Trai slams CRISIL on new cable, DTH tariff regime Posted on 7th February 2019 |
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| Disputing CRISIL’s report that TV bills may go up for a majority of subscribers after the new regulatory framework for broadcasting and cable services kicked in from February 1, 2019, the Telecom Regulatory Authority of India (Trai) on Wednesday said that initial data from broadcasters shows that bills have gone down by 10-15% in metros and 5-10% in non-metros. “(CRISIL) report is based on choosing top rated channels on all India basis and considers only one weekly report (January 25, 2019) from BARC (TV rating agency). It is not based on detailed and focused analysis, supported by data, and will mislead subscribers,” Trai chairman RS Sharma told reporters. CRISIL declined to comment on Trai’s views on the report. Assuaging concerns that TV bills will go up under the new regulatory regime, Sharma explained that the basic architecture of the new framework provides for fair competition among broadcasters and real prices will be discovered after a few weeks. For the first time a subscriber can see the offered price of a TV channel. “Please understand these are early days and data sets would be available after a few weeks. Trai is constantly monitoring the situation and is in touch with cable operators and broadcasters regarding issues being faced by the people,” he assured the media. On pricing, Trai secretary SK Gupta said, “We have information from a few large distribution platform owners (DPOs) and preliminary data analysis indicates that actual savings by subscribers is around 10-15% in metro towns and 5-10% in non-metro towns. Also around 27 broadcasters across 168 channels have reduced their prices in the last four weeks.” Trai has issued a showcause notice to Bharti Airtel’s digital TV services arm over a TV black-out during migrating subscribers to the new regulatory framework for broadcasters and cable operators, which the company blamed on the massive surge in requests at the last minute. Trai sources said that they received information that during migrating subscribers, a large service provider has caused black-out on TV for a few thousand users. When contacted, a Bharti spokesperson said, “Customer experience is of paramount importance to us. We have over 15 million customers who are being migrated to the new tariff regime. Due to massive surge in last minute requests, particularly on January 31 and February 1, few customers may have experienced some delays in provisioning of channels. We remain fully committed to ensuring compliance with all Trai guidelines and will file our response to the notice.” |
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Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict Posted on 29th October 2019 |
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Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.
Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade. |
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Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices Posted on 7th October 2019 |
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The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point. On a weekly basis, the local unit slumped by 32 paise. |
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LIC pips private insurers in first-year premium growth during April-August Posted on 13th September 2019 |
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In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19. Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai). |
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Apollo Hospitals rules out further stake sale Posted on 13th September 2019 |
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Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here. |
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World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah Posted on 13th September 2019 |
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In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted. |
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