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IDEA Cellular Limited Related news
EuroPacific Growth Fund buys 3 cr Idea Cellular shares for Rs 534 cr
Posted on 17th March 2015
EuroPacific Growth Fund today picked up over three crore shares of Idea Cellular for Rs 534 crore through an open market transaction.

As per data bulk deal data available with the stock exchanges, the fund has purchased a total of 30,157,849 shares of the telecom player.


Idea Cellular extends rally on heavy volumes
Posted on 12th March 2015
Shares of Idea Cellular have moved higher by 7% to Rs 175, extending its past two days 10% rally on the National Stock Exchange (NSE), on back of heavy volumes.

The stock is just 2% away from its 52-week high of Rs 178 touched on September last year. It touched a record high of Rs 188 on November 2013.


Service tax blow for spectrum, coal bidders
Posted on 2nd March 2015
Companies bidding for telecom spectrum and coal blocks might be in for a shock, as the Budget has proposed an enabling provision to allow service tax at 14 per cent on “all services” provided by the government to business entities.

“As of today, this will practically mean any service, including allocation of spectrum or mines, will attract service tax on the fee or royalty to be paid by companies,” says Sachin Menon, chief operating officer (tax), KPMG.


Idea Cellular, Yes Bank gain on inclusion in Nifty
Posted on 23rd February 2015
Shares of Idea Cellular and Yes Bank have gained up to 1% on the BSE after the National Stock Exchange included these stocks in its benchmark index Nifty. However, these two firms will replace DLF and Jindal Steel & Power in the 50-unit Nifty index which declined up to 1.5% on the BSE.

Idea Cellular, Yes Bank to replace DLF and Jindal Steel and Power in Nifty
Posted on 21st February 2015
Mumbai: Idea Cellular Ltd and Yes Bank Ltd will replace DLF Ltd and Jindal Steel and Power Ltd in the benchmark Nifty index , according to a statement issued by India Index Services and Products Ltd, a subsidiary of the National Stock Exchange of India Ltd (NSE).

The changes made by the index maintenance sub-committee are part of its periodic review and will become effective from 27 March, it said. Apart from changes in the Nifty, revisions have been made in 21 other sectoral and theme-based indices of the exchange.


Idea will need Rs 15,000 cr to renew existing spectrum
Posted on 16th February 2015
Idea Cellular, the country’s third largest mobile operator by revenue and subscribers, will need as much as Rs 15,000 crore to renew its existing spectrum in the upcoming auctions, which is expected to see cut-throat bidding among telcos.

The Mumbai-headquartered telecom major is most precariously positioned as far as number of licences are due for renewal and the contribution they make to overall subscriber and revenue base.


Our payments bank will break even in 7 years: Idea Cellular
Posted on 5th February 2015
If the Aditya Birla Group’s mobile telephony arm Idea Cellular is allowed to set up a payments bank, the entity would break even in seven years, the company has projected to the central bank.

Idea Cellular and its parent company, Aditya Birla Nuvo, on February 2 applied to the Reserve Bank of India (RBI) for a payments bank licence. AB Nuvo will hold 51% in the proposed bank while Idea Cellular will hold the rest.


Buy rating to Idea Cellular shares: Kotak
Posted on 2nd February 2015
Beats estimates again; wireless Ebitda growth accelerates to 37% y-o-y: There was little not to like about Idea’s Q3 earnings report even as the bears are likely to focus excessively on the weak voice RPM (revenue per minute) trajectory. We stay positive even as performance in the near term will likely be driven by developments on the two key externalities – spectrum auctions and R-Jio news flow.

Maximum billing disputes against Vodafone, Idea Cellular, Tata Teleservices, BSNL: TRAI
Posted on 31st January 2015
Customers of Vodafone, Idea Cellular, Tata Teleservices and BSNL in some circles have reported maximum discrepancies in their phone bills, according to a latest report by telecom regulator TRAI.

As per the Telecom Regulatory Authority of India (TRAI) guideline, not more than 0.1 per cent of the total bills raised by a company in a service area should be disputed.


Idea Cellular posts 64 pct profit rise to Rs 767.06 cr as subscriber numbers grow
Posted on 28th January 2015
Idea Cellular Ltd posted a 64 percent rise in quarterly profit as it added more subscribers than rivals did, boosting data and talk time usage.

Idea Cellular, the first telecoms carrier to report results for the December quarter, said it earned 7.67 billion Indian rupees ($125.57 million) in its third quarter, compared with 4.7 billion rupees in the same quarter last year.


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