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RBI warns of rising tide of NPAs
RBI to sell Rs 10,000cr govt bonds throu...

RBI to sell Rs 10,000cr govt bonds through OMO on Nov 5

Reserve Bank on Monday said it would sell Rs 10,000 crore government bonds through Open Market Operation (OMO) to mop up liquidity from the system. “On an assessment of current and evolving liquidity conditions, Reserve Bank has decided to conduct sale of government securities under Open... read more »

Flipkart ties up with payment solutions ...

Flipkart ties up with payment solutions provider Euronet

BENGALURU: Homegrown e-tailer Flipkart today announced a strategic partnership with Euronet India, secure electronic transaction processing and payment solutions provider, to distribute e-commerce major’s ‘digital gift codes’ across the country. These digital gift codes act as... read more »

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.
Delhi users please note: Your Airtel pos...

Delhi users please note: Your Airtel postpaid bill will go up by 12% from D...

EW DELHI: Country’s biggest telecom operator Airtel has announced an increase in its postpaid monthly charges by about 12% in select plans, effective December in Delhi NCR region. “Effective Dec 3 2014, bill plan rental for your Airtel mobile will be revised from Rs 199 per month to Rs... read more »

One World Trade Centre opens for busines...

One World Trade Centre opens for business

NEW YORK, Nov 4 – One World Trade Centre, America’s tallest building, on Monday welcomed its first tenants, publishing group Conde Nast, in a symbolic moment 13 years after the 9/11 attacks that brought down the original Twin Towers. About 175 executives of the group that publishes magazines... read more »

More from Business

Cars that can talk to each other 2 years away from showroom

Cars that can talk to each other and almost drive themselves at freeway speeds are just two years away from the showroom, according to General Motors executives. The company announced that... read more »

Gold And Silver : 2014

Gold continuous losses for the seventh day

Extending losses for the seventh straight session on Saturday, gold shed another Rs 20 to close at Rs 27,750 per 10 grams in New Delhi on sustained selling by stockists against easing... read more »

Bharti Airtel, Reliance Jio to share infrastructure

Airtel sells 3,500 towers in Africa to Eaton Towers

Bharti Airtel on Monday said it has sold over 3,500 telecom towers in Africa to Eaton Towers. As part of the deal, Airtel will sell and lease back over 3,500 towers to Eaton in 6 countries... read more »

Govt promises 24×7 power supply to all citizens: Piyush Goyal

Stating that they had inherited a ‘crisis ridden power sector’ from the previous government, Minister of State (Independent Charge), Power, Coal and New and Renewable Energy, Piyush... read more »

Maruti recalls 1,492 units of Ertiga, Swift, Dzire, A-Star

Suzuki Swift crosses 4mn mark globally

Japan’s small car major Suzuki Motor Corporation has clocked four million milestone in total global sales of its successful premium hatchback Swift with about half of them coming from... read more »