Share market update: Telecom shares rise; Vodafone Idea jumps 7%
The S&P BSE Telecom index was trading 1.04 per cent up at 1235.52 .
Sensex falls for 4th day on telecom woes, coronavirus fears
The bears were in charge with losers outpacing gainers in the ratio of nearly 2:1...
Women in the armed forces: The other asymmetrical war won
The apex court finally decided things by declaring that all women would be granted ...
Trump raises doubts over India trade deal ahead of visit
India was kicked out of a program for developing countries that gave some exports tariff-free access to US.
Share market update: Telecom shares fall; Vodafone Idea plunges 9%
The S&P BSE Telecom index was trading 1.87 per cent down at 1252.96.
Nirmala Sitharaman says telecom department actively engaging with firms
Some telecom firms have said they were already struggling with mounting losses and debt and the additional liability has raised concerns of them defaulting on existing loans.
KM Birla, CEO Ravinder Takkar of Vodafone Idea meet telecom secretary amid AGR turmoil
Vodafone Idea had paid Rs 2500 crore to the DoT on Monday as part payment of its Adjusted Gross Revenue (AGR) dues and said it will pay another Rs 1000 cr by this week. The telco's urgent oral appeal before the Supreme Court for directions to be issued to the DoT to not take any coercive steps for recovery of AGR dues was rejected on Monday.
Telecom AGR crisis: RBI closely monitoring developments
The Supreme Court last week rejected a plea by mobile carriers such as Bharti Airtel and Vodafone Idea Ltd for extension in the payment schedule and asked them to deposit an estimated Rs 1.47 lakh crore. Some telcos are already struggling with mounting losses and debt and the additional liability has raised concerns of them defaulting on existing loans.
Trai mulls scrapping dual pricing of text messages
The Telecom Regulatory Authority of India (Trai) said on Tuesday there’s no longer any need to restrict the number of text messages allowed to be offered at a concessional rate nor regulate the tariff for short message service (SMS) since robust regulations are in place to ward off unwanted calls and text messages.
Trai proposes to withdraw 50 paise charge on SMS beyond daily limit of 100
The Telecom Regulatory Authority of India (Trai) on Tuesday proposed to do away with a fix rate of 50 paise for each SMS sent beyond a daily limit of 100 messages per SIM. In its tariff order in November 2012, Trai had notified a minimum rate of 50 paise to curb menace of pesky messages.
Vodafone Idea rallies 48% on hopes of relief from govt
Vodafone Idea Chairman Kumar Mangalam Birla on Tuesday met Telecom Secretary Anshu Prakash.
MFs raise holdings in Bharti Airtel as business prospects brighten for telco
The local funds have been buying Bharti Airtel for the last three quarters.
Citigroup lowers target price for Voda Idea
Vodafone Idea shares plunged 11 per cent to close at Rs 3.03 on Tuesday.
Telcos to fetch $8 bn from 5G IoT revenues by 2024: Report
This is a growth of over 1,400% over the next 5 years, UK-based Juniper Research said in its report identifying the automotive and smart cities sectors as key growth drivers for 5G adoption over the next 5 years accounting for 70% of total 5G IoT connections worldwide.
China to grant tariff exemptions on 696 US goods to support purchases
China has committed to boosting its purchases of goods and services from the United States by $200 billion over two years as part of the agreement, and has already rolled back some additional tariffs on U.S. imports after the deal was signed.
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