Telecom stocks surge after tariff hike announcements

Shares of telecom companies today surged on the back of new tariff plans announced by the operators to be effective from 3 December onwards. Shares of Vodafone Idea were trading at Rs 8.38, up 22.69 per cent, on the BSE. The stock rose 22.63 per cent to Rs 8.40 on the NSE. Bharti Airtel appreciated 7.35 per cent to trade at Rs 474.80 on the BSE. The stock gained as much as 9.82 per cent to Rs 485.75 in early trade. Continue Reading

BSNL hopes to boost market share, no plans to shut

Crisis-ridden Bharat Sanchar Nigam Ltd (BSNL) is hoping to boost marketshare, following Reliance Jio’s decision to charge six paise per minute for voice calls made to mobile phone networks of rival operators. Continue Reading

Vodafone Idea: Jio’s action an undue haste

Telecom operator Vodafone Idea termed Reliance Jio’s plan to start charging six paise per minute for outgoing calls to rival network as “an action of undue haste” and an attempt to distract attention from the need for urgent action to address financial stress in the sector. Continue Reading

HDFC Bank valued at $22.70 billion

Largest private sector lender HDFC Bank has emerged as the most valued Indian brand at $22.70 billion. The list of top ten brands, prepared by the world’s largest media buyer WPP, includes companies from banking, financial services, and insurance, telecom and auto segments. Continue Reading

War of words between Airtel and Jio

After months of lull, old and new telcos have locked horns with Airtel accusing Reliance Jio of “gaming” the system of paying for calls to rival network, a charge that Mukesh Ambani-led firm countered saying incumbents were charging high voice tariffs and manipulating the system to detriment of their users. Continue Reading

Vodafone shares slumps as performance in June quarter slows

Shares of Vodafone Idea Ltd slumped 24 per cent in Monday morning trade after the company reported weak performance for the June quarter. The 4 per cent sequential fall in revenues came as a negative surprise. Introduction of minimum recharge plans for pre-paid customers is expected to help the company arrest the decline in revenue. Continue Reading

Jio bags three Golden Globe Tigers awards

Jio bagged the honours in these three categories ahead of several other entries from leading global brands this year, the release said. The Golden Globe Tigers Awards 2019 were presented to the winners at a special evening organised at Kuala Lumpur, Malaysia. Continue Reading

Softbank looking to invest in Reliance Jio as Ambani deleverages biz

As per reports, Softbank might make a $2-3 billion investment in India’s fastest-growing telecom. However, the actual money that the entity might put in is yet to be confirmed. Also not disclosed as of yet is whether the e-commerce venture is included in the Jio entity. Continue Reading