Bharti Airtel was up 7 per cent at the Tuesday close on the BSE. Vodafone Idea rose 35 per cent.

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Gupta told ET that Jio needs to inform the sector regulator “within seven working days from the date of implementation of its new tariff”.

Shares of RIL, the parent company of Reliance Jio, went up by a more modest 3.2 per cent intra-day.

CLSA said Bharti Airtel and Vodafone Idea will likely keep tariffs unchanged and focus more on gaining 4G subscribers.

Reacting on the development, Bharti Airtel shares traded 3.56 per cent higher at Rs 372.

In its Q2 preview, BoFAML said it expects a seasonal decline at Bharti and Vodafone.

Bharti Airtel shares were also up 0.5 per cent at Rs 337.50, in a weaker broader market.

Airtel believes that the revamped digital strategy will add customers and drive up data consumption.

Jio reported a net profit of Rs 504 crore for the October-December quarter, versus Rs 306 crore by market leader Bharti Airtel.

The government will stick to its borrowing and fiscal deficit targets for this fiscal with no plans to relax spending goals.

Reliance Jio will be a beneficiary of the lower access cost.

CLSA raises target price to Rs 1,050 Lower cost means operating profit margins of Jio will be higher than Street's expectations.

Earnings before interest, depreciation, tax and amortisation (EBIDTA) of Airtel and Idea Cellular will be hit by 4-7% in FY19 and up to 8-1...

RIL has gained 18% since June 30 while other OMCs have gained 12-24% in the same period.

Trai has also reduced network interconnection IUC on calls made from mobile phones by about 30 per cent to 14 paise per call from 20 paise ...