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TRAI puts new telecom licences on hold

Posted on: August 5th 2009 in Market News.

India’s telecoms regulator TRAI has asked the government not to issue new licences until it decides whether there is a need for more players in the crowded market, a move that could further delay entry of firms such as ATandT. The Telecoms Regulatory Authority of India (TRAI) has a…

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Accumulate Reliance Comm; target of Rs 244: Angel Broking

Posted on: May 6th 2009 in Brokerage Recommendations.

Angel Broking has recommended an accumulate rating on Reliance Communication with a price target of Rs 244, in its report dated May 5, 2009. “Going forward, we expect RCOM to post a 21.8% …

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