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Telecom major Bharti Airtel on Thursday announced it has acquired 100 per cent stake in Wireless Business Services (WBSPL), a company founded by U.S. chipmaker Qualcomm. The company had acquired a 49 per cent stake in WBSPL in May 2012 for $165 million. At that price, the additional stake purchase would have cost Airtel an estimated $165 million, or Rs. 1,008.1 crore at Friday’s exchange rate. However, the company did not disclose the financial details of the deal. In a statement, Airtel said that it has “completed the acquisition of 100 per cent equity shares of Wireless Business Services Private Limited, which holds BWA Spectrum in the Indian telecom circles of Mumbai, Delhi, Haryana and Kerala”. Airtel acquired a majority stake in WBSPL in July by increasing its stake to 51 per cent from 49 per cent. WBSPL has spectrum that can be used for high-speed 4G services in New Delhi, Mumbai, Haryana and Kerala. Airtel has the similar spectrum in Punjab, Maharashtra, Kolkata and Karnataka. Airtel has already launched 4G services in Bangalore, Pune, Kolkata, Chandigarh, Mohali and Panchkula. Shares of Airtel were trading at Rs. 353.80, up by 1.46 per cent, in the afternoon session at BSE.
AI chipmaker Cerebras namedropped by Ora...

AI chipmaker Cerebras namedropped by Oracle, alongside Nvidia and AMD

AI chipmaker Cerebras namedropped by Oracle, alongside Nvidia and AMD ## Cerebras Systems Gains Prominence with Oracle Cloud Integration **Emerging semiconductor firm Cerebras Systems is reportedly in discussions with Oracle Cloud Infrastructure (OCI) regarding a potential partnership, a... read more »

Donald Trump
Trump says U.S. will build first refiner...

Trump says U.S. will build first refinery in 50 years with investment by In...

Trump says U.S. will build first refinery in 50 years with investment by India's Reliance Industries ## Landmark Energy Investment Poised to Reshape U.S. Refining Landscape **WASHINGTON D.C.** – In a significant development for the American energy sector, the United States is set to welcome... read more »

Yann LeCun Raises $1 Billion to Build AI...

Yann LeCun Raises $1 Billion to Build AI That Understands the Physical Worl...

Yann LeCun Raises $1 Billion to Build AI That Understands the Physical World ### Yann LeCun’s New Venture Targets Embodied AI with $1 Billion Funding **[City, State] – [Date]** – A significant new player has emerged in the artificial intelligence landscape, aiming to redefine the path... read more »

Oil extends slide as investors assess Tr...

Oil extends slide as investors assess Trump comments on Iran war, Strait of...

Oil extends slide as investors assess Trump comments on Iran war, Strait of Hormuz Oil prices plunged after Trump warned that Tehran would be hit “twenty times harder” if it attempted to halt oil flows through the Strait of Hormuz. This article was created based on information from... read more »

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Economy

Telecom department defers spectrum auction to Feb 3

Telecom department defers spectrum auction to Feb 3

New Delhi – The Department of Telecommunications (DoT) has extended the dates of auction of spectrum in 1,800 megahertz (MHz) and 900 MHz bands. The auction will now start on Feb 3, next year,... read more »

China to be world largest economy in 2028

China to be world largest economy in 2028

Beijing – China is expected to overtake the US in 2028 to become the world’s largest economy while India is predicted to overtake Japan... read more »

Sensex gains 136 points during pre-noon session

Sensex, Nifty surge most in 7 weeks on RBI hopes; rupee gains 0.6%

Mumbai – A benchmark index of Indian equities markets gained 136.33 points or 0.65 percent during the pre-noon trade Friday. Good buying was seen in IT,... read more »

Sensex closes flat, bank stocks gain

Asia shares lurch lower, China data darkens mood

Mumbai – A benchmark index of Indian equities markets closed Thursday’s trade 42 points or 0.20 percent up amidst derivatives expiry and buying... read more »

Sensex trades flat during pre-noon trade

Sensex trades flat during pre-noon trade

Mumbai – A benchmark index of Indian equities markets was trading flat at 47.43 points or 0.23 percent up during the pre-noon trade Thursday. All the... read more »

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Investing

Gold Monetisation Scheme Should Be Investor Friendly: Gitanjali E...

After the announcement of a gold monetisation scheme in the Budget, the details of the scheme are keenly awaited. The scheme has the potential to attract Rs. 1 lakh crore worth of gold deposits, says... read more »

Gold, silver rebound on marriage season demand, gl...

  Gold prices recovered by Rs 95 to Rs 27,285 per 10 grams at the bullion market on Thursday on emergence of buying by jewellers to meet wedding... read more »

Titan Company intimates on availability of credit for g...

Titan Company announced that the Company will be able to avail credit from domestic nominated banks for gold purchases without restrictions. This will also... read more »

Gold recovers on wedding season demand

Gold, silver prices rise on brisk buying, global cues

Gold prices on Monday recovered by Rs 70 to trade at Rs 27,700 per ten gram at the bullion market, largely supported by wedding season demand from jewellers... read more »

Gold demand up 2% in Dec quarter, down 15% in 2014

MUMBAI, FEB 12: Gold demand in the December quarter was up two per cent at 223 tonnes, largely due to pent up demand from jewellers during the festival season... read more »

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Gold & Metals

Gold demand drops 16% led by declines in India to China

London: Gold demand fell 16% in the second quarter, led by declines in India and China, the World Gold Council said. Global demand slipped to 963.8 tonnes from 1,148.3 tonnes a year earlier as... read more »

Gold price to remain range-bound

Gold price retreated on Saturday after scaling a monthly high of Rs.28,585 per 10 gram in Mumbai on Friday. The yellow metal reacted on unwinding by... read more »

Gold climbs Rs. 300 on seasonal buying, firming global ...

Gold, silver prices rise on brisk buying, global cues

Continuing its rising streak, gold prices flared up by Rs. 300 to Rs. 28,800 per ten gram in the national capital on Thursday on sustained buying by jewellers... read more »

Gold gains Rs. 110 on festive season demand, global cue...

Gold prices jumped by Rs. 110 to Rs. 28,500 per 10 grams in the national capital on Wednesday on festive season demand and positive global cues. Besides,... read more »

Gold prices recover marginally; silver remains higher

NEW DELHI: Gold prices witnessed a modest rebound of Rs 45 to Rs 28,245 after declining for two days at the bullion market here on Thursday following renewed... read more »

More from Business

Manufacturing slides into recession in April-November

Recession odds jump on Kalshi after oil tops $100

Recession odds jump on Kalshi after oil tops $100 ## Economic Outlook Darkens as Recession Probabilities Ascend **New York, NY** – The specter of an economic downturn is casting a longer... read more »

War disruptions may send oil to $150 to $200 a barrel. Here's my advice for stock inv...

War disruptions may send oil to $150 to $200 a barrel. Here's my advice for stock investors ## Geopolitical Tensions Threaten Oil Market Stability, Analysts Warn of Significant Price... read more »

Donald Trump

Trump vows legislative blockade until SAVE America voter-ID bill is passed

Trump vows legislative blockade until SAVE America voter-ID bill is passed **Legislative Stalemate Looms as Former President Demands Voter ID Bill Passage** A significant legislative... read more »

Iran continues to hit Gulf countries as Israeli strikes intensify; Tehran says new leader ...

Iran continues to hit Gulf countries as Israeli strikes intensify; Tehran says new leader appointed **Regional Tensions Escalate Amidst Cross-Border Strikes and Leadership Change in... read more »

Colonel Michael Randrianirina

One year after Trumps sovereignty threats, Canadians keep elbows ...

One year after Trumps sovereignty threats, Canadians keep elbows up ## Canada’s Resilient Resolve: A Year of Shifting Tides and Strengthened Identity **Ottawa, ON** – One year after facing... read more »

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