Telecom major Bharti Airtel chief Sunil Mittal has thanked partner SingTel for standing by it in the $10.7-billion takeover of Kuwaiti telecom giant Zain's African business.
It also asked why the data shared pertained to a period from April 2019 even though the scheme for anonymous political funding was introduced in 2017.
From steel tycoon Lakshmi Mittal to billionaire Sunil Bharti Mittal's Airtel, Anil Agarwal's Vedanta, ITC, Mahindra and Mahindra, and a lesser-known Future Gaming and Hotel Services were among the prominent buyers of the now-scrapped electoral bonds for making political donations.
Facebook has launched an 'internet.Org' initiative
UK telecom giant Vodafone has offloaded its 5.6 per cent direct stake in India's mobile leader Bharti Airtel to promoter Sunil Mittal's group for $1.6 billion, coinciding its acquisition of controlling stake in Hutch-Essar.
Sunil Mittal-owned Bharti Group has formed a consortium with Changi Airport of Singapore (a 50:50 joint venture) to bid for the development and management of Delhi and Mumbai airports.
Bharti Group offering mobile services under AirTel brand has become the first private telecom conglomerate to complete nationwide network in all 23 circles at an investment of Rs 15,000 crore (Rs 150 billion) till now.
As part of a plan to refinance debt and expand its upcoming constellation of satellites, French satellite major Eutelsat Communications will raise euro 1.35 billion, or $1.55 billion, through a reserved capital increase and a rights issue, the company announced on Friday. Bharti Enterprises' space venture, Bharti Space Ltd, will invest euro 31.4 million, or $36 million, in the capital raise.
Ambani and Adani account for a fifth of the net worth of all billionaire promoters in the country and half the combined net worth of the top 10.
While Indian telecom czar Sunil Mittal's Bharti did not share deal details, UK Business Secretary Alok Sharma said his government and Bharti Global, will provide $500 million each.
The Kota district administration has released new guidelines for coaching centers and hostels under the 'Kota Cares' Campaign to reduce the cost of living for students preparing for competitive exams. The new guidelines include the elimination of security and caution money, a maintenance fee of Rs 2,000, anti-suicide ceiling fans, and mandatory gatekeeper training for hostel staff. The campaign aims to attract more students to Kota after a sharp decline in enrollment due to the pandemic.
Bharti Global, the international investment arm of Bharti Enterprises, has decided to buy 24.5 per cent equity in BT Group - a move that will make the Indian conglomerate the biggest shareholder in the UK's second-largest telecom company both in terms of market value and subscriber count. The shares are being purchased from billionaire Patrick Drahi's Altice UK through a combination of cash and debt .
Bharti Global and UK government-led OneWeb on Friday announced the launch of 36 communications satellites and said it aims to offer high-speed internet from its constellation of satellites in India by mid-2022. The recommencement of satellite launches by OneWeb comes within weeks of billionaire Sunil Bharti Mittal-run Bharti Group along with the British government taking over as the new owners of the broadband satellite communications company, which emerged from bankruptcy. The Low Earth Orbit (LEO) broadband satellite communications company on Friday launched the 36 satellites from a Soyuz launch vehicle, which began from the Vostochny Cosmodrome, in Russia.
Sunil Mittal-controlled Bharti group on Monday said that it would not participate in the airport modernisation project at Delhi.\n
The collective wealth of the 100 richest went past $1 trillion for the first time.
Bharti will have to deal with 15 different regulatory regimes in Africa as opposed to just one in India.
They have lost more than $13 billion from their combined wealth, but still the two Ambani brothers have moved higher on Forbes' latest list of the world's ten richest CEOs, while Sunil Mittal has joined the league and Lakshmi Mittal has slipped two places.
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.
Tech billionaire Elon Musk thanked Telecom Minister Jyotiraditya Scindia for not agreeing with Indian tycoons Mukesh Ambani and Sunil Bharti Mittal on auctioning spectrum for satellite services, saying he is looking forward to serving Indians. Reacting to Scindia's statement that satellite spectrum will not be auctioned, Musk, in a post on X, said, "much appreciated! We will do our best to serve the people of India with Starlink".
Sunil Bharti Mittal promoted Bharti group is planning to list in the US market to access capital and expand visibility overseas.
Sunil Mittal-promoted Bharti Teletech has been presented the Electronics and Computer Software Export Promotion Council award for achieving the highest exports in telecommunications equipment during 2001-02.
Industry is of the view that rising interest rates is increasing the input cost as loans are getting costlier.
While Bharti's retail stores will be fully Indian, they will be able to take advantage of the tremendously low prices and technology advantages that Wal-Mart will bring to Mittal-Mart's sourcing.
Without assigning any reason, Justice Dave, who was part of the bench headed by Chief Justice Altamas Kabir, opted out of hearing the pleas of Mittal and Ruia challenging the summons issued to them in the case.
Bharti will invest an additional $500 million (over Rs 3,700 crore) into OneWeb, to become the largest shareholder in the satellite communications company that billionaire Sunil Mittal-run Bharti Group along with the UK government had rescued from bankruptcy last year. The investment is a result of exercise of a 'call option' by Bharti. On completion of the transaction and with Eutelsat's $550 million investment, Bharti will hold 38.6 per cent. The UK government, Eutelsat and SoftBank will each own 19.3 per cent, OneWeb said in a statement.
India's 140 million mobile subscribers make missed calls to convey a pre-agreed message.
Bharti Enterprises, the holding company of Bharti Airtel and other businesses such as insurance and retail is aiming to achieve $10 billion revenue by 2010 and become a strong conglomerate a decade later, its chairman Sunil Mittal said on Monday.
Bharti Airtel boss Sunil Mittal already heads the Confederation of Indian Industry (CII). Former BPL Mobile boss Rajeev Chandrasekhar is slated to take over as Federation of Indian Chambers of Commerce and Industry (Ficci) president.
In his first public appearance after talks were called off on September 30, Mittal, who is CMD of Bharti Airtel said, "No further talks with MTN and the current round is over."
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.
Indian CEOs are increasingly finding representation on some of the world's most influential policy bodies.
Sunil Mittal opined that all new GSM players will lose out in 3 years and Vodafone almost echoed this view.
Earlier this week Vodafone CEO Vittorio Colao had said, 'one day we will discuss (Vodafone and Bharti Group) what to do with the stake. To have a discussion on any issue we need to have both the partners.' In 2005, Vodafone had bought a 10 per cent stake in Bharti Tele-Ventures Ltd (BTVL) for Rs 6,700 crore (Rs 67 billion).
While Forbes magazine's India Rich List remains dominated by individual business leaders, those making the mark along with their family members are also quite a few and also include three in the top 10 -- Hinduja Brothers (6th place), Adi Godrej & family (8th position) and Sunil Mittal & family (10th).
India's biggest telecom players, Bharti Airtel and Reliance Industries-backed Jio Platforms, will soon bring billionaire Elon Musk-led SpaceX's Starlink satellite services to India. According to analysts, the move could boost India's tele density, especially in the rural areas, and may be an opportunity for investors to add the two stocks on dips for long-term gains
Mukesh Ambani, Chairman of Reliance Industries Ltd, has won this year's prestigious World Communication Award as the world's most influential person in telecommunications in 2004, said a company release.
The Indian industry stands staunchly opposed to job reservations in the private sector, Bharti Group promoter and Confederation of Indian Industry vice-president Sunil Mittal has said as he vowed to fight the move at every fora.
