Tech Mahindra was the top loser in the Sensex pack, crashing over 9 per cent, followed by Kotak Bank, Axis Bank, TCS, Infosys and HUL. On the other hand, Hero MotoCorp, Bajaj Auto, Bajaj Finance and Titan were the gainers.
The Big Two telecom companies have accelerated their moves towards this next-gen technology, though they have chosen very different routes to getting there.
Reliance Industries Ltd (RIL) was the star performer in Friday's session, spurting over 6 per cent to its all-time high, Other Sensex gainers included Bajaj Finance, PowerGrid, ICICI Bank, Maruti, Axis Bank and SBI. On the other hand, IndusInd Bank, HCL Tech, ITC, M&M HDFC and Infosys shed up to 2.94 per cent.
Small cells improve coverage in areas where traffic is high.
The government on Wednesday said it has cleared Norwegian telecom firm Telenor's proposal to invest Rs 1,000 crore in a joint venture company in the telecom sector.
The investigating agency wants to ascertain the actual purpose of the deal.
Regulator wants the power to fine errant telecom companies.
Chinese telcos hold 60-100 MHz of spectrum, while Indian companies hold 13-15 MHz of spectrum.
The pilot of the MMTS train was trapped in his cabin, which was badly mangled, and efforts were on to rescue him, they said.
The government is looking for a speedy roll out of Wi-Fi services at select public places in top 25 cities with population of over 10 lakh by June 2015.
After engaging in a war of words with industrialist Ratan Tata, Rajya Sabha member Rajeev Chandrasekhar has now given a 7-point agenda to Telecom Minister Kapil Sibal suggesting that the ministry be made "free of lobbyists and wheeler-dealers" to clean up the sector.
The government on Thursday said it has directed Mahanagar Telephone Nigam Ltd to monitor illegal international calls through its Nepal subsidiary.
The change in stance follows a strong opposition by automakers of the proposed government plan to ban two-wheelers (below 150cc) and three-wheelers by 2023 and 2025, respectively
Out of the total of 25,359 complaints received during 2010, the highest of 8,330 were against Railways, 6,520 against banks, 1,836 against petroleum department and 1,572 were against telecom officials.
'It is in electronics that the gap between where we are and where we need to be is most obvious and most persistent.' 'It is not only a national security issue, but also a commercial issue,' argues Rajeev Srinivasan.
The Directorate General of Foreign Trade said in a directive that telecom operators will have to refund the duty sops availed under the commerce ministry's export promotion scheme for services -- Served From India Scheme.
The policy change was originally scheduled to come into effect on February 8, the Facebook-owned company said.
Dismantling a legacy of United Progressive Alliance rule, Prime Minister Narendra Modi has abolished all the 30 GoMs and EGoMs and told ministries and departments to take decisions on pending matters.
The biggest gainers in the Sensex pack in Friday's session were Yes Bank, Bharti Airtel, Tata Motors, Vedanta, SBI and Axis Bank, spurting up to 3.05 per cent. The losers included HCL Tech, TCS, Infosys, Hero MotoCorp, IndusInd Bank and Sun Pharma, falling up to 1.55 per cent.
'We have filed our draft red herring prospectus for a floating IPO for a net offer size of 86.6 million shares.'
The government on Wednesday said the guidelines for the Gen Next mobile services (3G) that includes video calls will be issued soon addressing all security concerns raised by the home ministry.
Representatives of the British telecom company on Friday met senior finance ministry officials, in search of an amicable solution.
A total of 16 secretaries have been appointed to various central government departments.
A consummate deal-maker, the former Aircel boss raked in the moolah in many, but lost a packet in several others.
Terming the charges with regard to allocation of spectrum in 2008 against him as baseless, Telecom Minister A Raja on Monday said the allegations in no way have affected the day-to-day work.
The defence ministry has lost sight of what it intended to achieve -- which was to nurture private defence firms that would compete on equal terms with the 9 defence PSUs and the 41 Ordnance Factory Board factories.
Sun TV had approached the Home Ministry for security clearance.
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.
In the first secretary-level appointments by the Narendra Modi government, Rakesh Garg was on Sunday named the new telecom secretary while Jugal Kishore Mohapatra is to be secretary in the fertilizers ministry.
MoD dismissed the report saying it draws 'conjectural connection between tax exemption to a private company and procurement of Rafale jets'.
The company, which has a subscriber base of 120 million, also plans to raise funds via a bonds issue. The company's impending 4G launch is also expected in the second half of the current financial year for which it would invest Rs 12,000 crore, partly through bonds.
The admission comes as it seeks to ensure approval of the deal by Indian regulators under restrictive foreign investment laws.
While Rs 37,461.01 crore has been allocated for higher education, Rs 56,386.63 crore has been earmarked for school education.
The government announced a Rs 1000-crore (Rs 10-billion) project to convert wireless operations of defence services on Optical Fibre Cable, a move that is estimated to release 45 MHz of spectrum.
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The ministry's move to intervene in the matter comes 20 days before implementation, after broadcasters complained they would suffer huge loss because digitisation was still in the first phase across the country.
The government has projected to garner up to Rs 35,000 crore (Rs 350 billion) from sale of radiowaves, mainly 3G spectrum, to telecom operators in the current financial year.
Earlier in the day, Cabinet secretary K M Chandrasekhar, who was heading the high-level committee to monitor vacation of spectrum by the defence forces, said revenues would get preference to timing for 3G auction.
Notwithstanding the Supreme Court's deferment of the Ayodhya verdict, the Centre has extends ban on bulk SMS-es till September 29 on all telecom networks.
The 21-day coronavirus lockdown in force since Wednesday has triggered a mass exodus of migrant workers across the country since the last few days.
Chinese mobile brands are deeply entrenched in the Indian market. A move to bar them may send a bold diplomatic message. But its cost for the local industry is anybody's guess. In the event that Chinese brands face curbs, two handset makers - Samsung and Apple - squarely stand to gain.
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