The government on Friday unveiled long awaited Unified Licence norms that provide for delinking of spectrum from operational permits and allows companies to offer services using any technology.
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.
Voice calling will be free on Jio phones for life and post December 31, 10 data plans will be offered
Fresh buying by domestic institutional investors and better-than-expected June quarter results from some blue-chip companies boosted investor sentiment
Airtel offers 4G service in 1800 Mhz band frequency while other companies are yet to roll out their services.
The broad-based NSE Nifty rose 52.80 points, or 0.50 per cent, to end at 10,530.70
The DoT report is expected by the end of the month.
It has made everything public in the name of 10 lakh comments it got on draft net neutrality proposals.
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.
Spectrum auction on Thursday entered the 10th day of bidding and started off from Rs 61,091.83 crore (Rs 610.91 billion) in terms of value.
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.
Midcap stocks continued to remain on buyers' radar with BSE Midcap index up 0.1%.
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.
This puts an end to Facebook's Free Basics and Airtel's zero rating plans in India.
This will be in line with government's vision of Digital India.
Smartphones are powered with free unlimited Internet browsing for a year.
Market breadth was weak with 1239 losers and 1078 gainers on the BSE.
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.
'Unless India Inc's earnings offer promise in March 2017 quarter, sentiment may not reverse in a hurry.'
Airtel, Vodafone, Idea, RCom, Reliance Jiosubmitted applications.
Sun Pharma dipped 2% to Rs 615 on the BSE, its lowest level since November 9, 2016
Total income from operations rose 6.55 per cent to Rs 5,361 crore (Rs 53.61 billion) for the reported quarter as compared to Rs 5,031 crore (Rs 50.31 billion) for the same period last year.
High spectrum charges would lead to rise in mobile services rates and adversely impact government's Digital India initiative by impeding telecom network expansion.
Broader market outperformed the headline indices with BSE Midcap and Smallcap finishing the day 1.22%, and 1.54% higher, respectively
Evolving a common work ethic and culture will be critical so that the merged entity does not lose focus on the common enemy outside -- and instead becomes more obsessed with internal turf wars.
Bharti Airtel made part payment of Rs 4,725 crore.
Facebook has launched an 'internet.Org' initiative
The agency had earlier alleged that the company had sold its 9.1% stake to Delphi for Rs 10 crore --a rate much lower than the prevalent market price.
Zuckerberg appeared on a video to personally promote Free Basics.
The interconnection charge has been reduced.
RCom had net debt of about Rs 40,222.6 crore at the end of June 30.
Most business groups in India, including Godrejs, Tatas and Mahindras, have seen patience tested in JVs, with some of them winding up quickly
Mobile phone service providers alone jointly reported gross revenue of Rs 55,164.18 crore (RS 551.64 billion).
TCS, Bajaj Auto, Adani Ports and Cipla were the top gainers on BSE Sensex while Coal India, GAIL, Dr Reddy's and Infosys lost the most on the index.
Textile and telecom shares have gained ahead of the Cabinet meet later today which is likely to announce new measures for both the sectors.
Mark Zuckerberg said the company believes in Net neutrality "very strongly".
Telecom Regulatory Authority of India, on October 15, gave its recommendation on spectrum auction for premium 900 Mhz band and 1800 Mhz band that are presently being used for 2G GSM mobile services by Airtel, Vodafone, Idea Cellular and Reliance Communications.
Investors brace up ahead of the key macrodata- IIP and CPI numbers due to be unveiled tomorrow.
Hudhud leaves a trail of destruction in Visakhapatnam, home to a major naval base.
