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Airtel, Tata Comm, RCom, Railtel among 34 firms found violating internet services licence rules: Govt
thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
Airtel, Tata Communications, RCom, Railtel among 34 firms found violating internet services licence rules: Govt
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In IPO frenzy, 200 HNIs compete for one share
Rich are lured by hefty listing gains, easy financing
The booming primary market is witnessing strong participation from non-institutional investors (NIIs). Driven mainly by HNIs, the average subscription for the non-institutional quota has been 190-200 times in 2020 and so far in 2021 compared to 30-40 times about a decade back. This means, for every share on offer under the NII quota in IPOs, there are 200 competing investors.
Flush with cash and financing, HNIs are going after initial public offerings (IPOs) in a big way as substantial listing day gains have become the norm, say experts. Technically, non-institutional bidders are individual investors, NRIs, companies, trusts etc who bid for more than ₹2 lakh but do not have to register with SEBI like qualified institutional investors (QIIs).
Updated Mar 04, 2021 | 18:24 IST
RailTel expects to rake in Rs 10-15 crore in revenues annually from its paid high-speed wifi service launched across 4,000 stations. RailTel launches Wi-fi plans at 4000 railway stations; first 30 mins free | Photo Credit: Representative Image
Key Highlights
In pre-Covid time more than 2.9 cr people were using the service monthly.
More than 5,950 Indian railway stations have the facility of wifi
State-run RailTel Corporation of India, under the Ministry of Railways, has launched its high-speed Wi-Fi service at more than 4,000 railway stations across the country.
The central public sector enterprise (CPSE) as part of its Railwire Wi-Fi service has launched several high-speed prepaid plans. They provide 30 minutes of free access per day at 1 Mbps speed across the eligible railway stations after which users can choose a plan with higher speed by paying a nominal fee.
RailTel Corp bags Rs 25-cr order from BSNL
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