Stock Market LIVE updates: Sensex tanks over 1,000 points as IT, financial shares plunge; Nifty slips to16,200  – The Times of India

Stock Market LIVE updates: Sensex tanks over 1,000 points as IT, financial shares plunge; Nifty slips to16,200 – The Times of India

Even before bids are called, 5G auctions are turning out to be a turf war between the well-heeled telecom operators, such as Reliance Jio, Airtel and Vodafone Idea, and the new age Big Tech like Google, Amazon, TCS and Cisco as the two sides fight over the issue of deploying high-speed private networks for enterprises. The telecom companies, who traditionally buy spectrum in auctions and roll out networks, are protesting against the decision of regulator Trai to consider giving space to the new age companies in the deployment of captive business networks, which will be used by smart factories, hospitals, educational institutes, agricultural players, ports, airports, and hotels.

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