The Supreme Court has dismissed telecom giants Vodafone Idea and Bharti Airtel's review petitions seeking corrections in adjusted gross revenue dues calculations, leaving them with no legal recourse
The combined market valuation of six of the top-10 most valued firms surged Rs 1,18,151.75 crore last week, with HDFC Bank and Bharti Airtel emerging as the biggest gainers, in-line with firm trend in equities. Last week, the BSE benchmark climbed 354.23 points, or 0.45 per cent, and the Nifty went up 77.8 points, or 0.33 per cent. While Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys and Bajaj Finance were the gainers from the top-10 pack, Tata Consultancy Services (TCS), State Bank of India, Hindustan Unilever, and ITC faced erosion from their valuation. Together these four firms lost Rs 1.15 lakh crore from their valuation. The market valuation of HDFC Bank jumped Rs 32,639.98 crore to Rs 13,25,090.58 crore. Bharti Airtel added Rs 31,003.44 crore taking its valuation to Rs 9,56,205.34 crore. The market capitalisation (mcap) of Bajaj Finance surged Rs 29,032.08 crore to Rs 5,24,312.82 crore and that of Infosys rallied Rs 21,114.32 crore to Rs 7,90,074.08 ...
Technical chart shows that NCC and Sonata Software shares were seen testing multi-year supports; break of the same can trigger a deeper fall at these counters. Check key levels for these 5 stocks here
The Reserve Bank of India may cut the benchmark repo rate by 25 basis points to 6.25 per cent later in the day
Airtel profit rings louder at Rs 15K cr on Indus boost
Bharti Airtel Results Today: The telecom services provider could report "industry-leading" financials with a healthy growth in average revenue per user (Apru), subscriber base, and margin expansion
Q3 company results, February 6: Hero Motorcorp, NMDC, PVR INOX, State Bank of India, JK Lakshmi Cement, and Apollo Tyres will release their reports for the Oct-Dec 2024 quarter
Bharti Airtel Q3 FY25 results: Arpu grew to Rs 245 in Q3 FY25 from Rs 208 in Q3 FY24
Bharti Airtel's Africa business unit Airtel Africa has reported USD 133 million (about Rs 1,152 crore) profit for the third quarter ended December 2024, mainly on account of forex gain, the company said on Thursday. Airtel Africa had posted a loss of USD 6 million attributable to owners of the company in the same period a year ago. Its revenue increased by 2 per cent to USD 1,268 million during the reported quarter from USD 1,238 million in the December 2023 quarter despite a decline in average revenue per user (ARPU) -- a key factor to measure the growth of telecom operators. "Exceptional items were predominantly driven by the devaluation of the Nigerian naira over the respective periods. In the third quarter of the financial year 2025, we recorded an exceptional gain of USD 144 million (USD 94 million net of tax) relating to the appreciation of the naira and the Tanzanian shilling during the quarter," Airtel Africa said in a note. The finance cost of Airtel Africa before exceptio
Analysts say continuing user loss for Vodafone Idea a key concern
The move came after telecom regulator called for data-less plans to allow low-paying consumers more choices
NBFC gains access to Airtel's customer database and transaction history
NBFC firm Bajaj Finance and Bharti Airtel on Monday announced a strategic partnership to create a digital platform for financial services. The one-of-a-kind partnership brings together Airtel's customer base of 370 million, about 12 lakh strong distribution network, and Bajaj Finance's diversified suite of 27 product lines, and distribution heft of 5,000 more branches and 70,000 field agents, a joint statement said. Airtel will initially offer Bajaj Finance's retail financial products on its Airtel Thanks App for seamless and secure customer experience, and later through its nation-wide network of stores, it said. The combined strength of the companies' digital assets will enable Airtel and Bajaj Finance to significantly deepen penetration of financial products and services, it said. Gopal Vittal, vice chairman and MD, Bharti Airtel, said, "today, we are trusted by over 1 million customers and our vision is to make Airtel Finance a one-stop shop for all the financial needs of our .
Residual benefits from last July's tariff hike, Indus consolidation to help telco
Stocks to Watch, Jan 10, 2025: TCS, IREDA, Tata Elxsi will be in focus post their Q3 results, also, Swiggy, Zomato, Vi and others will be on the radar
Airtel, with industry-leading ARPU and subscriber growth, may also see a 60 basis points (bps) growth in operating profit margin
Telecom operators Bharti Airtel and Vodafone Idea have sold their entire stake in Wi-Fi infrastructure company Firefly Networks to iBus Network and Infrastructure for Rs 9 crore, the telcos said in separate regulatory filings on Monday. FireFly Networks Limited is a 50-50 joint venture between Vodafone Idea and Bharti Airtel Limited. "Bharti Airtel Limited has entered into a Share Purchase Agreement with iBus Network and Infrastructure Private Limited for transfer of Company's entire stake (50 per cent) in Firefly Networks Limited," Airtel said in a filing. The deal is expected to close within 30 business days from the date of execution of the agreement between the firms. "The Company will receive Rs 45 million for the sale of its entire stake (50 per cent) held in Firefly," Vodafone Idea said in a separate filing. Firefly manages and monetises Wi-Fi hotspots by providing the best Wi-Fi infrastructure to partners like educational institutes, hospitals, malls, cafes, public hangout
Stocks to Watch, Jan 3, 2025: From Avenue Supermarts to Tata Motors, here are few stocks that will be on investors' radar today
Airtel service outage: The outage caused major problems for mobile internet users, who made up 39 per cent of the complaints. It also affected businesses that rely on Airtel's broadband services
Airtel adds 1.9 million users after 3 months, BSNL grows base