Cabinet announces AGR breather: Telecom shares spurt – Airtel jumps 6%, Vodafone Idea soars 7%
As the government on Wednesday announced a breather to the telecom sector, the shares of Bharti Airtel and cash-strapped Vodafone Idea ended on a higher note. The former jumped over 4.5 per cent to Rs 725.55 per share, while the latter grew almost 3 per cent to Rs 8.93 per cent on the BSE.
The government has also approved 100 per cent FDI in telecom through automatic route: PIB