The deal enables Bharti Airtel to extend its services in 15 countries across the African continent.
Bharti-Walmart, the joint wholesale retail venture between Bharti Enterprises and the world's largest retailer Wal-Mart Stores Inc of the US, unveiled its sustainable agricultural programme at Haider Nagar village, near Malerkotla in Punjab.
Bharti Airtel promoter Bharti Telecom will buy a 3.33 per cent Airtel stake from Singtel for 2.25 billion Singapore dollars or about Rs 12,895 crore in 90 days' time, the telecom operator said on Thursday. Bharti Group chairman Sunil Bharti Mittal's family and Singtel are co-investors in Bharti Telecom (BTL). Singtel in a statement said that after the transaction, Singtel Group is expected to own an effective stake of 29.7 per cent in Bharti Airtel, which is estimated to be worth SGD 22 billion (about Rs 1.26 lakh crore).
We are also trying to bring in modern processes and technologies in the area of supply chain, logistics and cold chain that should ultimately benefit the entire retail ecosystem through better quality, and more choice at better prices, says Bharti.
Telecom operators are not opposed to over-the-top service providers like Skype, Viber, WhatsApp but looking to work in synergy with them, Bharti Enterprises Vice Chairman Akhil Gupta said on Wednesday.
Bharti-Walmart Pvt Ltd, the joint venture between Bharti Enterprises and global retail major Walmart Stores, on Wednesday opened its first agricultural cooperative centre at Sirhind in Punjab.
People given to hyperbole would say that Gopal Vittal's rise at Bharti Airtel has been "meteoric". But in his case, superlatives could perhaps be forgiven. Here's why
Telecom major Bharti Enterprises has announced a 50:50 joint venture between its subsidiary Bharti Teletech and Nasdaq-listed Teletech Holdings, a global player in customer management solutions arena.
Indian football received a shot in the arm on Friday with Bharti Enterprises announcing that it would spend Rs.1 billion to improve the sport at the grassroots level. The plan includes opening a world-class academy.
SoftBank will hold majority stake in the joint venture.
Retail giant Walmart and Bharti have decided to part ways.
Bharti Telesoft, a supplier of value added services platforms to wireline and wireless carriers, has been ranked as one of the country's fast growing 50 technology companies by Deloitte Technology.
The Bharti group, which has just acquired a majority stake in the Bangladeshi mobile operator Warid Telecom, is on the lookout to acquire government-owned telcos in developing markets like Africa which are up for divestment.
As against the 2007 target of 10-15 stores in seven years, it is planning to touch around 25 cash and carry outlets in India by the end of 2012.
The Reliance Industries' digital services company Jio Platforms Limited has signed an agreement with SpaceX to offer Starlink's broadband internet services to its customers in India, the company said on Wednesday. The agreement is subject to SpaceX receiving authorisation to sell Starlink in India. The development came a day after Jio's rival Bharti Airtel signed a similar pact with SpaceX.
In its comment on the industry department's discussion paper on foreign direct investment in multi-brand retail, the joint venture between Bharti Enterprises and Walmart, said though 100 per cent FDI should be allowed in the sector, it would endorse a calibrated opening.
The auction concluded on Wednesday generating a revenue of Rs 67,710 crore.
Once the deal is through, Bharti Airtel would be the seventh largest telecom company in the world, with a subscriber base of 171 million.
Bharti Wal-Mart, a joint venture between Bharti Enterprises and US-based retail giant Wal-Mart stores, on Friday said it will commence its wholesale cash and carry operations by early next year from the northern region.
In October, Wal-Mart called off its six-year-old partnership with Bharti Enterprises and decided to operate wholesale stores independently in India.
Bharti Retail has started offering facility to pay shopping bills through mobile phones
Bharti Group on Monday offloaded 10 per cent of its stake in Bharti Telesoft to a group of investors led by Westbridge Capital for $13.5 million.
The two JV partners have undertaken an empowerment initiative for Indian women entrepreneurs, having set a target of impacting the lives of 25,000 women by 2016. They have also said they will substantially increase sourcing from women-owned businesses in India.
Jefferies has identified 11 stocks set to benefit from long-term macro trends like capital expenditures, government manufacturing initiatives, and financialisation.
The stake, which is valued at Rs 8,200 crore at the company's current market capitalisation, will be sold by one of the group companies of Bharti Enterprises.
While Indian telecom czar Sunil Mittal's Bharti did not share deal details, UK Business Secretary Alok Sharma said his government and Bharti Global, will provide $500 million each.
Tesco has admitted that its plan to be the first multinational supermarket retailer in India has unravelled.
Reliance Retail and Bharti Enterprises are understood to be in talks to buy India assets of the world's second largest retailer Carrefour that has decided to exit the country by closing its five stores.
Bharti Enterprises, the holding company of Bharti Airtel and other businesses such as insurance and retail is aiming to achieve $10 billion revenue by 2010 and become a strong conglomerate a decade later, its chairman Sunil Mittal said on Monday.
The company launched its first store in Amritsar in May, 2009.
Leading Indian corporates Reliance, Bharti and Videocon along with seven other consortiums entered the race for the modernisation of Delhi and Mumbai airports, bids for which closed on Tuesday.
Bharti Enterprises and US-based Wal-Mart Stores entered into a joint venture in August 2007 and started cash-and-carry stores named 'BestPrice Modern Wholesale' last year.
World's largest insurer AXA on Wednesday tied up with India's leading telecom company Bharti Enterprises for entering the life insurance business in India.
January 22, 2024 has passed into history. Scenes from a day of religious fervour in many parts of India.
Bharti Airtel is expected to see its highest revenue growth, and subscriber addition during the third quarter (October-December) of FY25 among telcos, said analysts. The telco's top line in Q3 may see the fastest sequential growth at 5 per cent compared to 3 per cent for Reliance Jio and Vodafone Idea (Vi). Airtel's annual mobile revenue growth would rise to 16 per cent, IIFL Capital said in an analyst note.
Bharti Enterprises on Tuesday said it expected to start its life insurance venture with French major Axa by June end.
Bharti Group, which has joined hands with industry leader Wal-Mart for a foray into
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