Read More

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