Bharti Airtel
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Bharti Airtel posts Rs 1,035 crore loss in Q3 FY20
Business | Feb 04, 2020, 07:07 PM ISTTelecom operator Bharti Airtel on Tuesday posted a consolidated loss of Rs 1,035 crore for the third quarter ended December 31, 2019. The company had recorded a profit of Rs 86 crore a year ago.
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Airtel says its name removed from DGFT blacklist
Business | Jan 31, 2020, 12:07 PM ISTThe removal of Bharti Airtel's name from the Directorate General of Foreign Trade (DGFT) blacklist is expected to come as a relief to the telecom operator which is otherwise staring at billions of dollars in past statutory dues.
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Bharti Airtel put under blacklist for non-fulfilment of export obligation
Business | Jan 28, 2020, 06:39 PM ISTThe 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.
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Bharti Airtel, Western Union tie up for money transfer service
Business | Jan 22, 2020, 07:18 PM ISTTelecom 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.
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Bharti Airtel stocks hit 52-week high after govt approves upto 100 pc FDI
Business | Jan 22, 2020, 12:11 PM ISTThe 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.
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Airtel has liquidity, Vodafone to face challenge on AGR: Report
Business | Jan 20, 2020, 02:50 PM ISTBharti 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.
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Disappointed with SC dismissing AGR review plea; may file curative petition: Airtel
Business | Jan 16, 2020, 06:04 PM ISTWith 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.
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SC rejects Airtel, Vodafone Idea's plea to review AGR verdict
Business | Jan 16, 2020, 05:44 PM ISTThe 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.
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Bharti-Airtel ties up with Rajinikanth's 'Darbar'
Business | Jan 06, 2020, 09:21 PM ISTAs per the tie-up, Airtel customers would be able to participate in an interactive quiz on the Airtel Xstream application and also get an opportunity to win movie tickets besides meeting the cast and crew.
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Bharti Airtel gets shareholders nod to raise up to USD 3 billion
Business | Jan 04, 2020, 06:20 PM ISTShareholders of Bharti Airtel have approved proposals to raise up to USD 2 billion in equity and another USD 1 billion in debt. The proposal for issuance of securities for amount up to USD 2 billion received 99.99 per cent votes in favour of the special resolution at the company's EGM held on January 3, a regulatory filing showed.
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We are bound by orders of government, says Bharti Airtel Chairman on internet suspension
India | Dec 19, 2019, 03:41 PM ISTAmid suspension of services in parts of Delhi earlier in the day, Bharti Airtel Chairman Sunil Mittal said the company had complied with a government directive in this regard.
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Big boost for Airtel, Voda as Trai suggests no change in IUC rate till December 2020
Business | Dec 18, 2019, 08:02 AM ISTWhile telecom operators requested for minimum price for mobile data only, the regulator has also sought public comments on fixing minimum price for phone calls by January 17 and counter comments by January 31.
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Telcos penalised Rs 3.2 cr for call drop in 12 months; maximum on Vodafone Idea
Business | Dec 12, 2019, 05:25 PM ISTAccording to the data shared, highest financial disincentive of Rs 1.76 crore has been imposed on Vodafone Idea, which includes Rs 1.11 crore on account of call drop in Vodafone network and Rs 65 lakh on Idea, while minimum penalty of Rs 6.5 lakh was levied on Reliance Jio.
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Bharti Telecom seeks Rs 4,900 crore FDI nod; infusion to make Airtel foreign firm
Business | Dec 08, 2019, 06:53 PM ISTBharti Telecom, a promoter of Bharti Airtel, has sought government nod for the infusion of Rs 4,900 crore investment from Singapore-based Singtel and other foreign entities, a move that would make the country's oldest private telecom operator a foreign entity.
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Airtel removes cap on free outgoing call to other networks
Business | Dec 07, 2019, 07:20 PM ISTTelecom operator Bharti Airtel has removed cap from free outgoing calls on other networks under its new plans for pre-paid customers that came into effect from December 3.
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Bharti Airtel board approves raising up to USD 4 billion
Business | Dec 04, 2019, 06:16 PM ISTTelecom operator Bharti Airtel's board on Wednesday approved raising USD 4 billion through equity dilution and debt funding. The board for now has given its go-ahead to raise up to USD 3 billion and has also approved raising an additional USD 1 billion, an official said.
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Potential payment of past-due fees weighs on Bharti Airtel's credit profile
Business | Dec 03, 2019, 05:18 PM ISTPotential payment of past due fees weighs on the credit profile of Bharti Airtel Ltd despite spectrum moratorium and price hikes, it said.
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Bharti Airtel shares slip over 1 pc on rating concerns
Business | Dec 03, 2019, 12:53 PM ISTAfter hitting 52-week high in previous session, shares of Bharti Airtel on Tuesday fell over 1 per cent after Moody's said AGR dues are credit negative for the telecom operator. The stock was trading 1.32 per cent down to Rs 452.50 on the BSE. On the NSE, the stock declined 1.46 per cent to Rs 451.90.
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Telecom stocks surge after tariff hike announcements
Business | Dec 02, 2019, 11:01 AM ISTShares of Vodafone Idea were trading at Rs 8.38, up 22.69 per cent, on the BSE. The stock rose 22.63 per cent to Rs 8.40 on the NSE.
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Sensex up 280 points in early trade; Bharti Airtel jumps 8 pc, RIL 3 pc
Business | Dec 02, 2019, 10:28 AM ISTThe biggest index contributor RIL, jumped over 3 per cent on the Nifty and Bharti Airtel as much as 8 per cent, but overall 34 scrips Nifty50 stocks traded in the red while only 16 advanced during the early trade.