Tariff Hike

He pledges higher levy on goods from Canada, Mexico, China

Vi CEO says talks are on with lenders, who remain in wait-and-watch mode

The impact of mobile phone service tariff hike was evident in July with Reliance Jio, Bharti Airtel, Vodafone Idea reporting loss of customer base, which resulted in an overall decline in telecom subscribers in the country. Reliance Jio, Bharti Airtel and Vodafone Idea increased their mobile service plan rates in the range of 10-27 per cent in the first week of July. Airtel and Vodafone Idea have more than doubled their entry-level mobile rates in the last 2-3 years to Rs 199 that comes with 28 days validity. State-run BSNL was the only player that added new subscribers and led the market in terms of new net customer addition, according to a monthly subscribers report released by the Telecom Regulatory Authority of India on Friday. According to the report, BSNL added over 2.94 million mobile subscribers in July. Bharti Airtel lost 1.69 million mobile subscribers which was highest among its peers. Vodafone Idea and Reliance Jio lost 1.41 million and 758 thousands mobile subscribers

Chinese officials warned a delegation of top US executives visiting Beijing this week that higher tariffs on imports from China will harm their businesses inside the country. The delegation of influential business people belonging to the US China Business Council, including the CEOs of FedEx and Micron, followed a top-level meeting last week where ruling Communist Party leaders endorsed a blueprint for policies that included numerous pledges to improve the business environment for foreign investors. But they also vowed greater vigilance in protecting state secrets, a potential minefield for foreign businesses that face intense scrutiny of their China operations by authorities. Both the US and China have cited national security concerns in imposing restrictions on trade and investment, and American businesses have at times been caught in the middle. Beijing has objected strenuously to Washington's moves to hike tariffs on Chinese-made products and limit Chinese access to advanced ...

LGES' potential partnerships come as the global EV industry is grappling with a sharp slowdown in demand, and underscore growing pressure non-Chinese battery firms

Industry ARPU may rise 15% to Rs 220 in FY25

In the post-paid segment, tariff adjustments range from 10-20 per cent, with popular plans seeing increases of 10-13 per cent

Jio's competitors have been clamouring for tariff hikes for months now, and are expected to soon announce hikes of their own

The likely tariff increase will help inject new life into a sector that has grappled with cut-throat competition and aggressive policy actions in recent years, said Niket Shah

From connecting people with 5G services to lowering the cost of operations, the country's revitalised telecom sector is witnessing the bloom of reforms, and is set to attract more than Rs 1.5 lakh crore investments to build up networks in the new year. Once the poster boy of India's growth story, then a debt-laden segment that saw many players withering away and now riding the wave of reforms as well as big-ticket investments, the telecom sector turned a new chapter in 2022. While the Adani group is yet to unveil its full-fledged plan for the telecom business, Reliance Industries Chairman Mukesh Ambani has committed Rs 2 lakh crore investment for rolling out a 5G network across the country by December 2023. "It has been an exciting year because of the launch of 5G, a much-awaited technology for 4-5 years. This is a big step forward. We look forward to a robust rollout of 5G next year because this year is just the beginning. "We are all working on use cases. We are telling state ...

Tariffs are hiked by telcos to maintain a healthy average revenue per user (ARPU)

Analysts at Jefferies said Jio's approach to 5G has striking similarities to its approach to 4G with the company investing aggressively-potentially ahead of time-to create a state of art network

The Congress-led UDF opposition on Monday sought an adjournment of the Kerala assembly proceedings to discuss the increase in power tariffs

Industry lobby responds to regulator's consultation paper on the New Tariff Order (NTO 2.0) in the sector.

A growth in average revenue per user is essential for the industry to invest in the network and spectrum, and if they do not do so, it can result in poor service offerings, Crisil said in a report

Bharti Airtel's India MD and CEO, during an investor call, said that the company was able to gain 4G customers even as the shortage of electronic chips led to an increase in the prices of smartphones

Says subscriber churn post tariff hike last November not significant; effect of 20% hike has been absorbed in third and fourth quarter, helped Vi to register growth in revenue and ARPU

Telecom operator Bharti Airtel's management has affirmed ambitions of Rs 300 ARPU with further tariff hikes and continued 'premiumisation' during a recent analyst meet, according to multiple reports

Aim to conclude fundraising exercise this financial year, says Ravinder Takkar

The hike coupled with consistent upgradation of subscribers to 4G from 2G and increase in usage of telephony services is expected to result in improvement in industry ARPU