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Eternal to Minda Corp: Axis Securities picks 15 stocks for June, sees up to 44% upside in top ideas
Axis Securities retained a bullish view on Indian equities and recommended 15 stocks for June across market capitalisations, with potential upside of up to 44%. The brokerage favours banking, telecom and capital goods sectors, while remaining cautious on IT. It expects market corrections to offer opportunities to accumulate quality businesses.
How India’s online shopping market is splitting into two distinct segments, BofA explains
Sachin Salgaonkar, Senior Analyst-APAC Telecom, e-commerce at BofA Global Research expects competition in quick commerce to ease over the next few quarters, sees telecom tariffs rising further by 2027, and believes AI-led vernacular and voice commerce could unlock hundreds of millions of new digital users in India.
Q4 earnings review: Motilal Oswal highlights broad-based beat on estimates, lists 6 sectors that exceeded expectations
Motilal Oswal said Q4 FY26 earnings surpassed expectations, with aggregate profits rising 16% year-on-year against its 8% estimate. Strong performances from BFSI, metals, OMCs, technology, telecom and automobiles drove the beat, while oil & gas lagged. The brokerage remains selective, favouring domestic growth-oriented sectors and stocks.
Delhi HC upholds TRAI’s 12-minute ad cap for TV channels
The Delhi High Court has upheld the Telecom Regulatory Authority of India's rule limiting television advertisements to 12 minutes per hour. This decision impacts general entertainment and news channels nationwide. The court stated there is no constitutional right to unlimited monetization of public resources. Broadcasters' challenges regarding revenue loss and constitutional rights were dismissed.
From Adani Green to Tata Tech: 50 companies swing back to profit in Q4 despite market turmoil
Indian companies show strong recovery. Over 50 firms moved from losses to profits in the March quarter. This turnaround happened despite market volatility and global concerns. Sectors like telecom, auto, and pharma saw significant gains. This signals resilience in India's corporate sector. Many businesses improved operations and profitability.
UK may block billionaire Sunil Bharti Mittal from raising stake in telecom giant BT: Report
The UK government is set to block any move by Indian billionaire Sunil Bharti Mittal to increase his stake in telecom giant BT beyond 25%. Officials cite the need to maintain sovereign control over critical national infrastructure, emphasizing this is not personal but a matter of national resilience.
Vodafone Idea share price hits fresh 52-week high as subscriber growth continues; extends rally for seventh day
Vodafone Idea share price rallied 46% in one month and has gained 33% in three months. The telecom stock has surged 40% in six months and has delivered multibagger returns of 103% over the past one year.
Vodafone Idea shares may extend 45% surge of last one month after third month of subscriber addition
According to the latest telecom subscriber data for April, Vodafone Idea added 53,257 users during the month, higher than the 10,300 users added in March and 21,927 additions in February.
Telecom users up nearly 7 million in April; Airtel, Jio gain most
India's telecom subscriber base expanded by 6.96 million in April, reaching 1.34 billion, primarily due to robust wireless additions. Reliance Jio and Bharti Airtel led the growth, with Jio maintaining the largest wireless subscriber base and market share. The month also saw a significant number of mobile number portability requests, indicating ongoing market competition.
Telecom industry divided on Airtel's 5G priority plan; Jio, Vi call for regulatory clarity
Bharti Airtel's new priority 5G service for postpaid customers is causing a stir. Rivals Vodafone Idea and Reliance Jio are calling for regulatory review. Authorities are examining if the plan adheres to net neutrality rules. The focus is on ensuring prepaid users do not experience degraded service. This development follows a past ban on similar plans.
Telecom Subscriber Base Grows To 133.7 Crore In April, Airtel Stays On Top: Trai Data
Jio's net subscriber addition stood at 30.84 lakh, which includes 29.42 lakh new mobile connections and 1.42 lakh wireline connections.
Telecom subscriber base grows to 133.7 cr in April, Airtel stays on top: Trai data
Bharti Airtel secured the top spot in subscriber growth for April. The company added 34.82 lakh new customers, surpassing rival Reliance Jio in net additions for both wireless and wireline segments. India's total telecom subscriber base reached an all-time high of 133.75 crore. This growth highlights the dynamic nature of the Indian telecom market.