The telecom industry is moving towards a five-plus one model.
FPIs sold shares worth a net Rs 1236.95 crore on Friday.
Benchmark indices gain 30% this year, buoyed by global liquidity, new government
Infosys was the top Sensex loser along with other index heavyweights ITC and HDFC.
Most analysts expect growth in the sales of Nifty-50 companies to decelerate, albeit marginally, in the quarter ended December compared to the corresponding period of 2013-14, with metals and real estate companies pulling down earnings.
In a bid to resolve the row between cellular and basic players, Communication and IT Minister Arun Shourie constituted on Friday a 7-member committee including Reliance's Mukesh Ambani and Bharti's Sunil Mittal
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Companies are legally allowed to invest in markets in India, but the practice has seldom stirred central bank concern until recently, when they have become much more active players.
Thinning valuation gap between these and mid-caps indicates a shift in investors' preferences.
Bulk of these customers use 2G phones and are still focused on voice services and might prove useful for both Bharti Airtel and the Idea-Vodafone combine.
In a major reform push, government on Thursday approved 100 per cent foreign direct investment (FDI) in the telecom sector, meeting a key demand of the fund-starved industry.
The company has reportedly been in the process of shutting its CDMA business and shifting its subscribers to 2G, 3G and 4G networks.
Shiv Sena has so far expressed concerns over car shed for the city's planned metro network, the bullet train and the West Coast refinery projects.
Analysts attribute this outperformance to the government's proactive economic reform measures
Prime Minister Narendra Modi on Saturday said the target date for achieving 20 per cent ethanol-blending with petrol has been advanced by five years to 2025 to cut pollution and reduce import dependence.
Tax experts say one of the most dispute-prone proposals is making "fraudulent availing" of input tax credit (ITC), without an invoice or bill, a cognizable and non-bailable offence.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
'The real estate sector has been badly bruised because it has become too reliant on funding from NBFCs, including housing finance companies. 'When the NBFC industry was rocked late last year by a large default, the real estate sector was hit hard. 'An intricate web of links between rural incomes, construction activity and shadow banks are fuelling the economic slowdown', says Pranjul Bhandari.
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At the close of trade, telecom stocks ended with as much as 4.3 per cent loss.
The race to get a New Umbrella Entity (NUE) licence for digital payments may get crowded. As many as six consortiums are said to be in the fray to apply for an NUE licence, which would create a for-profit National Payments Corporation of India (NPCI)-like body for retail payments. A consortium led by Financial Software and Systems (FSS), a leading provider of payment products and payment processor, is in talks and may file an application to the RBI for an NUE license, said sources aware of the development. The other constituents of this group include Indian Bank, Central Bank of India, India Post Payments Bank, National Bank for Agriculture and Rural Development (Nabard), and a few small finance banks.
The Indian market is more in sync with mobile markets of advanced countries like the UK, Japan, and South Korea, where there are fewer players - three to four.
Brokers like Vasudevan are struggling to keep themselves in tune with this super-informed, new-generation retail investor.
The company has chalked out a detailed plan for development of its existing KG basin assets after integration with GSPC facilities.
The exchange, say sources, began mock trading from early October and around 250 Indian brokers have said they'd take membership of the international exchange.
Among the index heavyweights, Reliance Industries ended down 1.9% while mortage lender HDFC eased 0.2%. FMCG major ITC ended down 1.3%.
Several factors have held India back. One is DoT policy somersaults and lack of clarity on whether to or not to ban Chinese gear makers.
Strong refining and petrochemical margins seen boosting consolidated net by up to 6%
Responding to another question, Choubey said that the phase-I of clinical trials have revealed excellent safety of the two candidate vaccines indigenously developed by Bharat Biotech in collaboration with Indian Council of Medical Research and Cadila Healthcare Ltd, and now their immunogenicity testing is in progress. Their phase II clinical trials are ongoing.
A bench headed by Chief Justice P Sathasivam sought response from CBI on the petition filed by Civil society members including former Cabinet Secretary T S R Subramanian and ex-Naval chief Admiral L Ramdas seeking probe by the agency in the alleged 'collusion between RIL and the political establishment'.
RBI must balance the need for improving domestic bank credit demand and respond to lower inflation.
Banks stocks continued to trade weak along with FMCG major ITC.
"We will be guided by our national interest," he said.
ONGC must tackle several issues first only then it can turnaround its fortunes.
The Sensex closed the day at 27,490, higher by 479 points and the Nifty ended at 8331.95, up 150.45 points.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Brokerages expect revenue growth at a 7-quarter high but profitability may disappoint.
Because of high rents in Mumbai and the response from Delhi, most luxury retail players want to expand in the capital.
Under the UASL norms, spectrum is linked to licences, and a particular band of radio wave is restricted to be used in a particular technology
The move to allow payments through digital wallets could give a fillip to distribution and reach for these investment vehicles, say experts.
The recognition that content - video in particular - will be the next big thing in the telecom wars requires no rocket science.
'The much-awaited decision could be a welcome change at a time when the Indian armed forces are crying for self-reliance and the defence industry is looking forward to more indigenisation,' notes Nitin A Gokhale.
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