Voda Idea's Rs 18,000 crore FPO is one of the largest fundraisers in the history of Indian capital markets and will be followed by the proposed debt raise of Rs 25,000 crore. This could enable Vi to break out of the vicious loop of high debt, lower capex, inferior network quality, and subscriber loss, Nuvama said in a note.
Reliance Jio woos Airtel users on Valentine's Day with classic 'call me' pickup line; Airtel responds deccanherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from deccanherald.com Daily Mail and Mail on Sunday newspapers.
Chris Wood, in his Greed & Fear weekly newsletter, said he was pleasantly surprised at the Budget which was almost devoid of vote-buying populism despite coming just ahead of the Lok Sabha elections later in the year. In Wood's global long-only portfolio, the investment in HDFC Bank will be reduced by two percentage points, while the investments in Axis Bank and TSMC will be increased by one percentage point each.
Airtel reported an increase in the average revenue per user (ARPU) to Rs 208 in Q3FY24 versus Rs 193 in Q3FY23. The company posted quarterly consolidated revenues of Rs 37,900 crore for the October-December quarter which was up 6% on the YoY basis, partially impacted by currency devaluations in Africa.
The issue comprises an offer for sale of up to 100,000,000 shares by Telecommunications Consultants India. There will be no fresh issue of shares in the IPO, and, therefore, Bharti Hexacom will not receive any proceeds from the share sale, Bharti Airtel said in a release to the exchanges.
In Thursdays trading session, the following five stocks witnessed a build of fresh short positions. Let us first understand how this conclusion is reached whether the stock has seen a buildup of fresh short position or not.
Sunil Bharti Mittal, Chairman of Bharti Enterprises and founder of Bharti Airtel, has urged the world to invest in Africa, calling it the last continent of hope. Mittal's own experience with Airtel's operations in Africa has given him insight into the continent's potential. Airtel Africa struggled initially, but has since turned around its business through rationalization, debt reduction, and network expansion. The company aims to become the leading player in the African market, benefiting from low user penetration and increasing data usage.
Bharti Airtel, a leading Indian telecommunications company, saw its Q1 net profit rise by 0.3% YoY, thanks to strong 4G user additions and data consumption growth. Consolidated revenue grew by 14.1% YoY to INR37.4bn ($552m), although net profits fell sequentially