A towering deal

Bharti Infratel has agreed to merge with Indus Towers in a deal that will create the largest mobile tower operator in the world outside China with over 163,000 towers across 22 telecom service areas and an estimated equity value of $14.6 billion.

Rupee close to 67-mark

The rupee on Wednesday plunged to a 14-month low against the dollar, felled by surging crude prices, rising bond yields and selling by foreign portfolio investors (FPIs) in equities and bonds.
Our Special Correspondent Apr 26, 2018 00:00 IST

Manipal offer for Fortis

Manipal Health Enterprises has revised its offer for Fortis Healthcare again, raising the value to Rs 6,322 crore, according to a regulatory filing. The move comes ahead of the Fortis board's meeting to consider the recommendations of an expert advisory panel formed to finalise the evaluation process of all binding offers.
PTI Apr 26, 2018 00:00 IST

Wipro profit drops 20%

Wipro on Wednesday failed to meet Street estimates as fourth-quarter net profits declined almost 20 per cent following provisions made on account of an insolvent customer and the impairment loss in one of its acquisitions.
Our Special Correspondent Apr 26, 2018 00:00 IST

China tip for better trade ties

Bilateral leadership visits are key to building trade and business relationships between India and China.
A Staff Reporter Apr 26, 2018 00:00 IST

Prop for raw jute

The government has increased the minimum support price (MSP) of raw jute by Rs 200 per quintal to Rs 3,700 per quintal for the 2018-19 crop season.
Our Special Correspondent Apr 26, 2018 00:00 IST

More board berths for Anil son

Anmol Ambani, the eldest son of Reliance group chairman Anil Ambani, has joined the boards of Reliance Nippon Life Asset Management (RNAM) and Reliance Home Finance (RHF).
Our Special Correspondent Apr 26, 2018 00:00 IST

Higher grain target

The agriculture ministry has set a target to increase foodgrain production by over 6 million tonnes to a record 283.7 million tonnes in the 2018-19 crop year on hopes of a normal monsoon.
Apr 26, 2018 00:00 IST

Numetal ready for a fight

Numetal may approach the appellate company law tribunal ahead of the crucial meet of the lenders of Essar Steel, apprehending rejection of its first-round bid. An appeal may be filed as early as Friday at the National Company Law Appellate Tribunal in Delhi, challenging any move by the committee of creditors (CoC) to call a fresh bid for Essar.
Sambit Saha Apr 26, 2018 00:00 IST

Africa spares Airtel's blushes

Bharti Airtel on Tuesday reported a 78 per cent fall in consolidated net profits for the fourth quarter ended March 31, but managed to surpass analysts estimates, following a good show in the African region.
Our Special Correspondent Apr 25, 2018 00:00 IST

Suitors sweeten Fortis offer

The race to acquire Fortis Healthcare on Tuesday took another interesting turn with Malaysia's IHH Healthcare Berhad and KKR-backed Radiant Life Care both making binding offers.
Our Special Correspondent Apr 25, 2018 00:00 IST


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