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Bharti Proposes To Acquire JV Partner AXA's 49% Stake In Bharti AXA Life Insurance

Bharti Group on Wednesday said it has entered into a binding agreement with its joint venture partner AXA to acquire its 49 per cent stake in Bharti AXA Life Insurance. Post transaction, Bharti Life Ventures Private Limited (BLVPL), the holding company ...

Tata and Bharti to Combine Consumer Telecom Business

Bharti Airtel Limited, India's largest telecommunications services provider and Tata, have announced that they have entered into an understanding (Agreement) to merge Consumer Mobile Businesses (CMB) of Tata Teleservices Ltd (TTSL) and Tata Tele Maharashtra (TTML) into Bharti Airtel. Over 40 ...

Idea Shares Drop 4% On Plans To Spend $1.3 Bn To Buy Spectrum

Idea Shares dropped almost 4 per cent in trade after reports that the company may spend as much as 4 per cent in the upcoming auctions. According to reports in the Economic Times, Idea Cellular may splurge a whopping $1.3 ...

Sensex Trades Flat; Reliance Drops Post Results

Benchmark indices dropped in trade, even as Asian markets were trading lower, as global cues remained weak. The Sensex was trading with losses of 3 points, while the Nifty was down 1 point in trade. Leading the set of losers ...

Sensex Ends Higher; Reliance Leads Gainers On Good Q2 Performance

Benchmark indices ended the day sharply higher led by solid gains in Reliance Industries, which reported good quarterly numbers. The Sensex ended the day with gains of 160 points, while the Nifty closed the day with gains of 37 points. Leading ...

Sensex Ends Flat Ahead of Infosys Results, Parliament Session

Benchmark indices ended the day flat as markets awaited the monsoon session of parliament to kick-start and also the results of Infosys to be announced later on Tuesday. The Sensex ended the day with losses of 43 points, while the Nifty ...

Telecom Shares Rise On Hopes Of Spectrum Sharing Guidelines

Shares in telecom companies rose sharply after reports that the government would take up the issue in June. Bharti Airtel surged a huge 3.3 per cent and the stock was last trading at Rs 408. Idea Cellular was up almost ...

Nifty End Lower For 6th Straight Day; ICICI Bank Gains

It was a sixth straight day of losses for the Nifty despite a recovery in banking stocks providing little help. The Sensex ended the day with losses of 49 points, while the Nifty lost 12 points in trade. Leading the ...

Sensex, Nifty open higher; Banking stocks rally

The Sensex and the Nifty opened the day higher with banking stocks leading the rally in trade. The Sensex was trading higher by 146 points, while the Nifty rallied 40 points in trade. ICICI Bank gained more than one per ...

Bharti, Walmart call off India JV; to independently pursue retail business

NEW DELHI: Ending speculations over future of their partnership, Bharti Enterprises and Wal-Mart Stores, Inc. said today they are going separate ways for operations in the Indian retail sector. Subsequently, the US retail major will buy out the Indian partner from ...

Rcom shares drop as Reliance Jio signs deal with Bharti

Shares in Reliance Communications (RCom) fell today as Bharti Airtel inked a deal with Reliance Jio for use of Bharti Airtel's submarine cable network to provide data connectivity across Asia Pacific. RCom fell more then 4 per cent following ...

Telecom stocks lower on EGoMs one-time license fee

Stocks of telcom companies were trading lower on Tuesday after the Empowered Group of Ministers (EGoM) decided that all GSM operators with more than 4.4 megahertz (Mhz) spectrum will have to pay a one-time fee. This will be for the remaining ...

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