Indian markets were more than half a percent lower on Wednesday before the Supreme Court hearing on a series of petitions seeking a waiver of interest on loans during the moratorium period. Among the major indices, the S&P BSE Sensex fell 250 points to 40,360 levels and the Nifty50 index …
Read More »LIVE MARKET: IT, Cement Stocks Perform Better in Limited Range Market
Photo: Kamlesh Pednekar Indian markets slashed all their morning gains and fell into the red in the limited-range session on Tuesday before the Supreme Court hearing on a batch of petitions seeking a waiver of interest on loans during the moratorium period. Among the major indices, the S&P BSE Sensex …
Read More »Reliance Jio retains top spot in mobile telcos with 35 lakh new clients, Vi loses 37 lakh: TRAI
Reliance Jio added more than 35 lakh of wireless subscribers to its mobile network in July 2020, while Vi, which renamed the old Vodafone-Idea, lost 37 lakh of subscribers, the monthly report from the Telecommunications Regulatory Authority noted. from India. With this, Jio continues its leadership in the wireless subscriber …
Read More »Telecom underwriting turns positive after 5 months, Voda Idea continues to decline
Mumbai: As the country continues to unlock in phases, the telecom subscriber base showed positive growth in July after five months of continuous decline, according to data provided by the Telecommunications Regulatory Authority of India (Trai). The number of telephone subscribers in India went from 1,160.52 million at the end …
Read More »RBI LIVE policy: buyback rate unchanged at 4%; GDP will turn positive in the fourth quarter
The benchmark indices fluctuated between gains and losses on Friday as the RBI’s monetary policy committee (MPC) left the buyback rate unchanged at 4 percent. Governor RBI said the MPC has decided to continue with the “complacent” stance. The RBI forecasts that fiscal year 21 GDP will contract 9.5 percent, …
Read More »Mukesh Ambani, Telecom News, ET Telecom
Mumbai: Mukesh Ambani, President of Reliance Industries, said that it took India’s telecom sector 25 years to build its 2G network and that Reliance Jio has managed to build 4G in three years. Emphasizing Jio’s role in propelling India from 155 positions to being the world’s top mobile data consumer …
Read More »MARKET SHIPPING: Sensex goes up for the fifth day, finishes 304 pts higher; Titan gains 4%
Extending their winning streak to the fifth straight session, the benchmark indices finished nearly a percent higher on Wednesday, led by purchases at Reliance Industries (RIL) and HDFC Bank. Among the major indices, the S&P BSE Sensex closed 304 points, or 0.77 percent higher at 39,879 levels, and the Nifty50 …
Read More »Vodafone Plc obtains approval for the merger agreement between Indus Towers and Bharti Infratel
NEW DELHI: Vodafone Group Plc lenders have approved the merger of Indus Towers Ltd and Bharti Infratel Ltd, the UK-based company said in a statement on Monday. The agreement to continue the deal is conditional on consent to a security package for the merged entity of Vodafone’s existing lenders, the …
Read More »MARKET SHIPPING: Sensex up 277 pts; TCS ‘m-cap exceeds Rs 10 trn, stock jumps 7%
NSE’s Nifty finished above 11,500 marks at 11.503, up 0.76 percent. Benchmark equity indices closed nearly 1 percent higher on Monday, driven mainly by information technology (IT) stocks and private sector lenders such as HDFC Bank and ICICI Bank. Shares in information technology (IT) companies were on a roll after …
Read More »LIVE MARKET: Sensex Expands 600 Points; Bajaj Auto, IndusInd Bank’s top winners
Indian markets soared more than 1 percent on Thursday, supported by favorable global signals. Among the major indices, the S&P BSE Sensex rose 600 points to 38,680 levels, and the Nifty50 index surpassed the 11,400 mark. Bajaj Auto and IndusInd Bank (up 5%) were the top winners for Sensex, followed …
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