BHARTI ENTERPRISES
Bharti Enterprises sells shares of ICICI Lombard for Rs 663 crore
Sunil Bharti Mittal-promoted Bharti Enterprises on Thursday offloaded shares of ICICI Lombard General Insurance Company for Rs 663 crore through open market transactions.
Delhi's Aerocity near IGI airport to get India's largest mall, spanning over 28 lakh sqft
By 2027, Indira Gandhi International Airport's Aerocity will get India's largest mall, spanning over 28 lakh square feet. This $2.5 billion expansion marks the initial phase in creating India's first aerotropolis, expected to grow significantly over the next five years. Upon completion, Aerocity will feature extensive commercial space, a mega mall, and public areas, fostering a bustling business district.
Telecom data centres prepare to take the heat of summer months
The persistent heatwave conditions pose increased cooling challenges for telecom data centers, critical components of broadband communications infrastructure responsible for call/data routing and safeguarding essential customer data. Executives from Bharti Airtel's Nxtra Data and Reliance Jio emphasize leveraging renewable energy integration, energy-efficient enhancements, and advanced cooling technologies to manage costs and ensure uninterrupted data center operations.
Enterprise demand keeps telcos’ voice channel revenue growing
Despite challenges in personal voice calling revenue for telecom operators, the enterprise sector sees significant revenue from voice channels. With the rise of digital-native businesses in India, voice services like IVR, outbound calling, and contact center telephony remain vital for customer support. Industry experts foresee continued growth in voice communication alongside other digital channels.
BofA hikes target prices of Vodafone Idea, 3 other telecom stocks on tariff hike expectations
The brokerage also increased the target price for other key players in the sector with Bharti Airtel’s target at Rs 1,430 and Reliance Industries’ target price at Rs 3,340, foreseeing an upside of 13.5% and 17.4%, respectively.
Telecom shares have many tailwinds, could gain 9-16%: BofA
BofA said it expects a tariff hike of 20-25% as against earlier expectation of 10-15%, which could improve cash flows that will be utilised by telecom companies to grow high-margin fiber broadband and enterprise or data-center offerings.
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GCCs emerge as a key cog in telcos’ enterprise play
India’s top telcos are investing significantly in offshore units, known as global captivity centers (GCCs), resulting in strategic partnerships and tailored solutions. With the number of GCCs growing, enterprise revenue is expected to reach Rs 30,000 crore in FY24, impacting connectivity and network densification in tier-2 and tier-3 cities.
How GQG's $11 billion India empire is growing fast beyond Adani
Rajiv Jain's GQG empire in India has expanded to $11 billion, diversifying beyond Adani stocks to include stocks from various sectors like energy, banks, real estate. The portfolio now comprises a wide range of stocks.
Dial Vi for victory: Cash-strapped telco pulls off biggest FPO
The allotment for qualified institutional buyers (QIBs) was subscribed 19.3 times, of which 82% bids came from foreign institutional investors (FIIs). The non-institutional investor (NII) portion got bids for 4.5 times the shares set aside for them. The retail segment was fully subscribed. The offer had opened on April 18. The FPO is part of a broader ₹45,000 crore funding programme that's key to the company's survival.
Three pvt telecom operators ideal for India: Sunil Mittal
A market with three private telecom companies is optimal for India, Bharti Enterprises chairman Sunil Mittal said on Thursday as debt-laden Vodafone Idea (Vi) got a financial lifeline allaying fears of a duopoly in the telecom sector. "My position has been consistent that three private operators are ideal for India," Mittal told ET. His comments come in the backdrop of Vi moving to secure its much-delayed funding.
Bharti Airtel, Dialog & Axiata Group to merge operations in Sri Lanka
Bharti Airtel has announced a merger with Dialog and Axiata Group in Sri Lanka. Under the agreement, Dialog will acquire all shares of Airtel Lanka, and in exchange, Bharti Airtel will receive ordinary voting shares equivalent to 10.355% of Dialog's total issued shares. The merger is pending approval from Dialog's shareholders and regulatory authorities, including the Colombo Stock Exchange.
Govt may not allot satcom waves in a rush; to fine-tune rules first
The DoT is likely to also do more consultations with the stakeholders regarding the allocation, which has to be done administratively, as per the new telecom law.
Bharti Airtel rejects Jio view on commercial usage of allocated satcom spectrum
Vodafone Idea (Vi) plans to raise funds via a preferential share issue on April 6, following shareholders' approval of a proposal to raise ₹20,000 crore through equity and equity-linked instruments. The company expects to complete the equity fund raise by the end of June, with promoters expected to infuse around ₹2,000 crore.
Bharti Hexacom a telecom leader with strong parentage, but offer looks pricey
BHL provides mobile, fixed-line, and broadband services in Rajasthan, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura. The company expanded its revenue market share in Rajasthan to 40.4% in nine months to December 2023 from 32.7% in FY21 and in North East to 52.7% from 42% by similar comparison.
Stupendous FY24 drives market cap of 25 cos by Rs 1 lakh crore; Zomato among them
The unperturbed faith of retail investors, coupled with higher participation of both foreign investors and mutual funds led the strong performance and also drove the market capitalization.
Samara Capital eyeing 50% in Del Monte Foods as well as a minority stake in Godrej Tyson Foods
The proposed deals reflect increasing investor interest in the ready-to-eat packaged foods categories, as convenience and accessibility drive aspirational demand of western-style foods even in tier-3 and 4 markets. On top of that, quick commerce and ecommerce are enabling impulse consumption and deeper reach. Both potential deals are expected to be housed in the new $150 million roll-up platform for packaged foods.
Ahead of Market: 10 things that will decide D-Street action on Wednesday
Nifty on Tuesday ended 238 points lower to sneak below its 50-DEMA for the first time in the last four months and form a long bear candle on the daily chart.
Amber, Ambuja Cement, Axis Bank and Bharti Airtel among Jefferies' top picks
"India's capex cycle has turned from its FY20 bottom, and should last another five-plus years as the housing and corporate capex cycle play out," it said.
Jefferies picks 11 stocks that can deliver 15-25% CAGR return for 5 years
Global brokerage firm Jefferies has released a list of 11 stocks that it believes can deliver 15-25% CAGR over the next five years. Stocks with the highest upside include Macrotech, Axis Bank, Max Healthcare and Amber.
Olectra Greentech shares plunge 6% after promoter's name appears on electoral bond list
Olectra Greentech's shares declined by 6% as MEIL Holdings acquired electoral bonds worth Rs 966 crore. The company's revenue showed sequential growth.
Fantastic 4 women mutual fund managers betting on these top 13 stocks
Adept at managing funds across the spectrum, Roshi Jain currently manages three strategies at HDFC AMC with assets totaling Rs 70,400 crore.
Bharti Enterprises loses appetite for Del Monte JV, to focus on telecom
Bharti Enterprises and global investment group E.L. Rothschild had formed an equal joint venture, FieldFresh Foods, in 2004, to produce and export fresh vegetables and fruits. Three years later, in 2007, the Singapore-listed Del Monte Pacific Ltd acquired 40.1% stake in FieldFresh Foods for $20.8 million. Bharti continued to hold 50% in the company, with Rothschild staying in the company as a minority partner.
If content is king, Reliance Industries-Walt Disney Company to be kingdom
The Rs 70,352 crore ($8.5 billion) merged entity, in which RIL will infuse Rs 11,500 crore, will have a viewership share of more than 40%, enabling it to secure premium advertising rates and consumer average revenue per user (ARPU), they said. The failure of Zee Entertainment Enterprises and Sony Pictures Networks India to merge is expected to benefit Star-Viacom18, which would have had to contend with a duopoly if the Sony-Zee merger had also gone through.
It's time to rationalise and repair telecom tariffs: Sunil Mittal, Bharti Airtel
Sunil Bharti Mittal, founder of Bharti Enterprises, receives an honorary Knighthood for his contributions to UK and India business relations. In an interview, Mittal discusses Bharti Airtel, investment in 5G spectrum, rationalizing tariffs, India-UK economic ties, and the challenges faced by India's telecom industry. He says: "We need more investments into fibres, infrastructure and rural areas. Eventually be ready for 6G as well."
Sunil Bharti Mittal becomes first Indian to be awarded an Honorary Knighthood from King Charles III
Sunil Mittal, the founder and chairman of Bharti Enterprises, has been awarded Honorary Knighthood, becoming the first Indian citizen to receive this honor. King Charles III conferred Mittal with the Knight Commander of the Most Excellent Order of the British Empire (KBE) for his contributions to advancing India-UK business relations.
Nifty hits fresh record high, holds 22,200 level on gains in banking & auto stocks
From the Sensex stocks, JSW Steel, M&M, Tata Steel, Bharti Airtel, and ICICI Bank opened with gains, while Infosys, TCS, Power Grid, Nestle India and Tech Mahindra opened with cuts.
Google pushing an alternative to WhatsApp enterprise messaging
Google is pushing an alternate mobile phone messaging system in the country that could disrupt the growing use of WhatsApp by enterprises for communicating with customers.
Verizon case may be delaying Starlink's satcom licence, too
India cautious after it learnt that Verizon had investment from Pakistan and Bangladesh . Starlink, owned by Elon Musk, is facing delays in obtaining a license for satellite broadband services in India, with Verizon Communications partly to blame, according to sources. Starlink's application is hindered by mandatory ownership disclosure rules.
Bharti Enterprises Chairman Sunil Mittal says Vodafone Idea is 'non-existent' in large parts of India
In an interview with Sruthijith KK on the sidelines of the World Economic Forum Annual Meeting in Davos, Bharti Enterprises chairman Sunil Mittal said ARPU (average revenue per user) needs to increase as 5G has been a huge load on telcos without any revenue coming through.
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