Benchmark indices have consolidated and are trading in the positive zone on the back of a rally in the pharma shares. However, the market participants are on the edge ahead of the Q1 GDP data, which is set to be unveiled post market hours today.
Mobile internet tariff plans hike announced by telecom operators such as Idea and Airtel for pre-paid and post-paid consumers may not necessarily lead to revenue growth because several layers of schemes and plans dilutes headline rate, analysts tracking
The phased implementation road map for Indian Accounting Standards, aligned to the International Financial Reporting Standards (IFRS), is a major step forward for India's integration with the global economy.
After increasing data tariffs for pre-paid customers in Delhi, Bharti Airtel and Idea Cellular have now hiked charges for their post-paid users by around 20 per cent in various circles including the national capital.
Shares of Bharti Infratel dipped by 3% to Rs 380 on the Bombay Stock Exchange (BSE) after a huge block deal executed on the counter.About 17.4 million equity shares, representing 0.92% stake of the company changed hands, the BSE data shows.
Shares of Bharti Airtel were up nearly 2% at Rs 346 after the company said it has acquired Augere Wireless Broadband India which holds 20 MHz of BWA spectrum in the telecom circle of Madhya Pradesh and Chhattisgarh.
To check the call drops menace, telecom regulator TRAI is examining whether mobile operators are minting money by inducing the phone calls to drop midway, while it also plans to launch a consultation paper to devise a broader mechanism to address this
Even as Net neutrality continues to kick up much dust, a top official of internet.org -- Facebook's free mobile Internet service -- has said Airtel is planning to roll it out in more African countries next month.
Calendar year 2015 has emerged as the best one for exits by private equity and venture capital investors in India. They realised a little over $6 billion (Rs 38,000 crore) via share sales in January–July.
Under fire for frequent call drops, top telecom operators today said problems will further deteriorate unless operational difficulties are tackled in installing towers and sought a national policy in this regard.
Shares of mobile service providers gained after the government permitted spectrum sharing between a move that could resolve the issue of call drops and improve efficiency in their respective telecom circles.