Apart from the main company, five of Air India's subsidiaries and a joint venture firm have been included in the strategic sale plan.
Reliance Jio's decision to acquire 700 MHz in combination with the possible use of an advanced standalone (SA) 5G network could give it an edge over its rivals, according to most analysts. The dissenters argue that the stiff price tag touching Rs 40,000 crore to grab 10 MHz of spectrum in 700 to provide coverage for its SA 5G network which offers ultra-low latency (unlike non-standalone or NSA), has a long way to go in India in terms of finding use cases that can be monetised. Globally, 700 MHz is a pivotal band which provides huge coverage, indoor penetration (especially useful in India where walls are thick) and is already considered by the European Union to be the 'pioneer band' for 5G, with 3.5 GHz and 26 GHz, both of which were auctioned in India recently.
Investors who cannot manage an asset-allocated portfolio or rebalance regularly, or do not have an advisor, may opt for these funds, but only after a detailed study of their strategy, suggests Sanjay Kumar Singh.
If one compares returns, the two public-sector ETFs have done better over the past year, but the ELSS category has done better over the trailing three and five years.
It is advisable to avoid a fund until it develops a track record.
'The market was expecting the Budget to do more, given the domestic economic slowdown and global uncertainty. Over the next few days, the market is expected to absorb the volatility.'
Adani Ports, BHEL, Tata Motors, ONGC, Mahindra & Mahindra and Tata Steel were the top losers.
Reliance Industries raced to 52-week high on better than estimated earnings and announcement of bonus share.
The HC also offered a ray of hope to the hundreds of employees of UB-Group owned now-grounded Kingfisher Airlines, who have not been paid monthly salaries for over a year now.
World number one Novak Djokovic on Wednesday dismissed any suggestion of friction with Roger Federer and Rafa Nadal as tennis politics spilled over to the Miami Open.
Russia's Elena Vesnina ousted German second seed Angelique Kerber 6-3, 6-3 to reach the quarter-finals of the BNP Paribas Open at Indian Wells, California on Tuesday.
Roger Federer and Rafael Nadal powered to third-round wins at the BNP Paribas Open at Indian Wells on Tuesday to set up a mouth-watering rematch of their recent Australian Open final.
Rediff.com gives you a quick flashback, in pictures of the month gone by...
While Reliance put up a good show, NTPC nosedived on the BSE on Monday.
Reliance Industries Ltd, the nation's most valuable company, on Thursday said it has raised $4 billion (around Rs 30,000 crore) in debt through the largest ever foreign currency bond issuance by an Indian entity. The oil-to-telecom conglomerate plans to use the proceeds of the three tranche issues to retire existing borrowings. The issue was "nearly 3 times oversubscribed with a peak order book aggregating around $11.5 billion," the company said in a statement. This is the largest ever foreign currency bond transaction in India, eclipsing ONGC Videsh Ltd's $2.2 billion US dollar bonds issue of 2014.
The BSE Midcap also cut all its intraday gains to shed 0.3% at close
The Canadian's win sets up a semi-final clash with Del Potro on Saturday that will pit power against power.
The biggest losers in the Sensex pack were M&M, ONGC, Vedanta, Tata Steel, L&T, HDFC, NTPC and Axis Bank, falling up to 3.04 per cent.
Serbian Jankovic was serving for the title at 5-4 in the second set but World No 3 Halep won the next three games and battled back for the biggest title of her career.
'The first half of 2019 could be volatile.' 'In the second half, volatility inducing events should be largely behind us.'
Trading sentiment remained distinctly weak due to the cash crunch arising out of the government's move to demonetise Rs 500 and Rs 1,000 notes to flush out black money amid concerns about its impact on small and medium-sized businesses which largely run on cash.
After achieving the rare feat of being the World No. 1 in women's doubles for 80 consecutive weeks, Indian tennis star Sania Mirza has said it was very satisfying to be bracketed with the legends of the game.
RIL said it has priced its 144A/Reg S bonds to yield 240 basis points over US Treasuries Note at a 4.125 per cent coupon.
At present, seven companies are planning to raise Rs 2,965 crore (Rs 29.65 billion) and have Sebi's approval. Another 12 firms, intending to mop-up Rs 5,362 crore (Rs 53.62 billion), have filed draft documents with the capital market watchdog and are awaiting approval, Prime Database managing director Pranav Haldea said.
Telecom operator Reliance Jio Infocomm has arranged credit facilities worth $1.5 billion with lenders, including Bank of America and Barclays, to refinance existing loans.
They have been on an unbroken selling streak since the Union Budget, spooked by increase in income-tax surcharge, taxes on buybacks, and lack of stimulus to prop up the economy.
India's stock exchanges have decided to jointly introduce the T+1 settlement cycle in phases from February 25, beginning with the bottom 100 stocks by market capitalisation. From March 2022, on the last Friday (or the immediate next trading day) of every month, the next 500 stocks from the bottom will be subject to T+1 settlement. The phase-wise implementation is expected to give all market participants, including foreign portfolio investors (FPIs), ample time to shift to the shorter cycle. The settlement cycle represents the time period within which the stock exchanges have to settle security transactions.
Total assets under management (AUM) for September stood at Rs 20.4 lakh crore compared with Rs 20.6 lakh crore at the end of August.
Over 12,700 participants from 91 countries are expected during the one-week contest, which features a variety of athletes - young and old, male and female, straight and gay.
Chris Evert said on Monday she was stunned to hear that Maria Sharapova failed a doping test, but not by the fact that there is doping in tennis, claiming that she knew players who doped during her career.
Sectorally, telecom, realty, auto and banks were among the top losers, shedding as much as 2.22 per cent.
Axis Bank was the top laggard in the Sensex pack, plunging more than 5 per cent, followed by HDFC, Bajaj Finance, ICICI Bank, Tata Steel, Bajaj Auto, HDFC Bank and IndusInd Bank. On the other hand, M&M, Infosys, Asian Paints, UltraTech Cement and Tech Mahindra were among the gainers.
The Spaniard leads 23-15 on a head-to-head basis but the Swiss has won the last five encounters.
Summary of sports events and persons who made news on Tuesday
SBI was the top gainer in the Sensex pack, rallying over 10 per cent, followed by Kotak Bank, Dr Reddy's, UltraTech Cement, ITC and HDFC Bank. On the other hand, Axis Bank, Bharti Airtel, ICICI Bank, Maruti and HCL Tech were among the laggards.
Stanislas Wawrinka breezed into the fourth round of the BNP Paribas Open on Monday and saw another seed removed from his path to the final when lucky loser Yoshihito Nishioka of Japan turned his match against Tomas Berdych upside down.
Shares of Motilal Oswal Financial Services, Edelweiss Financial Services and IIFL Holdings have all doubled in the past one year against the Sensex's 23 per cent gain.
Juan Martin del Potro could barely believe he had finally won a Masters 1000 series title at the 51st attempt at Indian Wells on Sunday but is determined to keep the trophies coming in his late career renaissance.
Defending champion Serena Williams reached the semi-finals of the Western & Southern tournament in Cincinnati but not before having her mettle tested in a 3-6, 6-4, 6-2 win over sixth-seeded Serb Ana Ivanovic on Friday.
Former world number one Maria Sharapova lost her second consecutive first round match with a 6-4, 6-4 defeat to Japan's Naomi Osaka at the BNP Paribas Open in California on Wednesday.
