Bharti Airtel in focus

Bharti Airtel announced measures--unrestricted incoming services till 17 April and Rs 10 talk time--to cover more than 80 million low-income mobile customers from the impact of the coronavirus crisis.

Piramal Enterprises said the Administrative Committee of the board of directors has approved the allotment of 7,500 secured, rated, unlisted, redeemable non-convertible debentures having a face value of Rs 10,00,000 each, aggregating up to Rs 750 crore.

Vedanta said its mining operations, which manufacture essential commodities, and the oil & gas business will continue across all sites during the lockdown imposed by the Centre to contain the spread of coronavirus.

Britannia Industries said the lockdown ordered by the Centre in the wake of Covid-19 has disrupted its operations. The company is working with authorities to restore operations.

Federal Bank said the board has approved an investment of Rs 148 crore in subsidiary-Fedbank Financial Services (FFSL) through rights issue. Objective of the Rights issue is to infuse regulatory capital in the firm. This is more than 5% of the post issue paid up capital of FFSL.

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