The finance ministry has asked public sector banks to collate and submit data related to their debt exposure to the telecom sector.
Overnight, the decision removes the nagging spectre from the minds of prospective foreign investors about the ease of doing business in India
The stock market did not react much to the announcements since the major announcements were widely expected and were priced in
Retrospective Tax: The bill seeks to bury the contentious retrospective tax law which was introduced in 2012.
Retrospective Tax: The bill will come as a relief to companies such as Cairn Energy and Vodafone and will likely end legal dispute with govt
Vodafone Idea has advised the customers to not fall for SMS and any unverified calls asking for updating KYC.
Brokerage houses prefer Bharti Airtel and Tata communications as their top picks from the telecom sector ahead of earnings
Tthere were no takers for the airwaves in the premium 700 and 2500 MHz bands.