The breadth of the market favoured the advances with 831 stocks advancing and 685 declining while 532 remained unchanged. On the BSE, 889 stocks advanced, 625 declined and 77 remained unchanged.
Investors will be better off not to touch high beta names until some clarity emerges with respect to General Elections 2019
Airtel Niger has requested the authorities to review the issues in depth to reach a mutually acceptable solution.
Investors should focus on valuation metrics i.e. companies with reasonable price to book value backed by improving operating metrics are likely to outperform.
Earlier this month, Bharti Airtel had announced it will pre-pay $1.5 billion debt with its subsidiary Bharti Airtel International (Netherlands), using the proceeds it got from six global entities investing in its Africa unit.
TRAI has asked operators to duly inform subscribers within three days the date on which the validity of an existing plan would expire and how they can opt for available plans
The move is a part of the company's strategy to raise about Rs 30,000 crore in three tranches so that it can meet capital expenditure, reduce debt and financing costs, and bolster cash flows
The S&P BSE Sensex lost over 1200 points while for the Nifty the cut was a little over 400 points or 3.7 percent since September 28.
Airtel Africa is a pan-African telecommunications company with operations in 14 countries across Africa.
The company has appointed JP Morgan, Citigroup Inc, BofA Merrill Lynch, Absa Group Limited, Barclays Bank PLC, BNP Paribas, Goldman Sachs International and Standard Bank Group Ltd.
While Airtel has about 100 million such users, Vodafone Idea has around 150 million users who recharge for below Rs 35 a month
Bharti Airtel International (Netherlands) B V commenced cash purchase of $1.5 billion, 5.125 percent Guaranteed Senior Notes due in 2023.
Brokerages observed that average revenue per user (ARPUs) could have bottomed out and the company could look at fund raising to tackle competition.
Volatile movements based on current political scenario involving elections, along with any downside on GDP growth are big headwinds for the market, Naveen Kulkarni, Head of Research at Reliance Securities said.
Bharti Airtel Chairman Sunil Bharti Mittal is serving as the chairman of the GSMA board and his two-year tenure will come to an end by this year-end.
Automobiles and metals reported an in-line set of numbers, while FMCG reported volume growth slightly lower than the last quarter but still around low double-digit figures
The Department of Telecom has also issued details of the procedure and modalities to be followed by telecom operators for issuing new mobile connections using the alternate digital KYC process.
'Baa3' is the lowest investment-grade bond ratings, and any downgrade would put the rating in speculative grade.
Airtel had informed the DoT two weeks ago that it would take care of the payment, including licence fee, spectrum usage charge, and one-time spectrum charge
The alternate digital KYC process has begun with select circles including Delhi, UP (East) and UP (West) and will be extended to other locations in the coming days, the official privy to the development told PTI.
"Airtel came top in our analysis of download speed experience with a score close to a third faster than its rivals. But the next three operators were fairly closely grouped, with less than 0.6 of a megabit separating Jio, Vodafone and Idea," OpenSignal said.
The domestic brokerage firm slashed Nifty EPS estimates for FY19 by 2.1 percent to Rs 528 from Rs 539, primarily driven by Reliance Industries and Bharti Airtel
This means that users who do not recharge their plans would see outgoing calls blocked in 30 days and incoming ones in 45 days
ICICI Direct is bullish on Bharti Airtel has recommended buy rating on the stock with a target price of Rs 380 in its research report dated October 30, 2018.