Sensex wipes out early gains, falls 155 points over shaky blue chip shares
Apr 23, 2015 at 17:40 | Source:
Mumbai: The benchmark BSE Sensex surrendered its early gains to settle lower by 155 points at 27,735.02 as blue chips took a beating on persisting concerns of foreign investors on tax claims despite governments clarification.Muted earning numbers, fo...
IT Minister Prasad says net neutrality report to be ready by mid-May
Apr 13, 2015 at 19:29 | Source:
New Delhi:A committee on net neutrality, set up by the Department of Telecommunications (DoT), will submit its report by the second week of May to help the government make a comprehensive decision on the contentious issue, Communications and IT Minis...
Sensex logs best fiscal year gain since 2009-10
Mar 31, 2015 at 19:19 | Source:
Mumbai: Registering a hefty rise of 25 percent in 2014-15, benchmark Sensex today capped its best show in six fiscal years mainly driven by surge in foreign inflows after the Narendra Modi-led government took charge.For the day, however, the BSE Sens...
Sensex soars 517 points, logs biggest gain in over two months
Mar 30, 2015 at 18:22 | Source:
Mumbai: The benchmark BSE Sensex today surged by over 517 points -- its biggest one-day gain in nearly two-and-a-half months -- to end at 27,975.86 on across-the-board buying amid firm global cues.Brokers attributed the the steep rise to value buying...
Telcos may hike mobile rates to recover spectrum cost: Moody's
Mar 30, 2015 at 16:26 | Source:
New Delhi: Indian telecom operators are expected to gradually increase rates to recover Rs 1.1 lakh crore they bid for spectrum in the auction that concluded last week, Moody's said on Monday."This high cost is credit negative for the country's ...
Airtel, RCom gain capability for 4G service across country
Mar 27, 2015 at 22:21 | Source:
New Delhi: Bharti Airtel and Reliance Communications (RCom) have gained capability to provide 4G services across the country as they bagged requisite spectrum in the concluded spectrum auction.RIL's telecom arm Reliance Jio already has pan-India 4G s...
Sensex falls to 10-week low on foreign outflow concerns over Yemen crisis
Mar 26, 2015 at 13:25 | Source:
Mumbai: The BSE Sensex and Nifty hit 10-week lows today, heading for their seventh straight session of falls as blue-chips such as Housing Development Finance slumped on concerns about foreign investors after Saudi Arabia launched air strikes in Yeme...
Spectrum auction kitty dips to Rs 1.05 lakh cr
Mar 23, 2015 at 22:52 | Source:
New Delhi: The government's telecom spectrum auction kitty today decreased to Rs 1.05 lakh crore with provisional allocation of 88 per cent airwaves at the end of day 17.The amount of bids received on Saturday stood at Rs 1.07 lakh crore."At the...
At the end of day 16, spectrum auction kitty rises to Rs 1.07 lakh crore
Mar 21, 2015 at 20:36 | Source:
New Delhi: The government's telecom spectrum auction kitty on Saturday rose to Rs 1.07 lakh crore with provisional allocation of 88 percent airwaves at the end of day 16.The amount of bids received on Friday stood at Rs 1.05 lakh crore."At the e...
Mobile carriers stare at costly victory as bandwidth sale ends
Mar 19, 2015 at 01:30 | Source:
MUMBAI (Reuters) - Cellphone operators are snatching up precious bandwidth in a government sale, paying top dollar for spectrum to roll out high-speed coverage across India. The fear among investors is that the companies' balance sheets may now be un...
Volatile Sensex closes 114 points down ahead of Fed meet outcome
Mar 18, 2015 at 18:57 | Source:
Mumbai: The benchmark Sensex today frittered away early gains and closed 114 points down at 28,622.12 as investors adopted a cautious stance ahead of Fed's monetary policy statement that could signal the timing of US rate hike.While the Fed is not ex...