The Delhi government, in a major relaxation. has permitted everyone to go to office. But the Maharashtra government has gone to the other extreme by keeping offices closed till the end of May.
Bharti Airtel reported a consolidated net loss of Rs 5,237 crore in Q4FY20 against a net profit of Rs 107.2 crore in the corresponding quarter last year.
Airtel had, on Monday, reported Q4 loss at Rs 5,237 crore, mainly on account of provisioning for paying statutory dues, while its full year losses ballooned to a record Rs 32,183 crore.
All that happened in the markets today
A 12-quarter high ARPU, strong 4G subscriber addition give a boost to revenue
Today, 18 companies, including Bajaj Finance, Apollo Tyre, and Ujjivan Small Finance Bank, are scheduled to announce their March quarter earnings
During the quarter, the company took an exceptional charge of Rs 7,004 crore mainly on account of the re-assessment of interest on licence fee, and spectrum usage charges (including interest on AGR).
The company had posted a profit of Rs 107.2 crore in the same period a year ago.
Analysts expect the Covid-19 outbreak to have a limited impact on telecommunications companies (telcos) as compared to other sectors
Of 30 constituents, 20 declined and 10 advanced. Mahindra & Mahindra ended as the top loser on the index while telecom major Bharti Airtel was the biggest gainer
The African arm of Bharti Airtel reported 15% on-year rise in revenue and 1.81 % sequentially to $899 million, driven by strong contributions from the voice, data and mobile money verticals
The stock was trading higher for the third straight day, up 5% at Rs 563 on the BSE.
In all, these three entities have added Rs 5.8 trillion to their m-cap during the period, against a Rs 11.3-trillion rise in the incremental m-cap of all 30 Sensex companies
The case pertains to underreporting of input tax credit in the GST summary return form, GSTR 3B
The scrip is less than 3 per cent away from its record high level of Rs 569 touched on February 17, 2020.
Nifty is currently near its previous swing low which is placed at 9,150
Bharti Airtel was trading close to its all-time high level of Rs 569 touched on February 18, 2020. In comparison, the S&P BSE Sensex was down 5.2 per cent or 1,736 points at 31,981 at 01:40 pm.
On Monday, we need to see how our market actually reacts to the US-China trade war reports. If markets don't react like SGX Nifty and shows some buying interest, then bull scenario remains valid
The Finnish company is trying to strengthen its 5G slate and looking especially to deployment by US telecom companies for growth
Nokia said the deal includes Nokia's Single Radio Access Network solution, AirScale Radio Access, Baseband, related Services, and it will be completed by 2022