Companies have activated a comprehensive pandemic response plan with requisite risk mitigation protocols for keeping networks working as telecom is an essential service.
Market breadth was weak with 1239 losers and 1078 gainers on the BSE.
The script was triggered by today's kids who seem so comfortable with gadgets and the Internet right from infancy.
DoT had raised the demand on December 22 and asked RCom to pay within a month.
Telecom Regulatory Authority of India, on October 15, gave its recommendation on spectrum auction for premium 900 Mhz band and 1800 Mhz band that are presently being used for 2G GSM mobile services by Airtel, Vodafone, Idea Cellular and Reliance Communications.
India's largest-ever spectrum auction kicked off on Saturday with major telecom operators placing bids worth Rs 53,531 crore across bands, even as the premium 700 Mhz and 900 Mhz frequencies did not find any buyer.
Banks have Rs 10 trillion in stressed assets - Rs 7.8 trillion of bad loans and Rs 2.2 trillion of restructured ones.
Most of the steep rate cuts announced might also not translate into bill savings for subscribers
TRAI may recommend the DoT to levy one-time non-refundable fee of Rs 50,000 per operator for each service area in which they opt for spectrum sharing.
Midcap stocks continued to remain on buyers' radar with BSE Midcap index up 0.1%.
Some leading Indian companies are likely to see their earnings declining if the Indian currency depreciates further, analysts and finance heads say.
The telecom spectrum auction entered the 33rd round of bidding today after starting off from the Rs 52,689 crore (Rs 526. 89 billion) mark this morning.
Sensex, Nifty end the day in red ahaead of F&O expiry.
More than 87 per cent of the spectrum has been allocated to bidders.
Dividend payouts seem recession-proof.
The freebies are now over, but Jio will need to notch up subscriber numbers and margins to prove its sceptics wrong.
Govt is set to garner Rs 1 lakh crore from sale of radiowaves.
Premiumisation, improving demand aid realisation growth at most large firms
In the broader market, the S&P BSE Midcap added over 1% to finish at record closing high
Markets ended lower on Tuesday, snapping a two-day winning streak, as investors turned cautious and booked profit in financials.
Both the indices ended at their highest levels since February 1.
Most Asian stock markets steadied on Wednesday.
Country accounts for 38% of telco's global user base, 10% of total revenue
'Kindly advise about the following stocks. Can I hold or exit?'
BSE Smallcap index outperformed the frontline indices to rise 0.6%, while the BSE Midcap was flat
The big advantage that Jio is able to garner currently is its low cost of operations.
'Unless India Inc's earnings offer promise in March 2017 quarter, sentiment may not reverse in a hurry.'
According to rating agency Fitch, India can in the long run support five-six profitable telecom operators.
The amount generated so far is about 86 per cent of what the 3G auction fetched in 2010.
Ambani's $15 bn bet will upend Indian telecom
The 30-share Sensex ended up 1 point at 27,459 and the 50-share Nifty ended down 1 point at 8,341.
A rare bonhomie among three private telecom companies in raising tariffs coming on the back of a bailout package by the government may have helped the telecom sector avert a crisis but the challenges haven't ceased to exist as the industry faces a cash-guzzling task of rolling out 5G networks in the coming months. The sector that provides direct and indirect employment to millions is projected to see Rs 1.3 lakh crore to Rs 2.3 lakh crore of investments in the coming years in creating robust infrastructure and building telecom and network products that have been incentivised by the government through PLI and other initiatives. After years of cut-throat competition and the apex court ruling on payment of past statutory dues left some players in the lurch, billionaire Sunil Mittal's Bharti Airtel and struggling Vodafone Idea almost in tandem raised tariffs, taking the plunge they had long been talking about.
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Reliance, Birla Group, Airtel eye small finance banks.
Prime Minister Narendra Modi's call to make this decade a "techade" for India and the push for 5G, semiconductors and transformation through digital services is going to boost the technology sector in the country, industry players said on Monday. Modi, in his speech on the 76th Independence Day, touched upon all-round development of technology in the country, from 5G to push for electronic chips, laying of optical fibre cable (OFC) network across villages and enablement of digital entrepreneurship in villages through Common Services Centres, making the present decade as "techade" for India. Homegrown mobile devices maker Lava International's Chairman and Managing Director Hari Om Rai said electronics and technology sectors create about $4 trillion of revenue.
The dispute over the tax payable for its purchase in 2007 of the 67 per cent stake in Hutch is on an amount of Rs 11,200 crore (Rs 112 billion).
The fall in metal and mining stocks comes on the back of weak Chinese trade data
Domestic market is losing its trend to rate sensitive stocks post the announcement of the new RBI governor who is likely to maintain a cautious stance on interest rate cut
Pammi Aunty's gappe-shappe sessions with Sarla Bahenji have made Ssumier S Pasricha an internet star, says Manavi Kapur.
Uninor added 8.53 lakh subscribers to take its base to 4.01 crore during the reported period.
