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.
The 30-share Sensex ended up 1 point at 27,459 and the 50-share Nifty ended down 1 point at 8,341.
As per data, call drop situation in Delhi has improved.
With inflation down, the government's twin deficits are largely under control.
As economic policy making moves from pragmatism to populism, the bulls begin to make way for cautious optimists.
The bench said it will take up the matter for hearing on Thursday.
Many chief executives said they were talking to people at the top level in their organisations to find how their companies can help the flood victims.
The S&P BSE Sensex gained 57 points to end at 26,064 and the Nifty50 climbed 17 points.
The freebies are now over, but Jio will need to notch up subscriber numbers and margins to prove its sceptics wrong.
The telecom spectrum auction entered the 33rd round of bidding today after starting off from the Rs 52,689 crore (Rs 526. 89 billion) mark this morning.
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The existing shareholders will get one RPL share for each RCom share (of Rs 130 market price) held.
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
Markets will be closed on Thursday and Friday on account of Holi and Good Friday, respectively.
This will help the company reduce its debt that has doubled to Rs 40,177.6 crore in four years.
The S&P BSE Sensex ended 80 points up at 23,789 while the Nifty50 closed at 7,235, up 24 points.
Jio's disruptive strategy, including free voice services and data at throwaway rates, apart from offering all services free for six months, triggered a consolidation in the telecom sector.
The fear of another scam pushed the government into a rather long period of so-called 'policy paralysis'. To play it safe, the price of spectrum in all subsequent auctions was benchmarked to the high 3G rates, says Surajeet Das Gupta.
DoT had raised the demand on December 22 and asked RCom to pay within a month.
Uninor added 8.53 lakh subscribers to take its base to 4.01 crore during the reported period.
Investors engaged in profit booking in the recent gainers at attractive and higher valuations.
RIL has been talking to groups including Gionee, Huawei and Xiaomi
The amount generated so far is about 86 per cent of what the 3G auction fetched in 2010.
Promoters' holding in private sector BSE 500 companies declined to 43.4% in Sept
Some investment bankers expect the Indian currency to touch 60-65 by the end of the year
The entry of the deep-pocketed conglomerate is expected to heighten competition.
Banking and telecom will see the highest impact of this transition.
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The benchmark has gained 2 per cent this week on continued hopes the incoming Narendra Modi government would unveil substantial economic reforms.
Seeking urgent steps by mobile operators to check call drops, regulator TRAI on Wednesday said their performance would be reviewed after 15 days and warned it will "cross the bridge" if they fail to do the needful.
The Sensex soared 402 points higher to end at 25,720 and the Nifty surged 130 points to close at 7,819.
Mukesh's television unit has been aggressively wrapping up deals with hundreds of small players in a street-by-street effort to conquer that final hurdle in its cable TV drive
The 30-share Sensex ended up 8 points at 27,508 and the 50-share Nifty closed 1 point higher at 8,284.
Telecom tower companies likely to invest around Rs 500 crore (Rs 50 billion) to enhance network.
Several high profile companies are burdened with losses, mounting debt and have a huge load of operational costs.
The third round of spectrum auction continued to witness aggressive bidding even after completion of seventeen rounds on Wednesday with demands for both bands of airwaves on offer continuing to pour in.
Ambani's $15 bn bet will upend Indian telecom
The dual-technology operator plans to divert its mobile customers and those who use mobile internet to the GSM side of its business, and devote the CDMA business exclusively to dongles.
Most of the steep rate cuts announced might also not translate into bill savings for subscribers
On a weekly basis, the Sensex climbed 749.86 points or 2.69 per cent and the NSE Nifty soared 237.10 points or 2.76 per cent
In spite of the high number of exits, Reliance group firms of both brothers continue to be darlings of small investors
RIL has signed an infrastructure sharing agreement with Reliance Communications (RCom, of the Dhirubhai Ambani group) to launch its services.
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