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    • Sensex rangebound ahead of RBI MPC meet outcome; Eicher, Idea up

      The market retained its positive trend in noon trade with a range of 20 points on the Nifty. Banks and auto continued to support the equity benchmarks ahead of the outcome of RBI monetary policy committee meeting that will be announced around 2:30 PM IST.

    • Idea Cellular shares fall 2% on likely stake sale by Axiata

      Idea Cellular shares fell more than 2 percent Wednesday after a media report indicated that Axiata, the major public shareholder other than promoter and promoter group, is likely to sell its entire stake.

    • Idea Cellular up 5% on plan to sell entire stake in tower arm

      Idea Cellular shares rallied 5 percent intraday Tuesday after sources close to the telecom operator told CNBC-TV18 that the company is likely to sell 100 percent stake in its tower subsidiary.

    • Bharti Infratel gains 3% on likely stake sale by parent company

      Bharti Infratel shares gained 3 percent intraday Tuesday after a media report indicated that two big foreign investors are eyeing major stake in the telecom tower infrastructure provider.

    • Sensex, Nifty under pressure; Smallcap gains, Idea rises 4%

      Benchmark indices fell further in afternoon trade with the Sensex down 277.81 points or 0.99 percent at 27813.61 and the Nifty down 73.60 points or 0.85 percent at 8617.70.

    • Idea Cellular Q2 profit sinks 58% to Rs 91 cr, revenue falls 2%

      Aditya Birla Group company Idea Cellular disappointed analysts on Monday with profit falling sharply by 58.5 percent sequentially to Rs 91.4 crore in July-September quarter.

    • Stocks in news: Wipro, Religare, Persistent, Mindtree, Cairn

      Sun Pharma | Wipro | Mindtree | Mahindra and Mahindra | Cairn India | V-Guard Industries | Tata Sponge | RPG Life and Lakshmi Machine Works are stocks, which are in the news today.

    • Idea Q2 profit seen down 40%, pricing pressure may continue

      Telecom operator Idea Cellular's July-September quarter is expected to be weak as profit is likely to fall sharply by 40 percent sequentially to Rs 130 crore.

    • Telecom sector results preview for Q3FY12: Motilal Oswal

      Motilal Oswal has come with its December quarterly earning estimates for cement sector. Domestic business PAT growth of 21/9% QoQ for Bharti/Idea would largely be driven by ~8% QoQ EBITDA growth. The research firm expects Bharti's losses in Africa business to reduce from INR4.2b in 2QFY12 to INR2.9b in 3QFY12.

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