The freebies are now over, but Jio will need to notch up subscriber numbers and margins to prove its sceptics wrong.
Uninor added 8.53 lakh subscribers to take its base to 4.01 crore during the reported period.
The fear of another scam pushed the government into a rather long period of so-called 'policy paralysis'. To play it safe, the price of spectrum in all subsequent auctions was benchmarked to the high 3G rates, says Surajeet Das Gupta.
RIL has been talking to groups including Gionee, Huawei and Xiaomi
The amount generated so far is about 86 per cent of what the 3G auction fetched in 2010.
Some investment bankers expect the Indian currency to touch 60-65 by the end of the year
Promoters' holding in private sector BSE 500 companies declined to 43.4% in Sept
The entry of the deep-pocketed conglomerate is expected to heighten competition.
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The benchmark has gained 2 per cent this week on continued hopes the incoming Narendra Modi government would unveil substantial economic reforms.
Banking and telecom will see the highest impact of this transition.
Seeking urgent steps by mobile operators to check call drops, regulator TRAI on Wednesday said their performance would be reviewed after 15 days and warned it will "cross the bridge" if they fail to do the needful.
The Sensex soared 402 points higher to end at 25,720 and the Nifty surged 130 points to close at 7,819.
While it was technically not possible to block the deal, the tax department could resort to arm-twisting.
Telecom tower companies likely to invest around Rs 500 crore (Rs 50 billion) to enhance network.
The big advantage that Jio is able to garner currently is its low cost of operations.
The third round of spectrum auction continued to witness aggressive bidding even after completion of seventeen rounds on Wednesday with demands for both bands of airwaves on offer continuing to pour in.
In spite of the high number of exits, Reliance group firms of both brothers continue to be darlings of small investors
Spectrum was sold at about 68 per cent premium.
Busting a major 'front running' case in the stock market, Sebi on Friday ordered impounding of unlawful gains worth nearly Rs 15 crore (Rs 150 million) from brokerage firm Sharekhan and 15 other entities.
Some leading Indian companies are likely to see their earnings declining if the Indian currency depreciates further, analysts and finance heads say.
A crown of thorns awaits the next telecom minister at Sanchar Bhawan as the new incumbent will have to address a host of tricky issues like industry infighting, tariffs and improving financial health of the Rs 2.3 lakh crore industry.
Eight Sensex biggies such as Reliance, L&T, BHEL, SBI and ICICI Bank are among the worst hit.
Sources say companies will have to keep the market share of merged entities below 50% in all circles
Decision to build or buy a platform is a function of price but buyouts are helping large investors create a medium and influence outcomes.
Flipkart may walk away from ongoing discussions with telecom service provider Airtel for their platform 'Airtel Zero'.
The Bangalore-headquartered firm had posted a net profit of Rs 1,623.3 crore (Rs 16.23 billion) in the year-ago period, it said in a BSE filing.
More than 10% (40 of 498 companies) have lost at least half their market value.
T N Ninan lists a few David-Goliath encounters in the Indian markets, all of which make life interesting, though difficult if you are an investor looking for the next multi-bagger.
A daily ceiling of Rs 3 translates into maximum annual penalty of Rs 1,095 for every subscriber.
As record stock market rally continues, the value of shares directly owned by next-generation business leaders at 20 major corporate houses has soared over 18 per cent to Rs 17,000 crore.
The one common theme across companies that have rewarded shareholders is consumption.
Spectrum auction took off on Wednesday from Rs 58,980.29 crore (Rs 589.80 billion) mark with demand for the premium 900 Mhz band seemingly tapering off at the end of 56 rounds.
TRAI said that Internet service providers would not be allowed to discriminate on pricing of data access for different web services.
IndiGo Airlines signs $2.6-billion leasing and financing MoU with Industrial and Commercial Bank of China.
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