Mobile cos add 9.8 million users in Jan

India's mobile subscriber base increased to 903.73 million in January, up from 893.84 million in the preceding month

Telecom operators added 9.88 million mobile subscribers in January, taking the total telephone user base in the country to 936.12 million, sectoral regulator Trai said.

India's mobile subscriber base increased to 903.73 million in January, up from 893.84 million in the preceding month, registering a growth of 1.11%, the Telecom Regulatory Authority of India (Trai) said in a statement.

The overall teledensity (telephones per 100 people) in India reached 77.57%.
However, the number of active mobile subscribers, according to the visitor location register (VLR) data, was 659.97 million on the date of Peak VLR for the month of January 2012.

VLR numbers provide details on active customers at any given point of time, excluding switched-off and out-of-the-coverage area customers.

The growth in the wireless category was led by Uninor, which added 2.49 million users, taking its total subscriber base to 38.79 million.

It was followed by Idea Cellular, which added 1.74 million new users to take its subscriber base to 108.12 million.

The country's largest operator Airtel added 1.3 million subscribers and its base was 176.95 million users.

Reliance Communications and Vodafone added 0.94 million and 0.85 million new customers to take their subscriber base to 151.02 million and 148.60 million, respectively.

State-owned telcos BSNL and MTNL added 0.87 million and 57,564 new users in January. Their subscriber base stood at 97.63 million and 5.73 million, respectively.

Aircel, Tata Teleservices and Sistema Shyam added 0.81 million, 0.22 million and 0.14 million new subscribers, respectively.

Wireline subscriber base declined from 32.69 million at the end of December 2011 to 32.39 million at the end of January 2012. BSNL and MTNL hold 80.91% of the wireline market share.

Broadband subscriber base increased from 13.30 million at the end of December 2011 to 13.42 million at the end of January this year.

The number of requests from subscribers to change their operators under the Mobile Number Portability (MNP) facility stood at 3.55 million in January.

In MNP Zone-I (Northern and Western India) maximum number of requests were received in Gujarat (3.04 million), followed by Rajasthan (2.72 million).

In MNP Zone-II (Southern and Eastern India) maximum number of requests were received in Karnataka (3.40 million), followed by Andhra Pradesh (3.04 million).

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Urban Indians have low awareness for insurance products: Survey

The Life Freedom Index will serve as the primary benchmark for indicating how financial free an Indian urban consumer is in terms of her financial awareness and planning

Urban Indians are not very aware about insurance products and their investment planning is not aligned with their current needs, says a survey by private insurer HDFC Life.

"Indian urban consumers' current sense of financial freedom is low," the survey said.

HDFC Life in association with ValueNotes, a market intelligence and research firm, today launched its inaugural Life Freedom Index report where over 1,600 respondents were interviewed across 11 Indian cities.

"The Life Freedom Index will serve as the primary benchmark for indicating how financial free an Indian urban consumer is in terms of her financial awareness, planning, sufficiency and adequacy of planning," HDFC Life Executive Vice President and Head, Marketing and Direct Channel, Sanjay Tripathy said.
The Macroeconomic scenario is yet to be positive as household savings seem to have gone down because families had less money to put away in a year of high inflation, he said.

"The survey reaffirms that Indian urban consumers have realised the necessity of financial planning. They are already chalking out financial plans and are generally disciplined in adhering to them. However, on the flip side, these plans lack comprehensiveness and need to be realigned with their desired financial goals," ValueNotes Managing Director Arun Jethmalani said.

The survey indicates that while 35 per cent of urban consumers rely on their social network of friends and relatives for financial planning advice, only 27 per cent seek professional help, he said.

Given the gaps in financial plans and low awareness levels, it appears that there exists a need for proper professional advice, which will help consumers in ironing out inconsistencies in financial planning and management, he added.

The urban consumers have a long way to go before achieving a complete state of financial freedom. Child education is their primary concern, the sense of financial liberty appears inflated given the inadequacy in their financial planning and awareness levels. But they have realised the necessity of financial planning, according to the survey.

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COMMENTS

K M Rao

5 years ago

1. We the common people of India know our basics of financial planning reasonably well. It is for the FIs who have taken the unenviable task of "enlightening" us to understand that we don't need your sermons taken out of text books or from the Western financial world.
2. We know pretty well how "nicely" the balance sheets are managed by Indian Cos. We also know that the real culprits will never be punished for their wrong doings unlike the West.
3.We the common folks are more than satisfied with return on our investment in real estate , gold and such other "low" yielding avenues.
4. We don;t need the help of "experts" to sink our money ; we can do it ourselves perfectly well!!

NSE launches KYC registration agency through Dotex International

The move comes in the wake of specific directive from the SEBI to start KRAs

The National Stock Exchange (NSE) has launched a know-your-customer registration agency (KRA) through its subsidiary Dotex International.

The move comes in the wake of specific directive from the Securities and Exchange Board of India to start KRAs. "Brokers who have been working with us had approached us to provide them with this additional service, as it will be convenient for them. So, NSE has decided to offer this facility through Dotex," NSE said in a statement.

The initiative by SEBI will benefit investors, as their paper work will be reduced and they have the option of going to another intermediary, without repeating the know your customer (KYC) formalities.

An investor will not have to repeat the KYC, if he has done it through either a broker or a depository participant, or with an asset management company, to invest in a mutual fund.

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