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A Bharti Airtel office building is pictured in Gurugram. File. | Photo Credit: Reuters The board of telecom operator Bharti Airtel has approved the ‘first and final call’ of ₹401.25 per share on 39.2 crore partly paid-up equity shares, that form over ₹15,700 crore portion of its remaining rights issue. The proceeds from the call…
File photo of Bharti Airtel Vice-Chairman and MD Gopal Vittal | Photo Credit: Shiv Kumar Pushpakar Bharti Airtel will approach the government again seeking a relief in adjusted gross revenue matter following a favourable order by the Supreme Court in the case of Vodafone Idea, a senior company official said. The Supreme Court on Monday…
Image used for representative purpose only. | Photo Credit: Reuters The combined market valuation of seven of the top-10 most valued firms climbed ₹74,573.63 crore in a holiday-shortened last week, with HDFC Bank emerging as the biggest gainer in line with a positive trend in equities. Last week, the BSE benchmark climbed 780.71 points or…
Read More “Mcap of 7 of top-10 most valued firms climbs ₹74,573 crore; HDFC Bank biggest gainer” »
Bharti Global, the international investment arm of Bharti Enterprises, will buy a 9.99% stake in BT Group from Patrick Drahi’s Altice immediately. Photo: X/@BTGroup Bharti Global, the international investment arm of Bharti Enterprises, has completed the acquisition of 24.5% of the issued share capital of BT Group plc from Altice UK. In a statement, Sunil…
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Bombay Stock Exchange (BSE). File | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty settled lower for the sixth straight session on Monday (October 7, 2024) due to heavy selling in bellwether stocks including HDFC Bank and Reliance Industries amid mixed trends in the global markets and outflow of foreign funds. Falling for the…
After telecom operators, Scindia met telecom equipment makers including Dixon Technologies, Nokia, Ericsson, Sterlite Technologies and VVDN [File] | Photo Credit: REUTERS Telecom operators in a meeting with Union Minister Jyotiraditya Scindia expressed concerns over regulator Trai excluding messaging and calling apps like WhatsApp and Telegram in its recommendation on new licensing rules, sources aware…
Exchange Data said that FIIs bought equities worth ₹2,208.23 crore on Tuesday (September 10, 2024). File | Photo Credit: Reuters Equity benchmark indices declined in early trade on Wednesday (September 11, 2024) after two days of gains amid selling in Tata Motors and weak trends in Asian markets. The 30-share BSE Sensex fell 111.85 points…
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Bharti Airtel at present holds 48.95% stake in Indus Towers. | Photo Credit: Reuters “Bharti Airtel will hold over a 50% stake in Indus Towers after completion of the ongoing ₹2,640-crore share buyback scheme of the telecom infrastructure firm,” a regulatory filing said on Wednesday (August 28, 2024). Telecom infrastructure major Indus Towers commenced the…
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A Bharti Airtel office in Gurugram. File | Photo Credit: Reuters Telecom operator Bharti Airtel reported more than 2.5 times jump in its consolidated profit to ₹ 4,160 crore in the first quarter ended on June 30, 2024, compared to the year-ago period. The company posted a profit of ₹ 1,612.5 crore in the same…
Read More “Bharti Airtel Q1 net profit jumps 2.5 times to ₹4,160 crore” »
The Congress on July 5 questioned how three leading mobile service providers in India were allowed to hike their tariff unilaterally, without any oversight and regulation. | Photo Credit: K.V.S. Giri The Congress on July 5 questioned how three leading mobile service providers in India were allowed to hike their tariff unilaterally, without any oversight…
Read More “Congress hits out at Centre over telcos hiking tariffs together” »