Idea


Representational Image

Representational Image

SEBI and exchanges have given a conditional go-ahead to the USD 23 billion merger deal between Idea Cellular and Vodafone India

Mukesh Ambani 

The spectrum auction ended in a whimper on Thursday. The government received bids valuing just Rs 65,789 crore in over five days as against an expectation of Rs 5.6 lakh crore.

The spectre of price war triggered by Reliance Industries (RIL) is pushing other players to compete to stay afloat in the market or exit.

BSE Sensex fell 28.69 points to 28,423.48 points from the previous day’s close at 28,452.17 points. The wider Nifty was marginally lower by 11.55 points or 0.13 per cent up at 8,797.75 points.

The disruptive datagiri unleashed by Mukesh Ambani, CMD of RIL, impacted the telecom stocks as they wiped out market capitalization to the tune of Rs 16,997 crore on Thursday.