Stocks in news: Tata Motors, Bharti Airtel, Infosys, Motherson Sumi Systems and more
Stocks to watch today: Infosys, Motherson Sumi Systems, Tata Motors, Bharti Airtel and more
BusinessToday.In | April 15, 2021 | Updated 09:24 IST
Stocks to watch today: Infosy, Aditya Birla Capital, Motherson Sumi Systems, Tata Motors, Bharti Airtel and more
Sensex and Nifty are likely to open lower today as lockdown-like restrictions in Maharashtra and a negative trend in SGX Nifty may impact investor sentiment. Nifty futures on the Singapore Exchange fell 92 points, or 0.62 per cent, lower at 14,683. Domestic stock markets were shut on Wednesday on account of Ambedkar Jayanti. On Tuesday, Sensex closed 660 points higher at 48,544 and Nifty rose 194 points to 14,504.
Representative image
NEW DELHI: The country’s oldest private telecom operator Bharti Airtel wants to focus on digital opportunities and unlock value from new age assets such as music, cloud, payments platform, and content.
Taking a leaf out of bigger rival Reliance Jio’s playbook, the Sunil Mittal-led company is undertaking a major restructuring that will see it place all digital assets into the listed entity Bharti Airtel. These include assets such as Wynk Music, Airtel X stream, Airtel Thanks, Mitra Payments platform, Airtel Ads, and Airtel Cloud, apart from any such future product.
While doing so, it will carve out core telecom assets under this listed entity through four separate verticals mobile, broadband and enterprise as Airtel Ltd, payments bank, infrastructure (data centres & towers), and international (which will house African operations, submarine cable and Bangladesh, Sri Lankan operations). It also plans to get the DTH business into Airtel Ltd.
›Bharti Airtel OKs merger of Nettle, Airtel Digital, Telesonic Networks with itself; demerges telecom into new unit Airtel
Bharti Airtel OKs merger of Nettle, Airtel Digital, Telesonic Networks with itself; demerges telecom into new unit Airtel
SECTIONS
Bharti Airtel OKs merger of Nettle, Airtel Digital, Telesonic Networks with itself; demerges telecom into new unit AirtelBy
Share
Synopsis
Bharti Airtel’s board on Wednesday approved the amalgamation of wholly-owned arms, Nettle Infrastructure Investments Ltd, Airtel Digital Ltd and Telesonic Networks Ltd with and into the Sunil Mittal-led parent company.
Agencies
Bharti Airtel’s board on Wednesday approved the amalgamation of wholly-owned arms, Nettle Infrastructure Investments Ltd, Airtel Digital Ltd and Telesonic Networks Ltd with and into the Sunil Mittal-led parent company. The board also cleared the demerger of the company’s telecom business, and vesting the same with a new wholly-owned arm, Airtel Ltd, on a goi
Airtel has emerged stronger from several near-death experiences including Jio entry: Sunil Mittal
SECTIONS
Share
Synopsis We have gone through, I would say several near-death experiences. We have now arrived today, after three or four big crises into a very healthy shape, Mittal said at the Amazon Sambhav Summit 2021 on Thursday.
AFP
Bharti Airtel has emerged stronger from the throes of several near-death moments , including rival telco Reliance Jio’s predatory pricing, and is now adding more users than rivals in wireless services, has become the leader in direct-to-home connectivity, and is growing its data centre and payments businesses, Chairman Sunil Mittal said.