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.
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.
In what can be termed as the biggest write-off by an Indian firm, CDMA service provider Tata Teleservices is planning to restructure the company to offset losses of around Rs 5,141 crore (Rs 51.41 billion) by way of capital revamp.
The Tata group companies are now more valuable than all the listed central public sector undertakings (CPSUs) or companies in the country. The key 20 listed Tata companies ended the 2021 calendar year with a combined market capitalisation of Rs 23.36 trillion, ahead of the 70 listed CPSUs, which had a combined m-cap of Rs 23.2 trillion. In comparison, these CPSUs had a combined market capitalisation of Rs 16.7 trillion at the end of December 2020 against the Tata group firms' combined m-cap of Rs 15.7 trillion.
Tata Teleservices Ltd plans to make a total investment of Rs 10,000 crore (Rs 100 billion) over a five-year period ending in 2007, a top executive of the company said on Monday.
Airtel, Vodafone, Idea, RCom, Reliance Jiosubmitted applications.
A lot of mid and small-caps are in the bubble zone and command high valuation and have corrected sharply.
Mirroring the growth in cellular services, the basic telecom including the WLL (mobile) services, has touched 31.82 lakh customers, with Reliance Infocomm leading the tally with 16.7 lakh at the end of June this year.
Analysts caution against volatility and recommend buying stocks of companies that are on strong fundamental footing that have been beaten down badly in the recent carnage.
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.
The market breadth, indicating the overall health of the market, turned negative from positive
Docomo is looking to expand its reach beyond Japan and sees India and Africa as key emerging markets.
Customers of Vodafone, Idea Cellular, Tata Teleservices and BSNL in some circles have reported maximum discrepancies in their phone bills, according to a latest report by telecom regulator TRAI.
ONGC was the top performer while private banking major ICICI Bank extended gains
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Midcap stocks continued to remain on buyers' radar with BSE Midcap index up 0.1%.
The fall in metal and mining stocks comes on the back of weak Chinese trade data
When it comes to the number of phone bill disputes, Vodafone, Idea Cellular, BSNL and Aircel were high on the list in several service areas during the quarter ended June.
Voice calling will be free on Jio phones for life and post December 31, 10 data plans will be offered
Broader markets underperformed the benchmark indices with BSE Midcap and Smallcap indces slipping 0.8%-1.1%
Telecom major Bharti Airtel led the growth in segment with net addition of 1.31 million subscribers.
Given the escalating cost of doing business, the revenue opportunity is decreasing and consolidation is an inevitable part of the industry.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
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.
Market breadth was weak with 1,260 advances and 1,597 losers on the BSE.
In July 2012, TDSAT gave split verdict where one of the bench member ruled in favour and other member ordered against it.
The amount generated so far is about 86 per cent of what the 3G auction fetched in 2010.
Lt Governor says discoms must cooperate or face cancellation of licences. Ficci cries interference.
Inflation is down, growth is headed for recovery. RIL and subsidiary Jio are on an upswing. However, stressed loans and impending job losses are the dark clouds, says Devangshu Datta.
Bharti to spend Rs 1,600 cr for spectrum payout over 10 yrs; Telenor to service its own debt.
Chinese telcos hold 60-100 MHz of spectrum, while Indian companies hold 13-15 MHz of spectrum.
The 39-year-old, the fifth child of an illiterate labourer couple and only the second of their eight to be educated, now helms various ventures that bring in a turnover of between Rs 75 crore and Rs 90 crore.
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