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Aditya Birla Group to invest $500 million in Vodafone Idea as revival signal strengthens
Aditya Birla Group is injecting ₹4,730 crore into Vodafone Idea (Vi) through a preferential allotment, bolstering the telecom operator's financial standing. This capital infusion follows Kumar Mangalam Birla's return as chairman and aims to support Vi's efforts to compete with rivals Reliance Jio and Bharti Airtel.
Stocks to Watch: Tata Motors PV, Adani Enterprises, JSW Steel, Bharti Airtel, among other stock in focus today - 15 May
Indian benchmark indices rose for the second consecutive session on May 14, with the Sensex gaining nearly 790 points. Bharti Airtel was the top gainer, while wholesale price inflation hit a 42-month high of 8.3%. Key companies are set to release quarterly results soon.
Bharti Airtel shares downgraded by IIFL on competition concerns; check new target
Bharti Airtel's mobile revenue market share gains in India are becoming incrementally tougher, as reflected in recent quarters. IIFL also said that a potential fund-raise by Vodafone Idea could intensify competition in the telecom sector, particularly through higher channel payouts and more aggressive market strategies.
Airtel says India’s telecom pricing model is ‘broken’ as ARPU growth slows
Bharti Airtel is dissatisfied with slow ARPU growth due to a flawed pricing system. The company plans to increase average revenue per user by focusing on post-paid plans and encouraging data consumption upgrades. Investments will also target fibre broadband and new growth areas like data centres and financial services. Airtel is committed to strengthening its network and future-proofing its business.
Mittal charts map for Bharti Telecom to regain Airtel majority
Bharti Telecom chairman Sunil Mittal plans to increase his family's stake in Bharti Airtel. The company will also boost its ownership in its African subsidiary. This move aims to consolidate control and prepare for future leadership transitions. Mittal envisions a significant customer base across India and Africa. The company may also consider global asset acquisitions.
Sunil Bharti Mittal hints at succession, targets 51% control in Bharti Airtel over decade
Sunil Bharti Mittal aims for Bharti Telecom to regain majority in Bharti Airtel, plans higher dividends, buybacks, data centre expansion, small NBFC, and higher Airtel Africa stake
Bharti Airtel’s next decade: Mittal outlines tighter control in India, bigger Africa bet
Sunil Bharti Mittal says Bharti Telecom should regain majority control of Airtel over the next decade as the group begins succession planning for the next generation.
Bharti Airtel shares jump 5% as Sunil Mittal eyes 51% stake in telco
Sunil Bharti Mittal, founder and chairman of Bharti Enterprises, during Airtel's Q4 earnings concall, said that he wishes to Bharti Telecom holding 51% stake in the Gurugram-headquartered telco.
Q4 Results LIVE Updates: Balaji Amines shares suge 20%; NLC India up 11%; JSW Steel report today
Q4 Results LIVE Updates: Nifty constituents JSW Steel and Tata Motors PV as well as Apollo Tyres, Hindustan Aeronautics, Data Patterns, United Spirits, Vishal Mega Mart are among the companies reporting their numbers today. Bharti Airtel, Bharti Hexacom, DLF, Oil India, among others will also be reacting to their results reported after market hours on Wednesday. Stay tuned for all the Live updates.
Bharti Airtel swap deal a win for minority shareholders, Morgan Stanley says; stock gains
The telco has announced a share swap deal to acquire an additional 16.31% stake in Airtel Africa from promoter entity ICIL, consolidating its hold on the listed African subsidiary without spending a single rupee in cash.
Stocks To Watch Today: Tata Motors PV, JSW Steel, HAL, Apollo Tyres, United Spirits, Bharti Airtel & More
Here's a look at stocks that are likely to be in focus during the trading session on Thursday.
Stocks in news: HAL, TMPV, Bharti Airtel, Anant Raj, Zydus Life, Tata Motors
Indian markets experienced a volatile yet stable session after a sharp sell-off, with the Nifty showing resilience. Key companies like HAL, Tata Motors, and Bharti Airtel are in focus due to quarterly results and news developments. Zydus Lifesciences is nearing a US acquisition, while Maruti Suzuki commits to green logistics.