Sensex, Nifty gain ahead of macro data

After rallying over 300 points, the 30-share BSE Sensex ended 169.14 points, or 0.42 per cent, higher at 40,581.71. Similarly, the broader NSE Nifty settled 61.65 points, or 0.52 per cent, higher at 11,971.80.

Source link

If Voda Idea shuts shop, Airtel to gain the most

If Vodafone Idea shuts, a bulk of the high-paying ARPU customers will move to Airtel as Reliance Jio does not have a comprehensive postpaid offering like it, and have aggressively preferred to play in the prepaid market.

Source link

Sensex, Nifty end flat in volatile trading

Investors turned cautious weighing weak GDP numbers and continued drop in automobile sales, bringing banking and auto sector stocks under pressure.

Source link

After Vodafone Idea, Now Bharti Airtel Decides to Hike Prepaid Plans From December 3

New Delhi: Soon after Vodafone Idea announced its plan to hike its prepaid tariff plan prices, Bharti Airtel on Sunday made a similar announcement, saying it will raise call and data plan charges for pre-paid customers from December 3.

It is the second mobile phone network operator after Vodafone Idea to make such announcements about the increase in its tariffs. The company said the new tariffs will be applicable from December.

“In a significant move, the Bharti Airtel announced its revised tariff plans for its mobile customers. Starting from December 3, these new tariffs will be applicable for customers,” the company said in a statement.

As per the announcement, the new plan will cost up to 42 per cent more compared to the price that Airtel pre-paid customers pay at present for plans.

“As per the new plan, the tariff increases in the range of a mere 50 paise per day to Rs 2.85 per day and offer generous data and calling benefits,” the statement said.

Part of the Airtel Thanks platform, the company said it will provide exclusive benefits to customers as well. The extra benefits will enable customers to access to premium content from Airtel Xstream — comprising 10,000 movies, exclusive shows, and 400 TV channels, Wynk Music, device protection, anti-virus protection and much more.

As per the announcement, customers will have to pat bit extra from December 3. The plans of the Airtel which was providing unlimited calling and data services at Rs 249 (28 days validity) and Rs 448 (82 days validity) will now come to customers at Rs 298 and Rs 598 (84 days validity) respectively.

The announcement from the telecom operator comes after the Supreme Court’s (SC) ruling on adjusted gross revenue (AGR).

Source link

Sensex hits new closing high of 40,889 pts

Bharti Airtel was the top gainer in the Sensex pack, rallying over 7.20 per cent, followed by Tata Steel 4.99 per cent, IndusInd Bank 3.49 per cent, Axis Bank 3.26 per cent and HDFC 2.57 per cent.

Source link

The story behind Vodafone's fall in India

Cut-throat competition, high spectrum costs, and frequent flip-flops in government policies have made it difficult for Vodafone to make money in the country.

Source link

Vodafone Idea to hike mobile services rates from Dec 1

The company at present provides monthly mobile services at starting price of Rs 24 without data, and plans with data service starts from Rs 33 onward. It did not disclose the quantum of hike.

Source link