In a letter dated November 30, the PMO asked the commerce ministry to prepare a detailed note on the venture, in the anticipation that it would come up for discussion in Parliament.
Unveiling an aggressive expansion plan, telecom major Bharti Tele-Ventures on Monday said it would invest Rs 2,000 crore (Rs 20 billion) during 2004-05 to cover more than 2,300 towns by March next year.
J M Morgan Stanley and UBS Securities have suggested that Reliance Communication Ventures has surpassed Bharti Airtel in terms of average usage but had lower revenue per subscriber.
Bharti and Wal-Mart JV will be critical for the US giant to study the Indian scenario.
The company's consolidated revenue for the quarter was up 48 per cent at Rs 2,517 crore.
Each bottle of pickle that leaves FarmDidi, headed to a consumer, has a little kahani behind it -- it's linked to the tale of a life, the life of a simple, striving village woman who created it, and that's what gives Manjari Sharma satisfaction and happiness.
Kotak Mahindra Bank to have a 19.9% stake in the proposed banking venture.
Ramnik Narsey, the new chief, had joined the retail giant in May 2013.
Sunil Mittal also said that the company was in talks with some banks for acquisition of firms in new circles after unified licensing regime comes in place.
The reported buyback of Temasek's 20 per cent stake in Tata Play by Tata Sons will be the third instance of Tata Group providing an exit to a foreign partner in recent years. In 2018, Tata Sons paid $1.27 billion to DoCoMo to buy back 26 per cent of the group's telecommunication venture, Tata Teleservices. This was followed by Tata Sons acquiring AirAsia Berhad's 49 per cent stake in AirAsia India in two tranches to make it a wholly owned subsidiary.
Belying perceptions that the cellular industry was incurring heavy losses due to wireless in local loop mobile telephony, Bharti Tele Ventures on Wednesday reported a net profit of Rs 31 crore (Rs 310 million) in the first quarter ended June 2003
Bharti Tele Ventures has reported a 132 per cent increase in consolidated net profit at Rs 1,439.27 crore (Rs 14.39 billion) for the year ended March 31, 2005 as against Rs 619.46 crore (Rs 6.19 billion) for the year ended March 31, 2004.
The government believes firms which are subject to China's laws could be forced to hand over information to Beijing's security services.
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.''
Spectrum allocation for satellite services came up as a dominant theme at the launch of 36 communication satellites by OneWeb, a Bharti group venture, here on Sunday. Following the launch, Bharti Enterprises chairman Sunil Mittal, in a conversation with a group of reporters, reiterated that spectrum auction did not make sense in the case of satellite services. "This (satellite services) is not competing with mobile services where you can justify the auction.
While 14 bodies have been recovered, five were still missing, they said.
Shravin Mittal's venture capital firm, Unbound Advisors, has made investments worth over $500 million so far
Tesco and Tatas have reached "a crucial stage in the negotiations, which have advanced considerably over the recent past
On Sunday, at 12.07 am in Sriharikota, off the coast of the Bay of Bengal, it was almost like an early Diwali, with the sky lit up by the launch of 36 OneWeb satellites. The Indian Space Research Organisation (Isro) did the launch on a 43.5-metre-tall Geosynchronous Satellite Launch Vehicle Mark III (GSLV Mk III) rocket. After the countdown, which started 24 hours in advance, once the mega screen marked the launch, a select group of invitees at the gallery cheered by applauding the feat.
It is believed that apart from Bharti Airtel and Bharti Infratel, there are four players that have made a bid.
At a time when the overall narrative is around India being an attractive investment destination, the two American multinationals are more specific in projecting India as their centrepiece.
RIL was among the top gainers in the Sensex pack, jumping over 3 per cent to hit its record closing high. Tech Mahindra, HCL Tech, Bharti Airtel, Infosys, HUL and ITC were also among the prominent gainers.
Unlike many other B-schools, IIM Ahmedabad follows a cluster system of final placements process where sectors are invited in cohorts at regular intervals.
VIL, in which Vodafone holds 45.39 per cent stake, is staring at unpaid statutory dues of Rs 53,038 crore, including Rs 24,729 crore of spectrum dues and Rs 28,309 crore in licence fee, and has already warned of shutdown if no relief is given.
Reliance Industries Ltd buys Bharti stake in Axa joint ventures.
Walmart is getting embroiled in one controversy after the other in India. Political parties in opposition are already rallying against FDI in retail. Can it still manage to launch its retail business successfully in the country?
America's Walmart is likely to be the first overseas chain to enter the $590-billion Indian retail sector, as the the world's biggest retail giant is extending its parternship with Sunil Mittal's Bharti Enterprises.
Together, the top 10 business groups reported a pre-tax loss of Rs 19,342 crore during the January-March 2020 quarter, as against a profit before tax of around Rs 48,500 crore in the year-ago period and Rs 39,600 crore during the December quarter. While Vedanta was the worst hit. others included Aditya Birla, Bharti, Adani, Mahindra, and Tata.
Online play is a priority now -- so far unthinkable in a business that's all about a meaningful interface with kirana stores.
The UK-based casual dining restaurant chain PizzaExpress has kicked off the process of starting its India operation, almost eight months after signing a 50-50 joint venture partnership with Bharti Family Office.
India is today the second-largest telecom market in the world with over a billion customers and close to 600 million Internet users. New connections are available on the tap, calls are virtually free and it's hard to imagine anyone without a mobile phone today. Globally, there would be few parallels to this success story that truly democratised telephony and empowered a billion-plus people, observes Airtel's Sunil Bharti Mittal.
Sources estimated the number of employees asked to leave because of downsizing stands at about 100.
The committee met the representatives of Walmart Asia as well as those of Bharti Walmart Private Ltd, the company's Indian joint venture with Bharti group, along with their counsel in New Delhi.
Here's a list of allegations of corporate governance failure by MNCs in India.
The company has similar pact with Bharti Infratel.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
