Telecom major Bharti Airtel Tuesday said it will acquire 70 percent stake in Bangladeshi player Warid Telecom for about $300 million and increase its overall investment to around $1 billion in the foreign firm.
Bharti would also get management and board control under the deal, while the existing promoters will continue to retain 30 percent in [...]
Mumbai, Jan 4 (IANS) Indian markets started the first day of the new trading year on a strong note Monday, with a key index ending 93 points up though heavyweights Reliance Industries and Bharti Airtel ended up losers of the day.
The sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 17,473.45 points, [...]
Mumbai, Jan 4 (IANS) A key Indian equities index, which rallied during the last hour of trade, closed a little below the late highs — yet 97 points up — even as heavyweights Reliance Industries and Bharti Airtel ended losers.
The sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 17,473.45 points, ended [...]
Mumbai, Jan 4 (IANS) A key Indian equities index was ruling flat Monday afternoon, with heavyweight stock Reliance Industries (RIL) acting as a major drag on the index, though select auto stocks were on the rise along with broader indices.
At 1.32 p.m., the sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at [...]
Dhaka, Dec 30 (IANS) Indian telecom firm Bharti Airtel is close to acquiring a majority stake in the Bangladesh operations of Warid Telecom, with officials of both companies meeting key officials to wrap up the deal, a newspaper report said Wednesday.
The Indian company is looking at buying a 70 percent stake in Warid and has [...]
Mumbai, Dec 29 (IANS) A key Indian equities index gave up its gains Tuesday to close flat, just 0.24 percent higher than its previous close, even as broader indices managed sizeable gains.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened at 17,388.67 points and closed at 17,395.52 points, up 40.95 points or [...]
New Delhi, Dec 24 (IANS) A key Indian equities index ended 129 points up Thursday, having given up some of the late gains it garnered in what otherwise was a dull day of trading.
Foreign funds came to the rescue of the markets, picking up the trading volume by buying about $288.9 million worth of scrips, [...]
Mumbai, Dec 24 (IANS) A key Indian equities index was trading in a flat and tight range post-noon Thursday and was ruling about 33 points higher even as mid-to-small sized scrips gained.
At 12.40 p.m., the 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened at 17,265.47 points and was ruling at 17,267.73 points, [...]
Mumbai, Dec 22 (IANS) A benchmark index of the Indian equities markets ended 91 points up Tuesday bringing an end to a rather dull day of trading. Metals, state-run firms and realty stocks rose the most.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) — which opened at 16,633.81 points — shut shop [...]
Mumbai, Dec 18 (IANS) A benchmark index of the Indian equities markets, dragged down by heavy selling in blue chip stocks like Reliance, Bharti Airtel and ICICI Bank, plunged Friday to end 174 points lower than its previous close.
The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) — which opened at 16,855.91 points — [...]
Mumbai, Dec 18 (IANS) A benchmark index of the Indian equities markets Friday, dragged down by heavy selling in blue chip stocks like Reliance, Bharti Airtel and ICICI Bank, plunged to end at its intra-day low and 201 points lower than its previous close.
The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) — [...]
Mumbai, Dec 17 (IANS) A benchmark index of the Indian equities markets was ruling flat Thursday having managed to recoup its early losses.
At 10.51 a.m., the sensitive index (Sensex) of the Bombay Stock Exchange (BSE) — which opened at 16,912.25 points — was ruling at 16,931.7 points, up 18.93 points or 0.11 percent [...]
New Delhi, Dec 3 (IANS) Telecom giant Bharti Airtel Thursday said its overseas acquisition plans were still on hold.
‘There is no change in acquisition plans (as of now),’ Bharti Airtel chief executive Manoj Kohli told reporters here on the sidelines of a telecom summit.
Earlier this year, it had held merger talks with South African [...]
Mumbai, Dec 3 (ANI): The Bombay Stock Exchange index benchmark, Sensex, climbed over 106 points today, on emergence of buying by funds and retail investors amidst firm Asian markets.
The Sensex has gained for the fourth time in a row, after earlier gains in the last three days. he 30-share Sensex that [...]
New Delhi, Dec 3 (IANS) Telecom major Bharti Airtel’s overseas acquisition plans are still on hold, a top company official said here Thursday.
‘There is no change in acquisition plans (as of now),’ Bharti Airtel chief executive Manoj Kohli told reporters here on the sidelines of a telecom summit.
The company was in merger talks with [...]
New Delhi, Dec 1 (IANS) State-run telecom service provider Mahanagar Telephone Nigam Ltd (MTNL) Tuesday announced per second billing scheme for its 2G and 3G customers in the Delhi and Mumbai circles.
Under the plan, calls made within the MTNL network will be charged half paise per second, while calls to other networks across the country [...]
Mumbai, Nov 27 (IANS) Indian equities managed to stem the losses suffered in the morning and afternoon sessions Friday, with a key index ending trade 1.32 percent lower after falling more than 3.82 percent over fears of a debt default by Dubai World.
Indian stock markets had joined the tumble in bourses around the world after [...]
New Delhi, Nov 9 (IANS) The telecom sector will witness a consolidation of tariffs in the next one to two years as the business models of many new operators were not viable, a senior Bharti Airtel official said here Monday.
‘I feel consolidation in terms of tariffs will happen in one-two years, which should lead to [...]
Mumbai, Nov 5 (IANS) Buoyed by the government’s decision to offload at least 10 percent stake in all profit-making state-run firms, a key index of Indian equities markets Thursday climbed up in the last minutes of trading to shut shop above the 16,000-mark.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened [...]
Mumbai, Nov 3 (IANS) A benchmark index of the Indian equities markets fell sharply by 491 points to touch a two-month low Tuesday, with investors dumping stocks especially of realty, metals, energy and power companies.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened lower at 15,838.63 points, closed at 15,404.94 points, [...]
Mumbai, Oct 30 (IANS) A key Indian equity index Friday closed 0.97 percent down for the fifth consecutive day to end below 16,000 points.
The sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened higher at 16,135.87 points, ended 15,896.28 points — 156.44 points or 0.97 percent down from Thursday’s close at 16,052.72 [...]
Mumbai, Oct 30 (IANS) Telecom major Bharti Airtel’s scrip Friday fell 6.38 percent lower than its previous close at the Bombay Stock Exchange (BSE) as investors dumped the stock because of disappointing second quarter results.
The scrip, which had fallen to an intra-day low of Rs.290.30 from Thursday’s closing figure of Rs.312.05, ended the day at [...]
Mumbai, Oct 30 (IANS) Telecom major Bharti Airtel Friday posted a 43.1 percent increase in net profit to Rs.2,297 crore (Rs.22 billion) for the quarter ended Sep 30, 2009, as against Rs.1,605 crore in the same period last fiscal.
The total income increased 7.5 percent to Rs.8,927 crore in the period under review from [...]
Mumbai, Oct 22 (IANS) Indian equities markets were in the negative shortly after noon Thursday with investors continuing to book profits, pushing a key index 0.45 percent below its previous close.
At 12.21 p.m., the sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened higher at 17,031.54 points, was ruling below the 17,000-mark at [...]
Mumbai, Oct 20 (IANS) A key Indian equity index Tuesday climbed up after slipping briefly into the negative and was ruling 0.3 percent higher than its previous close a little before noon.
Indian markets had started on a positive note Tuesday, the first day of full time trade of Samwat 2066 – the new year according [...]
Mumbai, Oct 14 (IANS) Buoyed by better corporate earnings and strong global markets, a key index of Indian equities Wednesday soared 204 points to end at a 52-week high.
The 30-scrip benchmark index of the Bombay Stock Exchange, Sensex, which opened at 17,117.9 points, shut shop at 17,231.11 points, up 204.44 points or 1.2 percent from [...]
Mumbai, Oct 14 (IANS) A key Indian equities index extended its gains around Wednesday noon and was ruling 1.12 percent higher than Monday’s closing figure.
At 12.04 p.m., the sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened higher at 17,117.9 points, was ruling at 17,218.05 points – 191.38 points or 1.12 percent higher [...]
Mumbai, Oct 9 (IANS) A key Indian equities index closed 1.19 percent lower Friday after falling sharply in the late afternoon session.
The 30-scrip benchmark index of the Bombay Stock Exchange, Sensex, which opened at 16,915.96 points, shut shop at 16,642.66 points, down 200.88 points or 1.19 percent from Thursday’s closing figure of 16,843.54 points.
The S&P [...]
New Delhi, Oct 6 (IANS) Telecom major Bharti Airtel has partnered with US-based network equipment maker Cisco Systems to offer services for small, medium and large enterprises.
The alliance will use Cisco’s Internet Protocol (IP) technologies and expertise to create and sell a set of unique products and services, including managed data services, hosted unified communications, [...]
Mumbai, Oct 6 (IANS) A key index of the Indian equities markets Tuesday climbed back into the green after ruling in the negative for most of the day. It shut shop 92 points higher than its previous close.
The 30-scrip benchmark index of the Bombay Stock Exchange, Sensex, which opened at 16,879.38 points, shut shop at [...]
