Thursday, December 19

Tag: Airtel

Jio, Airtel to invest Rs 75,000 cr on network this fiscal: JM Financials
4Oct By adminNo Comments
Business

Jio, Airtel to invest Rs 75,000 cr on network this fiscal: JM Financials

Reliance Jio and Bharti Airtel are expected to invest about Rs 75,000 crore in the current financial year to strengthen their networks, according to a report by JM Financials. According to the report, Jio may invest around Rs 42,000 crore and Bharti Airtel around Rs 33,000 crore in FY24, but the investment will taper down after their 5G network rollout target is met as per their announcement. "Bharti's management capex guidance implies India business capex could decline to approximately Rs 200 billion (Rs 20,000 crore) from FY25 (versus Rs 280 billion, or Rs 28,000 crore in FY23) though we continue to conservatively build in approximately Rs 270 billion (Rs 27,000 crore) for FY25 and Rs 330 billion (Rs 33,000 crore) for FY24," the report said. As per the report...
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Stocks to Watch: RailTel, Indian Hotels, Cipla, Airtel, Indian Oil, Marico, and Others
28Jul By adminNo Comments
Business

Stocks to Watch: RailTel, Indian Hotels, Cipla, Airtel, Indian Oil, Marico, and Others

Stocks to Watch on July 28: Nifty futures traded 34 points, or 0.17 per cent, higher at 19,798, signaling that Dalal Street was headed for a positive start on Friday. Here’s a slew of stocks that will be in focus today for various reasons.Q1 results today: Marico, Mahindra & Mahindra Financial Services, Indian Oil Corporation, Exide Industries, Equitas Small Finance Bank, United Breweries, RITES, SBI Cards, among others.Cipla: In one of the largest potential transactions this year, private-equity majors Blackstone and Baring have initiated talks with the Hamied family, the promoters of pharmaceutical firm Cipla, to acquire up to 20 per cent in the company. The family owns 33.47 per cent and may become minority owners if the talks succeed, said a source close to the development.Adani g...
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Stocks to Watch: HDFC Bank, NTPC, Coal India, Vedanta, Airtel, Auto Stocks, and Others
2Jul By adminNo Comments
Business

Stocks to Watch: HDFC Bank, NTPC, Coal India, Vedanta, Airtel, Auto Stocks, and Others

Last Updated: July 03, 2023, 08:21 ISTStocks to Watch on July 3: The Nifty futures contract traded on the GIFT Nifty indicates a positive start to domestic equities. The contract was trading at 19,360, up 15 points or 0.08% from the previous close.HDFC, HDFC BankHousing Development Finance Corporation and HDFC Bank boards announced the merger of the two entities, effective from July 1 following approval from shareholders and regulators.Adani TransmissionIn two bulk deals, GQG Partners acquired a total of 2.13 crore shares in Adani Transmission. The GQG Partners Emerging Markets Equity Fund purchased 72.59 lakh shares at a rate of Rs 786.19 per share, while the Goldman Sachs GQG Partners International Opportunities Fund bought 1.40 crore shares at the same price of Rs 786.19 per share.GHCL...
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