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's Idea Cellular cuts FY13 capex guidance to $557 mln
MUMBAI Jan 29 (Reuters) - Indian mobile phone carrier Idea Cellular Ltd expects capital expenditure of 30 billion rupees ($557 million) for the fiscal year ending in March, finance chief Akshaya Moondra said, 5 billion rupees lower than its earlier guidance.
Idea expects headline voice tariff to remain unchanged as of now, even though call prices need to be balanced with costs, Managing Director Himanshu Kapania told reporters on Tuesday.
Both executives were speaking at a news conference after India's No. 3 mobile operator by revenue reported a smaller-than-expected 14 percent rise in quarterly profit. ($1 = 53.9050 Indian rupees) (Reporting by Aradhana Aravindan; editing by Malini Menon)
- Tweet this
- Share this
- Digg this