Titan was the top gainer in the Sensex pack, rising around 4 per cent, followed by HDFC, Nestle India, IndusInd Bank, UltraTech Cement and Bharti Airtel. On the other hand, Bajaj Auto, Tata Steel and NTPC were the laggards.
Mukesh Ambani said the Digital India initiative has the potential to transform the lives of 1.2 billion Indians using the power of digital technology.
Telecom stocks fell after Mukesh Ambani extended Reliance Jio's free offers till March 2017.
A total of 41 companies had applied for the permit
Reliance Infocomm customers will soon be able to make calls to China at much cheaper rates, with the company all set to enter into a deal with China Telecom, a fixed line operator.
Payments banks will mainly deal in remittance services and accept deposits of up to Rs 1 lakh.
The central bank gave 11 entities licences to start payments banks.
'We referred the case to the attorney general.' 'I told Mukul Rohatgi, "mujhe aap ka honest opinion chahiye".' 'He too said those were different offers.' Trai could not have stopped Reliance even if the Jio offers had been the same, Trai chief Ram Sewak Sharma tells Subhomoy Bhattacharjee.
Shareholders were upset with RIL's increasing focus on non-core areas and its reluctance to pay dividends
Reliance Communications (RCom) has paid Rs 1,651 crore as licence fee to start pan-India GSM operations.
Also mandates pursuing other consolidation options.
The recognition that content - video in particular - will be the next big thing in the telecom wars requires no rocket science.
Ericsson to manage day-to-day ops across wireline and wireless network.
The success of Anil Ambani's ambitious defence plan will depend partly on whether he can persuade government officials and international partners that he can build sophisticated equipment and partly on whether the PM can get India's notoriously slow procurement process to work, say Paritosh Bansal, Sanjeev Miglani and Promit Mukherjee.
According to sources, with this deal and some others in the anvil Reliance would be able to double its network capacity(GSM and CDMA) from 35 million lines currently.
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