KM Birla had in June this year offered to hand over group''s stake in debt-laden Vodafone Idea Ltd to government or any other entity to ensure that company remains a going concern.
The broader market, however, saw profit booking as, both, the BSE Mid and SmallCap indices declined 1 per cent each.
Operating performance saw improvement and was ahead of expectations
Revenue of the Sunil Mittal-led telco rose 4.2 per cent on a sequential basis to Rs 26,853 crore in June quarter
Amid a steep rally, investors got richer by Rs 2.4 trillion, BSE data showed
Together with TCS, the conglomerate is creating capacity to take advantage of the big new opportunity in 5G network and broadband rollout by acquiring a reputed telecom gear manufacturer and tying up
Tata Sons arm Panatone Finvest picked up an 8 per cent stake in domestic telecom equipment maker Tejas Networks for over Rs 193 crore through an open market transaction
The company had posted a consolidated net profit of Rs 759.2 crore in the March quarter of FY21 (Q4FY21), while it had incurred a loss of Rs 15,933 crore in the year-ago period
At an all-India level, Airtel subscribers were down in May by 4.6 million, or 1.3%
Companies like HDFC, PNB, Airtel, Adani Enterprises, HPCL, SBI, Titan, Shipping Corporation of India, and Dabur are expected to announce their Q1 earning results next week
Cybersecurity firm Kaspersky has partnered with Bharti Airtel to reach out to its over 34 crore customers for selling its security softwares at lower prices.
Merging state-run telcos with a nationalised Vodafone Idea could save jobs and capital. Managed professionally, it could be a credible third player.
Bharti Airtel has been trading in the consolidation range for the last two months after retesting the major support zone around Rs 520 levels
Company is the first to raise tariffs and its rivals are likely to follow suit, say experts.
After plummeting over 700 points in intra-day trade, the 30-share BSE Sensex clawed back some lost ground to end 135.05 points or 0.26 per cent lower at 52,443.71
The company has discontinued its Rs 49 entry level prepaid recharge and will now start from the Rs 79 smart recharge and offer more value to customers
The Supreme Court observed that it has said not just once, but twice and thrice that AGR demand can't be recomputed
Three telecom firms - Bharti Airtel, Vodafone Idea and Tata Teleservices - had moved the apex court seeking correction in calculation errors in the DoT's AGR demand
The top court had on July 19 said it would pass orders on the applications filed by the telecom majors
Forty-one companies, including RIL, JSW Steel, SBI Card, YES Bank and Federal Bank will report their quarterly numbers today