Telecom players including Airtel and Vodafone Idea had sought some relief from the telecom sector
Earlier this week, Reliance Jio, Airtel and Vodafone all announced tariff hikes to be effective from next month
After Jio's tariff hike announcement, RIL is on the verge of hitting the Rs 10 trillion m-cap mark
From auto retail sales to PSB frauds, here are the top 10 business headlines for the day.
Jio reported adding 698,3146 subscribers in Sept , the lowest since it added 6.1 mn in Nov 2017
Bharti Airtel lost 23.8 lakh users in September to take its total user base to 32.55 crore
Bharti Airtel and Vodafone-Idea have announced plans to increase tariffs for customers from December 1
Here are the top news stories that made headlines today
The price hike by Bharti Airtel and Vodafone Idea, however, is a relief given that they are anchor tenants
Bruised by fierce competition to keep prices low, the tariff hike announced by the two companies is the first in several years and follows record second-quarter losses reported by the two operators
From NHAI issuing land bonds to Tata Steel's jobs cuts, here are the top 10 business headlines for the day.
The decision of Vodafone Idea and Airtel to raise tariffs is being seen as a step to encourage the government to offer a relief package to the industry
The financial system cannot afford another massive hit after the PSB saga, NBFC/HFC problems and urban cooperative bank fiasco
The company also said that it understands that telecom regulator Trai is likely to initiate a consultation for bringing rationality in pricing in the Indian mobile sector
The CoC extended the deadline by 10 days and has decided to open bid now on November 25
While the sector awaits a lifeline, a sharp reduction in capital and opex has aided cash flows
Bankers said that at present, both operators are current in their repayments. However, the concern is over the future debt repayment capacity
Bharti Airtel's internal accruals insufficient to pay the AGR dues of nearly Rs 28,000 crore in the next three months, say sources
Traffic symmetry indicates that a telecom operator will not have any outstanding balance of interconnect usage charges (IUC) against other networks
Strategic errors - acts of omission and commission - have hurt many companies