Over the past one-and-half years, the number of stocks trading below their respective face value has increased 29 per cent after a sharp correction in stocks of small-cap companies.
The company, which has a subscriber base of 120 million, also plans to raise funds via a bonds issue. The company's impending 4G launch is also expected in the second half of the current financial year for which it would invest Rs 12,000 crore, partly through bonds.
The policy change was originally scheduled to come into effect on February 8, the Facebook-owned company said.
Tata's Vistara has a very strong core team to look into daily operations.
'The promises of netas and babus and new laws, however well-meaning, mean little.' 'What matters is implementation on the ground.' 'Every law is finally implemented by a vast army of offici
Trai chairman Rahul Khullar says concept not practised strictly even in countries like the US and the UK.
Bucking the overall downtrend, shares of RIL rallied nearly 10 per cent, capping the Sensex loss to a large extent.
The Foreign Investment Promotion Board (FIPB) on Monday deferred a decision on Vodafone's Rs 10,141 crore (Rs 101.41 billion) proposal to buy out minority shareholders in its Indian arm as the Ministry of Home Affairs is yet to give its comments.
This puts an end to Facebook's Free Basics and Airtel's zero rating plans in India.
Yes Bank and Tata Motors were the biggest losers in the Sensex pack, slumping 8 per cent.
It has made everything public in the name of 10 lakh comments it got on draft net neutrality proposals.
On the 30-share index, Maruti was the biggest loser, shedding 3.60 per cent. Other major laggards were Yes Bank, IndusInd Bank, Tata Steel, Hero MotoCorp and NTPC -- ending up to 2.33 per cent lower.
Taking the government head on, four GSM mobile operators -- Bharti Airtel, Vodafone, Idea and Spice -- have decided to "unitedly" approach the Delhi High Court against telecom tribunal TDSAT's interim order not to stay the spectrum allocation process.
Some of the firms that have witnessed major drop in analysts' coverage include Dish TV, YES Bank, and JSW Energy.
Top losers in the Sensex pack on Friday included Bajaj Finance, ONGC, IndusInd Bank, PowerGrid, L&T, Axis Bank, NTPC, Bharti Airtel, HDFC, HDFC Bank and Kotak Mahindra Bank, falling up to 2.08 per cent.
The Sensex posted its biggest single-day jump in over a decade at 1,921 points and investors' wealth soared by a staggering Rs 6.8 lakh crore after Finance Minister Nirmala Sitharaman delivered a surprise cut in corporate tax rates on Friday.
Star Plus has signed up telecom major Airtel as the presenting sponsor for the Shah Rukh Khan-anchored Kya Aap Panchvi Pass Se Tez Hai. According to sources, the deal has been struck at Rs 40 crore. The Airtel deal follows on the heels of its competitor Vodafone signing up as the presenting sponsor for the Indian Premier League on Sony TV.
After a positive opening, the 30-share BSE Sensex suddenly faced selling pressure in late-afternoon trade. It finally settled just 5.67 points, or 0.01 per cent, lower at 39,586.41.
Kotak Bank was the top gainer in the Sensex pack, ending 4.31 per cent higher. PowerGrid, TCS, ICICI Bank, SBI, HCL Tech, NTPC, Infosys, Bajaj Finance, HDFC duo, ONGC, Vedanta and IndusInd Bank too rose up to 2.84 per cent.
'If you are dark, you can't be a hero.' 'If you have curly hair, you can't be a hero.' 'If you were muscular, you had to become a fighter.' 'Today if you are muscular, you can be a hero.' 'Salman Khan made being muscular fashionable.'
Private GSM operators on Thursday got a reprieve from Supreme Court, which has stayed Telecom Regulatory Authority of India's notices asking them to refund excess charges levied from customers on calls made to the networks of PSU telecom firms.
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.
Prime Minister Dr Manmohan Singh is heading for the most crucial time of his political career. On Tuesday, no less than the Supreme Court dragged Prime Minister's Office in the massive telecom scam and that gives the hint of forming of the political storm which has the potential to damage PM Dr Singh.
However, TDSAT has asked govt to dispose of two representations made by the company on the guidelines.
Nikesh Arora has an engineering degree in electronics and worked for a brief period at Wipro, selling computers.
The attendee had to call into the conference call and say a few initial pleasantries to establish his/her presence, but could then leave the app to handle the rest once the Senior Company Bore began his monologue... A rib-tickling excerpt from Sanjeev Sanyal's Life Over Two Beers.
Pradip Baijal, former chairman of Telecom Regulatory Authority of India (Trai), spoke to Nivedita Mookerji on what made him write the book, former Prime Minister Manmohan Singh telling him to cooperate with then telecom minister Dayanidhi Maran, being hounded and harassed during the UPA years, questioning by the Central Bureau of Investigation, and more.
Sun Pharma stole the show in the Sensex pack, spurting 3.91 per cent, followed by M&M at 2.87 per cent.
The Telecom Disputes Settlement and Appellate Tribunal, headed by Justice Arun Kumar, took a serious note of Sun TV's non-compliance of its interim order of March 19 and said that Sun Tv was acting unfairly in this matter.
Telecom services, cell-to-fixed line phones and vice versa remained crippled for the second day on Saturday even as cell operators shot off letters to telecom regulator and state-owned MTNL.
The SC on Monday deferred by two weeks the hearing on state-run BSNL's appeal against the order of a tribunal bench that asked it to pay interest to BPL Mobile Cellular for delaying payments toward calls made to the private company's network.
TDSAT had squashed the limit after Uddhav Thackeray's son Aditya had questioned TRAI's decision.
Having spent 33 long years with the Tata Group in different capacities in steel, power and telecom sector, Firdose Vandrevala has quit the group and joined telecom multinational Motorola as head of Indian operations.
CEO Shashi Arora discusses his roadmap for Airtel Payments Bank with Karan Choudhury.
Discussions are on in government about how to make the process simpler for the poor and more cost-effective for telecom operators, says Subhomoy Bhattacharjee.
The government has set a total revenue target of Rs 40,874.5 crore (Rs 408.74 billion) this fiscal from spectrum, including auction amount, one-time spectrum charge and annual regular licence fee.
An Empowered Group of Ministers, headed by Finance Minister P Chidambaram, will seek legal opinion from Attorney General on its decision to charge around Rs 27,000 crore one-time spectrum fee from existing telecom operators.
Almost all service providers, including BSNL and MTNL, are in various process of pilot or otherwise on IPTV deployment, which will change the way users watch TV.
Investors booked profits in range-bound trade, led by PSU, oil & gas, energy, infrastructure, telecom, realty, healthcare, bankex, FMCG, capital goods and power counters.
Equity benchmark Sensex tumbled 674 points on Friday, weighed by losses in banking stocks as an unabated spike in new coronavirus cases fuelled uncertainty over the economic impact of the pandemic. After hitting a low of 27,500.79 during the day, the 30-share BSE barometer ended 674.36 points or 2.39 per cent lower at 27,590.95. The NSE Nifty shed 170 points, or 2.06 per cent, to finish at 8,083.80.
