Idea Cellular and Vodafone Group announced the new leadership team of the soon-to-be merged entity that will have Kumar Mangalam Birla as the non-executive Chairman.
Airtel along with its wholly owned subsidiary Telesonic Network has approached the NCLT over their scheme of demerger.
Truecaller and Telecom services provider Bharti Airtel announced that the "Airtel Truecaller ID" service now has over one million paying subscribers across India.
Telecom major Bharti Airtel claimed that more than 1.50 mn customers from Aircel has joined its network taking the total to over 20 million customes in the Tamil Nadu.
Telecom services provider Bharti Airtel announced the availability of Samsung's latest flagship Galaxy S9 and S9+ smartphones on its online store.
Telecom operator Tata Teleservices said it will start closing its CDMA service in Delhi circle from March 19.
Bharti Airtel said its committee of directors has approved the allotment of 30,000 debentures, for raising about Rs 3,000 crore on private placement basis.
The 30-share barometer rose 44.58 points, or 0.13 per cent, to 33,962.52 in early session.
Shares of Airtel rose nearly 5 pc after the company received approval from the board to raise up to Rs 16,500 cr for refinancing debt and paying for spectrum liabilities.
Airtel rose the most by 4.68% among Sensex scrips after its board approved raising up to Rs 16,500 cr for refinancing debt and paying for spectrum liabilities.
Acquires Cynosure Inc and Cynosure Interface Solutions for $31mn and Rs13cr respectively
To add platform capabilities in the insurance segment which contributes 15% of total business
The Acquisition is expected to close within the next 3 months
Sells Essar Steel loan to Deutsche Bank
Has sold its $385 mn Foreign currency loan extended to Essar Steel
Bank has taken a 38% haircut
Rs 1600 cr is expected earnings to the bank from the deal
Economic Times Reports
To Sell 50% stake in prime Mumbai office assets to Blackstone for $1.3bn
The co is also in discussions to sell its residential and commercial projects in Chennai
To convene shareholder’s meet on 23rd March in regard to the proposed divestment
Gets Order Worth Rs 230 Cr From NTPC
To perform the pressure part metallurgy upgradation for 3 660MW super critical steam generators
Will help NTPC commission the 3x 660MW plant started 12years
Declared L1 bidder for EPC Project in UP worth Rs 677cr from NHAI
The completion period for the project is 30 months