Sensex soars to 100 pts, Nifty opens higher; Airtel stock surges 10%

The Indian stock market opened higher despite Asian markets falling from their 19-month highs after Federal Reserve minutes indicated a cautious approach to raising US interest rates.

Jio Impact: Ahead Vodafone-Idea merger, Bharti Airtel to buy Telenor India

Bharti Airtel, India's largest telecom network operator, said it would buy Telenor (India) Communications Pvt Ltd, in a deal that will bolster Airtel's footprint with additional spectrum in the 1800 MHz band.

Vijay Mallya sees no grounds for extradition

Vijay Mallya, the one-time billionaire who co-owns the Force India Formula One team, said on Wednesday Indian authorities had no grounds to extradite him from Britain and he would not be leaving.

Chief economic adviser Arvind Subramanian

The finance ministry on Wednesday backed a call by the Reserve Bank of India to set up an institution similar to a "bad bank," saying urgency was needed to address troubled loans weighing on the banking sector that were hobbling investment and growth.

Snapdeal founders take 100% salary cut

The SoftBank-backed firm, which has been struggling to raise fresh funding, is also laying off hundreds employees and eliminating non-core projects to focus on "profitable growth".

Thu Feb 23 10:10:04 IST 2017
 
 
 

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