Jefferies estimates Airtel’s India mobile revenues “to grow 7.1% sequentially compared to Jio’s 4.7% in the July-September period,†and its ARPU to also jump “7.3% on-quarter to Rs 157,†while Jio is slated to report muted growth - 1.3% - to Rs 140 on this metric.
Consumer spending is inching towards the pre-pandemic level according to the second quarter business updates by companies including Marico, Godrej Consumer Products, Titan Company and HDFC Bank. The demand revival is driven by falling Covid caseload and rising vaccination in the country.
Appearing for ZEE, senior counsel Navroz Seervai submitted to NCLAT that the tribunal had allowed the company “only 36 hours to file a replyâ€. He added that contrary to what NCLT has mentioned in the order, “this is not a simple matterâ€.
Exim Bank intends to tap the overseas market to raise $1 billion to fund overseas project finance as demand sees a pick-up this year.
The regulator was quite annoyed with repeated violations of prudential norms, including income recognition, asset classification and provisioning (IRACP), ever-greening of loans and deterioration of corporate governance standards.
India’s largest software exporter is bidding for a share in the 75 to 125 contracts--termed as the Chief Information Officer-Solutions and Partners 4 (CIO-SP4).
A formal announcement is expected this month. The final due diligence is ongoing but both sides, said company officials, have "had a handshake two-three weeks back."
Earlier, amid the spat, Zee Chairman Emeritus Subhash Chandra asked Invesco to make an open offer and take over the company if it wants, and also said that the investment firm was acting in a clandestine manner.
In another transaction, two Vanguard Funds sold 4.3 million rights entitlements of Bharti Airtel at Rs. 208.3 apiece through two bulk deals on the National Stock Exchange.
Gokaldas Exports, backed by ex. Blackstone India head Mathew Cyriac, has successfully closed its share sale, with marquee institutional investors such as SBI Mutual Fund, Nippon Mutual Fund, Goldman Sachs Asset Management, HSBC Asset Management and Tata Mutual Fund subscribing to shares in the QIP.
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