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
Business Standard brings you the top headlines at this hour
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
The stock opened at Rs 191, a 31 per cent premium over its intrinsic value, which is the difference between Bharti Airtel share price and rights issue price of Rs 535
Analysts expect one RE to trade in the range between Rs 180-200 per unit
Underperformance may continue on price hike delay, launch of JioPhone
Airtel has to pay Rs 1,050 crore and Vodafone Idea Rs 2,000 crore, says report.
Plans to build seven hyper-scale data centres that will triple its capacities and help India become a regional hub for data centres
Bharti Airtel's subsidiary Nxtra on Thursday said it will invest Rs 5,000 crore to triple its data centre capacity by 2025.
Stock Market LIVE: The broader indices, too, turned positive and gained up to 0.8 per cent
Analysts said investors were booking profits in IT stocks after they gave good returns this year
Crisil Rating on Tuesday said it has upgraded the long term rating on the bank facilities and debt programme of Bharti Airtel to AA+ with a stable outlook
Tejas Networks, on September 23, announced that it has been selected by Bharti Airtel to enhance the company's optical network capacity in key metropolitan markets