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.
Notwithstanding the controversy over the proposed unified licencing regime, Telecom Regulatory Authority is all set to make a presentation on Saturday before the Group of Ministers on telecom on its recommendations on the issue.
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.
Tata's Vistara has a very strong core team to look into daily operations.
Trai chairman Rahul Khullar says concept not practised strictly even in countries like the US and the UK.
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.
This puts an end to Facebook's Free Basics and Airtel's zero rating plans in India.
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.
It has made everything public in the name of 10 lakh comments it got on draft net neutrality proposals.
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.
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.
Sun Pharma stole the show in the Sensex pack, spurting 3.91 per cent, followed by M&M at 2.87 per cent.
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.
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.
While consumers feel that petrol pinches directly, diesel hurts indirectly, as it is an input in almost all the goods and services we use.
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.
Nikesh Arora has an engineering degree in electronics and worked for a brief period at Wipro, selling computers.
However, TDSAT has asked govt to dispose of two representations made by the company on the guidelines.
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.
The storm is likely to impact Mumbai, Thane and other coastal districts of Maharashtra like Raigad and Palghar along with Valsad, Navsari, Surat, Bhavnagar and Bharuch districts of Gujarat and Union Territory of Dadra and Nagar Haveli and Daman and Diu. Preparations for the impending cyclone were discussed at a meeting of the National Crisis Management Committee (NCMC), headed by Cabinet Secretary Rajiv Gauba, a home ministry statement said.
According to experts, the Nifty has continued to form lower top-lower bottom formations, a trend seen in the last five weeks, and witnessed sharp selling towards 9,700 zones.
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.
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.
CEO Shashi Arora discusses his roadmap for Airtel Payments Bank with Karan Choudhury.
Investors booked profits in range-bound trade, led by PSU, oil & gas, energy, infrastructure, telecom, realty, healthcare, bankex, FMCG, capital goods and power counters.
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.
TDSAT had squashed the limit after Uddhav Thackeray's son Aditya had questioned TRAI's decision.
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.
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.
Nothing 'accidental' about this movie, feels Syed Firdaus Ashraf.
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.
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.
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.
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.
The projected increase for 2020 is lower than the average salary hike that graduates of top business schools have managed - at around 12 per cent.
The social impact of this could be worse as 300 million subscribers may face the annoyance of network shutdown and churn.
Wearing garlands, the farmer leaders, who had called for observing 'Sadbhavana Diwas' (Harmony Day) on Saturday after the immense outrage over violence by protesters during their Republic Day tractor rally, sat on the dais during the fast, as crowds of supporters swelled, especially in Gazipur where the Bharatiya Kisan Union is leading the protest.
Militants shot at and killed a shopkeeper in north Kashmir apple rich Sopore town late Friday evening.
From crisis leaders to future Goliaths, India Inc saw them all in 2017, says Shailesh Dobhal.
Top losers in the Sensex pack included TCS, Yes Bank, ITC, Sun Pharma, Reliance, Coal India, Asian Paints, SBI, Maruti, HUL, HCL Tech and ICICI Bank, falling up to 2.91 per cent.
