Indian telecom companies are scouting for acquisitions worldwide as part of an ambitious attempt to establish a global footprint. Moreover, the growth momentum needs to be maintained amid the falling average revenue per user (ARPUs) and expected saturation in the domestic subscriber base.
Bharti hopes to make Airtel the country's most-admired brand by 2010. Has it done enough to rise above the clutter?
As Reliance Communications (RCom) is struggling to sew up a deal with South African telecom major MTN, another Indian telecom service provider Tata Communications is all set to get a majority stake in South African telecom firm Neotel.
In what could be a prelude to Reliance Anil Dhirubhai Ambani Group claiming damages against Mukesh Ambani-controlled Reliance Industries for allegedly derailing the merger talks with South Africa's MTN group
As is common practice of key parties associated with high-profile M&A deals being referred to by code names, this time around, Reliance has reportedly become 'Rome', MTN is 'Madrid' and Ambani is 'Apollo'.
Billionaire Sunil Mittal, arguably India 's most successful telecom entrepreneur, may be on the verge of starting another revolution in the country's corporate world. Mr Mittal, who has built his mobile operator Bharti Airtel from a bit player into a $40bn company in less than a decade, is now pondering a deal that could leave him holding a much smaller share in the group but turn it into a global player.
The Anil Ambani group on Friday asked market regulator SEBI to probe hammering down of shares of Reliance Communications and other companies by rivals and charged RIL with attempting to derail ongoing talks for a deal with South African telecom giant MTN.
India's largest power generation company National Thermal Power Corporation on Tuesday embarked upon a major overseas fund raising exercise and decided to establish medium term note programme of $1 billion.
This year's Tour de France had been advertised as an exciting battle royale between four great riders yet it panned out as an underwhelming contest as Chris Froome's rivals failed to live up to expectations.
The fast bowler claimed 4 wickets for 13 runs as South Africa beat India by 157 runs in the second ODI.
The best action from the Tour de France
British journeyman Stephen Cummings earned South African team MTN-Qhubeka a landmark victory on Mandela Day when he spoiled a French party to take a surprise win in the 14th stage of the Tour de France on Saturday.
Airtel already offers services in Sri Lanka, Bangladesh and 17 African countries apart from India.
Alexis Vuillermoz earned the French their first victory on this year's Tour de France, his final kick proving too hot to handle for the big guns in the eighth stage on Saturday.
Tour de France leader Tony Martin abandoned the race on Thursday after breaking his collarbone.
'While investors in Reliance have had to play a game of patience for long stretches, for Anil the challenge is to do what used to be his brother's forte -- generating cash by putting assets in the ground and making things,' says T N Ninan.
Bharti'suarterly revenue run rate continues to be hover around the $1.2 billion mar
Sensex remained volatile through the day.
Alberto Contador will cement his status as the best grand tour rider of the modern era if he emerges as the winner of the Big Four's battle royale at the Tour de France -- the most highly anticipated race in decades.
Some investment bankers expect the Indian currency to touch 60-65 by the end of the year
The broader markets are outperforming the benchmark indices.
The company will wait for sizeable user base for better valuation.
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