Stocks in the news: Biocon, DRL, PFC, Cipla, Indiabulls Realty, Escorts and REC
Here are a few stocks which may create some buzz in Thursday’s trade.
Airtel says rights issue oversubscribed, Tikona buy done
Shares in parent Bharti Airtel fell 1.9% to Rs 339 on the BSE Wednesday, in line wit...
Bharti Airtel eyes $1 billion from 25% stake sale in African unit
Airtel is turning to its overseas arms to cut debt, as its prepares to list...
Bharti Airtel appoints Nakul Sehgal as Corporate Chief Financial Officer
Bharti Airtel Thursday said that it has roped in Telenor's Malaysian unit former CFO Nakul Sehgal as Corporate Chief Financial Officer, to look after fund raising of the company and Airtel Africa IPO.
Why Deven Choksey prefers largecap IT; is staying away from PSUs
Bullish on IT cos that shifted conventional model to model being demanded by marketplace, says Choksey.
Bharti Airtel board meet on February 28 to mull fund raising
Airtel planned to raise over Rs 15,000 crore via a rights issue to build a war chest to cut debt and meet 4G capex needs.
Sukhjit Pasricha quits Bajaj Finance to join Kotak Mahindra Bank
Pasricha had joined Bajaja Finance (Bajaj Finserv) early last year after serving in IndiGo for five years where he shepherded rapid expansion.
Bharti Airtel stays in the black on one-time gain: Q3 takeaways
Bharti Airtel's profit attributable to the parent plunged 71.81 per cent to Rs 86.20 crore in Q3.
Airtel board sets up panel to explore fund raising options for strengthening balance sheet
According to reports, the company has plans to raise around USD 2 billion.
Bharti Airtel board to okay mega fundraising today
In India, Airtel is navigating a brutal price war triggered by Jio that has seen the number of telecom operators shrink.
Bharti Airtel forms special committee of directors for fund raising
Bharti Airtel board formed a special committee for fund raising options. Board authorised committee to explore fund raising.Bharti Airtel fo...
Airtel Africa's value should be much more than $7 billion: Akhil Gupta
"It should be much more. We should be at least $1.2 billion of EBIDTA by that time (at the time of listing) but this will be market that will decide," Akhil Gupta said.
Airtel Africa posts $52 million profit in Q1
Africa revenue climbed 1.5% to $736 million in the three months ended June from $732 million a year earlier.
Rajeev Sethi named CCO of Airtel Africa
Till recently, Sethi was the CEO of Grameenphone, Bangladesh’s leading telecom operator.
Airtel Africa 1Q net loss narrows sharply as data consumption grows
Mobile data revenue increased 31.2% to $154 million from a year earlier. Mobile data now represents 16.5% of total revenue compared with 12.9% in the same period a year ago.