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Bharti Airtel's B2B arm Airtel Business and telecom public sector company ITI Ltd have collaborated to sell digital solutions to enterprises, a joint statement said on Monday. The move is expected to enhance Airtel Business' share in the public sector, including Defence sector, by leveraging quota of ITI Ltd. "Extremely enthusiastic on this momentous occasion, wherein ITI Ltd and Bharti Airtel Ltd have come together with this MoU to offer state-of-the-art services and solutions to our customers," ITI Chairman and Managing Director Rajesh Rai said. He said the collaboration would the pave way for joint identification and fulfilment of enterprise customer needs in terms of digital transformation, faster connectivity, hyper scale data centers, cybersecurity solutions, IoT etc. The strategic collaboration will deliver nationwide digital and telecom infrastructure, combining high-speed enterprise connectivity (OFC, GPON, SD-WAN, and private 4G/5G) with secure data center and sovereign .
Telecom firm Bharti Airtel sees potential for raising tariffs on plans that offer unlimited data at lower price points, a senior company official said on Wednesday. During the earnings call for the first quarter, Bharti Airtel Executive Vice Chairman Gopal Vittal said the company will step up investments in Africa, from where business contribution in overall business is set to rise as well. Bharti Airtel reported a 37.3 per cent increase in profit after tax to Rs 8,167 crore in the June quarter, driven by strong growth across India and Africa operations. The revenue from operations during the quarter increased 18.3 per cent to Rs 58,539 crore from Rs 49,462.6 crore in the June quarter a year ago. In response to a question if Bharti Airtel needs to hike tariff given that it is recording a healthy growth, Vittal said when the company talks about tariff repair, it is actually about the architecture of mobile plans in place. "Which means that for a very low level of pricing, you get .
After investing over Rs 3.3 lakh crore in building digital infrastructure in the past decade, Bharti Airtel is betting big on financial services, data centres, and cloud for the next phase of growth, Chairman Sunil Bharti Mittal said in the company's annual report. Bharti Airtel has announced Rs 20,000-crore investment in non-banking financial company Airtel Money while its data centre Nxtra recently raised USD 1 billion (about Rs 9,500 crore) as part of its plan to build 1 gigawatt capacity. "Over the last few years, we took a calibrated approach to build new growth engines for Airtel. These bold bets yielded strong outcomes and have grown our conviction in three adjacencies where we believe Airtel has a clear right to win -- financial services, data centres and Airtel Cloud," Mittal said in the report released late night on Saturday. He said Airtel Money was granted the approval from the Reserve Bank of India to operate as a non-deposit taking Non-Banking Financial Company ...
The combined market valuation of four of the top-10 most valued firms jumped Rs 92,995.48 crore last week, with HDFC Bank and Bharti Airtel emerging as the biggest gainers. Last week, the BSE benchmark Sensex declined 194.52 points, or 0.25 per cent, and the NSE Nifty dipped 63.95 points, or 0.26 per cent. "Markets ended the week marginally lower, snapping a four-week winning streak amid renewed geopolitical tensions in West Asia and a sharp spike in crude oil prices," Ajit Mishra, SVP, Research, Religare Broking Ltd, said. Markets started the week on a positive note, supported by easing crude prices, encouraging Q1 business updates, improving monsoon progress, and broad-based buying, he said. However, sentiment weakened during mid-week following escalating IranUS tensions, triggering a sharp sell-off before benchmark indices recovered a significant part of the losses over the final two sessions, Mishra added. The gainers from the top-10 pack were Reliance Industries, HDFC Bank, .
The combined market valuation of 6 of the top-10 most valued firms surged by Rs 1 lakh crore last week, with Bharti Airtel and Bajaj Finance emerging as the biggest gainers, amid a largely positive trend in equities. Last week, the BSE benchmark Sensex climbed 663.44 points, or 0.86 per cent, and the NSE Nifty rose 214.85 points, or 0.89 per cent. Markets ended the week on a firm footing, supported by resilient domestic macroeconomic indicators, healthy GST collections and improving industrial activity, Ajit Mishra, SVP, Research, Religare Broking Ltd, said. "Expectations of a more accommodative global monetary policy following softer-than-expected US labour market data further strengthened investor sentiment," he added. The market valuation of Bharti Airtel jumped Rs 36,529.21 crore to Rs 11,63,877.30 crore, the most among the top-10 firms. Bajaj Finance added Rs 33,059.83 crore, taking its valuation to Rs 6,43,141.36 crore. ICICI Bank's valuation surged Rs 16,084.29 crore to Rs