The fund-raising will help Vodafone Idea and Bharti Airtel cut debt and meet short-term capital requirements.

Private weather forecaster Skymet says the country is likely to witness a below normal monsoon this year.

The Election Commission stopped the release of the biopic on Prime Minister Narendra Modi till the end of the elections.

Stress in indebted companies is spilling to debt mutual funds.

The RBI will now likely issue a new circular or direction that can be used to restructure a loan.

A floating fund of roughly Rs 13,000 crore and that too with zero cost will ensure operating profits of additional Rs 500 crore.

Promoters made an emotional appeal questioning the need for such acquisition, given the cultural differences between the two companies.