Bharti Airtel Ltd and South Africa’s MTN Group have restarted merger talks to create a $20-billion (in revenue terms) emerging markets telecom entity, a year after previous talks broke down over who would control...
Telenor hikes stake in Unitech Wireless to 49%
Norway’s Telenor has raised its stake in Unitech Wireless to 49 per cent from 33.5 per cent, by infusing the second tranche of the funds (Rs 1,130 crore). Telenor had injected the first tranche of Rs 1,250 crore...
Yash Birla forays into IT sector -Acquires 49.59% in Melstar Info.
The Rs 3,000-crore Yash Birla group has ventured into the IT sector by becoming the single largest shareholder in Mumbai-based software services firm Melstar Information Technologies. According to the Bombay...
DoT puts 3G, TCIL stake sale on Cabinet panel’s agenda
The Department of Telecom has listed five issues on the agenda for the new Cabinet Committee on Economic Affairs including finalising the reserve price for 3G auction and sale of stake by Telecommunications Consultant...
Bharti open to acquiring domestic operators
Bharti Airtel on Friday said that it was open to acquiring domestic telecom operators as part of its strategy to add another 100 million subscribers in three years. The company, which today touched the 100-million mark...
Aegis to buy Australia’s UCMS Group for Rs 202 cr
Aegis BPO, the back office arm of the Essar Group, has entered into a definitive agreement to acquire Australian contact centre company UCMS Group for A$54 million (Rs 202 crore). This acquisition would enable Aegis to...
Restructuring in US industries may benefit IT cos here
The ongoing restructuring activities in industries such as financial services or automotives in the US could result in deals for the Indian IT services players in the latter part of the fiscal. “As a result of the...
DLF promoters sell 9.9% stake, raise Rs 3,860 cr
The promoters of DLF Ltd on Wednesday sold 9.9 per cent stake in the company to institutional investors, for a consideration of Rs 3,860 crore. Capital International Fund has bought the largest chunk of the shares...
Indiabulls Sec buyback from May 14
Indiabulls Securities said on Wednesday that its buyback offer will commence on May 14 instead of May 6. The offer will close on March 5, 2010. On April 22, the company had announced that it would be buying back between...
Floating dock for Bharati Shipyard
Recently Bharati Shipyard hit the headlines following the announcement of its acquisition of more than 14 per cent stake in Great Offshore. There was another development of no less significance, though not much...
Why Fonterra chose to exit from dairy joint venture
Continuous losses, contract manufacturing weigh down prospects. “Only in cheese is the brand holding on with a 20 per cent-odd market share, compared with its main rival, Amul’s 65 per cent.” Harish...
SEBI wants Bharti to clarify on stake hike
The Securities and Exchange Board of India has sought clarifications from Bharti Group on whether the company has violated its norms by increasing promoter’s stake in Bharti Airtel from 60.91 per cent to 67...
