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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

Britain’s pound is beating every other major currency this ...

Britain’s pound is beating every other major currency this year ## Sterling Surges: Pound Outperforms Major Currencies Amid Economic Recovery Signs London – The British pound is demonstrating... read more »

Porsche CEO Oliver Blume to step down

Porsche CEO Oliver Blume to step down **Volkswagen Group Streamlines Leadership, Porsche CEO to Focus Exclusively on Parent Company** Wolfsburg,... read more »

Sensex Surges Nearly 700 Points as RBI Holds Rates Stea...

The Indian stock market roared to life today, with the BSE Sensex jumping nearly 700 points and the Nifty 50 climbing close to 1%, following the Reserve Bank... read more »

U.S. Indictments Against Gautam Adani: Bribery Allegati...

The U.S. Justice Department has initiated an investigation into potential bribery and corruption involving the Adani Group and its founder, Gautam Adani. The... read more »

Rupee Breaches 84 Against US Dollar Amid High Oil Price...

India’s financial markets are facing a turbulent period as the rupee plunged past the 84 mark against the US dollar for the first time on October 11, 2024.... read more »

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Investing

Latest Hindenburg Revelation Alleges SEBI Chief and Her Husband&#...

In a significant development that has sent shockwaves through India’s financial and political circles, Hindenburg Research has released new allegations implicating the current Securities and... read more »

BJP Criticizes Congress for Backing Hindenburg; Qu...

In a fierce political exchange, the Bharatiya Janata Party (BJP) has sharply criticized the Congress party for what it perceives as unwavering... read more »

Mysterious Warning from Hindenburg Research Sparks Spec...

In a cryptic message posted on X (formerly Twitter) on August 10, Hindenburg Research, a renowned short-selling firm, hinted at an impending revelation,... read more »

USA Stock Market Plummets: A Sign of Great Recession?

The US stock market has experienced a significant downturn in recent weeks, sparking concerns among investors and economists about the possibility of a great... read more »

Sensex score above 1300 and below 16600 for fear of Omi...

Indian stocks fell as the spread of the Omicron coronavirus ruined investor sentiment. The BSE Sensex benchmark dropped to 1,330 points and the Nifty 50 fell... read more »

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Gold & Metals

Gold Tumbles to More Than Five-Year Low, China Shares Eke Out Gai...

Gold prices tumbled to a more than five-year low Monday, and China shares rose modestly, after authorities’ weekend move to tighten the use of informal lending channels by stock investors. Gold... read more »

Rupee at at 63.39

The benchmark BSE Sensex trimmed initial gains and fell by 9 points in late morning trade, dragged down by FMCG sectors, while fresh selling was seen... read more »

Gold drops Rs 400, silver plunges by Rs 1,350

Gold, silver prices rise on brisk buying, global cues

Gold prices tumbled by Rs 400 to hit one-week low of Rs 26,750 per 10 grams at the bullion market today amid a weak global trend and low demand from jewellers... read more »

Gold futures gain 0.15% on firm global cues

NEW DELHI: Gold prices increased by 0.15 per cent to Rs 25,796 per 10 grams in futures trading today as speculators enlarged positions amid a better trend... read more »

Government cuts import tariff on gold and silver

NEW DELHI: The government has slashed import tariff value on gold to $375 per 10 grams and silver to $512 per kg following weak global price trends. During the... read more »

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on Monday blocked government buildings in Kiev after the biggest demonstrations in the Ukrainian capital since 2004-05 Orange Revolution.

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Anthropic Sues Department of Defense Over Supply-Chain-Risk Designation

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