Unlike the previous election years, bankers said there was more certainty regarding the outcome
If this sale is successful, Bharti Airtel will become the majority stakeholder in Indus Towers with a 52% shareholding
On June 19, Vodafone sold 18 per cent stake in Indus Towers for Rs 15,300 crore to repay debts. Post stake sale, Vi's holding in Indus Towers stood at 3.1 per cent
Valuation is where analysts remain divided, given different assumptions on tariff hike quantum and on capex moderation
The so-called 'Modi-stocks' have rallied up to 50 per cent in the last six months, suggests a CLSA report. What's in store ahead; here's what the charts suggest.
Within this basket of Modi stocks, the preferred BUYs for CLSA India analysts are ONGC, NTPC, NHPC, SBI, Power Finance, IGL and Mahanagar Gas in the PSU space
Telecom operator Bharti Airtel has appointed Sharat Sinha as the CEO of Airtel Business with effect from June 3, 2024. In this role, Sinha will report to Gopal Vittal and will be a part of the Airtel Management Board, according to a release. Sinha joins Airtel Business from Checkpoint Software Technologies, where he served as President of Asia Pacific. A seasoned technology professional, he has also worked with Palo Alto Networks, Cisco, and VMWare in various leadership roles. His early experiences in Ericsson and VSNL have also given him a sound telecom background, the release added. Gopal Vittal, CEO and MD of Bharti Airtel exuded confidence that Sinha's broad global experience in product management and business leadership across many global technology companies will provide tremendous firepower to Airtel's ambitions in rapidly growing the company's portfolio across connectivity and adjacencies. In June last year, Airtel announced the exit of the Chief Executive Officer of Bhart
While Jio has fronted the highest earnest money deposit, it is not expected to bid the most
Anubrata Biswas, managing director and chief executive officer of Airtel Payments Bank, discusses the quarterly results and future prospects with Harsh Kumar
Jio is expected to take the lead in the auction once again, with plans to bolster its spectrum portfolio, particularly in the 800 MHz band across certain circles
Reliance Jio had a net worth of Rs 2.31 trillion followed by Airtel with Rs 86,260 crore, DoT said. Vodafone Idea had a negative net worth of Rs 1.16 trillion
Hints at multiple tariff hikes, says free 5G data dragging down Arpu
Bharti Airtel Managing Director Gopal Vittal on Wednesday said he was happy to see Vodafone Idea raising funds and asserted that India will be well-served with three private players operating in the market. The comment assumes significance as Airtel's smaller rival Vodafone Idea recently raised Rs 18,000 crore pulling-off India's largest-ever follow-on public offering (FPO). The fundraise is expected to arm VIL with firepower to improve its competitive positioning in the Indian telecom market, where it trails Reliance Jio and Bharti Airtel, by a wide margin. Speaking at an earnings call of Airtel, Vittal fielded a question on how he sees competitive intensity in the market, post the capital raise by VIL. Vittal said he was glad to see that VIL has raised money, and that he wished them well. "India will be well-served if it has three operators... three private operators working. (On) Whether we need to push harder, we are pushing hard everyday, so it is an ongoing effort... it is a
Notably, the stock is among the top gainers on Bombay Stock Exchange (BSE)
At 6:55 AM, GIFT Nifty futures was trading 73 points higher at 22,382.50 levels compared to Nifty50 futures, indicating a positive start for the bourses
Average revenue per user inches up to Rs. 209, from Rs. 208 in Q3
Airtel Q4 FY24 results: The board has recommended a final dividend of Rs 8 per fully paid-up equity share of face value Rs 5 each for the financial year 2023-24
Q4 FY24 results: Patanjali Foods, Zydus Wellness, Bajaj Electrical, Colgate-Palmolive too will release their fourth quarter results
The two companies are targeting the large and growing Indian public cloud services market, which is expected to reach $17.8 billion by 2027, according to IDC
Public cloud services market in India is expected to reach $17.8 billion by 2027