Analysts say the sell-off in risky assets will be temporary and could be a buying opportunity for long-term investors.
The average return for the 2,127 companies outside the A-group is 42 per cent
This equity capital infusion is the country's largest-ever FDI.
Sunil Bharti Mittal, bottom, left, says he is fond of Bill Gates' famous quote: "Success is a lousy teacher." Back from a long foreign business trip, the founder-chairman of Bharti Enterprises talks to Malini Bhupta and Kiran Rathee about the challenges posed by Reliance Jio and how he is determined to come out on top once again. Mittal says , today, Airtel is as ready as Jio in pure-play 4G operations.
Jio says it has completed mobile number portability testing and is certified MNP-compliant
ICICI Pru's IPO is being managed by 10 investment banks, including Bank of America Merrill Lynch and ICICI Securities
Big three telecom companies term Jio's free voice calls predatory pricing
Trai calls both Jio and incumbents for a meeting to discuss the issue
A typical consumer will have to opt for Jio's Rs 499 plan, which is a steep 2.5 times more than what the average user pays at present.
Telecom Secretary J S Deepak has resolved the toughest issues facing the sector, but his real test will be in delivering on the govt's Digital India dream
RIL is also set to file its tariff plans, which will mark the company's intent to commercialise Jio's operations, with the regulator this week
Between Friday's and Monday's close: Yields on 10-year bonds up 6 basis points, rupee slides 13 paise against dollar, Sensex ends flat
After the transaction with Temasek, Singtel will hold 47.39 per cent in Bharti Telecom.
For Rs 39, customers can talk for 300 minutes anywhere in India and worldwide
India has average monthly spends of $4 per user; it is over $20 in other Asian markets
Central KYC not in sync with Sebi's KRA system; regulator writes to finance ministry
Letter to telecom secretary alleges Jio is masquerading full-blown services in the guise of a trial; no word from Reliance.
In India, bond yields have fallen nearly 70 basis points in the last one year.
'The IPO window has been more or less open since the new government in 2014.'
Global growth expectations have slumped to a five-month low.