Business Live: Shares rise 1%; multiplexes rise as govt allows reopening

The benchmark stock indices have opened the day with considerable gains after two days of choppy trading.

RIL has witnessed the inflow of more investments into its retail arm with Silver Lake upping its stake.

Join us as we follow the top business news through the day.

11:30 AM

Philippine peso at an inflection point

 

11:00 AM

Tariffs still very low, pricing revival critical for telecom sector: Birla

Low tariffs continue to be a pain point for telecom firms.

PTI reports: “Telecom tariffs are “still very low” and pricing revival is critical for the long-term growth of the sector, Vodafone Idea Chairman Kumar Mangalam Birla said on Wednesday.

Addressing Vodafone Idea Ltd (VIL) shareholders at the company’s Annual General Meeting, Birla said the telecom industry had witnessed the first round of tariff hikes by all operators in December 2019.

“However, tariffs are still very low and…

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