Vodafone Idea approves offer price of ₹11 per equity share for ₹18,000 cr-FPO

Debt-laden telecom operator Vodafone Idea Ltd. has raised ₹18,000 crore. | Photo Credit: Reuters Telecom operator Vodafone Idea’s (VIL) board has fixed the follow-on public offering (FPO) offer price at ₹11 per equity share, according to a regulatory filing. The anchor investor offer price of ₹11 per equity share has also been greenlit by the … Read more

electoral bonds: Electoral bonds: DMK lists Future Gaming, Megha Engg as top donors

New Delhi: Future Gaming and Hotel Services donated Rs 509 crore to the DMK through electoral bonds since 2019-20, with Megha Engineering & Infrastructures contributing another Rs 40 crore to Tamil Nadu’s ruling party, showed data released by the Election Commission of India on Sunday. The latest information is based on disclosures of donors’ names … Read more

Bharti chairman Sunil Mittal knighted by Britain’s King Charles

Britain’s King Charles III has conferred an honorary knighthood on Bharti Enterprises chairman Sunil Mittal for advancing India-UK business relations. Mittal was awarded the Knight Commander of the Most Excellent Order of the British Empire (KBE). The KBE is among the highest honours conferred by the British Sovereign to civilians. It is awarded in an … Read more

Market capitalisation of 7 of top-10 most-valued firms erode by Rs 1.16 lakh cr; HDFC Bank biggest laggard

Pedestrians walk past the Bombay Stock Exchange (BSE) building, in Mumbai | Photo Credit: PTI The combined market valuation of seven of the top-10 most-valued firms eroded by ₹1.16 lakh crore last week, with HDFC Bank emerging as the biggest laggard. In the holiday-shortened week, the BSE benchmark fell by 982.56 points or 1.37 per … Read more

Airtel gets penalty notice from DoT for alleged violation of subscriber verification norms

Image for representational purposes only. Bharti Airtel on January 8 said it has received a notice from the telecom department for an alleged violation of subscriber verification norms, entailing a penalty of ₹3.57 lakh. In a BSE filing, the telecom operator informed that the notice pertains to Bihar LSA and was received on January 8, … Read more