The Rs 6,145-crore initial public offer of electric two-wheeler company Ola Electric Mobility got fully subscribed on the second day of bidding on Monday, driven by demand from retail investors and non-institutional investors. The initial share sale received bids for 49,43,63,610 shares against 46,51,59,451 shares on offer, translating into 1.06 times subscription, according to the NSE data.
NTPC, JSW Steel, Tata Motors, Bharti Airtel, Power Grid, Kotak Mahindra Bank and Tech Mahindra were also among the major gainers. Larsen & Toubro, Sun Pharma, Nestle, HDFC Bank and Maruti were among the laggards.
Among the Sensex components, Mahindra & Mahindra, Bharti Airtel, Tech Mahindra, Titan, Infosys, JSW Steel, Bajaj Finserv, HDFC Bank, Larsen & Toubro and Kotak Mahindra Bank were the major gainers. Maruti, State Bank of India, Power Grid, Tata Motors and IndusInd Bank were the laggards.
Raising slogans of 'Inquilab Zindabad' and 'Kejriwal Zindabad', Aam Aadmi Party workers and leaders reached the area's metro station in groups, with the party calling for a march to Prime Minister Narendra Modi's residence on Lok Kalyan Marg for a 'gherao'.
Amit A Shah holds a stake in 180 listed entities, according to data disclosed in his election affidavit.
The market capitalisation of BSE-listed companies hit a record high of Rs 429.32 lakh crore on Wednesday as the BSE benchmark Sensex ended higher amid a largely positive trend in global equities. The 30-share BSE Sensex climbed 149.98 points or 0.20 per cent to settle at 76,606.57. During the day, it jumped 593.94 points or 0.77 per cent to 77,050.53.
After ending its wholesale partnership with Walmart, Bharti Retail has decided to merge with the Future group
Somnath Bharti's estranged wife Lipika on Monday said she was mulling approaching court against the Aam Aadmi Party lawmaker while addressing a press conference, which was interrupted by her mother-in-law who said she was ready to move to an old-age home to keep the couple together.
Bharti Airtelis looking to buy assets in emerging markets - the latest sign that India 's biggest mobile phone operator could broaden its base. One would see Bharti, which has a market value of $44bn, make a partial tender offer for a 51 per cent stake in MTN. This would allow MTN to retain its listing in Johannesburg and reduce the debt Bharti would need to take on to finance a deal.
The ED has now seized the property, agency sources said.
Stung by the Bharatiya Janata Party cold-shouldering him, former Delhi chief minister Madanlal Khurana today joined Uma Bharti's Bharatiya Jan Shakti as its acting president
Seven women, including two in the Cabinet role, have been inducted into the new council of ministers in the 18th Lok Sabha.
Singapore Telecom is believed to have sought the removal of Vodafone representatives from the board of Bharti Airtel, following the British telecom major's bid to acquire a majority stake in Hutchison Essar.
The two former partners own about 100 such properties; expansion of Best Price, EasyDay stores only after transactions linked to the split are over.
Tech and startup industry bodies have again pushed back against calls by telecom operators to bring over-the-top (OTT) services under a licensing regime similar to telcos, and open them up to taxation. Ahead of public consultations on the issue later this week, the Internet & Mobile Association of India (IAMAI), Nasscom and the US India Strategic Partnership Forum (USISPF), among others, have written to the government arguing against such efforts.
Bharti said she would 'embark on a pilgrimage to devote time for Ganga river and Lord Ram by leaving power'.
The Rashtriya Janata Dal, which had suffered decimation in the last general elections, was leading in five seats, out of 23 where it had fielded candidates.
Delhi high court on Thursday protected controversial Aam Aadmi Party MLA Somnath Bharti from arrest by directing the police not to take any coercive steps till pronouncement of judgement on his plea for anticipatory bail in a case of domestic violence lodged by his wife.
Just ahead of its mega FPO opening to public investors, Vodafone Idea (VIL) has announced closure of its anchor book allocation, raising about Rs 5,400 crore from marquee global as well as domestic investors, according to a statutory filing by the telco. This could be the third-largest anchor book after One 97 Communications and Life Insurance Corporation (LIC). One 97 Communications and LIC had raised Rs 8,235 crore and Rs 5,627 crore in the anchor round, respectively.
Mutual funds' largecap investment universe is expected to see seven changes in the upcoming stock reclassification exercise by the Association of Mutual Funds in India (Amfi). According to a report by IIFL Securities, Hero MotoCorp, Zydus Lifesciences, JSW Energy, NHPC, Bharat Heavy Electricals, Bosch and Samvardhana Motherson are expected to earn upgrades in the revised list of largecap, midcap and smallcap stocks set to be released in the first week of July. Amfi revises the list at the start of January and July every year based on the previous six-month performance of the stock.
The Indian equity markets will soon account for over a fifth of a key emerging market (EM) benchmark tracked by funds with assets exceeding $500 billion. This development is expected to funnel as much as $3 billion into the domestic markets. Following the latest review undertaken by global index provider MSCI, India's weighting in the MSCI EM index will surpass 20 per cent for the first time, narrowing its gap with the current top-weighted China to fewer than 400 basis points.
Bharti Group said on Thursday that it will not dilute its share in its telecom arm Bharti Televentures even if the government raises the foreign direct investment limit in the sector.
Amid the ongoing controversy over outsourcing to India, Atlinks has entered into an alliance with Bharti Teletech as part of which the latter would manufacture fixed line phones for Atlinks for global exports.
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.
While the M1 Group, which holds 9.8 per cent in MTN, today backed Bharti's bid, Singapore Telecommunications said it has no objection to the acquisition.
Bharti Airtel, India 's leading mobile operator, said it could "move pretty quickly" if the board of MTN, the South Africa-based telecoms group, puts itself up for sale on Monday.
Arbitrary decisions may have helped Bharti airtel and Idea Cellular get spectrum.
Madhya Pradesh Assembly Speaker Ishwardas Rohani has accepted the resignation of former chief minister Uma Bharti from membership of the Vidhan Sabha.
Govt's revenue estimates may take hit on spectrum sharing, trading deals
Prasar Bharti were restrained from interfering with the telecast of the tri-series cricket in Sri Lanka, the US Open tennis, the hockey World Cup as the exclusive telecast rights are with Ten Sports.
Shares of Avenue Supermarts (DMart) have rallied 15 per cent in the past month, even as the benchmark National Stock Exchange Nifty has remained flat. The stock has garnered favourable commentary from both fundamental and technical analysts after three years of poor performance. "DMart has reached its first 52-week high since October 2021, taking off from solid base formations.
Both Singh and her husband are accused of consuming ganja
Equity benchmark indices Sensex and Nifty closed marginally lower on Friday as investors booked profit in FMCG, IT and healthcare stocks after the BSE Sensex and Nifty hit fresh lifetime highs in intra-day deals. The 30-share BSE Sensex dipped 7.65 points or 0.01 per cent to settle at 75,410.39. During the day, it rallied 218.46 points or 0.28 per cent to hit its all-time intra-day high of 75,636.50.
Bharti Airtel Ltd on Thursday said it is still in talks with South Africa's MTN over a deal which could see a merger of the two telecom giants with a combined revenue of $20 billion. The two companies would be in exclusive talks till July 31.
The raids are underway at three locations, including her residence in Sainik Farm. Misa Bharti and her husband Shailash Kumar are involved in an alleged benami land deals case and were called for questioning by tax officials in June.
January 22, 2024 has passed into history. Scenes from a day of religious fervour in many parts of India.
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On May 24, 2012, Bharti Airtel and Qualcomm announced an agreement under which Bharti had acquired 49 per cent interest in Qualcomm AP's India entities with licences to offer 4G data services in four circles of Delhi, Mumbai, Haryana and Kerala.
Bharti Walmart on Monday denied allegations that it spent money in India to gain market access.
