Bharti Infratel to take annual hit of Rs 780 cr from Vodafone-Idea exit; revenue impact to be mitigated by exit charges
Bharti Infratel and Vodafone own around 42 percent stake each in Indus Towers and rest of the stake is held by Aditya Birla group firm Idea Cellular.
Telecom department expected to clear Vodafone-Idea merger tomorrow to create country's largest mobile operator
The Vodafone-Idea merger will create the country's largest mobile service operator.
Payments bank are being promoted by the Reserve Bank to further financial inclusion by giving services such as small savings accounts.
Idea, part of the metals-to-financials Aditya Birla conglomerate, intends to use the funds to reduce debt including loans for airwave purchases.
Aroon Purie hands over reins of India Today to daughter Kallie; appoints her as group vice-chairperson
Aroon Purie, chairman of Living Media group, has stepped down from active duties at the conglomerate, appointing his daughter Kallie to handle operations.
Analysts have said Jio's entry is the catalyst for mergers and exits of some foreign players.
With 204.68 million customers, Vodafone enjoys market share of 18.16 per cent. Idea has 16.9 per cent with 190.51 million customers as of December 2016, according to Trai data
Digital advertising in the country is expected to cross the Rs 255 billion mark in 2020, growing at a CAGR of 33.5%, a CII-KPMG report said.
Will Congress vice-president Rahul Gandhi succeed in unseating Prime Minister Narendra Modi from power by “proving” the latter corrupt?
Prof Ross Bassett’s book, The Technological Indian, looks at Indian students at MIT from 1882 to 2000
Prime Minister Narendra Modi on Wednesday launched the "Digital India Week" as part of the larger initiative to empower the people and extend services better with the use of information technology and its tools.
The new entity will have a retail network of 1,869 exclusive stores
ITC Ltd, India's largest cigarette maker, is in talks with Century Textile and Industries Ltd to buy its paper division in a bid to diversify revenue to non-tobacco businesses, said two sources directly involved in the deal.
Former Prime Minister Manmohan Singh on Wednesday moved the Supreme Court against a special court order summoning him as accused in the case of allocation of Talabira-II coal block in Odisha in 2005 to Aditya Birla group company Hindalco.
Aluminium maker Hindalco Industries today reported 7.5 percent rise in net profit for the third quarter at Rs 359.36 crore despite a significant increase in finance costs.
CBI has registered a fresh case in the coal block allocation scam against Indal (now Hindalco, Aditya Birla group) in connection with the allocation of Talabira-I coal block, twenty years ago.
Villagers in Madhya Pradesh's Mahan forest are being intimidated ahead of a crucial vote that could determine the future of a $3.2 billion coal project proposed by two of the country's largest mining firms, Greenpeace India said on Monday.
Hindalco, one of the country's leading aluminium and copper producers, is part of the Aditya Birla conglomerate.<br />
The new Modi-government has already started making headway into matters that were being stalled by the UPA in their term. Minister of State (Independent charge) for Environment Prakash Javadekar, on Thursday, has promised "fast clearance" for Rs. 80,000 crore worth of projects.