The level of 12,000 continues to be a major resistance for the Nifty as is it struggled to breach that level on the back of US markets correct on trade deal worries. A day after the US passed a resolution demanding human rights must be protected in Hong Read more [...]

Nifty managed to scale the 12,000 mark on Wednesday and managed to close exactly at that point. The rally in the last 10 days has been largely driven by Reliance and TCS and some participation from Bharti. The likely delay in the trade deal is Read more [...]

Telecom Minister, Ravi Shankar Prasad, denies plans to waive telecom dues post SC Judgement. R S Prasad denied any plans to waive dues although the cabinet approved a 2-year moratorium for telcos. As per the SC order on AGR charges, telecom companies Read more [...]

The sharp rally in the markets in the last hour on Monday was led by telecom stocks after all the 3 players concurred on the tariff hikes from December onwards. RIL touched a market cap of Rs.9.5 trillion, an all time high. Oil prices fell by over Read more [...]

The problem of saturation appears to be catching up with Reliance Jio too as it faced weaker subscriber addition for the month of October 2019. According to a report in the Business Standard, the monthly subscriber additions of Jio fell below 7 million Read more [...]

The markets closed almost flat on Monday as the trade deal showed signs of getting delayed on the back of unwillingness of Beijing to go ahead unless the old tariffs were unwound. The US has already extended the license of Huawei. Weak oil prices Read more [...]

From tariff wars, Indian telecom companies may be moving towards tariff hikes as the losses begin to pinch. Vodafone Idea and Airtel expected to hike tariffs to compensate for AGR. In the light of the Rs.70,000 crore payable as AGR charges to the DOT, Read more [...]

After losses of nearly Rs.1 trillion announced by the 3 telcos, all eyes will be on the telecom rescue package. The telcos have written off the AGR charges against their Q2 revenues but it leaves a big hole they have to fill. Debt is another issue. Read more [...]