Anil Ambani group company Reliance Communications on Monday announced entering into an exclusive negotiations with South Africa's telecom giant MTN to discuss potential combination of their businesses.
Bharti Airtel Chairman Sunil Mittal's bid for telecom major MTN Group has to contend with some tough negotiations with Lebanon's former prime minister Najib Mikati, one of the wealthiest men in his country, as well as stiff black economic empowerment policies in South Africa that provide for a major share in the management of companies located in the country to blacks.
RBI's exercise will take into account standards of governance, the viability of the payment bank (PB) business model, and changes, if any, if needed.
Prasar Bharti's ambitious project to provide television coverage to remote areas via direct-to-home service is expected to begin only by March next year since the earth stations needed for the purpose would be ready on by that time.
Chief Minister Arvind Kejriwal on Wednesday faced mounting demands for the removal of controversial Law Minister Somnath Bharti after an African woman identified him as allegedly heading a group of assaulters in a mid-night raid.
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.
When, recently, Bharti Airtel announced a Rs 21,000 crore rights issue, analysts pointed out that its structure was similar to that of Reliance's issue in June 2020. One similarity is that shareholders in both companies have to pay only 25 per cent of the money on application. The rest is to be paid in two tranches. In Bharti Airtel's case, it is within 36 months; in Reliance Jio's, it is within 17 months.
The home department of Delhi government notified Lt Governor Najeeb Jung's sanction to prosecute the MLA for his alleged involvement in the raid in Khirki Extension area in January, 2014 when he was the law minister in the AAP government.
'YamaTough', the activist behind the 'Lords of Dharmaraja' hackers group, told Infosec Island, an information security Web site, 'Our goal is Bharti Mittal go off political arena and stop manipulating our government.'
Bharti Airtel, India's leading private telecom service provider, is keen to acquire a player similar in size to South African giant MTN in the emerging markets to become a global brand, said Akhil Gupta, deputy group CEO and managing director of Bharti Enterprises.
Bharti Airtel, India's leading private telecom service provider, is keen to acquire a player similar in size to South African giant MTN in the emerging markets to become a global brand, said Akhil Gupta, deputy group CEO and managing director of Bharti Enterprises.
Jodhiram Dhurve said he will never be able to forget the accident as he has lost 10 members of his family.
The retailer has registered a new company called 'Wal-Mart India Private Ltd' in the country, according to the data available with the Ministry of Corporate Affairs.
The Board of Control for Cricket in India will choose between Bharti Airtel and Sahara Group on Monday as the new team sponsor, as both are the only firms left in the fray at the end of the deadline for submitting the bids for rights along with the requisite security deposit.
Micky Jagtiani, owner of Landmark, the unlisted Dubai-based retail chain, has entered the list of 10 richest Indians compiled by Bloomberg.
GSM operators lobby COAI has already challenged the norms announced by Department of Telecom on October 19, which include allowing dual technology for mobile services and enhanced subscriber-linked criteria for spectrum allocation. In view of protests by GSM operators, the Centre had asked Telecom Engineering Centre, the technical wing of DoT, to study the norms as suggested by the Telecom Regulatory Authority of India.
It is believed that apart from Bharti Airtel and Bharti Infratel, there are four players that have made a bid.
The CBI, in its letter, said the matter was 'analysed' by the agency and it 'revealed violations of RBI guidelines and FEMA regulations'.
Its total income, as per Indian GAAP, for Q1FY08 surged 54% to Rs 5,873.52 crore (Rs 58.735 billion) from Rs 3,815.49 crore (Rs 38.154 billion) in Q1FY07.
Sunil Mittal opined that all new GSM players will lose out in 3 years and Vodafone almost echoed this view.
Bharti Tele Tech Ltd, India s largest manufacturer of fixed line phones and a flagship company of Airtel group, on Thursday announced an investment of $1 million (over Rs four crore) to enhance its manufacturing capacity.
Following the foray of Essel and Essar groups into the online lottery segment, another leading conglomerate Forbes Group on Friday said it will enter the segment and launch its product 'DhanDhanaDhan' next month.
The government should lower the interest rates in the long term to increase supply as a move to check inflation, which touched a three year high of 7 per cent last week, Bharti Group chairman and managing director Sunil Bharti Mittal said.
The RBI has also referred alleged violation of the Foreign Exchange Management Act to the Directorate of Enforcement for investigation in regard to both Bharti Wal-Mart and e-commerce venture Flipkart Online Services.
Telecom major Bharti Group, hotelier Lalit Suri and Kolkata-based Peerless are among the companies which have proposed investments of Rs 1,000 crore (Rs 10 billion) in Jammu and Kashmir under the ambit of industry body FICCI.
Easily the biggest high-power gathering and by far the starriest event staged in Gujarat, concluded at the Reliance petro township in Jamnagar on Sunday.
GE Money India said on Monday it is talking to big retailers including Bharti-Wal-Mart and Reliance for offering credit programmes such as the private label credit card it has provided to Tata Group.
Rajya Sabha MP Kapil Sibal on Friday described the electoral bonds scheme as a 'very big scam' and demanded that a special investigation team (SIT) be set up with court-appointed officials to probe the alleged quid pro quo and wrongdoings under it.
After Reliance Industries, Tata, Bharti and the AV Birla group, the Hero group is all set to enter the Indian retail sector.
The Union Cabinet in its decision of November 24, which has since been put on hold, permitted 51 per cent FDI in the multi-brand retail, well above expectations of the Walmart and its Indian joint venture partner -- Bharti Group.
In August 2021, Nick Read, chief executive of Vodafone Plc at the time, did not mince his words while speaking about the India business in an earnings call. Replying to an analyst's question on Vodafone Idea, a venture with the Aditya Birla Group that had piled on huge debts and worrisome losses, Read described it as a highly stressed situation that "they (Vodafone Idea) are trying to navigate... "We, as a group, try to provide them as much practical support as we can, but I want to make it very clear, we are not putting any additional equity into India.''
Bharti Tele flagged off trading on Friday with a solid spurt as the GoM on Thursday recommended an increase in FDI for the telecom sector to 74%, just ahead of the Union Budget.
AGR dues calculated by the government for 16 entities add up to Rs 1.69 lakh crore, while telcos' self-assessment place their dues at a mere Rs 37,176 crore.
The marathon polling process to elect the 18th Lok Sabha ended on Saturday with the seventh phase of elections witnessing an approximate voter turnout of 62.36 per cent, amid clashes between Trinamool Congress and Bharatiya Janata Party supporters in Sandeshkhali and some other parts of West Bengal.
India's 42 million mobile phone subscribers would swell to 100 million in next two years with the growth mainly coming from non-urban and non-metro circles, Bharti group CMD Sunil Mittal said on Friday.
Delhi Chief Minister Arvind Kejriwal has issued directions from the Enforcement Directorate custody to ensure that medicines and tests are available to people at all government hospitals and Mohalla Clinics, Health Minister Saurabh Bharadwaj said on Tuesday.
Billionaire Mukesh Ambani's Reliance Industries Ltd climbed eight spots to the 45th rank, the highest for an Indian company on Forbes' latest Global 2000 list of public companies worldwide.
India's retail giants, including Kishore Biyani's Future Group, Mukesh Ambani's Reliance Retail and Sunil Mittal-promoted Bharti group, have started negotiations with the railways for leasing land for retail development.
Big TV, the Reliance Anil Dhirubhai Amabni Group's soon-to-be-launched direct-to-home venture, has bagged the official DTH partnership for the Indian Premier League, the Board of Control for Cricket in India's Twenty20 cricket tournament, for a bid of $31.16 million (about Rs 137 crore) for the next four years.
