Kumar Mangalam Birla to be Chairman of merged Vodafone-Idea entity

Mar 22 2018

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 approaches NCLT over demerger of Telesonic Network

Mar 21 2018

Airtel along with its wholly owned subsidiary Telesonic Network has approached the NCLT over their scheme of demerger.

'Airtel Truecaller ID' crosses 1mn subscribers mark

Mar 21 2018

Truecaller and Telecom services provider Bharti Airtel announced that the "Airtel Truecaller ID" service now has over one million paying subscribers across India.

Bharti-Airtel receives more than 1.50 million Aircel customers

Mar 16 2018

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.

Samsung Galaxy S9, S9+ now available on Airtel online store

Mar 16 2018

Telecom services provider Bharti Airtel announced the availability of Samsung's latest flagship Galaxy S9 and S9+ smartphones on its online store.

Tata Teleservices to phase out CDMA service in Delhi from Mar 19

Mar 14 2018

Telecom operator Tata Teleservices said it will start closing its CDMA service in Delhi circle from March 19.

Bharti Airtel approves issue of debentures to raise Rs 3,000 cr

Mar 14 2018

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.

Sensex cautious on weak global cues; TCS cracks 5%

Mar 13 2018

The 30-share barometer rose 44.58 points, or 0.13 per cent, to 33,962.52 in early session.

Airtel shares climb nearly 5% on fund raising plans

Mar 12 2018

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.

Sensex zooms the most in 2 yrs, Nifty above 10,400

Mar 12 2018

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.

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Stocks In News



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

Mint Reports


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

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