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Softbank’s investment in the Indian in...
According to data by research and data analytics firm, Tracxn, the SoftBank Group, including the SoftBank Vision Fund, has invested more than $8 billion in the Indian e-commerce and internet market during the last five years, thus making it the…
Wipro may see decline in profitability d...
Wipro’s revenue and profitability are set to get impacted for a second consecutive quarter due to some clients filing for bankruptcy. According to the company, its profitability will be impacted by 0.65- 0.75 per cent, primarily due to one of…
Cabinet approves sale of 180 million sha...
The cabinet has cleared the sale of 180 million equity shares of ITI Limited through a follow on public offer (FPO), which will help the company meet the minimum 25 per cent public shareholding norm.
Bharti Airtel to raise Rs 165 billion fo...
In a regulatory filing to the Bombay Stock Exchange, Bharti Airtel has stated that it has received approval from the board to raise up to Rs 165 billion for refinancing debt and paying for spectrum liabilities. 
Promoter firm of RCOM pledges shares wor...
Reliance Communications Enterprise, a promoter firm of operator Reliance Communications (RCOM) has pledged shares worth Rs 3.04 billion with Housing Development Finance Corporation Limited (HDFCL).
Idea Cellular raises Rs 35 billion throu...
Idea Cellular has raised around Rs 35 billion through a qualified institutional placement (QIP) priced at Rs 82.50 per share. The fund raising exercise is a part of Idea's plans to raise Rs 67.5 billion to cut debt and free…