Equity benchmark sensex jumped 248 points to end at a fresh life-time high on Tuesday, tracking gains in index heavyweights Reliance Industries, HDFC Bank and Bharti Airtel amid positive global cues and persistent FPI inflows. After touching an all-time high of 49,569.14 during the day, the 30-share BSE index ended 247.79 points or 0.50 per … Continue reading Sensex jumps 248 points to end at new peak
Bharti Airtel | azlyrics.org.uk
Telecom operator Bharti Airtel on Tuesday reported substantial narrowing of losses for the second quarter ended September 2020 at Rs 763 crore. The losses were significantly lower than Q2FY20, when it stood at Rs 23,045 crore, after the company had made provisions of Rs 28,450 crore in the immediate aftermath of the Supreme Court ruling … Continue reading Bharti Airtel losses narrow to Rs 763cr in Q2
Bharti Airtel on Wednesday announced a multi-year strategic collaboration agreement (SCA) with Amazon Web Services (AWS) — the cloud services arm of the retail giant — to deliver cloud solutions to large enterprise and small and medium enterprise (SME) customers in India.
Amazon.com is in early-stage talks to buy a stake worth at least $2 billion in Indian mobile operator Bharti Airtel, underscoring the growing attraction of India’s digital economy for US tech giants. The planned investment, if completed, would mean Amazon acquiring a roughly 5% stake based on the current market value of Bharti.
Bharti Telecom, the Indian promoter of telco major Bharti Airtel, is set to sell a stake of up to 2.75% in the mobile services provider through block deals on Tuesday to raise $1 billion, or nearly Rs 7,600 crore. Currently, Bharti Telecom has a 38.8% stake in the telco, while Singtel, the foreign promoter, has … Continue reading Bharti to sell 2.75% stake in Airtel for $1bn
Shares of Bharti Airtel on Tuesday zoomed over 11 per cent after the company reported a consolidated revenue of Rs 23,722.7 crore during the reported quarter on broad-based strength, with all segments registering healthy underlying growth.
Telecom gear maker Nokia has bagged around Rs 7,500-crore deal from Bharti Airtel to deploy 4G network solution across nine circles, that will help boost network capacity and customer experience.
A week before Supreme Court-mandated deadline for payment of past dues ends, Bharti Airtel chairman Sunil Mittal on Wednesday said that the company has paid Rs 13,000 crore to the government to clear all its dues as per its self-assessment.
Vodafone Idea, Bharti Airtel and Reliance Jio on Tuesday paid cumulative over Rs 6,000 crore to the government towards deferred spectrum dues while Tatas said it has deposited another Rs 2,000 crore for ad hoc statutory liabilities.
Telecom operator Bharti Airtel on Saturday said that it has made additional payment of Rs 8,004 crore towards adjusted gross revenue (AGR) dues to the department of telecom (DoT). The payment of Rs 8,004 crore is in addition to Rs 10,000 crore the company paid on February 17, 2020 in compliance to the Supreme Court … Continue reading AGR dues: Bharti Airtel pays additional Rs 8,004cr
The department of telecom (DoT) on Friday ordered Bharti Airtel, Vodafone Idea and others to pay their AGR (adjusted gross revenue) dues by 11:59 pm Friday. The order comes just hours after the SC issued notice to the companies and their directors to explain why contempt proceedings shouldn’t be initiated against them for not paying … Continue reading DoT orders telecom companies to clear dues by midnight
The Directorate General of Foreign Trade (DGFT), which is under the ministry, has put the company under this list which is commonly known as blacklist for non-fulfilment of export obligation in respect of certain EPCG authorisation issued to them, they said.
On a day when the Supreme Court-mandated deadline for Bharti Airtel and Vodafone Idea to pay Rs 88,624 crore in past dues ended, the department of telecommunications (DoT) on Thursday decided not to take coercive action against defaulters during pendency of their appeals in the apex court for relaxations in the order.
The department of telecom has approved raising of foreign direct investment in Bharti Airtel to 100% from existing 49%, a move that is expected to give flexibility to the loss making company in raising foreign funds. The company also has received an approval from the RBI that allows foreign investors to hold up to 74% … Continue reading Government clears 100% FDI in Bharti Airtel
The department of telecom (DoT) has approved raising of foreign direct investment in Bharti Airtel to 100 per cent from 49 per cent allowed earlier, a stock exchange filing of the company said on Tuesday. The company also has the approval of the Reserve Bank of India that allowed foreign investors to hold up to … Continue reading Govt approves up to 100% FDI in Bharti Airtel
The Supreme Court on Tuesday agreed to list next week fresh pleas of telecom firms, including Bharti Airtel, Vodafone Idea and Tata Teleservices, seeking a new schedule of payment of statutory dues to the tune of Rs 1.47 lakh crore to the department of telecommunications.
Vodafone Idea, Tata Teleservices and Bharti Airtel have filed an application in the Supreme Court seeking modification of its earlier order and permit them to negotiate the payment schedule with the department of telecommunications (DoT).
The Supreme Court on Thursday dismissed review petitions of top telecom firms including Bharti Airtel and Vodafone Idea seeking review of its order asking them to pay Rs 1.47 lakh cr in past statutory dues by Jan 23. Bharti Airtel, in its plea, had sought review of the directions on aspects of levy of interest, … Continue reading ‘Pay Rs 1.47L cr’: No SC relief for telcos on dues