The net worth of Birla has shrunk to about $6 billion from $9.1 billion two years ago
Incumbent telcos Bharti Airtel and Vodafone Idea have said they would go for a review petition of the SC order, but they have limited time to move court
Telecom players including Airtel and Vodafone Idea had sought some relief from the telecom sector
Vodafone Idea shares advanced 17.44% to close at Rs 7.07 on the BSE
After Jio's tariff hike announcement, RIL is on the verge of hitting the Rs 10 trillion m-cap mark
From auto retail sales to PSB frauds, here are the top 10 business headlines for the day.
In anticipation of the tariff hike, Reliance Industries' market cap crossed the Rs 9.5-trillion mark on Tuesday
Jio reported adding 698,3146 subscribers in Sept , the lowest since it added 6.1 mn in Nov 2017
Bharti Airtel lost 23.8 lakh users in September to take its total user base to 32.55 crore
The company has got favourable rulings from High Courts and appellate tribunals in some and is now pressing the department to quickly refund the dues
Bharti Airtel and Vodafone-Idea have announced plans to increase tariffs for customers from December 1
The price hike by Bharti Airtel and Vodafone Idea, however, is a relief given that they are anchor tenants
Bruised by fierce competition to keep prices low, the tariff hike announced by the two companies is the first in several years and follows record second-quarter losses reported by the two operators
Vodafone Idea is now squeezed between high debt and poor revenue realisations
Jio is waiting for the tariffs numbers announcement by the telcos duo and will react after that
The financial system cannot afford another massive hit after the PSB saga, NBFC/HFC problems and urban cooperative bank fiasco
The company, however, did not disclose the range or details of the proposed tariff hike
While the sector awaits a lifeline, a sharp reduction in capital and opex has aided cash flows
Analysts say make customer centricity a priority to improve performance and reassure stakeholders
SBICap Securities said VIL reported a net loss of Rs 50,921 crore on the back of provisioning for the liability arising from the Supreme Court ruling on the AGR issue