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NIO, Heico, 3M, Catalent, Best Buy, and More Stock Market Movers

NIO's results miss estimates, AT&T and Verizon stocks are upgraded, 3M agrees to pay a $6 billion earplugs settlement, and Heico falls after its earnings. ....

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AT&T and Verizon Dividends Have Raised Concern. Why Citi Thinks They're Safe.

Citi’s Michael Rollins raised Verizon and AT&T to Buy from Neutral but kept a High Risk rating on both stocks, as investors wait for more news on. ....

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Companies list challenges as Trai mulls stricter service quality norms

Industry executives say the proposed need for submitting state-wise data is also challenging as the network architecture is planned telecom circle-wise. Another issue pointed out by the telecom firms is around quality of service (QoS) norms for 5G. The telcos feel that network roll out is under progress, and they can be held accountable as per network roll out obligations. ....

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Telcos' operating profit to jump 15% to Rs 1.2 lakh crore in FY24: Crisil

The players had reported an operating profit of Rs 1.04 lakh crore in the year-ago period, Crisil Ratings said. ....

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ril agm: RIL AGM: Jio to roll out one million 5G cells across India by December'23, says Mukesh Ambani

Reliance chairman Mukesh Ambani on Monday said that RIL s telecom unit, Jio, will be rolling out one million 5G cells by December, 2023. The remark came while Ambani was addressing the 46th annual general meeting of the company. "85% of total 5G cellls operating in India are of Jio. We will have nearly one million 5G cells by December 2023," he said. ....

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