The Telecom department of India has approved the Bharti Airtel Ltd to increase Foreign Direct Investment (FDI) in the company to 100%. The approval from the Telecom department will enable Singtel or Singapore Telecommunications Ltd to increase its stake in Bharti Airtel Ltd. Singapore Telecommunications Ltd currently owns 35% stake in Bharti Airtel. This approval will also enable Bharti Airtel company to raise more capital as per its requirement. It also opens the door for the Indian telecom operator to raise more funds from other foreign investors.
Bharti Telecom is the single-largest shareholder in Bharti Airtel with about a 41% stake while Singtel owns 48% in Bharti Telecom, which provides it a 35% stake in Bharti Airtel.
The India vs Pakistan clash in the ICC T20 World Cup is one of the…
The Reserve Bank of India (RBI) has issued draft guidelines allowing banks to lend to…
Vast Space, a privately-held American aerospace company, has signed an order with NASA for its…
The Reserve Bank of India (RBI) has revised its draft guidelines on acquisition financing, allowing…
Veteran Kannada filmmaker Joe Simon passed away on Friday after suffering a sudden cardiac arrest…
India–Pakistan matches in the T20 World Cup are always high-pressure contests, and several Indian batters…