12:23 am - Wednesday April 22, 2026

Business

Latest News on Business
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 files to go public...

AI chipmaker Cerebras files to go public after scrapping IPO plans last yea...

AI chipmaker Cerebras files to go public after scrapping IPO plans last year **Cerebras Systems Pursues Public Offering Amid Strategic Partnership with OpenAI** **[City, State] – [Date]** – Cerebras Systems, a prominent developer of wafer-scale computing solutions, has publicly filed for an... read more »

Video shows ships turning away from the ...

Video shows ships turning away from the Strait of Hormuz as confusion persi...

Video shows ships turning away from the Strait of Hormuz as confusion persists over whether sea lane is really open **Strait of Hormuz Navigational Uncertainty Persists Amid Conflicting Declarations** The vital Strait of Hormuz, a critical chokepoint for global energy supplies, continues to... read more »

Jim Cramer on the market's 're...

Jim Cramer on the market's 'remarkable' rally and what to wa...

Jim Cramer on the market's 'remarkable' rally and what to watch in a big earnings week ahead **Market Surges Amidst Investor Optimism; Key Earnings Reports on Horizon** The equity markets are currently experiencing a significant upward trend, a phenomenon that veteran market analyst... read more »

AI Drafting My Stories? Over My Dead Bod...

AI Drafting My Stories? Over My Dead Body

AI Drafting My Stories? Over My Dead Body ### The Algorithmic Pen: Navigating the Inroads of AI in Journalism The relentless pursuit of efficiency is ushering in a new era of content creation within news organizations, with artificial intelligence quietly taking root in the editorial process. While... read more »

Subscribe to Economy

Economy

RBI outlines broad plans on $150 billion bank bad loan resolution

The Reserve Bank of India (RBI) outlined the broad contours of a plan to resolve the $150 billion bad debt problem plaguing the country’s banks Mumbai: The Reserve Bank of India (RBI) outlined on... read more »

GST: Govt dictating prices goes against free-marke...

In an interview  on Monday, revenue secretary, Hasmukh Adhia, gave out an explicit warning to companies planning to increase prices on products... read more »

Heavy Bikes, Luxury Yachts, Private Jets to Attract 31 ...

archive-wide-3-thumb.jpg

Srinagar: Motorcycles of more than 350 cc engine capacity will attract a total of 31 percent tax under the GST regime, same as the tax incidence on private... read more »

Strong U.S. job growth, rising wages set stage for Fed ...

archive-wide-3-thumb.jpg

WASHINGTON (Reuters) – U.S. employers hired workers at a robust pace in February, beating expectations, and wages grinded higher, which could give the... read more »

Volkswagen pleads guilty in U.S. court in diesel emissi...

archive-wide-3-thumb.jpg

DETROIT/WASHINGTON (Reuters) – Volkswagen AG pleaded guilty on Friday to fraud, obstruction of justice and falsifying statements as part of a $4.3... read more »

Subscribe to Investing

Investing

Lloyds, two others dismissed from yen Libor litigation in U.S

NEW YORK (Reuters) – A U.S. judge on Friday dismissed Lloyds Banking Group Plc , ICAP Europe Ltd and Tullett Prebon Plc as defendants from litigation alleging a conspiracy among many financial... read more »

Crunch week as Fed meets on rates, Trump team join...

LONDON (Reuters) – After a year that tipped conventional wisdom on its head, the coming week might suggest a return to some sort of normality... read more »

Some bank bulls grow wary on policy uncertainty

archive-wide-3-thumb.jpg

(Reuters) – Bank shares have been the runaway winners of the post-election U.S. stock market boom as investors wagered that higher interest rates,... read more »

State-owned carrier Air India understated losses –...

archive-wide-3-thumb.jpg

NEW DELHI (Reuters) – India’s state-owned airline Air India understated its operating losses by nearly $1 billion over three fiscal years to March... read more »

India’s Avenue Supermarts IPO oversubscribed 106 ...

archive-wide-3-thumb.jpg

MUMBAI (Reuters) – The last day of bidding for an initial public offering (IPO) by India’s Avenue Supermarts Ltd saw investors clamouring for the... read more »

Subscribe to Gold & Metals

Gold & Metals

Gold remains weak on low demand; silver recovers

NEW DELHI: Gold prices fell further by Rs 75 to Rs 27,025 per ten gram at bullion market here today on subdued demand even as the metal strengthened overseas. Silver, however, found fresh buying... read more »

PRECIOUS-Gold rises 2 pct as year-end jitters knoc...

Gold rose 2 percent on Tuesday, while silver jumped more than 4 percent as the dollar weakened and stock markets slid, with concerns over tension... read more »

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... read more »

Gold steady at Rs 27,000 on scattered buying; silver re...

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 retailers. However, silver... read more »

Gold prices fall by 0.21 per cent in futures trade on g...

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 »

More from Business

Spain touts energy resilience to Iran war as Trump tensions cast shadow over trade

Spain touts energy resilience to Iran war as Trump tensions cast shadow over trade **Spain Fortifies Energy Independence Amidst Geopolitical Uncertainty** **Madrid, Spain** – Spain is... read more »

Asia markets mostly fall as fragile Middle East ceasefire tempers sentiment

Asia markets mostly fall as fragile Middle East ceasefire tempers sentiment ## Regional Equities Navigate Cautious Optimism Amidst Shifting Geopolitical Tides **[City, Date]** – Equity... read more »

The Battle for OpenAIs Soul

The Battle for OpenAIs Soul ### **Legal Showdown Looms Over OpenAI’s Core Mission** A pivotal legal battle is on the horizon, poised to scrutinize the very foundation upon which... read more »

The Online Fiction Boom Reimagining Chinas History

The Online Fiction Boom Reimagining Chinas History ## Digital Sagas: How Chinese Online Fiction is Reshaping Historical Narratives **Beijing, China** – A burgeoning genre of online... read more »

Europes Online Age Verification App Is Here

Europes Online Age Verification App Is Here **New Age Verification Tool Aims to Enhance Online Safety for Minors Across Europe** A novel, free-to-use age verification application has been launched... read more »