Business

The Department of Telecommunications on Friday approved the long-pending merger of Bharti Infratel with Indus Towers to help both telcos, particularly Vodafone Idea, to sell their stakes in the entity to raise funds. Official sources said the approval has been given to the merger without any conditions....

Global software major Wipro's digital arm on Friday said it acquired US-based Rational Interaction to enhance its customer experience offerings. "The acquisition will scale our digital offerings to chief marketing officers, connecting Rational's ability to map the customer journey with our ability to ...

Telecom major Vodafone Idea's survival has in serious doubt as the company's ratings have been downgraded by three rating agencies in the span of just two days. After India Ratings, Brickwork Ratings, Crisil on Thursday downgraded Vodafone Idea's rating on non-convertible debentures of Rs 3,500 crore. ...

Vodafone Idea's situation remains extremely precarious given its net debt/EBITDA of 20 times, analyst firm Citi has said in a report. The company has admitted that its ability to continue as a going concern remains at risk in the absence of relief on its over $6billion AGR liability...

The race for SEBI chairman has picked momentum with the current whole-time member of the market regulator Madhabi Puri Buch leading the race as the current incumbent Ajay Tyagi will demit office on February 28. Apart from Puri's experience with market, government is also keen for a first ...

The Indian Railway Catering and Tourism Corporation (IRCTC)- operated third train between Varanasi and Indore, the Kashi Mahakal Express, will begin its first commercial run from Thursday. The train was flagged off on February 16 by Prime Minister Narendra Modi in ...

Oil prices settled higher on Wednesday as investors' concerns for oversupply eased. The West Texas Intermediate for March delivery increased $1.24 to settle at $53.29 a barrel on the New York Mercantile Exchange. Brent crude for April delivery rose $1.37 to close at $59.12 a barrel on the London ICE Futures ...

Retail giant Walmart spent $11.8 billion in 2019 on dividends and bought back shares of stock from its shareholders while its closest competitor Jeff Bezos-owned Amazon paid nothing to Wall Street investors, despite generating $13 billion more than Walmart in cash...