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news digest: tata tele loss, car market, essar under watch, and more




tata tele registers india inc’s biggest loss at rs 275 billion tata teleservices, which transferred ts wireless services business to bharti airtel in october last year for free, has reported india inc’s biggest loss ever at rs 274.7 billion for the fiscal year ended march 2018 — due to write-o...



merger a win-win deal for bharti airtel, tata tele




tata teleservices limited (ttsl) and tata teleservices maharashtra limited (ttml) will combine their consumer mobile businesses (tata cmb) with bharti airtel. as per the agreement, bharti airtel would absorb tata tele’s operations across the country in 19 circles. mayuresh joshi, a fund manager wi...



news digest: tata tele-bharti airtel deal, tcs net falls, and more




bharti gets tata tele for nothing; rs 1,500-cr spectrum payout only costafter taking norwegian telco telenor for virtually free earlier this year, leading operator bharti airtel has now acquired tata teleservices, taking consolidation to a new level in the stressed telecom sector. read more  how ta...



news digest: essar steel sale, flipkart-walmart deal, tcs m-cap, and more




essar steel sale: lenders may give time to arcelor, numetal to rectify bids the committee of creditors (coc) for essar steel will meet on tuesday to take a call on the bids after thursday’s order by the ahmedabad bench of the national company law tribunal (nclt). sources close to the development s...



vtb bank-ruias, arcelormittal, tata steel to make bid for essar steel today




a consortium led by vtb bank of russia with a minority stake of ruias is set to make a bid for essar steel on monday. the bids are expected to touch rs 30 billion. arcelormittal and the tatas are also in the race for the company which has a 10 million tonnes per annum capacity plant in hazira, gujar...



ruias want to pay up, bid for essar steel




the essar group is planning to pay its dues to lenders so that it can take part in the bidding process for its steel plant in hazira, gujarat. tata steel, arcelormittal and others are reportedly keen to acquire it.  the group has sought clarification from lenders on the overdue interest so that it ...



markets live: nifty nears record high, sensex gains 200 pts; airtel up 5%




11:06 amnifty nears record high: top five stocks boosting the rally source: nse10:52 amtcs turns flat after gaining over 2% tata consultancy services, country’s largest software services firm, gained over 2% to rs 2,605 in intraday trade on friday after the company reported 2.16% year-on-year drop...



naxal shadow over essar steel bid in chhattisgarh




prospective investors for essar steel may have to factor in the naxal violence which has cost the company quite a bit in the past.essar steel, promoted by the ruias, was among 12 companies recommended by the reserve bank of india for insolvency under the insolvency and bankruptcy code. a number of c...



how tata tele-bharti airtel deal was done in 5 days




the deal between bharti group and tata teleservices is yet another example of how swiftly things can change in business. a collapsed deal was brought back to life in the last five days, people close to the transaction said.  the talks between the tatas and bharti had begun a few months ago but by t...



news digest: essar steel bid, modi's debut at agm, and more




ruias want to pay up, bid for essar steel the essar group is planning to pay its dues to lenders so that it can take part in the bidding process for its steel plant in hazira, gujarat. tata steel, arcelormittal and others are reportedly keen to acquire it.the group has sought clarification from lend...



key highlights of tata tele-airtel merger deal




tata on thursday entered into a deal to merge consumer mobile businesses of tata teleservices and tata teleservices maharashtra limited with bharti airtel. the proposed merger will include the transfer of all the customers and assets of tata consumer mobile businesses (cmb) to bharti airtel. “this...



news digest: idfc-shriram merger called off, tatas bet on e-buses, and more




from idfc-shriram failed merger to whatsapp's new opening for e-tailers, bs brings you up to speed with latest newsbs web team  last updated at october 31, 2017 04:46 isthttp://mybs.in/2uzhwskalso readnews digest: infosys gets a month to fix gstn, railway mishaps, and morenews digest: stimulus pack...



titan now third most-valuable tata group firm




until a decade ago, watches were titan’s bread and butter, accounting for about half its revenues. but still, titan, for all its appeal, wasn’t among the top-ranking companies in market value for the tata group. even though titan is now india’s largest-selling watch brand, it is the jewellery ...



titan now third most-valuable tata group firm




until a decade ago, watches were titan’s bread and butter, accounting for about half its revenues. but still, titan, for all its appeal, wasn’t among the top-ranking companies in market value for the tata group. even though titan is now india’s largest-selling watch brand, it is the jewellery ...



news digest: battle for essar steel, stock market, vintage trains, and more




govt tries to soothe bond market jitters; to borrow rs 2.88 trn in h1fy19 bond dealers were in for a surprise as the government on monday moved to ease pressure on the market considerably by reducing the first-half borrowing programme to 47.5 per cent of the total budgeted borrowing, against the nor...



news digest: tata-thyssenkrupp jv, walmart-flipkart deal, and more




crack in the welding: tata steel, thyssenkrupp jv hits speed bumpa lifeline joint venture deal for tata steel europe with german giant thyssenkrupp is headed for trouble with key shareholders asking the thyssenkrupp management to re-negotiate a better deal as profits of the german company have impro...



tata power posts surprise rs 247 crore q4 loss on one-time charge




murugappa group's market cap touches $8 bn in march quarterbusiness standardconsolidated exceptional loss towards contractual obligations amounted to rs 651 crorereuters  may 19, 2017 last updated at 16:42 isthttp://mybs.in/2uvkupw



news digest: air india sale, battle for essar steel, stock market, and more




air india's new owner to retain employees on payroll after acquisition the government is likely to include a clause in the share purchase agreement to ensure air india employees do not lose jobs immediately after privatisation. read more heresebi board to vet national stock exchange colocation probe...



bharti gets tata tele for nothing; rs 1,500-cr spectrum payout only cost




after taking norwegian telco telenor for virtually free earlier this year, leading operator bharti airtel has now acquired tata teleservices, taking consolidation to a new level in the stressed telecom sector.  the cash-free debt-free deal, which will bring in over 71 mhz of liberalised spectrum an...



tata sons to invest rs 2,000 crore more in telecom arm




the fund infusion comes at a time when the company is financially haemorrhaging. for the nine months ended december 2016, the company reported a loss of rs 2,069 crore as against a loss of rs 2,276 crore reported in the same period of last year.  in the recent months, the tata group has invested ab...



tata global: getting back on track




tata global beverages stock has doubled over the last year on the back of the company’s strategy to restructure its operations. the company has outlined a strategy of exiting non-performing business, focusing on core brands (tetley, tata tea, eight o’clock, and himalayan), premiumisation, and im...



jio effect: tata tele's net worth erodes by rs 11,650 cr




dev chatterjee  |  mumbai  may 28, 2017 last updated at 19:04 ist



arcelormittal to increase essar steel plant's capacity to 18 million tonnes




arcelormittal will scale up the capacity of essar steel plant to 18 million tonnes (mt), making it a significant player in the growing indian steel market. “it is now operating at 5 mt and can be ramped up to 8.5 mt. the aspiration is to take the capacity to 18 mt,” sources in arcelormittal said...



bharti airtel-tata tele merger: this is what bharti airtel gains




the merged entity will be able to narrow the gap with the proposed idea-vodafone combine not only in the share of spectrum controlled but revenuesurajeet das gupta  |  new delhi  last updated at october 12, 2017 17:11 isthttp://mybs.in/2uzzbk4 after its acquisition of tate teleservices’ consume...



ruias take russian tie-up route for essar steel bid




russian financial services company vtb capital is joining hands with the essar promoters — the ruia group — to bid for essar steel, it is learnt.  the ruias have submitted an expression of interest for essar steel along with a letter of comfort from vtb capital, the investment arm of the vtb gr...