A DoT panel has backed net neutrality and made some recommendations to push the cause
BSE Smallcap index outperformed the frontline indices to rise 0.6%, while the BSE Midcap was flat
The big beneficiaries of this move will be the big three -- Bharti, Vodafone and Idea.
With slower than expected growth in smartphone penetration, operators and OEMs are joining hands to provide affordable mobile devices with attractive offers.
HDFC twins, Axis Bank, ICICI Bank and SBI from the financial space gained between 1-2.7%.
43 rounds of bidding has taken place.
Telecom Commission approves high base price of Rs 11,485 cr per Mhz for 700-Mhz frequency; no decision taken on proposed standard spectrum usage charges of 4.5%
Govt likely to make security clearance mandatory for telcos irrespective of equity holding before giving licences; DoT members to meet today.
Most of the session's gains for both the indices were wiped out as investors rushed to book profits ahead of F&O expiry on Thursday and also due to concerns over stretched valuations.
The recent Indian telecom spectrum auction will hasten industry consolidation, strengthen tariffs and reduce regulatory risks.
They are cheaper to build, costing around Rs 10 lakh each as against Rs 20-25 lakh for a traditional ground-based tower and even less than the Rs 12-15 lakh needed for a tower mounted on a roof top.
From Rafale relief to heat on realtors, 10 landmark Supreme Court judgments in 2018.
Sensex, Nifty end the day in red ahaead of F&O expiry.
Sensex ends 134.91 pts down at 28,709.87; Nifty falls 44.70 pts at 8,712.05.
Telcos may hike mobile rates to recover spectrum cost: Moody's
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
More than 87 per cent of the spectrum has been allocated to bidders.
The BSE Midcap and the BSE Smallcap indices pared all intraday gains to end 0.3% and 0.5% lower
Govt is set to garner Rs 1 lakh crore from sale of radiowaves.
Textile and telecom shares have gained ahead of the Cabinet meet later today which is likely to announce new measures for both the sectors.
Revenues of Airtel and Idea have been hit by falling realisation and analysts said margins would be affected by higher costs.
The country's wireless subscriber base fell to 87.05 crore at the end of September, registering the first drop in five months, after Reliance Communications deactivated services of over 1 crore "unprofitable" users.
The India Meteorological Department on Tuesday said the monsoon this year is expected to be 'above normal.'
Investors indulged in profit booking at attractive and higher valuations
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.
Rise in crude oil price and rally in global equities aided the sentiment
The 30-share Sensex ended up 1 point at 27,459 and the 50-share Nifty ended down 1 point at 8,341.
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Reliance, Birla Group, Airtel eye small finance banks.
The fall in metal and mining stocks comes on the back of weak Chinese trade data
Markets ended lower on Tuesday, snapping a two-day winning streak, as investors turned cautious and booked profit in financials.
Sensex plunges 322.39 points to over 1-month closing low of 27,797.01; Nifty tumbles 97.55 points to 8,340.70.
The 30-share Sensex ended up 204 points at 27,215 and the 50-share Nifty ended up 59 points at 8,238.
The amount generated so far is about 86 per cent of what the 3G auction fetched in 2010.
Uninor added 8.53 lakh subscribers to take its base to 4.01 crore during the reported period.
The broader markets were also in top gear, with the BSE midcap index surging by 2.1% at 11,431 and the smallcap index gaining 1.4% at 11,735.
Regulators will need to allow the model to evolve to allow profits to flow, says Una Gulani.
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 S&P BSE Sensex surged 160 points to close at 25,262.
Sibal said that Trai had compared India with China.
The S&P BSE Sensex gained 57 points to end at 26,064 and the Nifty50 climbed 17 points.
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