The Indian stock market outlook for next week will be guided by several domestic and international cues such as retail inflation, quarterly results, US jobless claims data and others.
In the last week, the combined market valuation of eight of the top 10 most valued firms eroded by Rs 1,60,314.48 crore.
Bharti Airtel plans to acquire the entire 400 megahertz (MHz) spectrum of Adani Data Networks Limited (ADNL), Bharti stated in an exchange filing on Tuesday.
“Airtel and SpaceX will explore offering Starlink equipment in Airtel’s retail stores, Starlink services via Airtel to business customers, opportunities to connect communities, schools, and health centers, among many others, in even the most rural parts of India,” Bharti Airtel stated.
The combined market valuation of eight of the top 10 most valued firms eroded by Rs 3,09,244.57 crore last week.
Bharti Airtel and HCIL had said they will combine their VSAT satellite operations in the country.
Airtel has strengthened its mid band and capacity spectrum holdings that will help it to provide better experience to its customer at the marginal capex.
Bharti Airtel will acquire 20 per cent stake in Bharti Telemedia from Warburg Pincus affiliate, LMIL, for about Rs 3,126 crore.
The company said that the order book was over-subscribed about 3 times on final pricing with peak order book of USD 5 billion at time for final price guidance.
A company statement said that Airtel Ads allows brands of all sizes to curate consent-based and privacy safe campaigns to one of the biggest pool of quality customers in India.
