Most of the session's gains for both the indices were wiped out as investors rushed to book profits ahead of F&O expiry on Thursday and also due to concerns over stretched valuations.
The recognition that content - video in particular - will be the next big thing in the telecom wars requires no rocket science.
RCom intends to utilise the proceeds of the proposed transaction to reduce its debt.
Consolidated net debt of Airtel increased by 24 per cent to Rs 97,395.2 crore.
Year 2013 saw business leaders facing the ire of hostile investigative agencies.
Both the indices ended at their highest levels since February 1.
Falling revenues, increased capex, and first full year of spectrum debt may make things worse
At the moment, data and broadband is small for BSNL: it contributes 10 per cent of the company's revenue, though its share is on the rise.
Other major laggards were IndusInd Bank, SBI, Bharti Airtel, ONGC, Tata Steel and Reliance Industries -- falling as much as 6.30 per cent.
The companies have offered to pay upfront the principal amount due for licence fees and spectrum usage charges (SUCs) on the basis of adjusted gross revenue (AGR). This amount will not include the interest, the penalty, and the interest on the penalty.
Analysts said with more power sector companies referred to the NCLT by banks, large companies would be at an advantage.
Given the fragmented nature of the domestic cable TV market and the need for last-mile connectivity, RIL, said sources, would have to do more to achieve its target of reaching 20 million homes and 15 million business establishments with its broadband services across 1,600 towns in the next few years.
Corporate legal cases kept India Inc on its toes in 2014 as high stake matters on coal, telecom and mining came up in the Supreme Court, which also sent Sahara Group chief Subrata Roy to jail.
Ballooning debt forces more and more Indian promoters to sell out to global majors and PE players.
Reliance Industries on Wednesday decided to double the production capacity at its Jamnagar Refinery to 60 million tonnes at an investment of Rs 25,000 crore (Rs 250 billion).
While existing players are expected to first drop prices, acquisition of smaller firms by larger ones is likely in future
Following yesterday's smart move the Sensex opened with a positive gap of 15 points at 5,248. The index is now at 5,253 - 20 points
Kishore Biyani led-Future Group has filed a caveat before the Delhi high court requesting it to be heard if any plea is filed by e-commerce major Amazon over its Rs 24,713 crore deal with Mukesh Ambani-led RIL. Anticipating a move by Amazon, which had got an interim arbitration award in its favour, putting the announced deal on hold, the Future Group firm has moved the Delhi high court.
Telecom department says spectrum can't be used as collateral because it's government property
BSNL unveiled a promotional unlimited wireline broadband plan that effectively translates into less than Re 1 per GB download cost for very high-usage subscribers
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.
ICICI Bank was the top laggard in the Sensex pack, sinking over 10 per cent, followed by Bajaj Finance, HDFC, IndusInd Bank, Axis Bank and Maruti. Bharti Airtel and Sun Pharma were the gainers in the BSE index. NSE Nifty suffered a heavy loss of 566.40 points, or 5.74 per cent, to settle at 9,293.50.
RJio's aggressive plans will lead to significant impact on listed companies in this space
This is the biggest equity-raising exercise by an Indian corporate within a financial year. The fundraising - led by Citibank, Goldman, Kotak and Axis Capital as bankers - will see participation by foreign and domestic institutional investors.
With their net debt estimated at Rs 1.15 trillion, the merged entity will not be in much of a position to dole out freebies, says Romita Majumdar.
Reliance Communications' third entry into the telecom business, starting with the time it was run under a different name when the Ambanis were an undivided group, has predictably got the mobile industry in a tizzy.
According to a Deutsche Bank report, the Idea-Vodafone combine will have to pay a 30 per cent lower annual installment on spectrum due to the longer duration of the payment tenure.
Flag Telecom, a subsidiary of Reliance Communications, has signed a $100 million
Rationalisation of reserve prices in the ongoing spectrum auction helped the government to get Rs 40,000 crore of bids on the opening day.
Bharti Airtel is rolling out last-mile connectivity with a target of reaching over 20 mn addressable households in 90-100 cities in the next 3 years
RJio is targeting the existing base of high-value customers.
The new executive director of Reliance Capital has big shoes to fill in every way.
Battleground shifts to rural and small towns, where user base aspires to upgrade to smartphones.
Customers may lose freebies or have to pay a little more for mobile services in the days ahead as operators try to make up for Rs 61,100 crore they have committed to government in the latest spectrum auction.
To avail the benefit, customers will have to SMS 'BETTER' on 199 and the 10-minute talk time will be credited
In the broader markets, the BSE Midcap and Smallcap indices extended gains and were up over 1% each
Broader market underperformed the headline indices
No one is quite sure when the soft launch is likely.
