In an interview to CNBC-TV18, Revati Kasture, Senior Director of CARE Ratings shared her thoughts in terms of what is happening with RComm's bond trade.
Bajaj Auto | Laurus Labs | M&M | Bhushan Steel | SPARC | Deccan Cement are stocks, which are in news today.
Increase in pledged holding is certainly risky because these shares are often given in the form of a security.
Vijay Chopra of Enoch Ventures is of the view that one may prefer Idea Cellular and Bharti Airtel.
According to Prakash Gaba of prakashgaba.com, one may hold Idea Cellular.
Ashwani Gujral of ashwanigujral.com is of the view that one may sell Jet Airways and Reliance Communications and buy IIFL Holdings.
Reliance Communications undersea cable arm Global Cloud Xchange has entered into an agreement with two other companies to provide cloud computing services.
RCom, in September last year, had announced it will merge its wireless telecom business with smaller rival Aircel to create the country's fourth-biggest mobile phone operator.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today. We have - Divis Laboratories, Welspun India, AB Fashion, Torrent Pharmaceuticals, Reliance Communications & SML Isuzu.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy BPCL and sell Indiabulls Housing Finance and Kotak Mahindra Bank.
The company retrenched nearly 800 employees in the last few weeks, including some senior ones, as it battles falling revenues and profits.
Vendors claim RCom hasn't been paying IUC to some of them for over two months.
Prakash Gaba of prakashgaba.com likes Reliance Communications and feels that the stock can climb to Rs 46.
Bharti Airtel | Yes Bank | Tata Power | Siemens | Prestige Estates | Majesco | Usher Agro | Bhushan Steel | IDBI Bank | Reliance Communications | NHPC | Ujaas Energy | Union Bank of India and Amara Raja Batteries are stocks, which are in the news today.
Dark clouds of job cuts loom over the telecom sector. The risk running with mergers is that as many as 10,000 employees may lose their jobs over the next year.
Reliance Communications today said it has received approval of the Competition Commission of India (CCI) for the demerger of its wireless division into Aircel Ltd and Dishnet Wireless Ltd.
"Reliance Communications has received approval of the Securities and Exchange Board of India (SEBI), BSE and NSE for the proposed scheme of arrangement for demerger of the wireless division of the company into Aircel Ltd and Dishnet Wireless Ltd," the company said in a regulatory filing.
The company has filed an application with National Company Law Tribunal (NCLT), Mumbai Bench, for approval of the said scheme
Speaking to CNBC-TV18, Manisha Girotra of Moelis India said that India urgently needs capital and restructuring of stressed assets should be undertaken through any means possible.
Avinash Gorakshakar, Market Expert is of the view that one may avoid Reliance Communications.
Prakash Gaba of prakashgaba.com is of the view that one may avoid Reliance Communications.
Once the Goods & Services Tax (GST) is implemented, there will be some hiccups in first three months. But it will be positive for many sectors like tile and leather products, said SP Tulsian of sptulsian.com.
The deal is likely to be speeded up by the truce that was announced on Tuesday between Tata Sons and Japanese telecom giant NTT Docomo in the long-standing USD 1.17-billion dispute over their failed joint venture.
The brokerage feels that the telecom firm's financials could see some pressure on the back of its aggressive offers to counter Reliance Jio; sees ARPU, revenues, margins and capex to be stressed.
The fresh round of consolidation unfolding in the Indian telecom market is likely to yield five major players ensuring "enough competition but not fragmentation of spectrum", Telecom Secretary J S Deepak said.