Idea shares gain after quarterly earnings beat estimates

Shares in Idea Cellular Ltd gain more than 2 percent in early trading on Tuesday after the wireless service provider posted better-than-expected quarterly earnings.

Idea Cellular reported on Monday a 90 percent jump in January-March consolidated net profit, and said it was confident about growth, as phone carriers benefit from reduced competition after a long price war.

Bharti Airtel is up 0.5 percent ahead of its quarterly earnings later in the day.

EDITORIAL OF THE DAY

  • While net neutrality is a noble concept, internet for all is a necessity

    The Telecom Regulatory Authority of India’s directive that no service provider should offer or charge discriminatory tariffs for data services on th

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Urs Schoettli

The importance of Indonesia

A few weeks ago, the wo­rld was shocked by a ...

Rajgopal Nidamboor

Try to awaken the archaeologist within

Our mind is far ahead of René Descartes’ famous maxim, ...

Bubbles Sabharwal

Social media versus real life

It’s amazing how social media brings out the best side ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture