Pension schemes aiming to reach AUM of Rs 12 lakh cr by March-end; added 97 lakh subscribers in 2023: PFRDA chief

Pension schemes aiming to reach AUM of Rs 12 lakh cr by March-end; added 97 lakh subscribers in 2023: PFRDA chief

Pension Fund Regulatory and Development Authority (PFRDA) Chairman Deepak Mohanty has said that the pension schemes, such as the National Pension System (NPS) and Atal Pension Yojana (APY), have added 97 lakh new subscribers in 2023, taking the total subscriber base to 7.03 crore as of December 31, 2023. Of the total subscribers, 5.3 crore … Read more

Data Led: Telecom players’ ARPU to grow even without tariff hikes

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NEW DELHI: The average revenue per user (ARPU) of the cellular industry could grow even without tariffs hikes as data usage and penetration zooms over the last 1-to-2 years. As per India Ratings and Research (Ind-Ra): “The sliding voice tariffs, growing data tariffs, increasing data usage per subscriber and increasing data subscribers in the overall … Read more

Q2 preview: Voda Idea losses may narrow; management commentary key

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Mumbai: Telecom major Vodafone Idea is likely to narrow its losses in the September quarter from the record loss it reported in the year ago period. Revenues may, however, not see material upside as the company has been losing subscribers rapidly. Even though it has lost the subscriber base, it may still see some improvement … Read more