NEW DELHI/BENGALURU (Reuters) – Indian telecom stocks rose on Friday amid hopes that the government would step in to help the ailing sector, a day after two top mobile carriers warned their ability to operate and make profits would depend on relief from the country. The Supreme Court last month upheld a demand by the telecoms ministry that wireless carriers pay 920 billion rupees ($12.89 billion) in overdue levies and interest within months. As two of the country’s top three carriers, Vodafone Idea and Bharti Airtel will have to pay a bulk of that money. …read more
Source:: Yahoo Finance
