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.
Aditya Birla Idea Payments Bank becomes fourth entity of its kind to begin business in India
Payments bank are being promoted by the Reserve Bank to further financial inclusion by giving services such as small savings accounts.
Idea Cellular launches a share sale to raise $546 million before merger with Vodafone
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.
Vodafone, Idea in $23 billion deal to create new Indian telecom leader
Analysts have said Jio's entry is the catalyst for mergers and exits of some foreign players.
Charts: Vodafone, Idea Cellular to merge in all-share deal: Birth of a giant
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 India will cross Rs 255 billion mark in 2020
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.
Rahul Gandhi's charges against Narendra Modi: Weak evidence likely to harm Congress more
Will Congress vice-president Rahul Gandhi succeed in unseating Prime Minister Narendra Modi from power by “proving” the latter corrupt?
India and MIT: How we became a technological force to reckon with
Prof Ross Bassett’s book, The Technological Indian, looks at Indian students at MIT from 1882 to 2000
Big boost for Digital India: India Inc commits Rs 4.5 lakh cr, to create 18 lakh jobs
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.
Retail consolidation gains momentum: Now, Aditya Birla buys Jubilant's retail business
The new entity will have a retail network of 1,869 exclusive stores
Diversifying in non-tobacco biz? ITC in talks to buy Century's paper business
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.
Ex-PM Manmohan Singh moves SC seeking quashing of summons in coal scam
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.
Hindalco Q3 net rises only 7.5% as finance cost jumps 170%
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.
Coal scam: CBI registers fresh case against Hindalco
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 opposing MP coal project met with threats, alleges Greenpeace
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 board approves up to Rs 5,000 cr fund-raising plan
Hindalco, one of the country's leading aluminium and copper producers, is part of the Aditya Birla conglomerate.<br />
A quick green nod: Modi govt to okay projects worth Rs 80,000 cr
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.
