Everyone knows that industry consolidation leads to improved shareholder returns. India's mobile market may be the exception. Revocation of 2G licences and now a change in M&A rules are expected to force a long-awaited deal frenzy in this challenging sector.
Raymond Ronamai
Feb 16, 2012
The BSE Sensex edged 0.14 percent higher after a choppy trading session on Monday, as hopes of stability in Greece improved global risk appetite and offset weak corporate earnings at home. Hopes of Greek austerity deal boosted the market.
Raymond Ronamai
Feb 13, 2012
The BSE Sensex dropped 0.4 percent on Thursday on concerns about earnings outlook and investors took profits after the main index rallied 15 percent over the past five weeks.
Raymond Ronamai
Feb 09, 2012
The BSE Sensex ended 0.5 percent higher on Wednesday, helped by a rally in software stocks including Tata Consultancy Services (TCS.NS) and Infosys Technologies (INFY.NS) and gains in index heavyweight Reliance Industries.
Raymond Ronamai
Feb 08, 2012
The BSE Sensex climbed 0.7 percent on Wednesday, led by energy conglomerate Reliance Industries and software services exporters Infosys and Tata Consultancy Services.
Raymond Ronamai
Feb 08, 2012
The continuing decline in earnings has mainly been attributed to currency fluctuations and the rising interest costs. Also, all the major mobile phone service providers in the country are engaged in a bitter tariff war.
IBT Staff Reporter
Feb 08, 2012
The BSE Sensex snapped a five-day rally on Tuesday as investors locked in profits after the government forecast growth may dip below 7 percent, the slowest pace since the 2008 financial crisis.
Raymond Ronamai
Feb 07, 2012
The BSE Sensex was subdued on Friday as some profit-taking emerged after the index rose more than 3 percent in the last three sessions, and as weak Asian markets ahead of key U.S. jobs data dented investor sentiment.
Raymond Ronamai
Feb 03, 2012
The Supreme Court on Thursday revoked all 122 telecoms licences issued under a scandal-tainted 2008 sale, a fresh embarrassment for the government and plunging the mobile network market of Asia's third-largest economy into uncertainty.
Raymond Ronamai
Feb 02, 2012
The BSE Sensex rose for a third straight session, inching up 0.08 percent on Monday, helped by financials while a decline in Reliance Industries (RELI.NS), which reported its first quarterly profit fall in two years, capped the index gains.
W Rorrkychand Singh
Jan 23, 2012
The telecoms ministry will tell carriers that they will not be allowed to offer third-generation (3G) services through roaming agreements with one another in zones where they do not have their own 3G airwaves.
Raymond Ronamai
Dec 22, 2011
India's power, telecoms and aviation sectors, core to sustaining the country's growth, are in various states of crisis. This crisis may force the government to bring about reforms.
Raymond Ronamai
Dec 07, 2011
The BSE Sensex Thursday gained 2.70 percent on hopes for a surge in foreign fund inflows after the world's six major central banks moved to tame a liquidity crunch for European banks.2
Raymond Ronamai
Dec 01, 2011
Reliance Industries and Bharti Enterprises have agreed to end negotiations over the sale of the latter’s stakes in two insurance services firms, set up in a joint venture, with France’s AXA.
Raymond Ronamai
Nov 26, 2011
The Central Bureau of Investigation (CBI) on Saturday conducted searches at Vodafone's Indian unit and Bharti Airtel's offices seeking details on spectrum allocation by the government.
Raymond Ronamai
Nov 19, 2011
Vodafone India, buffeted by brutal competition and regulatory woes, expects a shakeout within two years.
Raymond Ronamai
Nov 16, 2011
Videocon Industries is looking to sell a 25 percent stake in its direct-to-home broadcast services business for roughly $75 million to $100 million.
Raymond Ronamai
Nov 04, 2011
India's top mobile phone carrier Bharti Airtel on Friday reported a bigger-than-expected 38 percent fall in fiscal second-quarter profit, its seventh straight quarterly profit drop, hit by higher interest costs and foreign exchange losses.
Varsha Priyadarshini
Nov 04, 2011
India has the highest percentage share of family businesses in Asia, accounting for 67 percent of total listed companies with market capitalisation of more than $50 million.
Raymond Ronamai
Nov 03, 2011
Internet giant Google expects India's Internet growth to be driven by mobile users, predicting that they will form the majority of new Internet users in the country as low-priced smartphones become available.
IBT Staff Reporter
Nov 02, 2011
Being politically connected isn't what it used to be for corporate India.
IBT Staff Reporter
Sep 09, 2011
Apple has come under the scanner of Competition Commission of India (CCI) following a complaint filed by an user against the company for following anti-competitive practices in selling its products and for abusing its dominant position in the market.
Shankar besta
Jun 21, 2011
