The amount generated so far is about 86 per cent of what the 3G auction fetched in 2010.
Among Sensex constituents, HCL Tech suffered the most by diving 2.26 per cent, followed by HDFC shedding 2.10 per cent.
Vodafone Idea's net worth (or shareholders' equity) was down 73 per cent year-on-year to around Rs 17,600 crore at the end of the December 2019 quarter after the company reported a net loss of around Rs 6,400 crore during the quarter. Cumulatively, the company has lost nearly Rs 45,000 crore in the last four quarters, eroding its net worth to its lowest level in three-year. Analysts said a such a low level of net worth, coupled with continuing losses in operations, ruled out the possibility of the company getting fresh loans from lenders to fund its adjusted gross revenue (AGR) dues of Rs 54,000 crore.
The 30-share Sensex ended down by 59 points at 27,027 and the 50-share Nifty slipped 7 points at 8,087.
Private lenders HDFC Bank and ICICI Bank were the top gainers along with index heavyweights
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The Nifty50 slipped 33 points to close the session at 8,509 after hitting an intra-day high of 8,587.
Textile and telecom shares have gained ahead of the Cabinet meet later today which is likely to announce new measures for both the sectors.
The top gainers on the Sensex are Gail(India), HDFC, Infosys.
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The broader markets traded positively with mid-caps and small-caps rising 0.5 per cent each on the BSE.
'Where will the next 200 million users that will come online in India prefer to go? Will they buy a data pack, or will they use the free Internet?' 'What will happen when most of the Internet in India is inside a walled garden?'
After a two year run-in with controversies, telecom sector now looks stable and seems back on its feet with initial investment proposal of over Rs 11,000 crore (Rs 110 billion) received in 2013.
The Department of Post, Tech Mahindra, Videocon Group and stock exchange NSE have joined big corporates like Ambanis and Birlas to seek entry into banking business through newly created niche category of Payments and Small Finance Banks.
Top gainers among the S&P BSE Sensex include GAIL, Dr Reddy's Laboratories and Bharti Airtel, all edging up by 1% in late morning deals
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Broad-based buying aided sentiment and the market registers record turnover at Rs 6.86 lakh crore
Regulators will need to allow the model to evolve to allow profits to flow, says Una Gulani.
Additional levy to eat into Rs 6,000-crore income of top promoters
The NSE 50-share Nifty spurted 97.25 points, or 0.92 per cent, to 10,715.50
The telecom industry is moving towards a five-plus one model.
IT majors along with metal names Sesa Goa and Hindalco buck trend.
Investment in market leaders with a safety-first approach could yield reasonable returns across sectors.
BSE Bankex, Healthcare, Capital Goods and Consumer Durables ended higher.
Positive cues from Asian peers also uplifted the sentiment.
Foreign institutional investors were net buyers in Indian equities worth Rs 277.92 crore on Tuesday
Telecom shares rallied on hopes that they would hike tariffs after huge investments to acquire spectrum.
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Of the 11 licence holders, only eight remain in the fray as concerns about profitability and rising competition are making them think twice before jumping in.
The lack of bandwidth and content means it will be a long time before online streaming services take off in India.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Spectrum auction took off on Wednesday from Rs 58,980.29 crore (Rs 589.80 billion) mark with demand for the premium 900 Mhz band seemingly tapering off at the end of 56 rounds.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Investors prefer exits with lower valuation to staying invested for a longer term
The Sensex ended in red on domestic concerns.
This is the first time airwaves in 700 Mhz band will be put up for auction
If successful, this would increase capacity to hurl small satellites into space, meeting both local demand and serving global customers.
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Mark Zuckerberg on Friday said universal connectivity and net neutrality "can and must" coexist.
BSE Bankex and Telecom indices led the fall.
Non-resident individuals (NRIs) have also been allowed to apply for the niche banking licence, provided they plan to return to India.
The broader NSE Nifty closed below the 10,600 mark by plunging 98.15 points, or 0.84 per cent, to 11,582.35 after shuttling between 11,567.40 and 11,751.80.
The 30-share Sensex is up 253 points at 29,263 and the 50-share Nifty has gained 68 points at 8,829.
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