Gold and steel related stocks are likely to hog the limelight in trades on Tuesday. The former on the account of Dhanteras, while the latter owing to hike in steel prices
Part of the telecom operator's 'Mera Pehla Smartphone program', the cashback offer reduces the effective ownership cost of eligible smartphones in a long run
The pricing per se of JioPhone Next is not disruptive given the slew of smart phones already available in Rs 5,000-7,000 range, said ICICI Sec in a note
The move comes even as its rivals Bharti Airtel and Vodafone Idea have said they will avail the four-year moratorium on payment of dues
IRCTC and Bharti Airtel could be in focus owing to negative news flow, apart from the stocks that are likely to react to corporate earnings
The telecom operator claimed that it had paid an excess GST for July-September, 2017 and wanted to rectify its relevant returns for that period to get the refund
This implies that Airtel has raised an estimated Rs 5,243 crore from the initial tranche
The joint venture firm will see the deployment of OneWeb's Low Earth Orbit (LEO) satellite constellation to provide connectivity to enable Neom's ecosystem of cognitive technologies.
The telecom tribunal TDSAT did not hear any matter listed before it for Tuesday, including the Rs 3,050-crore cumulative penalty case of Bharti Airtel and Vodafone Idea. "All concerned are hereby informed that the Hon'ble Tribunal would not sit today i.e. on 26th October, 2021," a TDSAT notice said. However, the TDSAT notice did not specify any reason. The Telecom Disputes Settlement and Appellate Tribunal (TDSAT) bench headed by Justice Shiv Kirti Singh had on October 12, listed the matter for hearing on October 26, and had asked to not encash the bank guarantee "till the next date". As per the Department of Telecom (DoT), companies were required to pay the penalty by October 21. Bharti Airtel and Vodafone Idea moved the telecom tribunal to challenge the Telecom Department's demand notices for payment of Rs 3,050 crore cumulative penalties in the points of interconnect matter. DoT had slapped a penalty of Rs 2,000 crore on Vodafone Idea and Rs 1,050 crore on Bharti Airtel based
It is learnt that the letter of acceptance was sent by the company to the department of telecommunications (DoT) last week
Telcos have also been given 90 days time to indicate if they want to opt for converting the interest amount pertaining to the moratorium period into equity
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Bharti Airtel, Vodafone Idea, and Reliance Jio get 3 months to inform DoT on equity conversion
It has also given 90 days' time to the operators to indicate if they want to opt for converting the interest amount pertaining to the moratorium period into equity
The urgency around tariff hikes has come down with Vodafone Idea Ltd's (VIL) near-term cash outflow significantly reduced, IIFL Securities said.
Titan (up 6 per cent), Bajaj Finserv, Bajaj Auto, Divis Labs, SBI, Hindalco, and Hero MotoCorp were the top gainers on the 50-pack index
Telcos Reliance Jio and Bharti may post a 5-7 per cent sequential rise in revenue with a steady margin for the second quarter of FY22, according to Jefferies. Bharti's growth will be led by segmented tariff hikes taken in the second quarter ended September, while Jio's growth will be driven by continued subscriber growth, it further said. Jefferies expects the outlook on tariff hikes for Bharti, further details on JioPhone Next for Jio, and tenancy outlook for Indus Towers to be the key things to watch for in the September quarter. "While the Government's recent moves improve the chances of Vodafone Idea's survival, it is unlikely to arrest the market share shift from Vodafone Idea towards Bharti Airtel and Reliance Jio," Jefferies' note said. This, along with, Bharti's hikes in July should keep revenue growth strong over the near to medium term. "For 2QFY22, we expect Reliance Jio and Bharti to report 5-7 per cent quarter-on-quarter rise in revenue with steady margin," it ...
The band is considered suitable for next-generation 5G services even as Trai is yet to discover the price of these bands
The REs should rise further as they ended at the day's upper trading limit
Stock market LIVE: On the sectoral front, barring Nifty Realty, Pharma, PSU Bank, all indices trade in the green