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Recruitment At RCom Declined By 94 Percent

14Jun By Gauri SinghNo Comments

BUSINESS

Recruitment At RCom Declined By 94 Percent

The Anil Dhirubhai Ambani-led telecom company Reliance Communications has stated that the total number of jobs and recruitment in the company have reduced to 3,400 at present by about 94 percent from a high level of 52,000. The jobs at the RCom was at its peak at around 2008-10. But gradually the number has decreased, maybe due to the pressure of debt. The company is losing its balance lately under a debt of around Rs 45,000 crore. "Total number of people in the RCOM group: from peak of approximately 52,000 to current 3,400, a reduction of approximately 94 percent," RCom said in a filing. The company has closed its mobile services business this year in January and continues to provide business-to-business (B2B) telecom services. The telecom firm in the filing stated that its B2B depar...

For Mukesh Ambani Right Team and Using Investors Money Carefully is a Path To Success

15Feb By AnkitaNo Comments

Entrepreneurs Talk

For Mukesh Ambani Right Team and Using Investors Money Carefully is a Path To Success

Reliance Industries chairman Mukesh Ambani, who is betting big on data-driven telecom with his Jio Infocomm, today described the digital play sweeping the world as the fourth industrial revolution and said data is the "new oil". "The foundation of the fourth industrial revolution is connectivity and data. Data is the new natural resource. We are at the beginning of an era where data is the new oil," Ambani said at the opening day of 3-day Nasscom leadership forum here. Salient feature of this revolution is "convergence of the physical biological and digital sciences" and "we are on the verge of an exponential change", he said. Predicting that India will be a key player in this revolution, Ambani said with "our large talent base, we will have a competitive advantage in this era." ...

18Jun By Press Trust of IndiaNo Comments

INDIA

Indian Govt Plans to Launch Postal Payments Bank By September

Union Minister Ravi Shankar Prasad today said the Centre plans to launch Postal Payments Bank in September with the aim to make it the world's largest bank. "I had plans to launch the proposed Postal Payments Bank, which can be described as moving ATM, in next three years but when the proposal was taken up in the cabinet, I was asked to introduce it by September 17," the Union Telecommunication and IT Minister said at a Vikas Parv function here. The minister said the officials of the department have been directed to initiate necessary steps to launch it by September 16/17. The proposed bank will be introduced in 650 districts across the country, he said, "we have plans to introduce in 1.30 lakh post offices in the rural belts". The Postal Payments Bank will provide banking services...

BSNL Revenue : Rs 672-crore operating profit in 2014-15, first Net profit by 2018

28Nov By AdityaNo Comments

News

BSNL Revenue : Rs 672-crore operating profit in 2014-15, first Net profit by 2018

Bharat Sanchar Nigam Limited, an Indian state-owned telecommunications company is back on track for recovery with Rs 672-crore operating profit in 2014-15 and is likely to report the first net profit in the last nine years within 2018, communications minister Ravi Shankar Prasad said. The company’s income from services grew 4.16% to 27,242 crore in 2014-15, the highest in the last five years. The company has registered an impressive growth in mobile connections in recent months — It went up from 900,000 in May this year to 1.6 million in July. It has also adopted mobile number portability (MNP) from July 2015, and has since then added 1,57,564 subscribers. “We are confident of achieving the target of becoming cash positive by 2018 and all 225,000 employees are committed to achie...