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With this investment, Singtels total stake (along with its affiliates) in Bharti Telecom will increase to 48.90 per cent. Singtel currently holds 47.17 per cent stake in Bharti Telecom. This will lead to an increase of Singtel economic interest in Bharti Airtel by 0.9 percentage points to 39.5 per cent. (Photo: PTI)

Airtel Africa completes USD 200-mn funding transaction with Qatar...

Airtel decided to use the proceeds from QIA to further reduce Airtel Africa's existing net debt.

31 Jan 2019 7:56 AM

Essar Steel promoters, however, wanted the CoC to consider their offer as it offered maximum value to all stakeholders and cannot be ignored citing some process lacunae.

NCLAT declines plea of Essar Steel operational creditor

NCLAT declined the plea of an operational creditor of debt-ridden Essar Steel seeking recovery worth Rs 800 crore.

30 Jan 2019 6:54 AM

State Bank of India

SBI set to own 15 pc of Jet Airways after debt for equity swap:...

Jet Airways would seek a shareholder nod next month to convert existing debt into equity,

29 Jan 2019 10:46 AM

Vodafone on Friday launched its SuperWeek plan that offers unlimited calling and 500 MB data at about Rs 69 with 7 days of validity. (Photo: PTI)

Vodafone Idea rights issue by February-end; smooth sailing seen

Vodafone Idea Ltd's upcoming rights issue of Rs 25,000 crore will hit the market in February-end.

28 Jan 2019 4:43 AM

Jet Airways did not commission the creative being shared on social media platforms, in context of a recent event concerning another domestic airline, the statement said. (Photo: AFP/File)

Lenders considering resolution plan for Jet Airways: SBI

Shares of the airline are trading 4.24 per cent lower at Rs 259.50 apiece on BSE.

17 Jan 2019 6:21 AM

Being the first baby to be born in-flight for the airline, Jet Airways has offered him a free lifetime pass for all his travels.

Jet Airways proposes late debt repayments to creditors: document

Jet met with lenders, lessors and vendors in India on Tuesday to discuss its financial situation and a debt-repayment...

10 Jan 2019 7:53 AM

The groups total debt stood at over Rs 94,000 crore as on October 8, 2018.

IL&FS gets over 30 EOIs for sale of its domestic roads vertical

IL&FS group on December 18, 2018 had initiated the process for asset monetisation.

10 Jan 2019 7:24 AM

The state consumer commission had held Jet Airways responsible for causing losses to a passenger.

Jet Airways, bankers to meet airline's vendors to discuss debt plan:...

Jet Airways is close to reaching a deal with State Bank of India for a fresh loan of 15 billion rupees.

5 Jan 2019 5:07 AM

Congress president Rahul Gandhi maintained that there was massive corruption in contract and wondered why CAG report cited by SC on it had not been shared with PAC of Parliament. (Photo: ANI)

Modi govt wrote off 3.5 lakh cr debt of industrialists: Rahul Gandhi

Gandhi also reiterated that the PMO was directly involved in conducting negotiations with the French side on the Rafale...

9 Feb 2019 8:30 AM

As per new IMF projections, Indias growth in 2016 is now estimated to be 6.6 per cent as against 7.6 per cent earlier. (Photo: AFP)

Greater efforts will be needed to reduce fiscal deficit: IMF mission...

Interim budget envisages a slower pace of fiscal consolidation than previously planned: IMF mission chief for India

6 Feb 2019 4:55 AM

Shares of Reliance Communications (RCom) on Tuesday slumped over 9 per cent in morning trade after the collapse of its Aircel merger deal. Photo: PTI

RCom shares continue to remain under pressure; tank nearly 26 pc

RCom has been reeling under debt of over Rs 46,000 crore.

5 Feb 2019 7:12 AM

RCom on Thursday had announced the completion of the sale of its media convergence nodes and related infrastructure assets to Jio.

How banks ran up USD 7 billion phone bill with RCom

Creditors demurred from taking RCom equity after its share price collapsed.

5 Feb 2019 5:01 AM