The Reserve Bank of India (RBI) recently canceled the Certificate of Authorisation (CoA) of Vodafone M-Pesa after it voluntarily surrendered its authorization. RBI authorizes the Payment System Operator to set up and operate in India under the Payment and Settlement Systems Act, 2007. The absence of long term business led to continuing losses was the ..
Vodafone: GK, Current Affairs, Questions, Trivia and News
The Supreme Court (SC) has recently upheld the definition of Adjusted Gross Revenue (AGR) calculation as stipulated by the Department of Telecommunications (DoT). As per SC ruling, the telecom companies will now have to pay up approx Rs 92,642 crore to the government, more than half of which are owed by Airtel and Vodafone. The ..
Bharti Airtel has launched a mobile app, “My Circle” in collaboration with FICCI Ladies Organisation (FLO) to assist women in case they face any panic situation or problem. The application will allow women to send SOS alerts to any five of their family or friends in 13 languages. A woman can send an SOS alert ..
Vodafone plans to create the first 4G network on the moon to support a mission by PT Scientists . The company has appointed Nokia as its technology partner for the 4G network Vodafone testing indicates that the base station should be able to broadcast 4G using the 1800 MHz frequency band and send back the first ..
The Aditya Birla Idea Payments Bank Ltd (ABIPBL) has become the 5th entity to begin operations as a payments bank with effect from February 22, 2018. The ABIPBL is a joint venture between Aditya Birla Nuvo Ltd (51%) and Ideal Cellular (49%). The Reserve Bank of India (RBI) has issued a licence to the bank ..
Suresh Sethi, the former MD of Vodafone M-Pesa Ltd., has been appointed as the new Managing Director & Chief Executive Officer (MD & CEO) of India Post Payments Bank (IPPB). He succeeded A.P. Singh, who had been the interim MD & CEO of IPPB since January 2017. Sethi has broad international experience of over 27 ..
About 40%-50% of India’s 1.25 billion population is eligible to open a bank account, but is still unbanked . In the Union Budget 2014-2015, the finance minister Arun Jaitley announced that RBI will create a framework for licensing small banks and other differentiated banks. The objective of differentiated banks was to serve the niche interests ..
As per Central Bureau of Investigation (CBI), current telecom operators Bharti Airtel (earlier known as Bharti Cellular) and Vodafone India (earlier known as Hutchison Max & Sterling Cellular) were sold additional spectrum beyond 6.2 MHz, up to 10 MHz, in unnecessary hurry in January 2002. As per its report of the then communication minister Pramod ..