Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Troubled Vodafone Idea Ltd (VIL) has filed a review petition in the Supreme Court after the apex court recently dismissed its plea for rectification of the alleged errors in the calculation of adjusted gross revenues-related dues. In the petition, filed earlier this week, VIL has said it is "a travesty of justice" that the company is restrained from questioning the arithmetical errors/ omission which are going to cost it about Rs 25,000 crore (Rs 5,932 crore of principal plus interest, penalty and interest on penalty). VIL has said its contentions have been rejected by the order under review and added that this denial could result in the company going under and its about 27.3 crore subscribers being left "high and dry".
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Govt to play enabler not handler, India never had more decisive government: PM Modi Prime Minister Narendra Modi on Monday cited his dispensation's push for wide-ranging reforms, including the privatisation of Air India, to assert that the country never had a more "decisive government". Launching the Indian Space Association (ISpA), an industry body aspiring to be the voice of the country's space sector, Modi noted that fields like mining, coal, defence and space have been opened to private players, and said his government's clear policy about public sector enterprises is to open those to private industry where its presence is not required. While opening a host of sectors, the government has built a regulatory environment in which priority has been given to national interest as well as the interests of different stakeholders, he said.
These trusts are being registered under a new framework.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Bharti Cellular Limited CMD Sunil Bharti Mittal and Essar Group promoter Ravi Ruia on Friday got a breather from the Supreme Court which exempted them from personal appearance in the trial court in a case of alleged irregularities related to allocation of additional 2G spectrum in 2002.
Among all Joshi's other portfolios -- he is also minister for coal and mines -- it is parliamentary affairs that is politically the most crucial. But to make a success of his job, he may have to hone his people skills a bit more, reports Aditi Phadnis.
Singapore based telecom firm SingTel, which holds over 30 per cent stake in Bharti Airtel, on Wednesday said it has full faith in the company's corporate governance standards under the leadership of company's chairman Sunil Bharti Mittal.
With this launch, Airtel has now become the only private operator to have network footprints in all the districts of J&K.
The judge summoned Birla as one of the accused in the case.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Buoyed by excellent response in December, hopes to raise a total of 1 billion to refinance notes due end-2018.
Tata Steel, others sell assets abroad after taking massive impairments.
Jio's global partnerships took shape this year when Jio Platforms, a 100 per cent subsidiary of Reliance Jio which has invested in various digital platforms, was able to woo a bevy of marquee investors: Facebook, Google, Qualcomm, Intel, and a numerous PE funds.
Without assigning any reason, Justice Dave, who was part of the bench headed by Chief Justice Altamas Kabir, opted out of hearing the pleas of Mittal and Ruia challenging the summons issued to them in the case.
On Thursday, the SC will resume hearing on Mittal's plea challenging the court's summons.
At the prison, both Ranjan and Manglik's cell phones were pressed into service by the CBI. Why the CBI didn't bring its own equipment seems a mystery... Ranjan's cell handset was given to Indrani and Manglik dialed it. Indrani then spoke and her speech, that emanated from the phone, via speaker mode, was recorded.
With the new entity coming in force, Bharti Airtel will lose the tag of India's biggest telecom service provider to the new entity.
Other major laggards were IndusInd Bank, SBI, Bharti Airtel, ONGC, Tata Steel and Reliance Industries -- falling as much as 6.30 per cent.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Irrespective of demonetisation and GST blues, IIM Lucknow has been able to successfully place their batch of 459 students.
Sanjay Kapoor is the man handpicked by Sunil Mittal, the founder promoter of Bharti Enterprises, to get the next 100 million subscribers for the group's mobile telephony arm, Bharti Airtel. In the space of just a year, Kapoor has been promoted a second time.
Several high profile companies are burdened with losses, mounting debt and have a huge load of operational costs.
On the ground, rural medical infrastructure and more crucially, women's access to reproductive health services is practically non-existent in Uttar Pradesh, reports Geetanjali Krishna.
In the Sensex pack, other gainers were Bajaj Finance, Bharti Airtel, Tata Motors, Hero MotoCorp, HUL, Asian Paints, HDFC duo and ONGC -- gaining as much as 2.87 per cent.
The calculation excludes cross-holding of listed group cos in each other.
DoT still working on final AGR dues due to varying accounting practices. Telecom operators have been submitting two separate audited details of deduction towards interconnection usage charges and roaming fee to the DoT.
Prasad can still influence the power play in Patna if not change it, reports Satyavrat Mishra.
Traders' body CAIT on Wednesday wrote to Reliance Industries chief Mukesh Ambani and 50 other captains of India Inc, including Ratan Tata, Azim Premji, Gautam Adani, Ajay Piramal, Anand Mahindra and Sunil Bharti Mittal seeking their support in its campaign to boycott Chinese goods. The Confederation of All India Traders (CAIT) also urged Kumar Mangalam Birla, Vikram Kirloskar, Rahul Bajaj, Shiv Nadar, Pallonji Mistry, Uday Kotak, Nusli Wadia, Shashi Ruia, Madhukar Parekh, Harsh Mariwala, Satish Reddy and Pankaj Patel, among other prominent industrialists, to join its 'Bhartiya Samaan-Humaara Abhimaan' campaign.
Ajit Mishra, vice president, research, Religare Broking, answers your stockmarket queries.
The decision of the Telecom Commission to approve in-flight connectivity won't just bring cheer to the chat-friendly passengers, but even more to the telecom industry facing severe financial stress, says Nivedita Mookerji.
Energy's exit is a cautionary tale for several foreign investors in India as close to 16 Gw of solar and wind power projects languish without any power purchase agreement, 24 Gw without transmission connectivity and around 2 Gw unilaterally cancelled by project developers.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Investigators on Friday failed to file the status report before a court in New Delhi in a case lodged by them against unnamed persons for allegedly molesting an African woman during a midnight raid by a group purportedly led by Delhi Law Minister Somnath Bharti.
The chairman and group managing director of Bharti Enterprises, Sunil Bharti Mittal, was chosen the best Asian Telecom CEO
4 MNCs among top 10 companies with dividend-earning promoters in FY15.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
The stipulation that new front-end stores will have to be set up will impact M&A in the sector.
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