Airtel Payments Bank raises Rs 225 cr from Bharti Airtel, Bharti Enterprises
Business | January 29, 2020 23:40 ISTAirtel Payments Bank has raised close to Rs 225 crore from Bharti Airtel and Bharti Enterprises, as per regulatory documents.
Airtel Payments Bank has raised close to Rs 225 crore from Bharti Airtel and Bharti Enterprises, as per regulatory documents.
The Directorate General of Foreign Trade (DGFT), which is under the Commerce ministry, has put Bharti Airtel under entry list which is commonly known as blacklist for non-fulfilment of export obligation in respect of certain EPCG authorisation issued to them. Following the move, the company will not be able to avail any export benefit or licence from the DGFT.
Telecom major Airtel's Chief Regulatory Officer Ravi Gandhi has quit his post in the company, it was learnt on Thursday.
On a day when the Supreme Court-mandated deadline for Bharti Airtel and Vodafone Idea to pay Rs 88,624 crore in past dues ended, the Department of Telecommunications (DoT) on Thursday decided not to take coercive action against defaulters during pendency of their appeals seeking relaxation in the apex court's order.
Telecom major Bharti Airtel has partnered with money transfer firm Western Union, wherein the former's payments bank customers can receive international remittances into their accounts, says a joint statement of the companies.
The Department of Telecom (DoT) had on Tuesday approved raising of foreign direct investment in Bharti Airtel to 100 per cent from 49 per cent allowed earlier, a stock exchange filing of the company had said.
Bharti Airtel has raised capital to meet the liability, but VIL remains challenged. Airtel last week raised capital of US $3 bn, which should help it meet its AGR liability with the help of additional debt.
Airtel's new Rs 179 prepaid plan offers unlimited calling, 2 GB data along with a life cover of Rs 2 lakh from Bharti AXA Life Insurance.
Bharti Infratel was the top loser on the NSE. Its stock price fell nearly 10 per cent on the AGR verdict. JM Financials in a report said that it expects a governmental intervention soon to ensure that Vodafone Idea Limited (VIL) would not have to approach the NCLT next week due to payment deadline.
Debt-ridden telecom firm Vodafone Idea on Thursday said it is exploring further options, including filing of a curative petition after the Supreme Court dismissed its review plea on AGR matter.
With the Supreme Court dismissing its review petition on AGR dues, telecom company Bharti Airtel on Thursday said it is disappointed, and evaluating options to file a curative petition in the matter.
The Supreme Court Thursday dismissed the plea of Telecom majors, including Bharti Airtel and Vodafone Idea, seeking review of certain directions of the Supreme Court on recovery of past dues amounting to Rs 1.47 lakh crore from telecom service providers.
Telecom operators Bharti Airtel, Reliance Jio and Vodafone Idea have submitted their applications for 5G trials, industry sources said. Airtel has joined hands with Huawei, ZTE, Ericsson and Nokia for 5G trials in the country, while Jio has partnered Samsung, sources said.
Vodafone's new Rs 99 and Rs 555 prepaid plans launched: Here's what they bring to the table.
Bharti Airtel has announced allotment of 32.35 crore equity shares to eligible institutional buyers at an issue price of Rs 445 per share as part of USD 2 billion (over Rs 14,000 crore) qualified institutional placement that closed on Tuesday.
Jio has rolled out its Wi-Fi calling feature in India: Here's how it works on an iPhone.
Airtel WiFi calling or VoWi-Fi feature now runs on over 1 million devices in India.
Telecom major Bharti Airtel on Friday said its mobile customers across the country can now use its Wi-Fi calling service using any Wi-Fi network.
Airtel, Jio bring Wi-Fi-based calling feature in India: Here's a complete list of VoWi-Fi supported Android, iOS smartphones.
Telecom major Bharti Airtel on Thursday said its special committee will meet on January 14 to determine the issue price of its USD 2-billion qualified institutional placement (QIP).
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