The stake, which is valued at Rs 8,200 crore at the company's current market capitalisation, will be sold by one of the group companies of Bharti Enterprises.
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Reliance, Birla Group, Airtel eye small finance banks.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Given the escalating cost of doing business, the revenue opportunity is decreasing and consolidation is an inevitable part of the industry.
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'MFs acted as reckless lenders and not as prudent investors.' 'Clearly, how debt funds are being run is a systemic issue,' warns Debashis Basu.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Investor lobbies and tax lawyers estimate the bill for international funds and banks could be as high as $8 billion
Half a dozen names are doing the rounds as replacement for Cyrus Mistry as the chairman of the Tata Group.
This is the last lot of payments that telcos will make towards deferred spectrum liabilities, as the Union Cabinet had late last year approved a two-year moratorium on such spectrum payment dues.
It has suggested OTTs be subject to the same security requirements that a traditional TSP has to adhere to.
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Reliance group chairman Anil Ambani on Thursday appeared before the Enforcement Directorate in Mumbai in connection with a money-laundering probe against Yes Bank promoter Rana Kapoor and others, officials said. The agency is expected to record the statement of Ambani under the Prevention of Money Laundering Act. The 60-year-old businessman arrived at the ED office in Ballard Estate around 9.30 am.
Happy at the clear mandate given by voters to the BJP-led NDA, India Inc on Friday exuded confidence that Narendra Modi will initiate bold and decisive policy reforms to promote economic growth.
The entry of the deep-pocketed conglomerate is expected to heighten competition.
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Payments banks will mainly deal in remittance services and accept deposits of up to Rs 1 lakh.
Telcos may hike mobile rates to recover spectrum cost: Moody's
The Department of Post, Tech Mahindra, Videocon Group and stock exchange NSE have joined big corporates like Ambanis and Birlas to seek entry into banking business through newly created niche category of Payments and Small Finance Banks.
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SBI will hold 30 per cent in RIL joint venture
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Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Famous and long believed to be trusted Indian brands have wilted against foreign brands, says Mohan Guruswamy.
SSTL is the second operator after Vodafone that has approached FIPB for raising FDI limit.
For 2100-MHz, 2300-MHz and 2500-MHz bands across circles; aim to offer these with 3G and 4G in February
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Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
Last year, the software giant launched a cloud adoption programme for SMBs.
More companies with unconventional business models to get into messy legal hassles in India.
The sixth metro station on the network became operational in April, completing the Phase I network.
The company is targeting 100 million subscribers in shortest possible time, RIL Chairman Mukesh Ambani said
Telecom companies put in bids worth a total of about Rs 45,000 crore (Rs 450 billion) on the second day of the auction on Tuesday, with premium 900 Mhz band in Delhi, Mumbai and Kolkata witnessing continuing demand.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
'Biometric Aadhaar-based surveillance is not only about violation of privacy, but also about the treasure hunt for unprecedented financial surveillance and economic intelligence in the economic history of mankind,' asks Gopal Krishna.
Of the 11 licence holders, only eight remain in the fray as concerns about profitability and rising competition are making them think twice before jumping in.
Life Insurance Corporation of India has over Rs 7,000 crore in tax demand pending against it, the biggest across various categories.
At the moment, data and broadband is small for BSNL: it contributes 10 per cent of the company's revenue, though its share is on the rise.
DoT committee rejects most Trai suggestions for freeing airwaves for sale.
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