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Sankalp Phartiyal

Mar 24 2017

State Bank of India says to begin process for life insurance arm IPO

MUMBAI State Bank of India, the nation's top lender by assets, said on Friday it would begin the process for an initial public offering (IPO) of its life insurance arm, with plans to sell a 10 percent stake.

Mar 23 2017

India's Snapdeal searches for funds, takeover speculation grows

HONG KONG/MUMBAI Indian online retailer Snapdeal is seeking investment to shore up its finances after unsuccessful talks with Chinese funds and Alibaba Group Holding Ltd as it battles to remain competitive, sources with direct knowledge of the matter said.

Mar 20 2017

Vodafone, Idea in $23 billion deal to create new Indian telecom leader

MUMBAI Britain's Vodafone Group and Idea Cellular 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. | Video

Mar 09 2017

State-backed rivals force India's e-payment firms to step up

MUMBAI Electronic payment firms got a big boost when India abolished most of the country's banknotes last year, but rival state-sponsored e-payment services are forcing them to raise their game to hang on to their new customers.

Mar 08 2017

India's Flipkart looking to raise $1 billion in latest funding round: source

MUMBAI India's top e-commerce company Flipkart is holding talks with investors to raise up to $1 billion in one of its biggest funding rounds so far, a source familiar with developments said on Wednesday.

Mar 08 2017

India's Flipkart looking to raise $1 bln in latest funding round - source

MUMBAI, March 7 India's top e-commerce company Flipkart is holding talks with investors to raise up to $1 billion in one of its biggest funding rounds so far, a source familiar with developments said on Wednesday.

Feb 28 2017

Tata Sons moves to settle $1.18 billion legal dispute with DoCoMo

MUMBAI India's Tata Sons has agreed to pay NTT DoCoMo $1.18 billion to buy out the Japanese firm's stake in a telecoms joint venture, paving the way for the settlement of a long-standing dispute days after a new chairman took charge at the Indian conglomerate.

Feb 23 2017

Bharti Airtel to buy Telenor's India unit as rival Jio spurs consolidation

MUMBAI/OSLO Bharti Airtel, India's top telecoms network operator, is buying Norwegian Telenor's India unit, in yet another consolidation move in the country's telecoms sector driven by upstart rival Jio's disruptive pricing.

Feb 21 2017

Reliance Jio to offer bargain rates, crosses 100 million customers

MUMBAI Reliance Industries' Jio telecoms unit will charge a tariff for its services from April, but will offer sharp discounts for a year to those who sign up by the end of March, billionaire Indian owner Mukesh Ambani said on Tuesday.

Feb 20 2017

TCS announces up to $2.4 billion share buyback

MUMBAI India's top software services exporter Tata Consultancy Services(TCS) will buy back shares worth up to 160 billion rupees ($2.4 billion), it said on Monday, adding to pressure on similarly cash-rich rival Infosys to follow suit.

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