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Sensex closes after biggest intra-day record high in almost 1.5 yrs

The markets during the closing on Monday posted its biggest intra-day gain in approximately 1.5 years, with the Sensex up 610.80 points at 33917.94. Nifty, on the other hand traded up 194.50 points at 10421.40, at the close of day.  Sensex saw the biggest one-day gain in last 17 months, while Nifty recorded its biggest single-day gain in 22 months.

Airtel Payments Bank head Shashi Arora steps down

Airtel Payments Bank head Shashi Arora steps down

Airtel Payments Bank head Shashi Arora steps down:New Delhi, In the wake of the Unique Identification Authority of India (UIDAI) temporarily suspending Aadhaar-related e-KYC verification by Bharti Airtel, Airtel Payments Bank Managing Director and CEO Shashi Arora stepped down from his position. According to reports, the company in a statement clarified that Shashi was not

BSE telecom index edges higher; Airtel, HFCL top gainers

BSE telecom index edges higher; Airtel, HFCL top gainers

BSE telecom index edges higher; Airtel, HFCL top gainers: Mumbai, The S&P BSE telecom index zoomed higher on Monday — after taking a plunge of over 3 per cent during opening trade — driven by telecom stocks like Bharti Airtel and manufacturers of telecommunication equipment and optical fibre cables like Himachal Futuristic Communications (HFCL).The telecom index

Sunil Mittal takes home over Rs 30 cr in annual pay in FY17

Sunil Mittal takes home over Rs 30 cr in annual pay in FY17. Sunil Bharti Mittal, Chairman of India’s largest telecom operator Bharti Airtel, took home an annual pay package of Rs 30.1 crore for 2016-17.The package was over 8 per cent higher than the previous year, when Mittal had drawn Rs 27.8 crore.Mittal, who

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Idea Cellular posts second straight quarterly loss

Idea Cellular Ltd, India’s third-biggest telecoms operator, posted its second straight quarterly loss after a rival carrier’s free services hit sales and eroded margins.The free offerings of Reliance Industries’ telecoms venture Jio, which started operations late last year, have sparked a fierce price war in the world’s second biggest mobile phone market, forcing rivals such

Bharti Airtel settle 2 pc up; m-cap jumps by Rs 2,858 cr

New Delhi: Shares of Bharti Airtel todaysettled for the day with gains of over two per cent, following which market capitalisation of the company surged by Rs 2,858 crore. Singapore Telecommunications (Singtel) today said it will buy 7.39 per cent stake in Bharti Telecom, the holding company of India’s largest telecom firm Bharti Airtel, for