India's largest mobile phone company, Bharti Tele-Ventures Ltd, said on Saturday it had bought Swedish firm Telia A.B.'s 26 per cent stake in one of its local subsidiaries for approximately $59 million.
The Sensex opened marginally higher with a gain of two points at 5,566.
Sunil Mittal also said that the company was in talks with some banks for acquisition of firms in new circles after unified licensing regime comes in place.
The Sensex finally closed with a loss of 171 points (1.9%) at 9,086.
The Theatre-level Readiness and Operational Exercise was conducted to test combat readiness of the combined fleets of the Navy, the Air Force, the Army and the Coast Guard.
Belying perceptions that the cellular industry was incurring heavy losses due to wireless in local loop mobile telephony, Bharti Tele Ventures on Wednesday reported a net profit of Rs 31 crore (Rs 310 million) in the first quarter ended June 2003
Paris security forces will receive reinforcements to protect fan zones during Euro 2016 soccer matches held in the French capital, the city's police force said on Thursday.
There were opportunities in having these people to open bank accounts and use phone banking, said Pitroda.
The BCCI's Anti-Corruption Unit on Thursday said it will launch a probe into an alleged bribery scandal unearthed by a sting operation, which claimed that a member of Indian Premier League chairman Rajeev Shukla's personal staff sought bribes to facilitate selection of players.
The armed forces have rescued over 76,500 people in the flood-ravaged parts of Jammu and Kashmir where around 30,000 troops along with 80 transport aircraft and helicopters including the world's biggest Mi-26T chopper have been deployed for the relief operations.
The Bharti Group is raising $320 million in loans from a clutch of banks, including ABN AMRO and Singapore's DBS Bank, group chairman Sunil Mittal said on Tuesday.\n\n\n\n
Bharti Tele Ventures has reported a 132 per cent increase in consolidated net profit at Rs 1,439.27 crore (Rs 14.39 billion) for the year ended March 31, 2005 as against Rs 619.46 crore (Rs 6.19 billion) for the year ended March 31, 2004.
Despite having an alliance with the TDP, the BJP is considering a post-poll alliance with Jaganmohan Reddy's party. Vicky Nanjappa reports how the saffron party is considering a situation similar to UP where the BSP and SP lent their support to the UPA
The Sensex opened marginally higher at 10,946, and soon surged to a high of 10,998. The index is now up 57 points at the same higher levels.
The Sensex after moving in a range of 10,556 to 10,690, finally ended with a loss of 31 points at 10,595.
The scam, which operated since 2013 through at least half a dozen call centres in Thane, targeted at least 15,000 US-based tax payers, who were allegedly conned by Indian tele-callers.
The Sensex opened a point higher at 5,104. The index slipped into negative zone and is now at 5,077 - down 26 points. The Nifty is at 1,597 - down seven points.
Following yesterday's smart move the Sensex opened with a positive gap of 15 points at 5,248. The index is now at 5,253 - 20 points
'We should not forget the core purpose of the lockdown -- to buy time to implement a strategy to tackle the virus, to prepare for the final lifting of the lockdown and to prepare for a 'new tomorrow',' notes Dr Sanjeeth Peter.
The Prime Minister said India was ready to support the setting up of a Trade Office in New Delhi to promote trade between India and Pacific Island countries.
The Sensex opened seven points higher at 5,305, owing to fresh buying in tech stocks in the early morning deals.
Viom Networks is planning to raise arouns Rs 1500 crore (Rs 15 billion) and is likely to list its shares on the London Stock Exchange (LSE), say sources.
Bulk of these customers use 2G phones and are still focused on voice services and might prove useful for both Bharti Airtel and the Idea-Vodafone combine.
P Murugesan has been sending telegrams for 33 years in rural Tamil Nadu. He remembers hectic marriage seasons, many moons ago, when everyone sent telegrams. And days when even 15 Morse machines could not handle the load...
Some believe the shift to mobile-based transactions will be seamless considering that the urban tele-density is 148%. In rural areas, it is touching 51%. But smartphone penetration in India is a mere 12%. Growth of mobile money has been extremely slow: It is currently 1%.
Sector-wise, oil & gas witnessed monthly growth of 30 per cent in hiring while insurance sector registered an increase of 25 per cent compared to September.
India is one of the fastest-growing countries in the plastic money segment, with close to 350 million debit cards and 19 million credit cards in circulation.
A special court on Thursday acquitted all accused in the 2G spectrum allocation scam cases. The scam relates to the granting of 2G spectrum licence allocations in 2007-08 which caused, according to a report by the Comptroller and Auditor General of India, a loss of Rs 1.76 lakh crore. Here is a detailed timeline of how the case came to light and how it has progressed over the years:
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