Nine of the 10 most valued firms faced a combined erosion of Rs 1,87,808.26 crore in market valuation last week, with HDFC Bank and Reliance Industries taking the biggest hit amid an overall weak trend in equities. Last week, the BSE benchmark tumbled 1,538.64 points or 2.52 per cent amid concerns that the US Federal Reserve might raise interest rates further to curb inflation. Fresh foreign fund outflows also dented investor sentiments. Barring ITC, all 10 firms, including Tata Consultancy Services (TCS), Infosys, ICICI Bank and Hindustan Unilever, were the laggards.
With the start of general elections as a source of revenue Bharti Airtel's direct-to-home arm is ready to launch its mobile DTH units for cars.
Over the past week, the BSE Sensex ended on a muted note, showing a marginal gain of 2.25 points at 28,114.56.
Under this exclusive tie up, HTC Touch Diamond, the smartphone, will offer a wide range of services, including YouTube application for watching video content. Besides, it will give access to Airtel Live for providing entertainment on mobile.
The burgeoning population of mobile phone users is increasingly using the short messaging service to greet their friends and relatives on occasions such as the start of New Year.
Under the plan, customers can enjoy unlimited STD calls to anywhere in India to any mobile or landline number for 30 days at a tariff of 75 paise per minute by recharging with a Rs 47 pack, Airtel said.
As Vodafone started examining the books of Hutchison Essar, its existing partner Bharti Airtel on Tuesday said it has not been approached by anyone to buyout British telecom firm's stake in the company.
Apple Inc has rolled out a beta programme to enable 5G on Apple devices as the upgrade lets users try out pre-release software. This software upgrade enables 5G access on Apple devices, as and when service providers Jio, Airtel and Vodafone enable 5G network access, sources said. Apple users have to enrol for the beta programme on the website, install a profile and download the software.
Today is the last date for submitting the applications and companies have the option to withdraw them by January 27.
Bharti Airtel said it might look at diluting some of its equity either at Bharti Airtel or at its tower subsidiary as one of the options to fund the $10.7-billion acquisition of African assets of Zain Telecom.
Bharti Airtel operates in 20 countries across Asia and Africa and is the world's fourth-biggest cellular carrier by customers
Tata companies perform well while major firms in emerging markets do badly.
At a time when exchange-traded funds (ETFs) were unloading Jio Financial Services from their portfolios, some active fund managers were placing large bets on the demerged financial services arm of Reliance Industries Ltd (RIL), a report by Nuvama Alternative & Quantitative Research shows. Motilal Oswal Mutual Fund and Quant Mutual Fund were the top MF buyers of the stock in August. They bought around 60 million shares each, together investing around Rs 2,800 crore.
Airtel has allocated 199,870,006 new equity shares at price of Rs 340 each share, representing 5 per cent equity stake in the company to QFE.
Bharti Airtel has awarded Swedish telecom vendor Ericsson a $1 billion (about Rs 4500 crore or Rs 45 billion) contract extending over three years.
From the Sensex pack, Tata Consultancy Services, Reliance Industries, NTPC, Bharti Airtel, Power Grid, Larsen & Toubro, HDFC Bank, Kotak Mahindra Bank, Tech Mahindra and HDFC were the major laggards. Maruti, Tata Motors, Titan, UltraTech Cement, Bajaj Finserv, Mahindra & Mahindra, State Bank of India and IndusInd Bank were the biggest gainers.
Indian telecom giant Bharti Airtel has now become India's biggest music company, overtaking the industry leader Saregama, on the back of its music-related value-added mobile services, a top executive has said.
The JV between the two has won BWA spectrum in Delhi, Mumbai, Haryana and Kerala.
Sun Pharma, Hindustan Unilever, HCL Technologies, Wipro, Tech Mahindra, UltraTech Cement, Tata Steel and Titan were among the other major gainers. Bharti Airtel, Power Grid and NTPC were the laggards.
A Delhi court on Tuesday summoned as accused chairman-cum-managing director of Bharti Cellular Ltd Sunil Bharti Mittal, Essar Group promoter Ravi Ruia and five others in a case relating to alleged irregularities in allocation of additional spectrum to Airtel and Vodafone during the National Democratic All regime.
In order to help voters make informed choice, Bharti Airtel said it is offering its pre-paid users 50 MB free Internet usage on Thursday.
As per TRAI norms, Vodafone and Airtel are close to getting added spectrums, given their growing subscriber rates.
Benchmark equity indices continued their record-shattering spree on Tuesday, with the Sensex and Nifty hitting their fresh all-time high levels in early trade, amid persistent foreign fund inflows. Also, buying in Bajaj Finance, Bajaj Finserv, Tata Consultancy Services and HDFC twins added to the positive market momentum. Rallying for the fifth straight session, the 30-share BSE Sensex jumped 381.55 points to hit its all-time peak of 65,586.60 in early trade.
Bharti Enterprises Group CFO Sarvjit S Dhillon said there is more clarity on the regulatory front now, which is a good sign for the industry.
Bharti Airtel, nearly a third owned by Southeast Asia's top phone carrier SingTel, said it was helped by lower competition and an increase in voice call prices.
Airtel, a member of Asia's largest mobile alliance, Bridge Mobile, on Monday announced a suite of services that will enable its customers access, among other facilities, seamless roaming when they are abroad.
The Department of Telecommunications (DOT) on Wednesday received over Rs 17,873 crore from companies towards 5G spectrum dues. Nearly half the amount (Rs 8312.4 crore) was paid by Bharti Airtel, which made advance payments for four years to free up cash for future investments. Reliance Jio and Vodafone Idea paid Rs 7,864 crore and Rs 1,680 crore, respectively.
The Delhi HC has asked the department of telecommunications to not take any coercive action until the next hearing of the case.
Telecom Regulatory Authority of India said on Tuesday that the quality of services by private mobile operators
The trophy for the upcoming Airtel India-Australia series, which starts with the first Test at Mohali on Friday, was unveiled in Chandigarh on Wednesday. India captain M S Dhoni and his Australian counterpart Ricky Ponting unveiled the glittering trophy at a function held in the hotel where the two teams are staying.
The Commission was critical of the fact that the information relating to subscribers, which was confidential and lying with mobile companies, was being passed on to telemarketing agencies without the users' consent.
The launch will lower phone bills and enable customers to use a single phone with a common number for mobile and fixed-line calls.
With seven million new subscribers, India accounted for the highest net addition of mobile subscriptions globally in the second quarter of 2023, according to the August edition of Ericsson Mobility. Among national markets, India was followed by China with five million and the US with three million subscribers. The subscriber penetration in India, however, stood at 79 per cent, compared to 120 per cent in China, the report said.
The scrip was the biggest loser on both Sensex and Nifty.
These circles account for 23 per cent of Bharti's revenues and armed with additional spectrum, it will eat into rivals' share
Fiscal pressure for the Indian economy is gradually rising, suggested analysts at Jefferies in a recent note, as oil prices (Brent) - which are close to the $100 a barrel mark - continue to climb ahead of a busy election calendar. They added that the sharp rally in the equity markets during the last few months has made valuations costly. As a result, Jefferies expects the Indian markets to remain choppy in the near term.
From the Sensex pack, Reliance Industries jumped the most by 3.78 per cent. Tata Steel, Bharti Airtel, IndusInd Bank, Kotak Mahindra Bank, UltraTech Cement, ICICI Bank and Tata Motors were the other biggest gainers. Titan, HCL Technologies, Power Grid, Tata Consultancy Services, Wipro, Hindustan Unilever, Axis Bank and Nestle were among the major laggards.
Maharashtra Navnirman Sena chief Raj Thackeray on Tuesday asked party workers to remove the 'tail' from mobile service provider Airtel for failing to launch announcements in Marathi.
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