GSM based mobile service providers jointly added over 44 lakh new customers, taking their cumulative customer base to 67.88 crore in September, according to data released by industry body COAI on Wednesday.
Reliance joins a number of large companies, including the Essar and Adani groups, which are raising loans abroad as interest rates in India remain high.
After a stellar run that saw the frontline indices - the S&P BSE Sensex and the Nifty 50 - clock gains of around 21 per cent and 24 per cent respectively in calendar year 2021 (CY21), the year gone by in real sense belonged to the mid-and small-cap segments. Thus far in CY21, the mid-and small-cap indexes on the BSE have far outpaced the run in the frontline indices and notched up a gain of around 38 per cent and 61 per cent, respectively during this period. Though analysts expect the outperformance to continue in 2022, they caution against the multiple headwinds in the year ahead that may dent the overall market sentiment.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
To bring clarity, the department clearly defines terms such as promoter and competitor.
While study was done before the current boardroom battle began, the findings indicate Tata is no longer viewed as aspirational brand by working professionals.
DoT though failed to implement TRAI's recommendations to levy spectrum usage charge
Telecom operator Vodafone has been the top gainer of customers through mobile number portability facility while Reliance Communications is the biggest loser.
Jio is in a neck and neck battle with Airtel, which added a similar number of subscribers as Jio in the 15 months from February 2017 to April 2018
Tata's Vistara has a very strong core team to look into daily operations.
The market breadth, indicating the overall health of the market, turned negative from positive
'Spectrum payment to push up telcos' debt to Rs 3.5 lakh cr'
The Department of Telecom may bar operators holding 3G airwaves from sharing the high-speed spectrum.
American Tower bulks up in India with $1.2 billion Viom stake buy
However, survey by Japanese firm shows India as most preferred Asian market for Japanese investors.
London-based Sanjay Khatri, 40, tells us how he met Narendra Khandagale 18 years ago.
Another important early decision of Birla was to get into the wireless telephony business in association with AT&T and another revered Indian business house, the Tatas.
Midcap stocks continued to remain on buyers' radar with BSE Midcap index up 0.1%.
Bhargavi Zaveri & Radhika Pandey explains how complexities of foreign exchange rules are used by India Inc to dispute contractual obligations.
Telecom companies have put in bids worth Rs 58,332 crore (Rs 583.32 billion) in spectrum auction at the end of 49 rounds on the 7th day of bidding on Monday.
The auction started off with the 36th round this morning. At the end of 35 rounds on Friday, bids worth around Rs 54,600 crore had been received by the government.
The call drop rate should not be more than 2 per cent and for worst affected cells it should not be more than 3 per cent.
While smart boys like the Ruias of Essar, Ajay Piramal, Max India promoter Analjit Singh laughed all the way to the bank, the Tatas, Anil Ambani, Malaysian tycoon T Ananda Krishna of Maxis (which invested in Aircel), Sistema, and Norway's Telenor burnt their fingers, notes Surajeet Das Gupta.
The company has made payment in compliance with Telecom Department's instructions for self assessment, Mittal said, adding that the Supreme Court had not mentioned specific amounts.
The government has so far received about Rs 26,000 crore from AGR payments, including adhoc/ buffer amounts given by telcos to meet any reconciliation differences with the telecom department.
Uninor added 8.53 lakh subscribers to take its base to 4.01 crore during the reported period.
Telecom subscriber base crossed the 95-crore mark in August, after a gap of more than two years, on the back of higher mobile users whose number touched 92.43 crore.
PE giants Apollo, Bain Capital and Advent International are keen to pick stake in Viom
Broader markets underperformed the benchmark indices with BSE Midcap and Smallcap indces slipping 0.8%-1.1%
The fall in metal and mining stocks comes on the back of weak Chinese trade data
Mukesh Ambani's Reliance Jio, however, continued to add wireless subscribers
Both the indices ended at their highest levels since February 1.
Reports by CAG earlier on the 2008 telecom licence scam had resulted in the cancellation of 122 licences.
Idea Cellular will have to furnish an undertaking that it will entertain all the liabilities whenever a final decision is taken by the courts
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RCom slashed 3G prices for all kind of connections -- pre-paid, post-paid, new and old -- across 13 circles where its third-generation services are available.
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.
The big beneficiaries of this move will be the big three -- Bharti, Vodafone and Idea.
In July 2012, TDSAT gave split verdict where one of the bench member ruled in favour and other member ordered against it.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Government's resolution on the contentious issue of spectrum usage fee seems to have found favour with telecom operators with none of them withdrawing their application from airways auction on the last day on Monday.
