Snehal khanna Blog

Other ADAG stocks including Reliance Capital (up 6%), Reliance Power (up 6%) and Reliance Infrastructure (up 5%) also gained on the news LATEST NEWS :  Reliance Communications (RCom) rose as much as 45% in intra-day trade today after the National Company Law Tribunal (NCLT) adjourned the hearing of insolvency petitions filed against Reliance Communicationsto early next month after a group of the telecom operator's lenders sought time to consider converting the company's loans into equity. The adjourned date comes as a breather for RCom as if the tribunal had accepted the insolvency petitions before December 28, by when the lenders need to decide on converting their RCom debt into equity, the process would have ended. RCom, which has shut its wireless business, started its strategic debt restructuring on June 2. Other ADAG stocks including Reliance Capital (up 6%), Reliance Power (up 6%) and Reliance Infrastructure (up 5%) also gained on the news. Earlier ...

RCom, Reliance Home Finance, Reliance Nippon Life, Reliance Capital, Reliance Infra, Reliance Naval and Reliance Power were down in the range of 8% to 11%. LATEST NEWS :  Shares of Anil Ambani-controlled Reliance Group companies (ADAG) remained under pressure by falling up to 15% on the BSE in intra-day trade. Reliance Communications (RCom)    , Reliance Home Finance, Reliance Nippon Life Asset Management, Reliance Capital, Reliance Infrastructure,  Reliance Naval and Engineering and Reliance Power were down in the range of 8% to 15% on the BSE. At 02:22 PM; the S&P BSE Sensex was down 0.63% at 32,734 points. RCom touched a new low of Rs 9.75, down 15% on the BSE. In the past three trading sessions, the stock tumbled 30% after the company posted a consolidated loss of Rs 3,919 crore in first half (April – September) of the current financial year 2017-18. It had posted a net profit of Rs 152 crore in the same period of FY17. Thus far in the c...

With current market share, Jio stood 4th in overall base, behind Airtel, Vodafone and Idea LATEST NEWS    : Reliance Jio added nearly 5 million users ( 4,786,324 subscribers )  and controlled 9.94 per cent of the telecom market in May, shows the latest report by the Telecom Regulatory Authority of India (Trai). In May, Airtel led in terms of overall telecom market share, with 23.59 per cent subscribers. It was followed by Vodafone with a 17.86 per cent share, and Idea with 16.62. Reliance Jio was a distant fourth with 9.94 per cent subscribers. According to the report, the telecom industry saw a net addition of 6,228,813 customers in May. While Airtel, Vodafone, BSNL, Reliance Jio and Idea Cellular continue to add subscribers to their base, telecom operators such as Telenor and Tata lose most of their subscribers. Last year, Reliance Jio had entered the highly competitive telecom space with a free preview plan that offered unlimited free 4G high-speed ...