Banks have Rs 10 trillion in stressed assets - Rs 7.8 trillion of bad loans and Rs 2.2 trillion of restructured ones.
Both the indices ended at their highest levels since February 1.
Falling revenues, increased capex, and first full year of spectrum debt may make things worse
Typically these are high-beta stocks and earnings are volatile
DoT committee rejects most Trai suggestions for freeing airwaves for sale.
Spectrum auction: Govt revenues reach Rs 1.02 tln on Day 10
Operators continued aggressive bidding in 900 MHz band
Airtel has pitched for a hike in mobile and data tariffs.
The company is targeting 100 million subscribers in shortest possible time, RIL Chairman Mukesh Ambani said
Telecom companies (Airtel, Vodafone, ABNL-via Idea Cellular), which enjoy larger reach, appear to be better placed among the key companies bagging payments bank licences.
At the moment, data and broadband is small for BSNL: it contributes 10 per cent of the company's revenue, though its share is on the rise.
The latest ad, done by O&M again, Vodafone's ad agency, shows two engineers tinkering away in a dimly-lit highway tunnel.
Despite low tariffs, voice usage is not growing.
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.
Financial shares were the top losers.
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.
Premiumisation, improving demand aid realisation growth at most large firms
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.
India's largest-ever spectrum auction kicked off on Saturday with major telecom operators placing bids worth Rs 53,531 crore across bands, even as the premium 700 Mhz and 900 Mhz frequencies did not find any buyer.
The DoT report is expected by the end of the month.
Last year, the software giant launched a cloud adoption programme for SMBs.
The DoT estimates that it will receive Rs 29,524 cr in revenue from the telecom industry in FY18, which is 38% less than the Budget revenue target of Rs 47,300 cr for FY18
In the broader market, the S&P BSE Midcap added over 1% to finish at record closing high
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.
Funds will be raised via non-cumulative preference shares issued to Tata Sons on rights basis
Voice calling will be free on Jio phones for life and post December 31, 10 data plans will be offered
The return of investor confidence in the equity markets is bringing some of the large companies back to the fund-raising table.
Reliance Jio Infocomm has announced that it would launch commercial 4G services in 6 to 8 weeks.
Midcap stocks continued to remain on buyers' radar with BSE Midcap index up 0.1%.
High spectrum charges would lead to rise in mobile services rates and adversely impact government's Digital India initiative by impeding telecom network expansion.
To bring clarity, the department clearly defines terms such as promoter and competitor.
Market breadth was weak with 1239 losers and 1078 gainers on the BSE.
BSE Smallcap index outperformed the frontline indices to rise 0.6%, while the BSE Midcap was flat
From Rafale relief to heat on realtors, 10 landmark Supreme Court judgments in 2018.
Most of the session's gains for both the indices were wiped out as investors rushed to book profits ahead of F&O expiry on Thursday and also due to concerns over stretched valuations.
Eight telecom companies, including Bharti Airtel, Vodafone and Idea Cellular, the biggest three in the country, bid a combined Rs 61,162 crore (Rs 611.62 billion) in the spectrum auction held earlier this month.
Reports by CAG earlier on the 2008 telecom licence scam had resulted in the cancellation of 122 licences.
'Unless India Inc's earnings offer promise in March 2017 quarter, sentiment may not reverse in a hurry.'
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