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People walk past the Bombay Stock Exchange (BSE) building in Mumbai, Monday,(PTI)

Six of top-10 most valued firms add over 1.13 lakh crore

PTI
PUBLISHED ON JAN 17, 2021 10:59 AM IST
Reliance Industries Ltd (RIL), Tata Consultancy Services (TCS), HDFC Bank, Infosys, ICICI Bank and Bharti Airtel were the gainers.
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In the Sensex pack, Mahindra and Mahindra, Asian Paints, Tata Steel, Bajaj Finance, ONGC and HDFC were the prominent gainers.(Hindustan Times Media)
In the Sensex pack, Mahindra and Mahindra, Asian Paints, Tata Steel, Bajaj Finance, ONGC and HDFC were the prominent gainers.(Hindustan Times Media)

Sensex, Nifty climb new peaks in opening trade

By Press Trust of India | Posted by Shivani Kumar | Mumbai, Maharashtra
UPDATED ON DEC 16, 2020 10:23 AM IST
The BSE gauge Sensex surged 288.55 points or 0.62 per cent to trade at 46,551.72; while the NSE barometer Nifty climbed 82.70 points or 0.61 per cent to 13,650.55 in early deals – record highs for both benchmarks.
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An equity advisor watches share prices at a financial consultants' firm in Mumbai.(AP)
An equity advisor watches share prices at a financial consultants' firm in Mumbai.(AP)

Shares fall as investors book profits after sharp rally

By Reuters | Posted by Shivani Kumar | Bengaluru
UPDATED ON DEC 15, 2020 11:43 AM IST
By 0502 GMT, the blue-chip NSE Nifty 50 index fell 0.61% to 13,476 and the benchmark S&P BSE Sensex slid 0.66% to 45,945.68.
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The valuation of ICICI Bank gained Rs 9,031.76 crore to Rs 3,55,529.51 crore.(File Photo)
The valuation of ICICI Bank gained Rs 9,031.76 crore to Rs 3,55,529.51 crore.(File Photo)

Market capitalisation of eight of top 10 most valuable firms zoom Rs 1.53 lakh crore

By Press Trust of India | Posted by Nilavro Ghosh | New Delhi
PUBLISHED ON DEC 13, 2020 12:27 PM IST
The list of gainers included Reliance Industries Ltd (RIL), Tata Consultancy Services, Hindustan Unilever Ltd, Infosys, HDFC, Kotak Mahindra Bank, ICICI Bank and Bharti Airtel, while HDFC Bank and Bajaj Finance witnessed erosion from their valuation.
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Ambani said India requires policy developments for early rollout of 5G services and added that Reliance Jio has built an indigenous 5G solution and will lead the rollout in India.(Reuters file photo)
Ambani said India requires policy developments for early rollout of 5G services and added that Reliance Jio has built an indigenous 5G solution and will lead the rollout in India.(Reuters file photo)

Mukesh Ambani, Sunil Mittal differ on 5G rollout timeline

By Ishita Guha | Livemint, New Delhi
UPDATED ON DEC 09, 2020 04:45 AM IST
Ambani, who controls India’s largest telecom service provider Reliance Jio Infocomm Ltd, said his company is ready to offer fifth-generation wireless service by the second half of 2021.
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RIL’s market valuation tumbled by Rs 60,829.21 crore to Rs 12,23,416.97 crore.(REUTERS)
RIL’s market valuation tumbled by Rs 60,829.21 crore to Rs 12,23,416.97 crore.(REUTERS)

Five of top 10 most valued firms lose together Rs 91,699 cr m-cap; RIL worst hit

By Press Trust of India | Posted by Deepali Sharma | New Delhi
PUBLISHED ON NOV 29, 2020 02:26 PM IST
RIL was leading the chart of top-10 most valued firms, followed by TCS, HDFC Bank, Hindustan Unilever Ltd, Infosys, HDFC, Kotak Mahindra Bank, ICICI Bank, Bajaj Finance and Bharti Airtel.
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Chairman of Bharti Airtel Sunil Mittal.(HT file photo)
Chairman of Bharti Airtel Sunil Mittal.(HT file photo)

Tariff hike needed as pricing ‘unsustainable’, market condition to drive decision: Bharti Airtel’s Sunil Mittal

By Press Trust of India | Posted by Shivani Kumar | Delhi
UPDATED ON NOV 23, 2020 06:03 AM IST
On the issue of whether or not Chinese telecom equipment vendors will be allowed to participate in next-generation 5G networks, Mittal said the larger question is that of the nation’s decision and asserted “what the country decides will be accepted by everyone”.
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The person cited above told HT that while Airtel, Jio, Ola and Paytm have supported data localisation, Truecaller is the first international firm to back the move.
The person cited above told HT that while Airtel, Jio, Ola and Paytm have supported data localisation, Truecaller is the first international firm to back the move.

Favour localisation of data: Truecaller to JPC

By Deeksha Bhardwaj | Hindustan Times, New Delhi
PUBLISHED ON NOV 07, 2020 06:12 AM IST
The JPC has met several industry leaders such as Amazon, Google, Twitter, Facebook, Paytm, Reliance Jio, Ola, Uber and Bharti Airtel over last two weeks to discuss the nuances of the Data Protection Bill.
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Bharti Airtel CEO Gopal Vittal did not give a timeline for a tariff hike, but expressed confidence about higher prices in future(Mint Photo)
Bharti Airtel CEO Gopal Vittal did not give a timeline for a tariff hike, but expressed confidence about higher prices in future(Mint Photo)

Bharti Airtel bats for hike in voice and data tariffs

By Ishita Guha | Mint, New Delhi
PUBLISHED ON OCT 29, 2020 08:01 AM IST
Airtel now has 440 million users in 16 countries. Vittal said the company is studying the low-cost smartphone space, adding the telco is yet to decide on an approach and is focusing on migrating its 2G/3G customers to 4G network.
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Airtel was the biggest boost to the Nifty, jumping as much as 12.6% after the telecom operator reported a smaller quarterly loss on Tuesday.(Reuters)
Airtel was the biggest boost to the Nifty, jumping as much as 12.6% after the telecom operator reported a smaller quarterly loss on Tuesday.(Reuters)

Sensex dives 600 points, Nifty cracks below 11,730

By Press Trust of India | Posted by Niyati Singh | Mumbai
UPDATED ON OCT 28, 2020 04:09 PM IST
After hitting a low of 39,774.60 during the day, the 30-share BSE index ended 599.64 points or 1.48 per cent lower at 39,922.46.Similarly, the broader NSE tanked 159.80 points or 1.34 per cent to close at 11,729.60.
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Average revenue per user at India’s second largest telecom operator rose to 162 rupees for the quarter, from 128 rupees a year earlier.(Mint)
Average revenue per user at India’s second largest telecom operator rose to 162 rupees for the quarter, from 128 rupees a year earlier.(Mint)

Bharti Airtel posts highest-ever quarterly revenue on higher tariffs, data usage

By Reuters | Posted by Shivani Kumar | Bengaluru
UPDATED ON OCT 27, 2020 04:57 PM IST
Indian telecom operators, grappling with low tariffs due to a price war that ensued after Mukesh Ambani’s Reliance Jio entered the space, hiked prices last year as they were ordered to pay 920 billion rupees ($12.44 billion) in dues to the government.
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Over the past week, Sensex lost 526.51 points or 1.29 per cent(Bloomberg)
Over the past week, Sensex lost 526.51 points or 1.29 per cent(Bloomberg)

6 of top 10 most valued firms’ combined market valuation tumbles over Rs 1 lakh cr

By Press Trust of India | Posted by Ayshee Bhaduri | New Delhi
PUBLISHED ON OCT 18, 2020 07:35 PM IST
Over the past week, Sensex lost 526.51 points or 1.29 per cent. RIL,TCS, HDFC Bank, ICICI Bank, HCL, and Bharti Airtel suffered losses,while HUL,Infosys, HDFC, and Kotak Mahindra Bank were the gainers
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The market valuation of HDFC declined by Rs 12,737.66 crore to Rs 2,96,339.09 crore and that of Tata Consultancy Services (TCS) dived Rs 10,675.53 crore to reach Rs 9,08,940.15 crore.(PTI)
The market valuation of HDFC declined by Rs 12,737.66 crore to Rs 2,96,339.09 crore and that of Tata Consultancy Services (TCS) dived Rs 10,675.53 crore to reach Rs 9,08,940.15 crore.(PTI)

Eight of top 10 valued firms lose Rs 1.57 lakh cr in market valuation

By Press Trust of India | Posted by Shivani Kumar | New Delhi, Delhi
UPDATED ON SEP 27, 2020 11:59 AM IST
Last week, the Sensex lost 1,457.16 points or 3.83 per cent. Only Infosys and HCL Technologies emerged as gainers among the most valued firms.
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The broader NSE Nifty 50 index slipped 0.2% to 11,131.85 and the S&P BSE Sensex fell 0.17% to 37,668.42. Both the indexes have shed more than 3% so far this week.(File photo for representation)
The broader NSE Nifty 50 index slipped 0.2% to 11,131.85 and the S&P BSE Sensex fell 0.17% to 37,668.42. Both the indexes have shed more than 3% so far this week.(File photo for representation)

Sensex, Nifty slide for fifth session as Airtel, TCS drag

By Reuters | Posted by Niyati Singh | Bengaluru
UPDATED ON SEP 23, 2020 05:04 PM IST
Indian shares fell on Wednesday for a fifth straight session as surging coronavirus cases fuelled investor concerns, with Bharti Airtel driving losses after rival Jio stepped up competition with new postpaid plans, while Tata Consultancy Services slid over 2%.
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Reliance’s target of selling 150 million to 200 million phones over two years would represent a massive boost for local factories(REUTERS)
Reliance’s target of selling 150 million to 200 million phones over two years would represent a massive boost for local factories(REUTERS)

A $50 phone is Mukesh Ambani’s weapon to dominate India telecom market

By Bloomberg| Posted by Susmita Pakrasi | Mumbai
UPDATED ON SEP 22, 2020 11:14 PM IST
Reliance Chairman Mukesh Ambani is aiming to remake the country’s smartphone industry much like he did in wireless services, where his aggressive prices and simple plans quickly made him the dominant force.
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An investor watching stock prices at the Bombay Stock Exchange (BSE).(PTI File Photo)
An investor watching stock prices at the Bombay Stock Exchange (BSE).(PTI File Photo)

Sensex ends 98 points lower, IT stocks shine

By Press Trust of India | Posted by Kanishka Sarkar | Mumbai
PUBLISHED ON SEP 14, 2020 07:04 PM IST
After gyrating 657 points during the day, the 30-share BSE index settled 97.92 points or 0.25 per cent lower at 38,756.63. The NSE Nifty slipped 24.40 points or 0.21 per cent to close at 11,440.05.
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The country’s most valued firm, RIL, added a whopping Rs 2,51,067.2 crore to its market valuation that stood at Rs 15,68,015.09 crore on Friday.(REUTERS)
The country’s most valued firm, RIL, added a whopping Rs 2,51,067.2 crore to its market valuation that stood at Rs 15,68,015.09 crore on Friday.(REUTERS)

Powered by RIL, valuation of four of top 10 firms soars by Rs 3 lakh crore

By Press Trust of India| Posted by Susmita Pakrasi | New Delhi
PUBLISHED ON SEP 13, 2020 10:10 AM IST
Shares of Reliance Industries were in the limelight last week amid media reports that it has offered a 40 per cent stake in its retail arm worth about USD 20 billion to Amazon.com, which the company said was speculative.
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India, a long-time regional rival, has taken a particularly tough stance, banning 59 of China’s largest internet services in July, including TikTok.(REUTERS)
India, a long-time regional rival, has taken a particularly tough stance, banning 59 of China’s largest internet services in July, including TikTok.(REUTERS)

SoftBank is said to consider bid for TikTok in India: Report

By Bloomberg| Posted by Susmita Pakrasi | Bloomberg
PUBLISHED ON SEP 04, 2020 02:02 PM IST
TikTok is considering selling its operations in several countries after local governments shut out the app, citing fears that sensitive user data was passing into the hands of the Chinese state.
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The stock market rallied in response although Vodafone Idea shares took a beating on the perception that its problems were not over.(File photo for representation)
The stock market rallied in response although Vodafone Idea shares took a beating on the perception that its problems were not over.(File photo for representation)

Telcos get 10 years to pay AGR dues

By HT Correspondent and Agencies | Hindustan Times, New Delhi
UPDATED ON SEP 02, 2020 03:37 AM IST
The breather is short of the 15-20 years sought by the telcos, and which the court said was unreasonable, but came as a shot in the arm to the companies that missed a January deadline to repay their dues
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The BSE S&P Sensex closed 273 points or 0.71 per cent up at 38,901 while the Nifty 50 gained by 83 points or 0.73 per cent at 11,470.(PTI)
The BSE S&P Sensex closed 273 points or 0.71 per cent up at 38,901 while the Nifty 50 gained by 83 points or 0.73 per cent at 11,470.(PTI)

Sensex, Nifty close in green despite sharp dip in Q1 GDP, Airtel top winner after AGR verdict

By Asian News International | Posted by Shivani Kumar | Mumbai, Maharashtra
UPDATED ON SEP 01, 2020 05:20 PM IST
Among stocks, Bharti Airtel was the top winner with a gain of 7.1 per cent at Rs 549.60 per share. Vodafone Idea, however, dipped by 12.7 per cent to Rs 8.89 per share. +
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Telecom firms now need to clear their adjusted gross revenue (AGR) dues in a staggered manner over the next 10 years.(Reuters Photo)
Telecom firms now need to clear their adjusted gross revenue (AGR) dues in a staggered manner over the next 10 years.(Reuters Photo)

Telecoms get 10 years to repay AGR dues: 10 things to know about the case

By hindustantimes.com | Edited by Kanishka Sarkar | Hindustan Times, New Delhi
UPDATED ON SEP 01, 2020 04:13 PM IST
If a company fails to repay installments of its adjusted gross revenue (AGR) dues to the government, it will be punishable for contempt of court, the Supreme Court has ruled.
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The Supreme Court delivered its verdict on Tuesday in the AGR dues case.
The Supreme Court delivered its verdict on Tuesday in the AGR dues case.

Supreme Court gives telecom companies 10 years to clear AGR dues

By hindustantimes.com | Edited by: Amit Chaturvedi | Hindustan Times, New Delhi
UPDATED ON SEP 01, 2020 02:48 PM IST
On August 21, the Supreme Court had directed the department of telecommunications to apprise it the basis of spectrum sharing done by telecom companies and how much is the liability of the sharers.
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Major telcos, including Vodafone-Idea and Bharti Airtel, owe substantial amounts to the Department of Telecom (DoT).(Amal KS/HT PHOTO)
Major telcos, including Vodafone-Idea and Bharti Airtel, owe substantial amounts to the Department of Telecom (DoT).(Amal KS/HT PHOTO)

Supreme Court judgment today on payment of AGR dues

By HT Correspondent | Hindustan Times, New Delhi
UPDATED ON SEP 01, 2020 02:59 PM IST
The SC judgment is expected to clarify whether additional AGR liability will be fastened on Jio and Airtel on account of the past dues of Aircel, R-Comm and Videocon.
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In the previous session, the Sensex closed at 38,220.39, down 394.40 points or 1.02 per cent, while the broader Nifty slumped 96.20 points or 0.84 per cent to finish at 11,312.20.(REUTERS)
In the previous session, the Sensex closed at 38,220.39, down 394.40 points or 1.02 per cent, while the broader Nifty slumped 96.20 points or 0.84 per cent to finish at 11,312.20.(REUTERS)

Sensex rallies over 300 points in early trade; Nifty tops 11,400

By Press Trust of India| posted by Susmita Pakrasi | Mumbai
PUBLISHED ON AUG 21, 2020 10:55 AM IST
The BSE Sensex was trading 330.76 points or 0.87 per cent higher at 38,551.15; while NSE Nifty was up 98.05 points or 0.87 per cent at 11,410.25.
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An investor watching stock prices at the Bombay Stock Exchange (BSE) in Mumbai.(PTI File Photo)
An investor watching stock prices at the Bombay Stock Exchange (BSE) in Mumbai.(PTI File Photo)

Sensex jumps over 150 points ahead of RBI policy outcome; Nifty tops 11,150

By Press Trust of India | Posted by Kanishka Sarkar | Mumbai
UPDATED ON AUG 06, 2020 10:04 AM IST
According to traders, investors are positive ahead of the Reserve Bank of India’s monetary policy outcome, scheduled for later in the day.
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A Bharti Airtel office building is pictured in Gurugram on the outskirts of New Delhi.(REUTERS)
A Bharti Airtel office building is pictured in Gurugram on the outskirts of New Delhi.(REUTERS)

India’s Bharti Airtel partners with Amazon to grow cloud business

By Reuters | Posted by Arpan Rai | New Delhi
PUBLISHED ON AUG 05, 2020 05:23 PM IST
Airtel Cloud currently provides data centre and cloud services to companies and governments via different partnerships.
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Vittal did not give any timeline for the next increase in call and data tariffs.(Reuters)
Vittal did not give any timeline for the next increase in call and data tariffs.(Reuters)

Bharti Airtel CEO indicates another round of tariff hike

By Ishita Guha | Livemint
UPDATED ON JUL 31, 2020 06:01 AM IST
The company last raised tariffs by up to 42% in December.
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Maruti, the country’s top carmaker, recorded its first quarterly loss in 17 years.(PTI)
Maruti, the country’s top carmaker, recorded its first quarterly loss in 17 years.(PTI)

Covid-19 takes a toll on bellwether firms

By Deborshi Chaki and Nasrin Sultana | Livemint
UPDATED ON JUL 30, 2020 05:57 AM IST
While the erosion in profits and revenues in the June quarter was not entirely unexpected, analysts warned poor visibility on demand and disruptions to supply chains will be a key concern for investors in the near to medium term.
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Customers buying Reliance Jio sims at a Reliance Digital centre in Mumbai .Photo by(Aniruddha Chowdhury/Mint File Photo)
Customers buying Reliance Jio sims at a Reliance Digital centre in Mumbai .Photo by(Aniruddha Chowdhury/Mint File Photo)

RIL’s telecom unit wants to be party in tariffs case

By Ishita Guha | Mint, New Delhi
UPDATED ON JUL 14, 2020 11:44 PM IST
It has emerged that Trai’s order barring both Vodafone Idea and Bharti Airtel from offering differentiated products in 4G postpaid plans was passed following a complaint filed by Jio on July 8.
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Trai has blocked Airtel and Vodafone Idea’s premium plans citing violation of service norms.(Pradeep Gaur/Mint File Photo)
Trai has blocked Airtel and Vodafone Idea’s premium plans citing violation of service norms.(Pradeep Gaur/Mint File Photo)

Bharti Airtel may appeal Trai order on postpaid plan

By HT Correspondent | Mint, New Delhi
UPDATED ON JUL 13, 2020 11:44 PM IST
The Telecom Regulatory Authority of India (TRAI) has blocked Bharti Airtel’s Platinum and Vodafone Idea’s RedX premium plans that offer faster data speeds and priority services to customers.
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