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Top headlines: Jet Airways creditors take haircut; Sebi reins in promoters

Business Standard brings you the top headlines on Thursday

telecom, telcos, towers, spectrum
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Imaging: Ajay Mohanty

BS Web Team New Delhi
Top headlines at this hour: India's telecom companies are getting subscribers but revenue is still far away from peak. Creditors to bust Jet Airways will take 95% haircut on Rs 7,800 cr .

Telcos sustain growth but FY21 revenue still away from FY16 peak

India’s mobile operators are back on the growth path and their combined net sales were up 11.9 per cent in FY21. With this, the industry’s total revenues are up 33.6 per cent from FY18.

But, the telecom industry is yet to fully recover from the disruption caused by the entry of Reliance Jio in 2016. Its combined