The market regulator has approved the proposal of Reliance Communications for an initial public offer of 10 per cent of its telecom tower unit. According to sources the IPO could raise up to $1.4 billion. “The comments have come from the SEBI,” a banking source with direct knowledge of the deal said. Taking into
account the […]

Bharti Airtel, India’s number one mobile operator is headed to take-over South African telecom major MTN after negotiations. Bharti’s talks with South African mobile operator MTN Group Ltd are now centered on a full takeover by the Indian operator for a combination of cash and stock, a person familiar with the situation has quoted this. […]

The richest Indian, L N Mittal has made an investment of $75 million, or Rs 300 crore, in Indiabulls Properties Investments Trust (IPIT).IPIT is a subsdiary of Indiabulls Real Estate Ltd. Mittal has acquired 3.9 per cent stake in the trust.IPIT, the first Indian real estate investment trusts (REIT) that has decided to list on […]

A profit of 29 billion yen ($277 million) has gained by Sony in the January-March quarter on Wednesday, marking a reversal from a year ago on losses trimmed from its struggling PlayStation 3 video game business. In the previous year it had a loss of 67.6 billion yen in its sprawling entertainment business, including a […]

According to the Air Transport Association(ATA),less number of people will fly this summer and and those who do should expect higher fares and crowded flights. At a press conference in Washington D.C on Tuesday,James May the president of industry group ATA said that the rise in fares is inevitable. and this is because of the […]