Stock Maestro

In telecom industry there are licenses in the name of spectrum to be taken from the government in order to provide telecom services in the nation. The government issues three types of licenses: 1. Mobile Internet Connection License 2. Cable Broadband License 3. Wireless Broadband License Back in the year 2007, the government issued telecom spectrum for wireless broadband connection and in the year 2010 TRAI clarified that this spectrum could only be used for broadband internet and not for voice calls. Companies like Vodafone, Airtel, BSNL had spectrum for both mobile connection and cable broadband so they thought that this spectrum was of no use for them and thus they didn't participate in the auction.  But in 2011 for the spectrum auction a company named Infotel who had a networth of just only 2.5 crores had applied for the bid. The auction had a compulsion that the company applying for the bid must have 250 crores bank gaurantee. Infotel surprisingly got the bank gaur...

  "If you want to be a millionaire then simply just be a billionaire and invest in aviation sector and you will end up becoming a millionaire ." Stock Market maverick Rakesh Jhunjhunwala has backed upcoming ultra low cost Airline carrier named Akasa Airlines and he will pump around 260 crores and hold around a 40% stake in this venture. Recently after the bankruptcy of once the Indian Airways giant Jet Airways, the government failing multiple times in bidding for disinvestment of Air India and finally ending up with giving it to the Tata Group, the covid threats circling around the aviation sector and the government not giving any support to aviation sector after facing the repercussions of corona virus pandemic. The business world is shocked as to why the Big Bull is investing in aviation sector. Although Rakesh has pumped a very small percentage of his net worth so he is not risking more. But he has planned a strategic layout for his ambitions by initially cornering ex pres...