Reliance Communications Ltd (RLCM.NS) reported a smaller than expected 8.7 percent fall in quarterly profit as one-off gains helped to offset the impact of a heavy debt load at the country's third-biggest mobile carrier by customers.

Reliance Communications on Monday said it has hiked mobile call rates for both its GSM and CDMA pre-paid customers up to 30 percent to improve the profits.

Reliance Capital on Thursday said its net profit surged by 77 percent to Rs.812 crore (USD149 million) in the financial year ended March 31, 2013.

Reliance Communications on Friday said it is in talks with Bahrain Telecommunication Company (Batelco) for stake sale in its unit Reliance Globalcom, the company's global communications services business unit.

Telecom firms owe the government a whopping Rs 9,636.34 crore as outstanding amount for spectrum usage charges and licence fees, Parliament was informed on Wednesday.

Reliance Communications (RCom) on Wednesday awarded over USD 1 billion (around Rs 5,481 crore) contract to telecom equipment maker Alcatel-Lucent for enhancing its telecom network in Eastern and Southern India till 2020.

Reliance Communications on Tuesday launched online shopping service 'Special Privileges' for its customers in partnership with supply chain business firm, Martjack Exchange.

The Reserve Bank has allowed Tata Communications Payment Solutions, a subsidiary of Tata Communications, to set up and operate White Lable ATMs in the country.

Reliance Industries' billionaire chief Mukesh Ambani has kept his annual salary capped at Rs 15 crore for the fifth year in a row, while foregoing nearly Rs 24 crore from the remuneration approved for him by shareholders.

Bharti Airtel Ltd, India's top mobile phone carrier, said it has raised voice call prices to account for rising costs, sending shares of telecommunication companies higher as investors bet that rivals will follow the market leader.