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Bharti Airtel chairman Sunil Mittal on Monday hinted at an increase in mobile services prices in six months, saying that data at low rates is not sustainable for the telecom industry. Mittal said 16GB data consumption a month for Rs 160 is a tragedy. “You either consume 1.
These hedge funds, FPIs, domestic MFs picked up Abrdn’s stake in HDFC LifeInvestment firm Abrdn has sold its 1.66% stake in HDFC Life Insurance, through its affiliate abrdn (Mauritius Holdings) 2006. Abrdn sold 3,56,94,105 shares at Rs 579.60 each, accruing a gain of Rs 2,069 crore from the sale.
… Read MoreFirst trillionaire on the planet will be someone solving climate problems: Zerodha founder Nithin Kamath
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… Read MoreSebi mulls mandating additional disclosure for high-risk FPIsThe proposals are designed to prevent circumvention of minimum public shareholding requirements and misuse of the FPI route to guard against risks of an opportunistic takeover. The move follows SEBI's difficulty in identifyin… Read MoreAhead of Market: 10 things that will decide D-Street action on WednesdayIndian equity indices closed flat on Tuesday, as gains in autos and real estate offset a drop in information technology stocks ahead of an anticipated pause in the US Federal Reserve's rate hike. Analysts predict that the gen… Read MoreUS bank stocks rebound, regional banking index hits 6-week highShares of major US banks and regional lenders rose on Tuesday, with the KBW Regional Banking index reaching its highest level since April. This comes at a challenging time for the sector, given concerns over deposit flight, g… Read More
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