The Orissa Electricity Regulatory Commission (OERC) has approved a proposal to hike power tariff by 20 paise per unit of electricity consumed in the state from October 1.
Telecom tariff hikes from December last year has led to consolidation in the market-leading to gross subscriber fall, said a report from Motilal Oswal. After declining by 2.1 million in November 2019, the number of declines in active subscribers increased again by 3.5 m in December 19.
The industry's debt to operating profit ratio will come down to 4.6 times from the present 7.5 times, if the operating profit improvements indeed happen as expected
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The revised rates of telecom operators will add to the inflation rate in the country. Reserve Bank Governor Shaktikanta Das said on Thursday.
The telecom operators like Reliance Jio, Vodafone-Idea, Airtel and BSNL are all set to hike mobile call, internet charges for over 60 crore mobile subscribers in India. The mobile tariffs are likely to go up from December 1, while Vodafone is to hike charges from December 3, 2019 for monthly prepaid and postpaid customers. Recently, the telecom companies made the announcement that has left thousands of subscribers jittery.
Shares of Vodafone Idea were trading at Rs 8.38, up 22.69 per cent, on the BSE. The stock rose 22.63 per cent to Rs 8.40 on the NSE.
Come December and your mobile bills will be on the rise -- if you are a Vodafone-Idea or Airtel user. Both the companies on Monday announced a hike in mobile phone call and data charges from December, courtesy -- intense competition and unprecedented statutory dues.
Investors also played their bets cautiously in view of India's rating outlook cut by Moody's Investors Services last week. Opening marginally lower, the Indian currency dropped to a low of 71.54 to the US dollar before settling at 71.47, showing a fall of 19 paise