Ideal Cellular, which provides mobile services using GSM technology, bid a maximum of Rs 30,306.98 crore to buy spectrum in the 900 megahertz, 1800 MHz and 2,100 MHz bands.
Government on Friday ruled out privatisation of BSNL and MTNL even as it admitted that the two state-run telecom service providers were not in the pink of their health.
Ajay Srivastava of Dimensions Consulting is gung-ho on pharma sector and recommends not selling this space ever. He is confident that pharma is a multi-year story and investors can still make money over the next two-three years
Shares of Mahanagar Telephone Nigam (MTNL) plunged 19 percent intraday and HMT lost 13 percent on Wednesday after these companies will be shut down by the government soon.
As per details shared by the minister, BSNL is augmenting its mobile network by installing additional 14,421 2G mobile sites and 10,605 3G sites with an estimated investment of Rs 4,804 crore.
Sectoral regulator Trai has recommended a reserve price of Rs 3,104 crore per megahertz for CDMA spectrum, which is 15 per cent more than the rate it had proposed in February.
Mahanagar Telephone Nigam has reported a standalone sales turnover of Rs 853.39 crore and a net profit of Rs 428.03 crore for the quarter ended Dec '13
Mahanagar Telephone Nigam was quoting at Rs 14.70, up Rs 0.65, or 4.63 percent.
Telephone operator MTNL intends to cut a part of its mammoth Rs 13,000 crore debt, the firm‘s CMD AK Garg told CNBC-TV18.
Banking, realty, automobile and capital goods shares were the big losers, while buyers showed a clear preference for defensive sectors like pharma, IT and FMCG.
Cabinet allowed the company to return its 4G radio spectrum and get refunds totalling Rs 4,534 crore, in a move to help the money-losing company.
BSNL and MTNL did not take part in the 2010 spectrum auction and had been asked to match the price paid by the successful bidder for the airwaves. Both companies offered to surrender their spectrum and sought refunds of payments made.
MTNL stock excited ahead of GoM meeting on revival package
Prakash Diwan of Altamount Capital Management recommends buying Balrampur Chini Mills with a target of Rs 47.90 and Suprajit Engineering with a target of Rs 53.50.
Dharmesh Kant of Indianivesh Securities suggests buying Arvind for a target price of Rs 145 and Federal Bank for a target price of Rs 90.
The regulator has imposed maximum penalty of Rs 14.5 lakh on state-run telecom company BSNL for failing to meet 13 quality of service parameters. Rs 3 lakh penalty has beeb imposed on Idea Cellular, Rs 2 lakh each Bharti Airtel and Vodafone, Rs 1.5 lakh each on Uninor and Vodafone
One spectrum fee is the charge operators have been asked to pay for holding additional spectrum.
The telecom company reported lower provisions for employee retirement benefits at Rs 121.3 crore during July-September period. In the same period last year, MTNL had set aside Rs 378.72 crore under this head.
KEC International | Cipla | Idea Cellular | Bharti Airtel | NTPC | Reliance Communications | Coal India | Tata Steel | ONGC | Sun Pharma | REC | JK Paper | Manappuram Finance | PTC India | Educomp Solutions and Jindal Poly Films are stocks, which are in the news today.
US-based Los Alamos Technical Associates through MTNL partnership in India can help develop professional programmes in cyber and physical security.
The mobile user base declined 0.70 percent to 87.05 crore from 87.67 crore at the end of August 2013, according to data released by sectoral regulator Telecom Regulatory Authority of India (Trai).
The total number of wireless subscribers increased from 87.48 crore in July to 87.67 crore in August, a monthly growth of 0.21 percent.
GSM based mobile service providers jointly added over 44 lakh new customers, taking their cumulative customer base to 67.88 crore in September, according to data released by industry body COAI today.
State-owned telecom company MTNL plans to invest about Rs 400 crore to increase 3G mobile Internet speed by up to six times, and enhance the coverage of 2G network.
According to Satish Gupta of astrostocktips.in, telecom stocks like Tata Communications, Idea Cellular, MTNL and Bharti Airtel and pharma stocks like Biocon, Glenmark Pharma, Dr Reddys Laboratories, Sun Pharmaceutical Industries and Lupin will get astrological support.