Strong foreign liquidity flows fueled by ultra-lax policies at global central banks catapulted the BSE Sensex past 50,000 on Thursday. A revival of earnings growth and structural reforms may push the index to the 100,000 mark in the next five years, or even sooner, market experts said. “Basically, if you …
Read More »Amid China Row, Center Says It May Blacklist Some Telecom Equipment Suppliers
The decision was made by the Cabinet Security Committee. New Delhi: Amid tension with China, the government said today that it could blacklist certain telecom equipment suppliers and designate companies as “Trusted Source from India.” The telecommunications industry may soon have a list of companies from which companies can purchase …
Read More »Rate increase will depend on the largest telecommunications company: President of Bharti Airtel, Sunil Mittal
Bharti Airtel Chairman Sunil Mittal believes India will be a major player in cutting-edge 5G technology, but wants prices to be favorable to investors. In a conversation with Commercial standardMittal spoke about the urgent need to increase mobile rates, the industry’s interest in the upcoming 4G spectrum auction, the company’s …
Read More »A rate increase is needed as prices are ‘unsustainable’, market condition to drive decision: Sunil Mittal
On the question of whether or not Chinese telecom equipment providers will be allowed to participate in next-generation 5G networks, Mittal said the most important question is the nation’s decision, stating that “whatever the country decides will be accepted. for all “. When it comes to rates, the company has …
Read More »Bharti Airtel’s strong results are a mirror for pessimistic investors
Lately, the shares of Bharti Airtel Ltd have become an enigma. Although the company is expected to be a key beneficiary of the troubles at Vodafone Idea Ltd, the stock recently flirted with its post-covid lows seen in March. While he has recovered a bit for ₹430 levels, it has …
Read More »The Vodafone case has cost India a lot. Time to accept defeat and move on
Strong states are strengthened by putting limits on their own power; weak states are weakened by descending to arbitrariness. India has to choose what it wants to be. That is the message that an international arbitration tribunal in The Hague is sending to New Delhi. The panel dismissed the Indian …
Read More »Netflix and Amazon Prime are the latest weapons in India’s telecom war
The telecommunications price war in India is back, and this time the battle is fought with gifts. After announcing the first rate hike in three years in 2019, telecoms operators are offering incentives like Netflix service subscriptions to Amazon Prime to win over customers in a market hungry for content. …
Read More »Telecommunications stocks under pressure; Bharti Airtel, Vodafone Idea slip more than 6%
Shares of telecom service providers, primarily Bharti Airtel and Vodafone Idea (VIL), fell 6 percent on the BSE on Wednesday after rival Reliance Jio (RJio) announced a range of postpaid plans, including many first, like the mobile in flight. Connectivity Bharti Airtel was down 7 percent to Rs 437, while …
Read More »Vodafone Idea rallies 54% from Tuesday’s low before fundraising meeting
Vodafone Idea (VIL) shares rose 20 percent, for the second day in a row, to 11.88 rupees on the BSE on Thursday before the board meeting on Friday to consider the fundraising plan. Shares of the telecommunications service provider had risen 11 percent on Wednesday. With the increase of the …
Read More »Bharti Infratel board approves merger with Indus Towers
NEW DELHI: Bharti Infratel’s board approved Tuesday the long-pending merger with Indus Towers Ltd, first announced in April 2018, to create the world’s largest mobile tower operator outside of China. The deal will allow the cash-hungry Vodafone Idea Ltd to sell its 11.15% stake in Indus Towers for ₹4,000 crore, …
Read More »