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Sensex spurts 220 points taking cues from Asian shares; banking in spotlight

Jun 22, 2015 at 10:55 | Source: FirstPost

Domestic equities made a firm start to the week in early Monday trade, as investors drew comfort from the rise in other Asian indices in an otherwise uncertain market sentiment, dealers said. Asian shares were up on hopes that Greece could strike a s...

Sensex rises 190 pts to rise past 27,300 as monsoon concerns ease

Jun 19, 2015 at 11:12 | Source: FirstPost

The new-found buoyancy in local share markets in the last few trading sessions extended in early Friday trade, with the benchmark Sensex topping the 27,300-mark to touch a high of 27,305, up 189 points, amid all-round buying support.Worries of higher...

RCom-Sistema M&A is easier said than done; and ultimately one has to exit

Jun 16, 2015 at 12:50 | Source: FirstPost

The talks between Anil Ambani's Reliance Communications (RCom) and Russia's Sistema Shyam Teleservices on a possible merger are being touted as a win-win move (assuming valuations are agreed) for both parties. While the merger is supposed to give Sis...

Idea hikes mobile data rates by up to 100% in Delhi

Jun 04, 2015 at 18:43 | Source: FirstPost

New Delhi: Idea Cellular has hiked mobile data rates by up to 100 percent for pre-paid customers in the NCR region, becoming the first telecom operator to raise the tariff after Rs 1.1 lakh crore spectrum auction in March.The country's third largest ...

Sensex closes 322 points higher marking biggest single-day gain in nine sessions; Bharti Airtel leads rally

May 29, 2015 at 16:54 | Source: FirstPost

The benchmark Sensex notched up its biggest single-day gain in last nine sessions on Friday surging 322 points as investors built up fresh long-positions on expectations that the Reserve Bank of India (RBI) would slash the repo rate, at which it lend...

Vodafone exits Bharti Airtel, sells its 4.2 % stake for $ 200 mn

May 29, 2015 at 07:59 | Source: FirstPost

New Delhi: British telecom company Vodafonetoday said it has exited from Bharti Airtel by selling its 4.2per cent stake in the Indian telecom major to an arm of BhartiGroup."Vodafone confirms that it has sold, through a wholly-owned subsidiary, ...

World's second richest man Carlos Slim may want a piece of India's telecom pie

May 28, 2015 at 14:35 | Source: FirstPost

The Warren Buffett of Mexico and the world's second richest man Carlos Slim maybe eyeing India for his next big investment and theSlim-controlled America Mvil, the world's fourthlargest telecom company by subscriber base, might already have taken its...

World's second richest man may want a piece of India's telecom pie

May 28, 2015 at 11:55 | Source: FirstPost

The Warren Buffett of Mexico and the world's second richest man Carlos Slim maybe eyeing India for his next big investment and theSlim-controlled America Mvil, the world's fourthlargest telecom company by subscriber base, might already have taken its...

Tanzania agrees deal to buy back Bharti Airtel's stake in state telecom | Reuters

May 28, 2015 at 03:15 | Source: FirstPost

DAR ES SALAAM Tanzania's government has agreed a deal to buy back a 35 percent stake in a state-run telecoms company from the local subsidiary of India's top mobile carrier Bharti Airtel BRTI.NR for 14.6 billion shillings ($7.07 million), a senior of...

Tanzania seals deal to buy back Bharti Airtel's 35% stake in state telecom

May 27, 2015 at 13:58 | Source: FirstPost

Dar Es Salaam: Tanzania's government has agreed a deal to buy back a 35 percent stake in a state-run telecoms company from the local subsidiary of Bharti Airtel for 14.6 billion shillings ($7.07 million), a senior official said. The east African nati...

Vodafone plans India's largest IPO yet, likely to raise $4 bn next year

May 26, 2015 at 07:42 | Source: FirstPost

The British telecom major Vodafone is reportedly planning to launch IPO of its Indian arm to raise about $4 billion next fiscal.The company has appointed NM Rothschild as its consultant to work on roadmap and the paperwork for the public offering wil...

Sensex goes downhill amid poor ITC earnings, falls 313 points on Fed fears

May 25, 2015 at 17:25 | Source: FirstPost

strong>Mumbai: The benchmark BSE Sensex plunged over 313 points today to settle at 27,643.88 and the Nifty dived below the crucial 8,400 mark due to widespread profit-booking after recent gains amid lower-than-expected earnings numbers from ITC.Re...

Sensex tumbles over 300 pts at close on thin volumes; metals, banks slide

May 25, 2015 at 16:13 | Source: FirstPost

Equity markets came under severe hammering Monday plagued by heavy profit taking in frontline shares, with investors also reducing their exposure to metals, banking and capital goods scrips ahead of the F&O expiry later this week, said dealer...

Sensex sheds 140 pts in early trade; FMCG, auto, bank shares weigh

May 25, 2015 at 10:47 | Source: FirstPost

Local shares retreated sharply in early trade Monday dragging the benchmark Sensex down by nearly 150 points as profit taking came to the fore in FMCG, automobile, banking and metal shares.At 10.40 am, the 30-share Sensex was quoted at 27,840.94, dow...

Sensex ends flat, market cautious on Q4 earning numbers

May 21, 2015 at 19:50 | Source: FirstPost

Mumbai: The benchmark BSE Sensex today settled marginally lower by 28 points at 27,809.35 as market remained cautious on concerns over poor quarterly earnings despite prevailing rate cut hopes.Participants were guarded ahead of corporate earning numb...

Airtel best positioned to respond to Reliance Jio 4G services: report

May 20, 2015 at 22:48 | Source: FirstPost

New Delhi: Bharti Airtel, which has already launched 4G services in various circles, is best positioned to respond to the upcoming launch of services by Reliance Jio Infocomm (RJio), says a report."Bharti clearly has the lead among incumbent ope...

Sensex surges nearly 250 points; inches towards 27,900 mark; rupee down

May 20, 2015 at 10:19 | Source: FirstPost

Key equity benchmark indices opened on a buoyant note early Wednesday, with the Sensex inching towards the 27,900-mark as heavy buying was seen in power, banking and software shares.A day after the markets ended with a negative bias, the Sensex opene...

During PM Modi's visit to China, Bharti Airtel gets $2.5 bn credit line from top Chinese banks

May 17, 2015 at 11:52 | Source: FirstPost

India's top mobile carrier Bharti Airtel has received financing commitments of up to $2.5 billion from top Chinese banks as it tries to invest in the growth of data networks across its global operations.Bharti Airtel, which operates in 20 countries a...

Sistema held talks with RCom over India JV, no sale planned | Reuters

May 15, 2015 at 23:15 | Source: FirstPost

MOSCOW/MUMBAI Russian billionaire Vladimir Yevtushenkov, owner of conglomerate Sistema, said on Friday he has held talks with tycoon Anil Ambani's Reliance Communications about a possible joint venture in India.Yevtushenkov said he had no plans to se...

Another big fall: Profit booking, fears of reforms delay pull Sensex down 470 points; rupee falls

May 12, 2015 at 12:26 | Source: FirstPost

The Indian equity market nosedived today on concerns that reforms may take longer than expected to roll out and also as investors booked profits after two days of rally. The market is also jittery ahead of the release of two key data points, Index of...

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