Analysts remain cautious on mid-and-smallcap segments and suggest earnings need to catch up before the stocks start to recover
Srinath joined Tata Administrative Services in 1986 and led different Tata Companies in the ICT sector
Tata Sons will raise $500 million in offshore borrowings, backed by Bank of America, SMBC of Japan and Standard Chartered Bank
Firm reports Rs 19,638 crore liability towards AGR dues of Tata Teleservices, makes provisions of Rs 1,148 crore for AGR and is expected to make additional provisions in the years ahead
Tata Teleservices, one of the first to start wireless telephony services in India, becomes cash burner for group
Mumbai-based Tata Teleservices, a subsidiary of the Tata Group, deals in broadband, telecommunications and cloud services
Tata Sons, the holding company of the Tata group, will infuse an additional Rs 2,420 crore in its loss-making unlisted subsidiary, Tata Teleservices
Tata group-owned telecom companies withdraw their offers over differences in calculations
Excessive volatility is likely to continue for a few more days until clarity emerges from the crucial US Fed meeting. The market is discounting a hawkish Fed, analysts said
Shares of Tata Teleservices have hit the 5% lower circuit for the second consecutive session as the company decided to opt for conversion of the interest from AGR dues into equity
Equity dilution and discounted price of debt conversion has worried investors of Vodafone Idea and Tata Teleservices. Are these concerns warranted? How can they survive post conversion? Let's find out
Telecom operators Vodafone Idea Ltd, Tata Teleservices Ltd and Tata Teleservices (Maharashtra) Ltd will not become PSUs after their interest payable on dues are converted into government equity
The average price of the company's shares as per the calculation method provided in the DoT Communication works out to be around Rs 41.50 per share, subject to final confirmation by the DoT.
The dilution in Tata Sons' stake in TTL is not known
The announcement of Tata Teleservices (Maharashtra) came within hours of Voda Idea also deciding to opt for converting the interest amount on AGR dues into government equity
The stock hit a new high of Rs 264, and was locked at the 5 per cent upper limit. It has zoomed whopping 14,567 per cent from levels of Rs 1.80 in March 2020.
Telecom services provider Tata Teleservices (Maharashtra) zoomed 2,778%, while auto components maker Automotive Stampings & Assembles has surged 2,476% in the past one year.
Gains in some of the stocks in these two segments have been phenomenal. Shares of Brightcom Group, for instance, zoomed over 2,500 per cent in 2021
The Tata Group telecom services stock hit a new high of Rs 129.45, has been nearly doubled or up 97 per cent from level of Rs 65.70 on November 12, 2021
Group made the guarantee in September, before the government offered a four-year moratorium to the company.