Market Today
Jio has taken another significant step by approaching the Department of Telecommunications (DoT) for assigning 800 megahertz (MHz) spectrum each in both the millimetre (26 gigahertz, or GHz, and 24 GHz) wave (mmWave) bands as well as 100 MHz in the 3.5 GHz band for field trials of its new network in a few metros. After the trial runs, India, through Jio, will join the exclusive club of just a few countries with their own 5G technology that they can sell to the world.
2. Vodafone Idea surges 9% as telco pays Rs 1,000 crore in AGR dues ahead of SC hearing
Shares of Vodafone Idea surged 9 per cent in Monday's trade after the telecom operator paid an additional Rs 1,000 crore to the government towards the statutory dues ahead of the Supreme Court hearing on the adjusted gross revenue (AGR) matter later in the day.
3. M&M Financial share price rises 9% on robust Q1 result, right issue
The board of directors of Mahindra & Mahindra Financial Services on July 18 approved the conditions of an earlier-approved rights issue of fully paid-up equity shares of the face value of Rs 2 each.
4. IIFL Securities plunges 17% on sharp fall in June quarter profit
Profit during the quarter ended June 2020 plunged sharply by 66.9 percent to Rs 41.5 crore compared to year-ago, as in June quarter 2019, the company had an exceptional gain of Rs 101.72 crore.
5. Infosys, Vanguard deal may be valued at $1.5 billion
Infosys' contract with investment firm Vanguard could be worth $1.5 billion, which will make it the largest deal ever signed by the software major.
The partnership could be extended up to 10 years, which would raise the contract value to $2 billion, as sources reveal.
No comments: