Tata Sons Ltd, the holding company of the $150 billion Tata group, may be forced to infuse fresh capital into its loss-making telecom arm, Tata Teleservices Ltd (TTSL). This is because TTSL has to pay Rs 19,256 crore adjusted gross revenue (AGR) along with other dues to the central government by March 2026.
Regulator wants price to be in line with Tata Tele valuation.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The National Stock Exchange (NSE) and the BSE has announced that three Adani group companies -- Adani Enterprises, Adani Power and Adani Wilmar -- will move out of the short-term additional surveillance measure (ASM). The stocks will be excluded from the short-term ASM framework with effect from March 17, according to separate circulars available on the exchanges. The NSE and the BSE had put the three Adani group firms, including the flagship firm Adani Enterprises, under the ASM framework on March 8.
Tata Teleservices MD, Charles Anthony, has called it quits.
Kishore A Chaukar has been appointed as non-executive director and chairman on the board of TTML, with effect from March 24, the filing said.
Telcos' m-cap rises Rs 11,286 crore; Bharti, RCom lead.
The top three fixed line players Bharat Sanchar Nigam Limited, Mahanagar Telephone Nigam Limited and Bharti Airtel reported a revenue decline.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Tata Teleservices (Maharashtra) on Friday said Japanese telecom major NTT DoCoMo's open offer for a 20 per cent stake in the company has been deferred following a delay in approval from market regulator Securities and Exchange Board of India.
"The government has imposed a lot of regulations, and is not permitting major technological upgrade," Tata said.
'This fall is nothing. We could see worse if everybody hits the panic button.'
Vodafone Idea on Monday paid Rs 2,500 crore to DoT and promised to pay another Rs 1,000 crore before the end of the week.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The deal between Bharti group and Tata Teleservices is yet another example of how swiftly things can change in business.
Funds will be raised via non-cumulative preference shares issued to Tata Sons on rights basis
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.