Dalal Street’s highly-rated fund manager Rajeev Thakkar, who manages the Rs 48,000 crore PPFAS Mutual Fund, is happy to have missed out the multibagger rally seen in a number of PSU rail and defence stocks in the last few months. “Unlike a zoo where you probably try to have two samples from each animal species, … Read more
Mumbai: In the week that wiped off Rs 4 lakh crore of market capitalisation on Dalal Street, investors still managed to make some money in the midcap and smallcap stocks. In the midcap segment, 51 stocks gave positive weekly returns, and in the smallcap segment, the number stood at about 375. The major gainers in … Read more
“The internet will soon cost lesser than the price of a vada pav,” roared Mukesh Ambani in September 2016 at the launch of Reliance Jio, the latest telecom entrant in an overcrowded market. One gigabyte of data used to cost about Rs225 in those days, and vada pav, Rs12. Fast forward a few years – … Read more
Ten years is definitely reasonable. We will look at it, says Voda-idea counsel Mukul Rohatagi. Voda-Idea had asked for a 15-year timeline for payment of AGR dues, the government had said 20 years and the Supreme Court has said 10 years. What are your initial reactions to this verdict?We had told the court that Vodafone … Read more
MUMBAI | NEW DELHI: Reliance Jio Infocomm informed the Supreme Court that it would be a “travesty” of the law if rival telcos are made to pay each other’s dues. In an affidavit in the top court on Monday, the telco said the Department of Telecommunications had created “misunderstandings” over the statutory liabilities and that … Read more
MUMBAI: State Bank of India, representing creditors of Reliance Communications (RCom), has told the Supreme Court that spectrum is an “essential and integral” part of the telco’s assets and the insolvency process would fall apart if the right to use airwaves isn’t allowed to be transferred. Without any spectrum to use, the telco would cease … Read more