On March 21, 2017 21:33 (IST)
This week's $23 billion tie-up between Idea Cellular, controlled by the Aditya Birla Group, and the Indian business of Vodafone Group, is the latest example of a trend that is squeezing major international investment banks.
On March 21, 2017 13:03 (IST)
Analysts are of the view that the competition in the industry is unlikely to subside in the medium term despite the mega merger of Idea Cellular and Vodafone India.
On March 21, 2017 09:42 (IST)
Banking and pharma stocks were among the losers while some buying was seen in IT, FMCG and capital goods stocks.
On March 20, 2017 20:58 (IST)
Jio has netted over 100 million subscribers in less than six months of launch. Launched in September last year, Jio has rattled competition and is offering free data till end March.
On March 20, 2017 18:32 (IST)
Cellular operators' body COAI said it hopes that the amalgamation will get "quick" clearances given the Centre's emphasis on ease of doing business.
On March 20, 2017 15:41 (IST)
Idea Cellular fell as much as 14.57 percent as doubts emerged about Idea's valuations after the merger, according to traders.
On March 20, 2017 14:43 (IST)
Britain's Vodafone Group and Idea Cellular agreed on Monday to merge their Indian operations to create the country's biggest telecoms business. The merger attempts to contest a brutal price war sparked by new rival, Mukesh Ambani's Jio. "The combined company would become the leading communications provider in India with almost 400 million customers...
On March 20, 2017 12:33 (IST)
The stock plunged to a low of Rs 92 following unconfirmed reports the deal may value the stock at much lower than the current market price.
On March 20, 2017 12:20 (IST)
The combined Vodafone-Idea group would have almost 400 million customers, or 35 percent market share with an implied enterprise value of Rs 82,800 crore for Vodafone and Rs 72,200 crore for Idea.
On March 20, 2017 17:13 (IST)
The combined entity of Aditya Birla group's Idea Cellular and Vodafone India will have the widest network in the country and pan-India 3G/4G footprint, the companies said in a statement.
On March 17, 2017 20:14 (IST)
Bharti Airtel is offering unlimited on-net voice and 300 MB per month for Rs 146 and unlimited off-net/on-net calls and 1 GB data per day for Rs 349.
On March 17, 2017 16:42 (IST)
Idea sells 1GB of 2G service with about a month validity for around Rs 170 and 4G is priced around Rs 123.
On March 16, 2017 13:36 (IST)
The Telecom Disputes Settlement and Appellate Tribunal in its order asked regulator TRAI to apprise it of the "outcome and findings of the examination" within two weeks.
On March 12, 2017 12:23 (IST)
Idea also unveiled international roaming value packs that, it claimed, would prevent "bill shocks" to those travelling abroad.
On March 07, 2017 21:44 (IST)
The service will allow its customers to recharge their mobile phone on retail outlets without sharing their numbers.
On March 06, 2017 10:05 (IST)
Buying was visible across the sectors. The auto, banking and energy sub-indices of NSE were up around 1 per cent each.
On February 28, 2017 19:16 (IST)
The shares were sold at an average price of Rs 107.32, valuing the transaction at Rs 1,287.84 crore, the data showed.
On February 28, 2017 15:39 (IST)
A Reuters poll of 30 economists taken over the past week showed economic growth slowed to 6.4 percent annually in the October-December quarter.