Airtel, Idea shares surge after Jio asked to withdraw offer
Shares of telecom operators Bharti Airtel and Idea rose by over 2% in intraday trade on Friday after telecom regulator TRAI ordered Mukesh Ambani-led Reliance Jio to withdraw its 3 months complimentary offer. Shares of Reliance Industries however, fell as much as 1.8% during the day. Notably, Jio has said it will comply with the regulator's directions.