11:07 am - Saturday November 30, 2024

Author Archives Gautam

Sensex surges 132 points

Sensex surges 132 points

Continuing its upward journey for the fifth consecutive session, the benchmark BSE Sensex gained 132 points in early trade on Monday as funds and retail investors enlarged positions on hopes of pro-growth Budget and better third quarterly earnings by some bluechip companies. Besides, a firming... read more »

Infosys to buy automation tech company P...

Infosys to buy automation tech company Panaya

Country’s second-largest software services firm Infosys will acquire U.S.-based automation technology company Panaya for an enterprise value of $200 million or over Rs. 1,200 crore. The all-cash deal is part of Infosys’ ‘Renew and New’ strategy to enhance the competitiveness and... read more »

Sureshbhai’s condition improving: attorn...

Sureshbhai’s condition improving: attorney

The health condition of Sureshbhai Patel, who was assaulted in the U.S. State of Alabama by a police officer that left him partially paralysed, showed improvement, his attorney has said. “Due to his hard work and motivation, Mr. Patel is improving faster than expected though he has a long way to... read more »

Promise of a new beginning as Sirisena l...

Promise of a new beginning as Sirisena lands

With a promise for a “new beginning” in India-Sri Lanka ties, Sri Lankan President Maithripala Sirisena arrived in New Delhi on Sunday evening, ahead of a meeting with Prime Minister Narendra Modi on Monday. This is Mr. Sirisena’s first visit abroad after he defeated Mahinda Rajapaksa in... read more »

TVS Srichakra to launch radial tyres

TVS Srichakra Ltd., a well-known maker of two-wheeler, three-wheeler and off-road tyres, will be launching radial tyres for motorcycles soon. Unveiling the company’s new identity and logo... read more »

My aim is to expose AAP: Vinod Kumar Binny

He was one of the first elected representatives to join the Aam Aadmi Party and also one of the first to be expelled by it. Former two-time Independent councillor from Laxmi Nagar, Vinod... read more »

BJP to take padyatra route to woo voters

With exactly a fortnight left for the Delhi Assembly elections, the Bharatiya Janata Party’s election management committee on Friday made padyatras mandatory for each of its 70... read more »

Will ‘giant killer’ Rakhi strike again?

The Mangolpuri Assembly segment rose to fame during the last Assembly polls as a ‘giant killer’ emerged on the political horizon of the Capital. Aam Aadmi Party’s Rakhi Bidlan, one of... 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.

Airtel services hit in Hyderabad

Cell phones of mobile telephony major, Airtel, in Hyderabad went silent since 6 a.m. on Saturday morning with what was termed a systemic failure of its network. Till around noon, the situation was... read more »