MUMBAI/BENGALURU Jet Airways shares plunged on Thursday, battered by worries about whether the grounded Indian airline would fly again, while carriers such as SpiceJet rushed in to plug a supply gap in the wake of their rival's demise. | Video
Vodafone Idea Ltd, India's largest telecommunications company by subscribers, is selling $3.6 billion worth of shares in a rights issue at a discount of about 60 percent, which will more than triple its outstanding shares.
MUMBAI The Ambani brothers, whose public feud over control of the Reliance empire after their father's death in 2002 led to a split in the conglomerate, may have taken a major step to a more harmonious relationship on Monday.
SINGAPORE/BANGALORE Singapore Telecommunications Ltd (Singtel) said it will buy roughly $525 million worth Bharti Airtel stock as part of the Indian telecoms operator's plan to raise $4.6 billion through shares and bonds.
* Singtel's effective interest in Airtel 35.2 pct after
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Indian and Pakistan shares fell on Wednesday as tensions between the two countries intensified with Islamabad saying it had shot down two Indian jets a day after Delhi said its warplanes had struck inside Pakistan.
* Rupee weakens, bond yields rise
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The Sensex and the Nifty were subdued on Friday amid declines in broader Asia triggered by a worsening global growth outlook, while Kotak Mahindra Bank Ltd sank to a three-week low after reports of a stake sale by ING Group.
Business tycoon Anil Ambani is planning to use a payment from his brother's company and the sale of real estate assets to pay what he owes to Sweden's Ericsson following a court ruling this week, a source familiar with the matter said.
* May ask Jio to pay up soon for 50 bln deal closed in