The latest deal would give Facebook deeper access to India, the second largest internet market after China.
In the past four months, $7.5 billion has flowed back into domestic stocks, helping the benchmark indices bounce back more than 40 per cent from their 2020 lows.
A new board has been constituted for the merged entity 'Vodafone Idea Ltd' with 12 directors (including six independent directors) and Kumar Mangalam Birla as its Chairman. The board has appointed Balesh Sharma as the CEO, the companies said in a joint statement. The combination will have an all-India revenue market share of 32.2 per cent and take the numero uno slot in nine telecom circles, it said adding that both Vodafone and Idea brands will continue.
The stipulation that new front-end stores will have to be set up will impact M&A in the sector.
Getting an assurance from the Apple CEO on manufacturing in India will mean much to the NDA government.
Government to examine whether rules and regulations were adhered to in the Bharti-Wal-Mart retail deal, says Commerce Minister Kamal Nath.
The Hinduja Group, Mukesh Ambani, Murugappa, and the Adani groups were the other gainers in the Modi regime, while Naveen Jindal and Sun Pharma groups saw the most erosion in their m-cap in the last five years, reports Krishna Kant.
Voice calling will be free on Jio phones for life and post December 31, 10 data plans will be offered
Modelled loosely around the National Highway System of the US, he in 2001 launched the Golden Quadrilateral and the North-South & East-West Corridor projects to build 4/6 lane highways between four top metropolitan cities of Delhi, Mumbai, Chennai and Kolkata as well as from Srinagar to Kanyakumari and Porbandar to Silchar.
Bonanza for customers in days of liberalisation.
Feedback from telecom members indicated a 10 per cent increase in traffic, but no fears of choked networks. Telcos currently use 65-70 per cent of the network capacity. In other words, they have enough additional capacity to handle the new pressure without clogging the system.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The US retail giant operates 20 wholesale stores under the brand 'Best Price' in India.
'You can put 25 per cent right now; put another 25 per cent when Nifty corrects another 500 points.' 'At 13,500 put another 25 per cent and at 13,000 one can get fully deployed.'
Investors brace up ahead of the key macrodata- IIP and CPI numbers due to be unveiled tomorrow.
Ambani's $15 bn bet will upend Indian telecom
Other gainers included Kotak Bank, HCL Tech, ONGC, Asian Paints, Vedanta, HDFC Bank, Bajaj Finance, Maruti and TCS, gaining up to 1.41 per cent. Sun Pharma was the top loser, cracking 8.58 per cent.
Three stockmarket experts give their best picks for the New Year.
Infosys, Reliance Industries, TCS, HDFC, HDFC Bank, Maruti, SBI, IndusInd Bank and Kotak Bank led the gains on the Sensex, rising up to 2.53 per cent.
Airtel acquired African telecom operator Zain in 2010 for $10.7 billion.
All major sectors -- real estate, e-commerce, IT, retail and consumer products, healthcare -- saw new all-time highs in value invested.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
The aim of the exercise was to further simplify GST forms and make the filing process more user-friendly, the finance ministry said in a tweet, reports Dilasha Seth.
In the broader market, the BSE Midcap index bucked the trend to gain 0.3%
While Unilever has been aggressive, both organically and inorganically in the country, P&G's approach has been about achieving 'balanced growth' in terms of top line and bottom line.
Many users did not know that their entitlement was not coming to their regular bank account but going to an account which they had not applied for.
While the world's largest retail chain is calling it a promotion, experts said the group may be looking at a new growth strategy for Asia.
Sachin Bansal, who had co-founded Flipkart with Binny Bansal in 2007, would exit the company
The company commands a market valuation of Rs 31,702.37 crore (Rs 317.02 billion).
All costs relating to room, boarding, nursing expenses, medical consultation including telemedicine, consumables such as PPE kits and intensive care unit will be covered under the policy. It will also include the cost of treatment for any other co-morbidities, including pre-existing comorbid conditions along with the treatment for Covid-19.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries:
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.
The debate on net neutrality has turned into another fight between ordinary folks and a large corporation.
The government will initiate fresh action against Walmart if an ongoing 'foreign corrupt practices' probe by US authorities reveals any violation in India by the global retail giant.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Investment in market leaders with a safety-first approach could yield reasonable returns across sectors.
The government is scheduled to release index of industrial growth for November and consumer price inflation for December later today.
