Reliance to invest $5 billion in telecom

After having nurtured the telecom sector of his company and the carving of the business meant that the business went to younger brother Anil, the elder brother Mukesh Ambani seems to be in a tearing hurry. Mukesh Ambani-led RIL’s foray into the telecom sector will entail an investment of about $5 billion, for which it…

Virgin mobile launched in the world’s fastest growing telecom market

The Sir Richard Branson-owned Virgin group is launching the Virgin Mobile brand in India in association with Tata Teleservices India has the lowest tariffs in the world. With Virgin getting into the game, things are expected to get more competitive. For instance, subscribers on Virgin will be credited 10 paise for every one minute of…