Country's largest telco Bharti Airtel Wednesday reported 2.8 percent jump in net profit to Rs 1,290 crore for the March quarter despite over 25 percent rise in depreciation and spectrum amortisation expenses.
Kicking off the era of differentiated banking in country, Capital Small Finance Bank (CSFB) has beome the first ever differentiated bank to start operations after getting license told RBI governor Raghuram Rajan on Monday.
Five years after mobile number portability (MNP) was introduced in India, incumbents Idea Cellular, Vodafone and Bharti Airtel stand out as the only gainers while Reliance Communications, Aircel and Tata Teleservices are the biggest losers.
Bharti Airtel's acquisition of telecom spectrum in eight circles from Aircel for Rs 3,500 crore is 'credit positive' as it would extend the firm's footprint to make it a pan-India 4G operator, Moody's Investors Service said Tuesday.
The apex bank, Reserve Bank of India, on Monday granted payments bank licence to telecom service provider Bharti Airtel, for which it had applied in partnership with Kotak Mahindra Bank, a company statement said here.
Indian telecommunications giant Bharti Airtel Ltd said on Friday it had agreed to pay Aircel 35 billion rupees ($526 million) for radio frequencies in eight service areas, to make its 4G mobile broadband services available across India
Country's largest telecom operator Bharti Airtel Thursday reported a 22.21 percent fall in its net profit at Rs 1,117 crore for the three months to December 2015, hit by higher infrastructure and finance costs.
The next set of quarterly results from blue-chips like HDFC Bank, ICICI Bank and Bharti Airtel and the trend at global indices will be the key driving forces for the stock market in a holiday-shortened week ahead.
Bharti Airtel group veteran Akhil Gupta has become an investor in Indian Commodity Exchange (ICEX), part of Anil Ambani-led Reliance Group, buying a five percent stake in the bourse valuing it at Rs 200 crore.