Shares of telecom services providers - Reliance Industries (parent of Reliance Jio), Bharti Airtel, and Vodafone Idea - have shed up to 23 per cent so far in the current calendar year as growth in the wireless subscriber segment begins to plateau amid higher tariffs and rising costs of smartphones. By comparison, the benchmark S&P BSE Sensex, and sectoral index BSE Telecom have dipped 1.8 per cent, and 12.6 per cent, respectively, ACE Equity data shows. However, analysts expect the trend to reverse soon as telecom services providers focus on the next leg of growth -- fixed broadband (FBB) segment.
Reliance Jio Infocomm (RJIL) has written to the Telecom Regulatory Authority of India (Trai) stating that a recent complaint against it by Bharti Airtel is a deliberate, malicious attempt at defaming RJIL's consumer-friendly tariff. RJIL has also asked the regulator to warn Airtel against 'making such frivolous complaints in the future'. The move is in response to Airtel recently requesting Trai to bring content aired through broadband under the regulatory fold and keep a check against discriminatory bundling tactics.
Reliance Industries, construction major L&T and IRB Infrastructure are some of the top companies that have used an infrastructure investment trust structure to reduce part of their debt and generate returns for their investors. Earlier this month, IRB Infrastructure InvIT was listed on the National Stock Exchange, giving its investors an option to exit by selling their units. The listing came within months of the Securities and Exchange Board of India's (Sebi's) guidelines for conversion of private unlisted InvITs into listed ones were issued.
While Salman Khan, leading lady Pooja Hegde and, of course, Venkatesh remain the reason audiences will get attracted to theatres, there is a large supporting cast, waiting for their moment to shine.
Prince Tewatia (33) was an undertrial prisoner lodged in ward 6 of central jail number 3 which has around 380 inmates, they said.
With raw material prices rising sequentially in Q4 FY23, margins of fast moving electrical goods (FMEG) companies could witness pressure as they refrain from hiking prices and demand remains soft. Transition to a new regulatory regime-fans moved to new BEE standards from January 1-poses additional risk for firms. Business depends on volume trends in summer for key sub-segments, which account for a significant chunk of the sector's overall sales pie.
Notwithstanding expectations of a pick-up in construction activity during a seasonally strong January-March quarter (fourth quarter) of 2022-23 (FY23), analysts are cautiously optimistic about the building material sector - encompassing paints, pipes, wood panels, tiles, metals, and cement - as volatile input costs, coupled with fears of a global slowdown, are making demand projections uncertain. Against this backdrop, analysts suggest investors stay selective and pick stocks of companies with stronger brand recall, expanding distribution network, diversified product profile, healthier balance sheet, and sustainable cash flow. "The government's various proposals under Budget 2023-24 (FY24) may lead to the building material segment growing between 8 per cent and 12 per cent for the next five years.
Yes, that's the question everyone wanted the answer to at the launch of Ajay Devgn's latest directorial Bholaa.
The National Company Law Tribunal's (NCLT's) declaration that Zee Entertainment is bankrupt adds a new measure of uncertainty to the proposed merger with Sony. Three entities -- Aditya Birla Finance, IndusInd Bank and YES Bank -- have filed appeals in the NCLT for recoveries of Rs 130 crore, Rs 90 crore and Rs 540 crore, respectively. The money was borrowed by a related party - Siti cable - and not returned. Zee was a corporate guarantor.
Shah Rukh had outgrown the roles that made him a star -- the menacing, obsessive lover in Darr, the regular guy in Kabhi Haan Kabhi Na or the new age boyfriend in Dilwale Dulhania Le Jayenge. By the time he entered his 50s, he was struggling to find his feet, explains Vanita Kohli-Khandekar.
The SIT had found several lapses in repairs, maintenance and operation of the bridge.
The Delhi police took Sahil Gehlot, accused of killing his girlfriend, to the crime spot on Thursday to recreate the sequence of events leading up to the incident.
The incident came to light on Valentine's Day on February 14 and it was on the instance of the accused that Yadav's body was recovered on Tuesday morning from the refrigerator at the eatery, four days after the murder.
The police on Wednesday retrieved footage from a CCTV camera installed at Nikki Yadav's Uttam Nagar house and it shows the 23-year-old performing menial tasks, hours before she was killed allegedly by her boyfriend.
Palak Sindhwani's fashion radiance is like her -- chirpy and cute.
As per sources, the MHA recommended the MeitY this week to ban and block these apps, and the ministry subsequently initiated the process as per communication.
Glimpses from skiing at the Kangdori ski resort in Gulmarg.
They will not be followed by analysts and no fund manager can buy such small companies with low trading liquidity.
Large companies, those that are talked about in the media and tracked on social media, have already been discovered. They won't lead to extraordinary gains, Debashish Basu points out.
Chief Judicial Magistrate MJ Khan sent Patel in the custody of the special investigation team formed by the state government to probe the case till February 8.
Officials said the cable car which ferries tourists up the 14,000 ft Afarwat mountain was used for the rescue operations.
Ajanta Manufacturing Limited (Oreva Group) was responsible for the operation and maintenance of the British-era suspension bridge on the Machchhu river in Morbi that collapsed on October 30 last year, days after its repairs.
The charge-sheet, which runs into more than 1,200 pages, was filed in the Morbi sessions court by Deputy Superintendent of Police P S Zala, who is the investigating officer of the case.
The Gujarat high court agreed to the Oreva group's offer on Wednesday to pay compensation to the victims of the Morbi bridge collapse that left 135 dead and several injured but said it will "not absolve it of any liability".
In a ceremony on Monday on the occasion of Parakram Diwas, Prime Minister Narendra Modi named the 21 largest unnamed islands of Andaman and Nicobar after Param Vir Chakra awardees.
In an advisory to all private satellite channels, the Ministry of Information and Broadcasting cited the coverage of the cricketer's car crash, airing of distressing images of dead bodies and thrashing of a five-year-old boy and said such reporting offended "good taste and decency".
David Warner slogged his way to his third double-hundred from 254 balls before succumbing to cramps and limping off with the aid of a trainer.
Rohit Shetty gets so busy giving us a social message that he forgets to add a 'tadka' -- also called 'entertainment' -- to Cirkus, sighs Syed Firdaus Ashraf.
IDBI Bank has moved the National Company Law Tribunal (NCLT) against Zee Entertainment Enterprises Ltd (ZEEL) seeking an insolvency proceeding against the media firm to recover dues of Rs 149.60 crore. IDBI Bank has claimed an amount of Rs 149.60 crore, which has been disputed by ZEEL, said a regulatory update from the media major. IDBI Bank has filed an application under section 7 of the Insolvency and Bankruptcy Code, 2016, claiming to be a financial creditor, before NCLT for initiation of Corporate Insolvency Resolution Process against the company, it added.
Social media giant Meta Platforms and Bharti Airtel on Monday announced a collaboration to jointly invest in telecom infrastructure to cater to the rising demand of high speed data and digital services in India. The announcement comes on the back of telecom operators' demand to share revenue with service providers to build networks. "Airtel and Meta will jointly invest in global connectivity infrastructure and CPaaS (communications platform as a service) based new-age digital solutions to support the emerging requirements of customers and enterprises in India," the statement said.
We are looking at bringing quality control orders for mass production items such as smart meters and ceiling fans. This will benefit our own industry and consumers, a government official said.
We got the same Diwali bonuses. We ate together. We carried equipment together on shoots. And when the odd reporter tried to throw her weight around and leave the camera person to carry bags of equipment, cables, the camera and tripod down the stairs and to the shoot location, Prannoy would step in, take the tripod off the shoulders of the colleague silently, lightening the load, recalls Revati Laul.
The check-in process at Mumbai international airport's T2 has been hit, with all systems going down. This has resulted in huge queues at all counters, affecting check-ins and passage drops.
Coming to the rescue of the critically endangered great Indian bustard (GIB), the Supreme Court on Wednesday mooted the idea of launching 'Project GIB' on the lines of 'Project Tiger', which was started in 1973 to save the big cats, and sought the government's view on the proposal.
'This world shows humanity in a fraudulent light.'
Principal district and sessions judge P C Joshi said he will pass order on the bail plea of the ninth accused, Devang Parmar, on Thursday.
Rusty cables, broken anchor pins, and loose bolts were among the lapses that were not addressed while renovating the suspension bridge in Morbi which collapsed last month into the Machchhu river killing 135 people, as per a preliminary probe by the Forensic Science Laboratory (FSL).
Subtlety has never been a strong suit of Bollywood remakes. They cannot resist adding that extra something or going overboard, sighs Sukanya Verma.
The civic body submitted the affidavit before a division bench of Chief Justice Aravind Kumar and Justice Ashutosh Shastri which is hearing a suo motu (on its own) case on the collapse of the bridge.
Taiwan had shifted its purchases of large military platforms and systems, like fighter jets and naval vessels, to smaller lethal anti-ship and surface-to-air-missiles, reported The Singapore Post citing local media.
In the confrontation in Doklam, where Indian and Chinese soldiers were lined up eyeball-to-eyeball, senior Indian commanders recount they could sense the uncertainty in the Chinese. While Indian soldiers had to be restrained from pushing the Chinese troops back, our chief interpreter heard the Chinese officers threatening to open fire on PLA soldiers who wavered or withdrew, reveals Ajai Shukla.
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