New Delhi, Nov. 15 -- Major Indian equity indices ended higher on Friday led by index heavyweights. The Sensex closed 70.21 points higher at 40,356.69, while the Nifty ended 23.20 points higher at 11,895.30.
Beaten down telecom stocks -- Bharti Airtel and Vodafone Idea -- recovered sharply on Friday on reports that a committee has sought recommendations from the Department of Telecom (DoT) on setting a minimum charge for all tariffs for telecom players.
Both Vodafone Idea and Airtel took hits on their balance sheet, as well as in the bourses after the Supreme Court upheld the government's definition of adjusted gross revenue (ADR) on which it calculates levies on telecom operators, resulting in dues of over Rs 92,000 crore payable by the ...