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Chandrasekaran's second year may begin with Bhushan Steel takeover

17m business-standard
As N Chandrasekaran, the first non-Parsi chairman of the Tata Group in its 150 year-old history, completes his first year on February 21, he can draw lots of satisfaction that he's successfully pulled the group out of the morass that began after the sacking of his predecessor, and also possibly has a good start to the second year with the largest acquisition the group has ever made. Chandra, as he is known popularly and also the third non-Tata to head the group, was asked to helm the salt-to- software group with over $105 billion in revenue of which over 65 per cent come from outside, during one of the most critical periods in the group' long history following the acrimony created by the sacking of the previous chairman Cyrus Mistry on October 24, 2016. (25-0)

Telcos to face fine up to Rs 50 L per circle for predatory tariffs

2018-02-17 freepressjournal.in
New Delhi : Telecom regulator Trai on Friday said it will impose financial disincentive of up to Rs 50 lakh per circle on operators if their service rates are found to be predatory in nature. (7-0)

Telcos face fine up to Rs 5 mn per circle if service rates are predatory

2018-02-16 business-standard
Sectoral regulator Trai has notified transparent pricing norms for telecom operators clearly defining the concept of non-discrimination and non-predation and also levying of penalty to the tune of Rs 5 million per tariff plan for each service area if an operator is found to be indulged in offering predatory tariffs. (7-0)

Telcos to be fined up to Rs 50 lakh per circle for predatory tariff

2018-02-16 moneycontrol
Telecom regulator Trai today said it will impose financial disincentive of up to Rs 50 lakh per circle on operators if their service rates are found to be predatory in nature. (7-0)

Savings from Idea Vodafone merger deal to cross $10 billion: Aditya Birla Group

2018-02-16 livemint
Mumbai: Aditya Birla Group expects savings from the merger between group company Idea Cellular Ltd and Vodafone Group Plc’s India unit to be significantly more than the $10 billion it forecast in March last year, group chief financial officer Sushil Agarwal said in an interview. (7-0)

Africa listing positive for Bharti Airtel, will help firm to take on RJio

2018-02-15 business-standard
Bharti Airtel International Netherlands’s (BAIN’s) decision to look at a possible listing for its Africa operations might be positive for Bharti Airtel. While it would not bring about any changes in the Africa operations, a listing will help Airtel raise additional funds. (3-0)

Sensex gains 141 pts but Midcap falls 1%; PNB crash drags PSU Bank 1%; Gitanjali sinks 20%

2018-02-15 moneycontrol
Benchmark indices rallied more than 1 percent intraday Thursday following positive lead from global peers, but trimmed gains in later part of the session to end with 0.4 percent gains amid volatility due to PNB controversy. (24-0)

EXCLUSIVE-Fresh trouble for telecom operators as TRAI mulls stiff fine for call drops- source

2018-02-15 moneycontrol
Telecom regulator TRAI is considering stiff penalties on operators for call drops, a menace that has acquired significant proportions in metros. The penalty will be for call drops in the last concluded quarter, the first time new rules, which became effective October 1, will apply. (7-0)

Deals Buzz: Tata Steel top bidder for Bhushan Power, beats JSW with Rs170-billion offer

2018-02-15 livemint
Mumbai: Mint brings to you your daily dose of top deals reported by newsrooms across the country. (15-0)

News Live: Jan WPI inflation at 2.84% vs 3.58% MoM

2018-02-15 moneycontrol
Warren Buffett is just about done with International Business Machines Corp, reports Bloomberg. His conglomerate, Berkshire Hathaway, reported that it cut its stake in Big Blue by 94% during the fourth quarter, essentially drawing to a close a rare blemish on his investing record. (59-0)

News Live: Will challenge govt#39;s illegal#39; action in court, says Hafiz Saeed

2018-02-15 moneycontrol
Tata Steel is emerging as the highest bidder for Bhushan Power & Steel. The company has offered to pay Rs 170 billion upfront to financial creditors against JSW’s Rs 110 billion, sources told the Business Standard. The finals bids were placed on February 9 and sent to the legal team for scrutiny. SBI caps will now evaluate the bids. (17-0)

Bharti Airtel explores options to list Africa arm on global exchange

2018-02-14 business-standard
The Sunil Bharti Mittal-led Bharti Airtel is considering listing its subsidiary Bharti Airtel International (Netherlands) BV (BAIN), which controls the group’s African operations, on a stock exchange overseas. The company has started discussions with banks and intermediaries to evaluate the feasibility of the listing. “The board of directors of BAIN BV on February 12 has authorised its management to initiate non-binding exploratory discussions with various banks/intermediaries to explore the possibility/feasibility of listing of its shares on an internationally recognised stock exchange,” Bharti Airtel said in regulatory filing. (3-0)

Sensex falls 144 pts, Midcap manages to close in the green; PNB fraud drags PSU Bank 5%

2018-02-14 moneycontrol
The market failed to continue its previous trading session's gains on Wednesday as benchmark indices closed lower despite positive global cues, dragged by banks after the big transaction fraud in PNB. (44-0)

Bharti's holding company for Africa explores IPO in international exchange

2018-02-14 business-standard
The board of Bharti Airtel's Netherlands based unit, BAIN BV, which controls Africa operations, has approved listing of its shares on a global stock exchange. "Board of Directors of BAIN BV on February 12 has authorized its management to initiate non-binding exploratory discussion with various banks/intermediaries to explore possibility/feasibility of listing of its shares on an internationally recognised stock exchange," Bharti Airtel said in regulatory filing. (3-0)

Bharti to explore listing of Africa business in international exchange

2018-02-14 moneycontrol
The board of Bharti Airtel's Netherlands based unit, BAIN BV, which controls Africa operations, has approved listing of its shares on a global stock exchange. (3-0)