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
As the WEF summit draws to a close on Saturday, a few big names from India including Mukesh Ambani and Anand Mahindra were missing in action while Pakistan Prime Minister Nawaz Sharif and Jordan's King Abdullah II were among global leaders who cancelled their trips at the last moment.
The deal between Bharti group and Tata Teleservices is yet another example of how swiftly things can change in business.
Airtel rolls out fourth-generation (4G) data service across 296 cities.
The Jio-Bharti battle will not just be limited to mobile telephony but will extend to the fibre to home space too.
Bharti Airtel is the largest mobile phone operator in the country.
Bharti Retail on Friday announced appointments of former head of Walmart India Raj Jain as its CEO and Pankaj Madan, another senior executive of erstwhile joint venture Bharti Walmart, as Chief Financial Officer.
The decision of the Telecom Commission to approve in-flight connectivity won't just bring cheer to the chat-friendly passengers, but even more to the telecom industry facing severe financial stress, says Nivedita Mookerji.
The retailer has registered a new company called 'Wal-Mart India Private Ltd' in the country.
If Sachin Bansal sells his stake at a little over 5 per cent and steps down from Flipkart, as reports have suggested recently, either Binny Bansal or Kalyan Krishnamurthy, CEO of Flipkart, could be an option for the leadership position.
A leading Brazilian poultry company has also expressed keen interest in joining hands with Kishore Biyani's Future Group to sell their products in the country
British Prime Minister Theresa May will be in India tomorrow, but Cyrus Mistry will no longer head the Indo-UK CEO forum.
US retail major is in talks with Flipkart, Snapdeal, ShopClues and Grofers for partnership.
Deciding to focus on the cash-and-carry segment in India, retail giant Wal-Mart plans to open 50 wholesale stores in the next four to five years to expand its footprint in the country.
The telecom to look at opportunities to acquire another firm in India.
SoftBank's investments in the past two years include $627 million in online-retailing marketplace Snapdeal and leading a $210 million funding round in taxi-hailing app Ola Cabs.
Bentonville-based Walmart has also raised apprehensions about the ongoing probe by investigating agency Enforcement Directorate, said an internal note of the Department of Industrial Policy and Promotion.
Tatas, Adani, Bharti, HDFC and Sun Groups have clocked huge gains.
Airtel acquired African telecom operator Zain in 2010 for $10.7 billion.
Telecom Regulatory Authority of India, on October 15, gave its recommendation on spectrum auction for premium 900 Mhz band and 1800 Mhz band that are presently being used for 2G GSM mobile services by Airtel, Vodafone, Idea Cellular and Reliance Communications.
Corporate India tempered its victory celebrations for the supposedly business-friendly Narendra Modi-led National Democratic Alliance's landslide electoral victory by highlighting the need for immediate steps to create jobs through inclusive economic growth.
Inflation is down, growth is headed for recovery. RIL and subsidiary Jio are on an upswing. However, stressed loans and impending job losses are the dark clouds, says Devangshu Datta.
Performance is considered a major reason why Ravi Shankar Prasad might have had to leave telecom.
The company's search for a partner in India seems to be grounded once again
Decision-making is stretched because of differences in views between ministries.
Industry asked the government to be 'brave and bold' and said that it will rise to the occasion.
Retailers present in India are in talks with Carrefour to buy its assets piecemeal, rather than the whole business.
The two former partners own about 100 such properties; expansion of Best Price, EasyDay stores only after transactions linked to the split are over.
Mukesh Ambani said the Digital India initiative has the potential to transform the lives of 1.2 billion Indians using the power of digital technology.
Within a year of Gopal Vittal becoming the joint MD and CEO of Bharti Airtel's India operations, the company has elevated him as the MD and CEO for Bharti Airtel's operations in India and South Asia.
The Association for Democratic Reforms has stated in its report that 87 percent of the contributions or donations made to political parties in the past eight years were from business houses. The corporate houses contributed Rs 378.89 crore, constituting 87 per cent of the total contribution from known sources of political parties.
The stipulation that new front-end stores will have to be set up will impact M&A in the sector.
Bharti Retail launched its first mall, The Pavilion, in Ludhiana.
It entered India in 2006, with the aim of tapping the promising consumer market.
Bharti will move FIPB soon for increasing Axa's stake to 49%
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Traders were up in arms, fearing huge job loss if Walmart was to enter.
The company received a fresh equity infusion in 2012-13.
4 MNCs among top 10 companies with dividend-earning promoters in FY15.
Before leaving on a 10-day foreign visit starting Monday, Sharma said he would address concerns of foreign retail sector investors and ensure help in setting up stores.
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