Telecom operator Bharti Airtel Thursday said its Board has approved fundraising plans of up to Rs 32,000 crore through a mix of rights issue and bond, a move that will help it cut debt
Vora said that the full integration of the two telecom networks - Idea Cellular and Vodafone India - post the mega-merger last year is "on track"
Grasim to acquire chlor-alkali business of KPR Industries for Rs 253 cr; eyes to strengthen operations on Eastern coast
The acquisition is in line with Grasim's strategy to strengthen operations on the East Coast of the country, the company said.
Vodafone Idea to raise Rs 25,000 cr via rights issue; move will arm telco with firepower to take on market competition
Vodafone and Aditya Birla Group will infuse over Rs 18,000 crore into India's largest telecom operator Vodafone Idea Ltd through a rights issue to arm the company with firepower to take on market competition intensified by Reliance Jio
Telecom sector has been battered by falling tariffs, eroding profitability, and mounting debt, in the face of stiff competition
NCLAT approves UltraTech's Rs 7,900 cr bid for Binani Cement, rejects resolution plan submitted by Dalmia Bharat
In approving UltraTech's resolution plan for Binani, which was auctioned to recover unpaid bank dues, the NCLAT may have set a precedence as it favoured a proposal that not just paid the financial lenders but also operational creditors.
Vodafone Idea reported consolidated revenue of Rs 7,663 crore for July-September 2018 quarter
Aditya Birla Group plans $5-bn capex over next three years; will invest in cement, financial services and chemicals businesses
The Birlas in July announced that it would snap up the US-based aluminium player Aleris for around $2.58 billion.
Birla Carbon Spain to invest 5 mn euros for energy efficient projects, increase production to 95,000 tonnes
Birla Carbon is the manufacturer and supplier of carbon black and a flagship business of the $44.3 billion Aditya Birla Group.
Vodafone Idea Limited: Tongue firmly in cheek, telecom giants Reliance Jio and Airtel join celebration over merger
The merger of Vodafone India and Idea Cellular was completed on Friday after the National Company Law Tribunal (NCLT) gave its approval, creating India's largest telecom operator with over 400 million subscribers — the newly formed 'Vodafone Idea Limited'.
Ultratech gets Competition Commission of India's nod to acquire cement business of Century Textiles and Industries
UltraTech had said it would acquire the cement business of BK Birla Group company Century Textiles and Industries through a share swap deal
Idea Cellular posts Q1 profit of Rs 263 cr in June quarter; company gains from sale of mobile towers
Idea has now pinned hope in the operation of its merged business with Vodafone India, which has been approved by the government last week.
Aditya Birla group flagship Hindalco on Thursday announced the acquisition of Aleris that will help it diversify product offerings in the value-added products segment.
Idea-Vodafone merger heralds new phase of tough competition in telecoms; bankers and content consumers may hold the key
In a sense, the Idea-Vodafone merger was a forced marriage of convenience because Jio hit the market when the UK-based giant was planning its own Indian IPO (initial public offering), and the merger was seen as a backdoor way for Vodafone to get listed
Aleris is a global supplier of aerospace and automotive aluminium rolled products
Vodafone-Idea merger: DoT gives final approval; deal spawns nation's biggest telecom operator worth over $23 bn
The combined operations of Idea and Vodafone will create a telecom operator with a 35 percent market share and a subscriber base of around 430 million.
Vodafone said the service revenues, excluding the impact of the mobile termination rate cuts, declined by 9.6 per cent for the reporting quarter.
The Idea Vodafone merger is expected to give breather to both debt-ridden firms Idea and Vodafone, from cut-throat competition in the market where margins have hit rock bottom with free voice calls.
Birla said rising oil prices, spiralling inflation, firming bond yields and a widening current account deficit are areas of concern
Govt approves Idea-Vodafone merger, companies need to complete some formalities: Telecom minister Manoj Sinha
The combined operations of Idea and Vodafone will create the country's largest telecom operator worth over Rs 1.5 lakh crore, with a 35 percent market share