Reuters Market Eye - Shares in Idea Cellular(IDEA.NS) fall 3.2 percent on profit-taking after rising 16.12 percent in November as of Thursday's close versus a gain of 3.6 percent in Nifty.
Dealers say the reduction in regulatory uncertainty after lower-than-expected receipts in the 2G auction helped the stock gain in November but it's priced in.
UBS said in a report on Thursday that as per the Telecom Regulatory Authority of India's (TRAI) September quarter revenue report, Idea lost market share in all circles.
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Eighteen village councils in Uttar Pradesh are demanding a local Coca-Cola bottling plant be prohibited from extracting water from the ground, claiming its over usage has led to water scarcity in the area, said an environmental campaign group. Full Article