Upfront payment of Rs 32,000 cr just half of Budget estimate; no takers for 700 & 900 megahertz bands
Sensex ends 134.91 pts down at 28,709.87; Nifty falls 44.70 pts at 8,712.05.
The freebies are now over, but Jio will need to notch up subscriber numbers and margins to prove its sceptics wrong.
Airtel, Vodafone, BSNL increase subscriber share while Idea manages to retain
The company will wait for sizeable user base for better valuation.
Sachin Bansal, who had co-founded Flipkart with Binny Bansal in 2007, would exit the company
Of the two big players, while Bharti Airtel can leverage its existing subscriber base, newcomer Reliance Jio will have to wean away subscribers from the incumbents
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.
Spectrum auction took off on Wednesday from Rs 58,980.29 crore (Rs 589.80 billion) mark with demand for the premium 900 Mhz band seemingly tapering off at the end of 56 rounds.
Lt Governor says discoms must cooperate or face cancellation of licences. Ficci cries interference.
T N Ninan lists a few David-Goliath encounters in the Indian markets, all of which make life interesting, though difficult if you are an investor looking for the next multi-bagger.
Chinese telcos hold 60-100 MHz of spectrum, while Indian companies hold 13-15 MHz of spectrum.
A look at the life and times of maverick businessman Chinnakannan Sivasankaran
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