It was a tough week for Indian shares as the BSE Sensex fell nearly 3 percent and the Nifty lost 3.3 percent as U.S. Fed chief Bernanke’s suggestion that stimulus measures may be scaled back at one of their next few meetings dented sentiment. Here's a look at the top Sensex losers and gainers. Full Article
For months, markets have been dancing to central bankers' tune, but that may now be changing, writes James Saft. Full Article
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
India adds 7.3 mln mobile users in August; total at 866 mln
REUTERS - Indian mobile phone operators added a net 7.34 million mobile subscribers in August, or a 0.86 percent growth over the previous month, taking the total connections in the world's second-biggest mobile phone market to 865.71 million.
Mobile phone additions in India have sharply fallen in recent months after rising at a monthly average of 19 million last year, with more than 70 percent of the population now having access to them.
By comparison, China, the world's largest mobile phone market, saw a 1.17 percent monthly increase in total number of mobile subscribers to 927.26 million in August.
* Active mobile subscribers in August were 608.63 million, or about 70 percent of the total connections.
* Mobile tele-density, or mobile connections per 100 people, rose to 72.12 at the end of August, the regulator said. Mobile tele-density in urban areas was 157.76, whereas rural areas had just 35.20.
* By end-August, 18 million mobile subscribers had opted to change their carrier, after India allowed mobile number portability in January.
* Broadband users rose to 12.69 million in August from 12.50 million in July.
* Fixed-line subscribers fell to 34.07 million at the end of August from 34.18 million in July.
* Including fixed-line phones, India had 899.78 million phones as at end-August, or a total tele-density of 74.96.
(Compiled by Devidutta Tripathy in NEW DELHI; editing by Malini Menon)
- Tweet this
- Share this
- Digg this