One should also see it as poison pilling from a competition point of view. If Reliance had bought it out, it’s tower count would have jumped big and also push Airtel to spend even more to catch up. This move should be seen as “what if I don’t buy it but my competitor does?”
Posts in category All News
FPIs invest Rs 26,565 crore in Indian equities in Jun (30-06-2024)
After two months of net outflow, foreign investors turned buyers in June, infusing Rs 26,565 crore in Indian equities, driven by political stability and a sharp rebound in markets. Looking ahead, attention will gradually shift towards the budget and Q1 FY25 earnings, which could determine the sustainability of FPI flows, Vipul Bhowar, Director, Listed Investments, Waterfield Advisors, said.
INDIA bloc to hold demonstration in Parliament premises on July 1 over “misuse of ED, CBI” (30-06-2024)
CBI's revelation of Kejriwal's dubious profit margin enhancement under the new Excise Policy led to his judicial custody until July 12.
Budget: RSS and affiliates seek I-T cut, robot tax (30-06-2024)
An increase in the farmer income support scheme PM Kisan Nidhi, the introduction of a 'robot tax' to fund reskilling of people who lose their jobs to artificial intelligence (AI), and a reduced income-tax (I-T) to bring relief to the middle classes - these are some of the items in the Budget wish list submitted by Sangh Parivar affiliates to Finance Minister (FM) Nirmala Sitharaman. Representatives of the affiliates of the Rashtriya Swayamsevak Sangh (RSS), such as the farmer organisation Bharatiya Kisan Sangh (BKS); trade union Bharatiya Mazdoor Sangh (BMS); Laghu Udyog Bharati, which works for micro and small industries; and Swadeshi Jagran Manch (SJM), which works on economic and policy issues, met the FM and other officials over the last couple of weeks as part of the pre-Budget consultations.
Factors that will guide the markets this week (30-06-2024)
Domestic macroeconomic data announcements, global trends and trading activity of foreign investors would guide market sentiments this week, analysts said. After a record rally, markets may face volatile trends this week amid elevated valuations and investors would also keep a track of global oil benchmark Brent crude and rupee-dollar movement for further cues. "Potential volatility in the stock market is anticipated this week. Elevated valuations remain a concern, with investors now focusing on monsoon progress and its impact on the rural economy.
‘There’s a dead rat on your plate’: BJP slams Cong on additional deputy CM rumours in Karnataka (30-06-2024)
Amid internal power struggles, speculation rises on adding community-based deputy CMs in Karnataka's Congress party, aiming to curb DK Shivakumar's influence and counter his alleged CM ambitions.