Jane Street could do what they did because of the most fundamental flaw in the Indian stock market: a fragmented, fractured, fissured, fistula-ed liquidity stream, points out Shankar Sharma.
Himachal Futuristic Communications Ltd (HFCL) made it public that its key promoters - Mahendra Nahata and his nephew Vinay Maloo - had parted ways.
Himachal Futuristic Communications Ltd holders approved the merger of HFCL Trade-Invest Ltd with the company.
'Selling could further intensify and take the index towards 22,800-22,750 in the near-term.'
Two regional CDMA players - HFCL in Punjab and Shyam Telecom in Rajasthan - have deposited fee for their GSM spectrum as per the dual technology permitted by the government. HFCL deposited Rs 151.75 crore (Rs 1.51 billion) for Punjab circle, while Shyam gave about Rs 32 crore for the Rajasthan circle.
Punjab-based telecom operator HFCL on Wednesday became the first service provider to offer uniform call rates across all telecom networks and announced that all calls from its service Connect would be local calls.
Ukraine is currently in the middle of a strategic offensive into Russia's Kursk region.
'Focus on 19,400/64,900 as the key resistance levels for the Nifty/Sensex.'
Himachal Futuristic Communications Ltd converted 64 foreign currency convertible bonds of $ 50,000 each into 58,70,769 shares of Rs 26 each.
Tax sleuths conducted search operations on Thursday on 10 premises of Noida-based Uflex Ltd (formerly Flex Industries), besides telecom equipment maker Himachal Futuristic Communications Ltd for suspected tax evasion.
In a move that could bring down prices of CDMA handsets further, Qualcomm Inc has licensed Himachal Futuristic Communications Ltd to manufacture 3G CDMA2000 mobile handsets, fixed-wireless phones and line modem cards.
A meeting of the board of Himachal Futuristic Communications Ltd will be held on January 31 to take on record financial results of the company for the third quarter ended December 31, 2002.
ICICI Bank Ltd has acquired 3.6 crore shares, aggregating 12.65 per cent of Himachal Futuristic Communications Ltd, due to a default in loan payment by the latter.
Analysts caution against volatility and recommend buying stocks of companies that are on strong fundamental footing that have been beaten down badly in the recent carnage.
With the spectrum auction now delayed till at least next May, the expected 5G orders for telecom equipment have not been sealed, the companies point out. Surajeet Das Gupta reports.
More than 90 per cent stocks in the NSE 500 universe are currently trading above their 200-day moving average (DMA). Experts say this is a sign that the market has become overheated and can lead to a correction or sideways movement for a long period. The 200-DMA is a key technical indicator used by traders to get a sense of market direction. A level, which is roughly a 40-week average, often acts as key support or resistance.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Investment Trust of India Ltd plans to seek members' approval for amalgamation of HFCL Infotel Ltd with the company.
When, recently, Bharti Airtel announced a Rs 21,000 crore rights issue, analysts pointed out that its structure was similar to that of Reliance's issue in June 2020. One similarity is that shareholders in both companies have to pay only 25 per cent of the money on application. The rest is to be paid in two tranches. In Bharti Airtel's case, it is within 36 months; in Reliance Jio's, it is within 17 months.
The Central Bureau of Investigation (CBI) is looking into the funding and transactions of Datacom Services (now Videocon Mobile), which was among the firms awarded a 2G telecom licence in January 2008.
The Tata group's tryst with mobile services, with either CDMA or GSM technology, did not really fly, forcing it to close operations and write off losses. Now the group is back in the big game, this time straddling the telecom equipment, network and technology space in India as well as the global market. To this end, it is leveraging the opportunities that flow from 5G technology through open radio access network, or O-RAN. Recently, the Tata Sons' subsidiary Panatone Finvest acquired 43.3 per cent in Bengaluru-based telecom equipment manufacturer Tejas Network for Rs 1,850 crore and announced it would buy another 26 per cent of the voting capital through an open offer.
Sebi ruled that Pendse has violated various provisions of the PFUTP Regulations and the Securities Contracts Regulation Act with his illegal transactions.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Amid tight security and an altercation with HFCL chief Mahendra Nahata at Sanchar Bhawan, headquarters of the Department of Telecom, nine companies among 45 applicants were offered letters of intent (LoIs) for unified access service licenses (UASL).
Virtually bringing the entire industry into the picture, telecom tribunal TDSAT on Monday directed Reliance Communications, HFCL, Shyam Telelinks, BSNL and MTNL to become a party to a petition challenging changes to spectrum allocation norms among others.
The Telecom Regulatory Authority of India said on Tuesday it summoned eight telecom operators for poor quality of service across the country.
Ordyn bagged the contract after qualifying in a competitive bidding process in which global giants such as Huawei Technologies, ZTE, HFCL, IComm and Arasor took part.
The Punjab government will soon launch e-agriculture services in collaboration through 'Kisan Soochna Kendras', a network of agri based information kiosks with broadband connectivity.
The COAI decision comes in the wake of Anil Ambani group company Reliance Communications and two other CDMA players receiving approvals to offer GSM services in their respective circles of operation from the Department of Telecom on Friday.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
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