Bharti Airtel said it has raised $1.25 bln (Rs 9,150 cr) from institutional investors by selling shares in its Africa unit and intends to list Airtel Africa soon. The investors who have committed to invest in the UK-based unit include Warburg Pincus, Temasek, Singtel, SoftBank Group International and others, it said. The investment will be at […]
Midsize outsourcing and IT services firm Zensar Technologies reported higher profits for the April-June quarter, boosted by the sharp run-up in the value of the dollar against the rupee. Revenue rose 2.3% on quarter in dollar terms and 7.1% in rupee terms. Adjusted for currency movements, revenue was up 4.1% on quarter and 17.5% on […]
The Kerala unit of the Congress Party today called on the BJP to issue an ordinance to give denominational status to Ayyappa devotees and reiterated its stand that it was against the entry of young women into the temple. Ramesh Chennithala, the leader of the Congress Party in the state legislative assembly, took aim at […]
Zee Entertainment Enterprises, the largest Indian broadcasting company, said it plans to raise the number of exclusive movies on its entertainment app ZEE5 to 3,000 as it races to become the No.1 provider of digital content in India. The 3,000 exclusive movies would make the platform one of the biggest, if not the biggest, repository […]
Sabarimala Chief Priest Kandararu Rajeevaru has said that he will shut the temple and walk out if the Kerala Police continue to force their way into the temple with a woman’s rights activist and a female journalist. “I have discussed this matter with the seniors of the family,” said the priest, “and have arrived at […]
Noted right-wing ideologue and BJP leader Subramanian Swamy today climbed down from his earlier stand that the military should be used to implement Supreme Court’s decision on allowing fertile women into the Sabarimala temple. In the backdrop of unexpectedly strong protests against the move in Kerala, Swamy today blamed the Left Front government for trying […]
Reliance Jio, India’s largest telecom operator, has seen its data traffic double to 2.6 billion GBs per month this September from 1.3 billion GBs a year ago, according to the company’s quarterly update. Surprisingly, the 100% growth in data consumption has outpaced the 83% jump in subscribers. Analysts and observers had expected the company’s data consumption […]
Reliance Industries made a strong pitch to the thousands of local cable operators associated with cable feed providers Den Networks and Hathway Cable and Datacom as it announced its purchase of the two companies. Reliance will spend Rs 2,290 cr for a 66% stake in Den Networks, and Rs 2,940 cr for a 51.3% stake […]
Riot-like conditions prevailed in Nilakkal and surrounding areas as thousands of Ayyappa devotees and Kerala Police engaged in pitched battle involving stone throwing and lathi charges. The situation worsened after the police moved early morning to dismantle the local pandals put up by devotees, who had used the camp to conduct vehicle checking yesterday. Women […]
CNBC TV18, controlled by Reliance Industries, reported that the diversified company is likely to announce its acquisition of two of India’s top cable companies, Den Networks and Hathway Cable and Datacom, tomorrow. The TV channel, controlled by Reliance via a trust, said the acquisition is likely to be announced along with RIL’s second-quarter results on […]
Going against the stand taken by central leaders like Subramanian Swamy, the state chief of Bharatiya Janata Party in Kerala has issued a call for the government to restore the ban on the entry of young women to Sabarimala temple. The move comes in the wake of days of agitations and massive rallies in the […]
The Supreme Court today agreed to hear the petition filed by BJP leader Subramanian Swamy against continued control and oversight of temples by the state government of Kerala. Unlike in other places, the control of temples in Kerala — which used to rest with the kings before independence — was directly transferred to the newly […]
Oil India Limited (OIL) said it found hydrocarbons in two explorator wells in Assam in the July-September quarter. The first one, in Dibrugarh, produced natural gas at the rate of 1.15 lakh cubic meters per day, while the second one, in Tinsukia, produced gas at 1 lakh scmd. These numbers are at the higher end of production […]
Chetan Bhagat, India’s most popular pulp fiction writer, today sought to put his foot down on allegations that he sexually harassed people on WhatsApp. His response comes in the wake of yet a new allegation, four days after a woman leaked a conversation with him in which he confessed to ‘trying to woo’ her. In […]
The key Nifty 50 stock index in India is likely to breach the 10,000 support mark this week as the Indian stock market enters what many have called its deepest correction since the 2008 financial crisis. The Nifty, which reflects the stock prices of 50 bluechip stocks traded on the National Stock Exchange, had gone […]
Rahul Easwar, one of the most prominent spokespersons of the Hindu right wing in Kerala, has blamed a section within the Hindu right wing for the controversies surrounding South Indian traditions likes Jallikettu and Sabarimala. Easwar, who can be found on TV on most days expounding the Hindu right wing perspective on Kerala-related issues, said […]
Larsen & Toubro said it, along with its consortium partners Baker Hughes and McDermott International, has won the contract for constructing one of India’s largest deepwater oil and gas projects. The contract is for construction at ONGC’s KG DWN-98/2 basin that lies close to the KG-D6 block of Reliance Industries. “The integrated subsea package includes […]
Tata Communications, the wholesale communication arm of the Tata Group, said it has agreed to buy Teleena, a Netherlands-based Internet of Things (IoT) connectivity specialist and mobile virtual network enabler (MVNE). The company was already the single largest shareholder in Teleena with a 35% stake, following an investment in January 2017, and has extensive dealings with […]
HCL Technologies said it has signed up a new client — Australian power transmission company TransGrid, based in New South Wales. The five year deal will see the Indian outsourcing company provide most of the outsourcing functions for the company, including service desk operations, data center operations, security, disaster recovery, end-user computing facilities and applications. […]
Vakrangee Ltd, the Mumbai-based technology and distribution company, said the ministry of corporate affairs of India has ordered an inspection of its accounts for three years, and that PricewaterHouse will step down as the company auditor as part of the exercise. The inspection will be carried out under section 206 of the Companies Act. The […]
