|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||89.00 - 91.90|
|52 Week Range||65.80 - 123.50|
|PE Ratio (TTM)||-21.88|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Billionaire Kumar Mangalam Birla, whose Idea Cellular Ltd. is poised to become India’s top carrier, sees only a handful of businesses surviving a price war roiling the world’s second largest telecom market....
Star India, a media company backed by Twenty-First Century Fox, has injected 12.33 billion rupees into its digital content arm over the last six months amid intense competition among online video providers ...
To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_05152017.pdf If you would like to receive this newsletter via email, please register at: https://forms.thomsonreuters.com/india-morning/ FACTORS TO WATCH 12:00 pm: Shipping Minister Nitin Gadkari at event to sign initial pact between Chidambaranar Port Trust and Tamil Nadu Generation and Distribution Corp in New Delhi. LIVECHAT - FX WEEK AHEAD FX Buzz analyst Jeremy Boulton analyses G7 currencies at 3:30 pm. To join the conversation, click on the link: https://forms.thomsonreuters.com/communities/ INDIA TOP NEWS • India imposes new duties on steel products, risking trade complaints India imposed retroactive anti-dumping duties on some steel products of foreign firms including POSCO and Nippon Steel & Sumitomo Metal Corp, the latest in a series of protectionist measures that have already drawn international complaints.
India's Reliance Industries plans to spend a further $2.8 billion on its Jio telecoms business in the current quarter, it said on Monday, taking its investment in the venture to more than $30 billion. Reliance derives the bulk of its revenue from its core refining and petrochemicals operations, but the group has bet big on Reliance Jio Infocomm. The project backed by Reliance owner Mukesh Ambani launched in September in a flurry of cheap phones, free voice and cut-price data plans that have forced rivals to respond.
Canadian alternative asset manager Brookfield Asset Management Inc. is vying with American Tower Corp. for the wireless towers of two operators in India, which could fetch a combined 100 billion rupees ...
Vodafone agreed to merge its unit in India with Idea Cellular, joining forces with a local partner to confront a raging price war in the world’s second-largest mobile-phone market. Bloomberg's Anthea Lai ...
Britain's Vodafone Group (VOD.L) and Idea Cellular (IDEA.NS) agreed on Monday to merge their Indian operations in a $23 billion deal, creating the country's biggest telecoms business after the entry of a new rival sparked a brutal price war. The combined entity would have almost 400 million customers, overtaking market leader Bharti Airtel (BRTI.NS) to account for about 40 percent of revenue of the world's second-biggest mobile phone services market by users after China. The deal shows how India's mobile industry is being transformed by the launch of Reliance Jio Infocomm's 4G mobile broadband network last year.
NEW DELHI (AP) — British telecom company Vodafone's Indian unit on Monday announced a merger with Idea Cellular, a local company, creating India's largest telecom operator, with around 400 million customers.
Vodafone said Monday that it is merging its subsidiary in India with Idea Cellular that will create the country's biggest telecoms operator with over 400 million customers.