Looking to put money in aviation, infrastructure and also to reduce debt of group companies.
The group began to outperform the broader market only with the onset of the pandemic in March 2020 while earlier it was largely keeping pace with the Sensex. The group's market cap is up 164.4 per cent since the end of March 2020 against a 105 per cent rally in the Sensex.
After Vodafone Idea, Tata Teleservices (Maharashtra) on Tuesday said it will opt for conversion of the interest amount on AGR dues into equity and post conversion, the government's holding in the company is expected to be around 9.5 per cent. The announcement of Tata Teleservices (Maharashtra) came within hours of Voda Idea also deciding to opt for converting the interest amount on AGR dues into government equity. In a filing to the BSE, Tata Teleservices (Maharashtra) said Net Present Value or NPV of interest is expected to be nearly Rs 850 crore as per the company's estimates, subject to confirmation by the Department of Telecom (DoT).
The parties have jointly applied to the Delhi high court, requesting that it accept their agreed terms of settlement, subject to such further orders as the court sees fit, it said.
Telecom operators slash call rates to quake-hit Nepal
Equity benchmark indices Sensex and Nifty settled higher on Thursday, powered by a rally in banking and power stocks amid a largely firm trend in global markets. The stock markets mostly traded range-bound in the absence of any major trigger and persistent foreign capital outflows, traders said. The 30-share BSE Sensex rose 144.31 points, or 0.18 per cent, to settle at 81,611.41.
Tata Indicom, the umbrella brand of Tata group's telecom services, is all set to roll out its Wireless-Fidelity or Wi-Fi services in India, even as it has launched the service at five Mumbai-based Barista coffee outlets.\n\n
Tatas may look at selling part of its stake in couple of investments
Docomo is looking to expand its reach beyond Japan and sees India and Africa as key emerging markets.
On Friday, shares of Tata Motors rose by 2.68 per cent and Tata Steel went up by 1.85 per cent on the Bombay Stock Exchange.
The issue will now have to be resolved through arbitration.
Which were the five businesses Ratan Tata had great hopes for, but his successor failed to deliver?
Vodafone Idea on Monday paid Rs 2,500 crore to DoT and promised to pay another Rs 1,000 crore before the end of the week.
According to the quality of service rules, not more than 2 per cent of total calls in a telecom circle on a network should automatically get disconnected.
On 60th Independence Day, it is bonanza time for telecom subscribers with operators rolling out a range of services.
The National Stock Exchange (NSE) and the BSE has announced that three Adani group companies -- Adani Enterprises, Adani Power and Adani Wilmar -- will move out of the short-term additional surveillance measure (ASM). The stocks will be excluded from the short-term ASM framework with effect from March 17, according to separate circulars available on the exchanges. The NSE and the BSE had put the three Adani group firms, including the flagship firm Adani Enterprises, under the ASM framework on March 8.
State-run GAIL (India) Ltd, which has laid a vast network of fibre optic cables along the gas pipeline grid it operates, will sell bandwidth to newspapers, news agencies and TV channels at a 70 per cent discount.
Bharat Sanchar Nigam Ltd (BSNL) has received permission to offer CDMA services across the country (except Delhi and Mumbai) under the crossover technology policy. Under the policy, existing GSM operators are allowed to offer CDMA service and vice versa within the same licence after paying a fee.BSNL is the third company after Reliance Communications (which is in CDMA and wanted to operate GSM service) and Tata Teleservices (similar to Reliance) which has been given licences
The monopoly of state-owned service providers Bharat Sanchar Nigam Ltd and Mahanagar Telephone Nigam Ltd in the public call office business is fast eroding.
The Telecom Commission is considering imposing fines of Rs 400 crore (Rs 4 billion) on seven telecom service providers for delay in commissioning of services. A note for this purpose was put up for consideration last month.
Tata's Vistara has a very strong core team to look into daily operations.
Spectrum auction ends, brings Rs 1.09 tln to govt kitty.
Here's a look at how key Tata group companies fared under Cyrus Mistry's stewardship.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Telcos may hike mobile rates to recover spectrum cost: Moody's
Analysts say Tatas could sustain their current pace of growth, provided the group's "cash cows", such as TCS and Tata Motors, continue to deliver.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
The Department of Telecom has worked out a one-time spectrum charge of over Rs 2,060 crore to be levied from operators for the period they remained in business after their licences were cancelled in February last year, sources said.
Famous and long believed to be trusted Indian brands have wilted against foreign brands, says Mohan Guruswamy.
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