'The estimated expenditure is expected to be more than double the Rs 60,000 crore spent in 2019'
Bharti Airtel promoter Bharti Telecom will buy a 3.33 per cent Airtel stake from Singtel for 2.25 billion Singapore dollars or about Rs 12,895 crore in 90 days' time, the telecom operator said on Thursday. Bharti Group chairman Sunil Bharti Mittal's family and Singtel are co-investors in Bharti Telecom (BTL). Singtel in a statement said that after the transaction, Singtel Group is expected to own an effective stake of 29.7 per cent in Bharti Airtel, which is estimated to be worth SGD 22 billion (about Rs 1.26 lakh crore).
Noitseuq Creative Solutions is recruiting Client Servicing Executives.
Star Group affiliate Asian Broadcasting FZ LLC is to make an open offer to the shareholders of Balaji Telefilms Ltd for acquiring a 20 per cent stake in the latter at a price of Rs 90 per share aggregating over Rs 117 crore
Bharti Tele-Ventures edged up 1.32% to Rs 34.50 on BSE in early trades propelled higher by reports that the government may hike FDI limit in the telecom sector.
Bharti has been expanding its spectrum portfolio and now owns 4G data across all 22 circles in India
Consumer durable makers like Sony, LG, Panasonic and Whirlpool are expecting up to 35 per cent growth in the upcoming festive season and are pulling out all stops as the sector eyes a rebound from a prolonged slump.
It is not without reason that Japanese consumer electronics companies such as Sony, Panasonic, Hitachi, Daikin and Sharp are investing significant sums in India.
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