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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...

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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 »

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Economy

India will never compromise on food security: Anand Sharma

India will never compromise on food security: Anand Sharma

New Delhi – After having successfully reached through consensus a trade agreement at the WTO meet, held in Indonesia, India will never compromise on the fundamental issues pertaining to food... read more »

Sensex trades flat during pre-noon session

Sensex trades flat during pre-noon session

Mumbai – A benchmark index of Indian equ! ities markets was trading flat at 80.51 points or 0.39 percent up during the pre-noon trade... read more »

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RBI-reference rate for US dollar, euro

 The Reserve Bank of India on Monday fixed the reference rate of rupee against U.S. dollar at 62.1024 and the euro at 85.4284 as against 62.1266 and 85.4135... read more »

Sensex closes 50 points down; oil and ! gas stocks down

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Mumbai – A benchmark index of Indian equities markets ended Monday’s trade 50 points or 0.24 percent down, as inflation data dashed any hopes of... read more »

Sensex trades flat during early session

Sensex trades flat during early session

Mumbai – A benchmark index of Indian equities markets was trading flat at 1.10 points or 0.01 percent down in the early morning trade Monday. Selling... read more »

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Investing

Gold futures rise to Rs. 26,812 per 10 gm

Gold prices rose 0.86 per cent to Rs. 26,812 per 10 grams at the futures trade today as speculators created fresh positions, taking positive cues from the global market. At the Multi Commodity... read more »

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Gold prices on Wednesday held steady at Rs 27,000 per ten gram at the bullion market in the national capital on scattered buying by... read more »

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Gold prices eased by 0.21 per cent to Rs 26,800 per 10 grams in futures trade on Tuesday, tracking a weak global trend, as speculators offloaded their... read more »

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Gold, silver prices rise on brisk buying, global cues

NEW DELHI: Any revision in gold import duty is unlikely to take place before the Budget and there is no proposal as of now to reduce the 10 per duty, a finance... read more »

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Gold & Metals

Gold extends losses on stockists selling, global cues

Continuing its losing streak for the third straight session, gold prices on Saturday drifted by Rs. 120 to Rs. 28,530 per ten gram in the national capital on sustained selling by stockists amid a... read more »

Gold prices fall on subdued demand, global cues

Gold prices fell by Rs. 10 to Rs. 28,650 per 10 grams in the national capital on Friday on decline in demand for the metal at prevailing levels amid... read more »

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Gold futures down at Rs 27,667 per 10 gm

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Gold futures down 0.10% on weak global cues, profit-boo...

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