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Krishna V Kurup

Grounded Jet Airways' shares sink, rivals rush to grab market share

Apr 18 2019

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

Indian telco Vodafone Idea's $3.6 billion rights issue to cause massive dilution

Mar 20 2019

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.

Brotherly love at Reliance? India's Mukesh Ambani provides 'support' to brother Anil as debt paid off

Mar 18 2019

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.

Singtel injects $525 million in Airtel as competition mounts in India

Mar 07 2019

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.

UPDATE 2-Singtel injects $525 mln in telco Airtel as competition mounts in India

Mar 07 2019

* Singtel's effective interest in Airtel 35.2 pct after offering (Adds analyst comments, background)

Indian, Pakistan markets rattled as Kashmir tensions rise

Feb 27 2019

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.

UPDATE 1-Indian markets slump after air strike on militant camps in Pakistan

Feb 26 2019

* Rupee weakens, bond yields rise (Adds analyst comments, shares)

Sensex, Nifty largely flat; Kotak Mahindra drags

Feb 22 2019

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.

RCom looks to real estate assets, Jio deal to pay Ericsson dues

Feb 21 2019

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.

UPDATE 1-India's RCom looks to real estate assets, Jio deal to pay Ericsson dues

Feb 21 2019

* May ask Jio to pay up soon for 50 bln deal closed in August

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