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Bharti Airtel's African arm, Airtel Africa, has posted over two-fold jump in its profit to USD 813 million ( about Rs 7,700 crore) for the fiscal year 2026, mainly driven by tariff adjustments in Nigeria and forex gain, the company said on Friday. Airtel Africa said it plans to list Airtel Money in the second half of 2026. The company, which operates in 14 African countries, had posted a profit after tax (PAT) of USD 328 million in the preceding financial year. "Higher profit after tax in the current period was driven by higher operating profit and derivative and foreign exchange gains of USD 127 million, compared to USD 179 million derivative and foreign exchange losses in the prior period," the company said in a statement. Airtel Money's customer base increased by 21.3 per cent year-on-year to 54.1 million, and transacting customers increased by 74 per cent in FY26. Its annualised total processed value grew by 49 per cent to over USD 215 billion in reported currency in ...
The combined market valuation of eight of the top-10 most valued firms surged by Rs 1,87,497.45 crore in a holiday-shortened last week, with Bharti Airtel emerging as the biggest gainer, in line with a positive trend in equities. Last week, the BSE benchmark Sensex jumped 943.29 points or 1.21 per cent, and the NSE Nifty climbed 302.95 points or 1.25 per cent. "Markets ended the truncated week with notable gains, extending their uptrend for the second consecutive week, supported by easing geopolitical tensions and improving risk sentiment. Optimism surrounding a potential USIran peace agreement underpinned market confidence, while stable domestic fundamentals further aided momentum," Ajit Mishra SVP, Research, Religare Broking Ltd, said. The market valuation of Bharti Airtel jumped Rs 58,831.52 crore to Rs 11,25,125.21 crore, the most among the top-10 firms. The valuation of Life Insurance Corporation of India (LIC) surged Rs 27,608.62 crore to Rs 5,32,691.31 crore. Tata Consulta
Bharti Airtel on Monday said it has deployed more than 4,300 new 5G sites across eastern Uttar Pradesh in the last 12 months, boosting its network presence in the region. The large-scale network expansion was undertaken across 48 districts of the UP East circle, covering 34 million people across urban centres, growth towns and remote rural villages. By adding an average of 12 new sites every day, Airtel has accelerated the rollout of high-speed connectivity, ensuring customers experience consistent performance for work, education, entertainment and digital payments, the company said in a statement. Customers in Lucknow, Kanpur, Varanasi, Prayagraj, Gorakhpur, Ayodhya, Jhansi and several other districts will directly benefit from this enhanced network footprint. The expanded coverage will enable seamless access to high-speed 5G services, supporting the everyday digital needs of citizens, students, micro entrepreneurs, enterprises and government institutions across urban and rural ...
The combined market valuation of six of the top-10 most valued firms declined by Rs 64,734.46 crore in a holiday-shortened last week, with Bharti Airtel taking the biggest hit, reflecting the broader weakness in the equities market. Last week, the BSE benchmark Sensex declined 263.67 points, or 0.35 per cent, and the NSE Nifty fell 106.5 points, or 0.46 per cent. "Markets ended lower for the sixth consecutive week, declining by nearly half a per cent, reflecting heightened volatility driven by a mix of global and domestic uncertainties. "The holiday-shortened week began on a weak note as escalating US-Iran tensions and a sharp rise in crude oil prices weighed on sentiment, triggering broad-based selling pressure," Ajit Mishra, SVP, Research, Religare Broking Ltd, said. However, markets staged a mid-week recovery supported by easing geopolitical concerns and softer oil prices, he added. "Despite this rebound, volatility remained elevated due to fluctuating global cues, continued ..