Ten of top 15 companies in 1991 were PSUs; now, there are only six. Their revenue share has also fallen from 86% to 45%
Sources estimated the number of employees asked to leave because of downsizing stands at about 100.
'Our clients need business. For business you need workers and so we decided to help'
Sunil Bharti Mittal, chairman and group CEO of Bharti Enterprises and former president of the Confederation of Indian Industry, said on Tuesday that it was time for the United States to change its position towards India vis-a-vis Pakistan.
As the new owner, Airtel will take over Telenor India's spectrum, licences and operations, including its employees and customer base of 44 million.
Funds will be raised via non-cumulative preference shares issued to Tata Sons on rights basis
Kumar Mangalam Birla will be the non-executive chairman and Balesh Sharma the new CEO of the merged entity, which will remain listed.
The judge said the CBI's case became weaker or "forceless" in view of the fact that it did not probe and ruled out the Pakistan angle to the demolition to make the criminal conspiracy charge stand the judicial scrutiny.
Portal to be launched in three months, says Future Group's Kishore Biyani
An 80-member strong Indian delegation from the Confederation of Indian Industry will participate in the World Economic Forum's Annual Meeting in Davos, Switzerland, from 23-27 January 2008.
This effectively means MTN will not talk to other potential bidders while discussions are on with the Reliance Anil Dhirubhai Ambani Group company. MTN had not agreed to a similar exclusivity agreement with Bharti Airtel, with which talks broke down following differences over control of the combined entity.
'This solid verdict would further strengthen his resolve to drive forward the economic agenda to ensure that the fruits of the economic momentum continue to reach the poor, so visible during the last five years.'
Five of the 10 best-paid independent directors belonged to the Tata group, followed by four from Reliance Industries and one from Wipro.
Vodafone Idea's net worth (or shareholders' equity) was down 73 per cent year-on-year to around Rs 17,600 crore at the end of the December 2019 quarter after the company reported a net loss of around Rs 6,400 crore during the quarter. Cumulatively, the company has lost nearly Rs 45,000 crore in the last four quarters, eroding its net worth to its lowest level in three-year. Analysts said a such a low level of net worth, coupled with continuing losses in operations, ruled out the possibility of the company getting fresh loans from lenders to fund its adjusted gross revenue (AGR) dues of Rs 54,000 crore.
This, despite squeeze in start-up funding; $946 mn Bharti Infratel deal is biggest so far this year
On receiving the award at a glittering function, Mittal said: "This is a tremendous honour and I would like to thank the GSM Association for considering me worthy of this award."
"If we are not getting anything then I think it is end of story for Vodafone Idea," Kumar Mangalam Birla said at the HT Leadership Summit when asked about the future of Vodafone Idea in absence of a government relief on payment of Rs 53,038 crore dues.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
If he bets big, billionaire Mukesh Ambani will emerge from this week's airwave auction armed with spectrum that could make his Reliance Industries Ltd a formidable rival to market leaders Bharti Airtel Ltd and Vodafone Group.
For innovation, Bharti Airtel and ICICI Bank are followed by Infosys, TCS and HCL Technologies in the top five. These are followed by Anil Ambani-led Reliance Communications, Wipro, Satyam, M&M and Hindustan Lever (now known as Hindustan Unilever in the order of their rankings.
Corporates are foraying into portfolio management services, with biggies like Reliance Money, Bharti Axa, Tata Capital and others taking the plunge.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
Three stockmarket experts give their best picks for the New Year.
Barkha Singh, chairperson of the Delhi women's commission on Wednesday accused the Aam Aadmi Party government of harassing her for summoning controversial Law Minister Somnath Bharti in connection with the south Delhi raid episode and refused to step down from the post.
The petitioner said the companies were increasing the prices just to earn huge profit. Companies like Bharti Airtel had posted an annual profit of more than 90 per cent, the NGO said.
Market worth has risen to half that of Airtel and double that of RCom.
The clarification comes a day after Vodafone signed a shareholders' agreement with the Essar group.
$100-million Walmart investment of 2010 into Cedar, a group company of Bharti, is being investigated by ED.
The Indian Grand Prix trophy was unveiled at Buddh International Circuit on Friday.
Non-resident Indian businessman C Sivasankaran's Sterling Infotech group is in talks with the Seychelles government to lease an island for 99 years, on which it plans to build an integrated mega township and tourism project.
Business leaders, among others, ask govt to let go of fiscal target, seek stimulus, and direct cash transfer.
Cut-throat competition, high spectrum costs, and frequent flip-flops in government policies have made it difficult for Vodafone to make money in the country.
As the 2019 Lok Sabha election approaches, some rare photographs from the 1996 election campaign, which saw a Bharatiya Janata Party prime minister for the first time in India's history, albeit only for 13 days.
Aligarh mayor from BJP strongly backed an official ban on the movie Aligarh, claiming the movie is a "conspiracy" to defame the city.
Selects Wipro, Collabera as vendors; total IT sourcing from India about $1 billion.
The Panama Paper leaks were originally revealed by the International Consortium of Investigative Journalists on April 4, 2016, following which, the government had set up the MAG to probe the matter.
A grouping of Indian and Indian-origin professionals working with tech giants like Google, Uber, Amazon and Facebook have written an open letter against the new religion-based citizenship law and the planned national register of citizens, terming them as "fascist". The letter by 'TechAgainstFascism' on online publishing platform Medium also urged the leaders to refuse to shut off the Internet at the "government's whim" and to ensure that content moderation is not skewing pro-government.
Tesco and Tatas have reached "a crucial stage in the negotiations, which have advanced considerably over the recent past
Mittal and Ruia did not appear in the Special CBI Court on Monday while one of the accused, Canada-based NRI Asim Ghosh, who was the then Managing Director of accused firm Hutchison Max Telecom Pvt Ltd, is yet to be served with the summons issued against him in the case.
Mittal, Ruia and former Telecom Secretary Shyamal Ghosh appeared before Special CBI Judge O P Saini and the court adjourned the matter in pursuance of the order passed by the Supreme Court on April 18.
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