Market Pulse
Sensex losers, gainers this week
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
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Sistema India phone unit says intends to bid in airwave auction
NEW DELHI |
NEW DELHI (Reuters) - Russian conglomerate Sistema's(SSAq.L) Indian mobile phone unit, fighting a court order to revoke its permits, said on Friday it has told the court it intends to bid for airwaves in an auction due in March and wants to continue its services.
Sistema Shyam TeleServices Ltd said in a statement it was awaiting the court's order on its application.
The Supreme Court of India earlier on Friday ruled carriers whose permits were revoked last year must stop operations immediately unless they have won new rights to airwaves.
(Reporting by Devidutta Tripathy, editing by Anurag Kotoky)
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