Bharti Hexacom IPO opens for subscription today. Should you bid?
Bharti Hexacom's IPO, with strong parentage and brand, is priced at Rs 542-570 per share. Analysts recommend subscribing to the Rs 4,275 crore issue as it is available at a reasonable valuation. The company offers 5G plus services and operates in Rajasthan and the Northeast circles. Key Points
Economic TimesStocks in news: LIC, SBI Cards, Bharti Airtel, Zomato, Vodafone Idea
The Board of SBI Cards has declared an interim dividend of Rs 2.5 per share for the financial year ending 2023-24. The company has also fixed a record date of March 28 for the proposed dividend. Key Points
Economic TimesFaisal Shaikh opens up about his marriage plans and his would-be-wife on Bharti Singh-Haarsh Limbachiyaa's show; says 'Meri Ammi ne dekhi hai'
Faisal Shaikh, also known as Mr. Faisu, discusses his marriage plans and his future wife on Bharti Singh and Haarsh Limbachiyaa's podcast. Find out what he has to say about his mother's involvement in finding a partner for him. Key Points
Times Of IndiaBharti Airtel arm Bharti Hexacom files draft papers for IPO; govt to offload 10 crore shares
The issue comprises an offer for sale of up to 100,000,000 shares by Telecommunications Consultants India. There will be no fresh issue of shares in the IPO, and, therefore, Bharti Hexacom will not receive any proceeds from the share sale, Bharti Airtel said in a release to the exchanges. Key Points
Economic TimesAirtel's selling and distribution (S&D) costs lot higher than Jio's: Analysts
Bharti Airtel's selling and distribution (S&D) costs are nearly four times higher than those of Reliance Jio, with S&D expenses accounting for 8% of revenue compared to Jio's 2%, according to CLSA estimates. Bharti Airtel's higher S&D spend and branding efforts are seen as crucial for sustaining its premium average revenue per user (ARPU), which is 12% higher than Jio's. Key Points
Economic Times
Reliance Jio IPO will be stock rerating catalyst for Airtel: CLSA
BUY-rated Reliance Industries holds 67% of RJio and valuation is 60% higher than the 33% stake from the 2020 sale that raised US$20bn. We also expect RJios planned IPO to serve as a further catalyst for BUY-rated Bharti stock, CLSA analyst Deepti Chaturvedi said. Key Points
Economic TimesBharti Hexacom IPO likely to fetch centre ₹10,000 crore
Airtel has reportedly appointed a clutch of investment banks, including Axis Capital, SBI Caps, IIFL and ICICI Securities to start the IPO process. The listing is likely to be concluded by early-2024. Industry experts, though, said the government's expectations of raking in around Rs 10,000 crore from a potential divestment of its 30% stake in Bharti Hexacom is more than three times higher than an earlier valuation conducted by brokerage J M Financial some two years ago. Key Points
Economic TimesIndia's Bharti Group to buy out French partner AXA's stake in JV
Bharti Group will acquire French insurer AXA's (AXAF.PA) 49% stake in Bharti AXA Life Insurance Co, the Indian conglomerate said on Wednesday, taking full control of a venture that was jointly run for nearly two decades. Key Points
ReutersVoda Idea's survival critical for Indus Towers, says Bharti Enterprises' Akhil Gupta
Akhil Gupta, vice chairman of Bharti Enterprises, has stated that the survival of Vodafone Idea (Vi) is crucial for the growth of Indus Towers, in which Bharti Airtel holds the largest stake. Gupta believes that Vi's investment in 4G and eventual rollout of 5G will drive Indus' growth. He also expects 5G monetization to come from increased data consumption and fixed wireless services, with potential for accelerated fixed broadband adoption. Gupta emphasized the importance of having three fully functional private operators in the Indian telecom industry. Key Points
Economic TimesEutelsat, OneWeb merge to create world’s first GEO-LEO satellite space connectivity co; Bharti Enterprises largest shareholder
India Business News: The newly established entity, headquartered in Paris, will have Bharti Enterprises as its primary shareholder, owning 21.2 per cent of the shares. Key Points
Times Of India
CCI imposes penalty of Rs 1 crore on Bharti Airtel
The penalty is with respect to acquisition of stake by the company in Bharti Telemedia from Warbug Pincus affiliate entity Lion Meadow Investment Limited. “We submit that the Competition Commission of India, vide its order dated August 23, 2023, has imposed a penalty amounting to Rs 1 crore under Section 43A of the Competition Act, 2002,” Bharti Airtel said in a regulatory filing. Key Points
Economic TimesTelcos restricting calls, number of data top-ups to improve ARPU
Indian telecom operators, Reliance Jio, Bharti Airtel, and Vodafone Idea (Vi), have implemented measures to increase their average revenue per user (ARPU), including blocking incoming calls once the plan period ends. Telecom industry analysts suggest that ARPU will only significantly increase when tariffs are raised, which is not expected until after India's general elections next year. Key Points
Economic TimesKapil Sharma’s daughter Anayra holds his hand as she makes her ramp debut, Bharti Singh and son Laksh join them too
Kapil Sharma and Bharti Singh hit the ramp with their children. While Anayra twinned with her father, mamu Krushna Abhishek carried Laksh while they walked the ramp. Key Points
The Indian ExpressBrookfield acquires 51% stake in Bharti Realty
Brookfield Asset Management has bought a 51% controlling stake in Bharti Realty and took over its upscale properties near Delhi airport, Gurugram and Ludhiana. Brookfield's property operating arm, Brookfield Properties, will manage the units part of Bharti Realty. The remaining 49% will be retained by Bharti Enterprises. The transaction was concluded based on an enterprise value of Rs 5,000 crore. Key Points
Economic TimesBharti Airtel share price falls as Reliance Jio launches cheaper plans; HSBC says ‘no threat’, rates ‘Buy’
The shares of Bharti Airtel fell 1.24% to Rs 747 in the intraday trade on Thursday. Following the trend, Vodafone Idea shares hit a new 52-week low, falling 2.5% to Rs 6.25. Key Points
Financialexpress
Bharti Singh, Haarsh Limbachiya celebrate son's first birthday, celebs arrive
Bharti Singh and Haarsh Limbachiya's son Laksh, aka Golla, turned one on Monday. The couple hosted a themed party for the occasion. Key Points
Hindustan TimesBharti Hexacom's Rs 4,275 crore IPO opens on Wednesday. What GMP indicates ahead of subscription
Bharti Hexacom IPO is completely an offer-for-sale, without any fresh equity issue. The company's shares are trading with a grey market premium (GMP) of Rs 40 in the unlisted market. Key Points
Economic TimesBharti Airtel share price gains over 3% on strong Q3 results
Bharti Airtel on Monday posted a consolidated net profit of ₹2,442.2 crore for the third quarter of FY24, registering a growth of 54% from the same quarter a year ago. Key Points
mintMaruti Suzuki remains vulnerable to supply side bottlenecks as chip crisis continues: Rahul Bharti
The problem (chip shortage) is a global one..it could affect different models, different companies, different modules differently..all our efforts are to organise supplies through multiple sources, PTI quoted Maruti Suzuki India Executive Officer (Corporate Affairs) Rahul Bharti as saying in an analyst call. Key Points
Economic TimesBharti Airtel prepays ₹8,325 crore to clear deferred liabilities for 2015 spectrum acquisition
Bharti Airtel had won spectrum worth ₹29,129.08 crore at the auctions that were held in March 2015. Key Points
mint
Bharti Singh shares son Laksh’s aww-dorable new photos on his first birthday. See here
Bharti Singh and Haarsh Limbachiyaa shared new photos of son Laksh on his birthday. Their friends also wished 'Golla'. Key Points
The Indian ExpressAkhil Gupta on how Bharti Airtel survived a tough telecom industry & plans for next 10 years
Akhil Gupta, Vice Chairman of Bharti Enterprises has said that the low return on capital investment is the biggest inhibitor for the growth of the telecom sector in India, pointing out that that is why financially healthy companies such as Bharti Airtel exist. He also emphasised on the fundamental importance of strong balance sheets, and that the digital age brings an opportunity to invest in providing networks to newer collaborative partners while trying to increase revenue per user. Key Points
Economic TimesBharti Airtel ARPU touching 200 an encouraging sign: Naveen Kulkarni
Axis Securities' CIO Naveen Kulkarni says the Nigerian currency devaluation losses reported in Bharti Airtel's African business were not unexpected. Kulkarni explains analysts expected a significant impact on the company's transnational effect on African revenues, however, the Rs 200 ARPU number is an encouraging sign. The stock is expected to open slightly higher based on Bharti's results, Kulkarni said, and added the internal details and management commentary must be reviewed. Key Points
Economic TimesBrookfield completes deal to pick 51 per cent stake in Bharti Enterprises’ 4 commercial properties
In a statement, Bharti Enterprises and Brookfield Asset Management on Monday announced the successful closure of their joint venture agreement for a 3.3 million square feet portfolio of commercial properties primarily located in the Delhi-NCR region. Key Points
FinancialexpressAnalysts bullish on Airtel, see investor returns of up to 27%
Shares of Bharti Airtel advanced as much as 1.3% in Thursday's trading before closing the day at ₹800 on the NSE, up 0.98% from the previous close with a spike in trading volumes. More than 10 million shares exchanged hands on both exchanges, up nearly 2.3 times its combined average daily volume. Key Points
Economic Times
Maruti Suzuki remains vulnerable to supply side this fiscal: Official
Maruti Suzuki's largest carmaker, which could not produce around 1.7 lakh units last fiscal due to semiconductor shortage, is also coming up with measures to reduce the usage of certain kinds of chips in its cars. Key Points
mintIt's time to rationalise and repair telecom tariffs: Sunil Mittal, Bharti Airtel
Sunil Bharti Mittal, founder of Bharti Enterprises, receives an honorary Knighthood for his contributions to UK and India business relations. In an interview, Mittal discusses Bharti Airtel, investment in 5G spectrum, rationalizing tariffs, India-UK economic ties, and the challenges faced by India's telecom industry. He says: We need more investments into fibres, infrastructure and rural areas. Eventually be ready for 6G as well. Key Points
Economic TimesRelief for telcos: SC sets aside HC order on taxing sim card sale discounts
The Supreme Court granted relief to telecom companies, including Bharti Airtel and Vodafone Idea, by setting aside high court orders and ruling that Section 194H of the Income Tax Act does not apply to them in this case. The judgment pertained to the applicability of TDS on discounts given to pre-paid distributors for the sale of SIM/Recharge Vouchers. The court dismissed the Income Tax department's appeals. Key Points
Economic TimesMaruti looking to enhance flexibility in production to roll out vehicles as per market demand
Maruti Suzuki India aims to enhance production flexibility to align with market demand trends. The company plans to prioritize the production of high-selling utility vehicles while reducing the output of entry-level cars. This strategy is intended to address shifts in customer preferences and improve operational efficiency. Key Points
Economic TimesBy the turn of the decade, Maruti Suzuki hopes to do about 750,000 to 800,000 exports: Rahul Bharti
Rahul Bharti, Executive Director, Corporate Affairs, Maruti Suzuki India, discusses the company's structural headwinds in the small car segment due to affordability challenges. He mentions the shift in entry price point from Rs 250,000 to Rs 400,000 and hopes that when income in that segment catches up with the higher cost, the small car segment may see increased volumes. Key Points
Economic Times
Purola tensions latest gash in communally scarred Uttarakhand
But the tension in Purola isn’t just an isolated case in Uttarakhand which has a 13.9% Muslim population according to the 2011 census. | Latest News India Key Points
Hindustan TimesTelecom tycoon Sunil Bharti Mittal becomes first Indian to be knighted by Britain’s King Charles III
KBE is among highest honours conferred by British Sovereign on civilians. Telecom tycoon Sunil Bharti Mittal has been awarded Honorary Knighthood by the British... Key Points
The Tribune India'Husband, son arrested under pressure from top officials', claims JD(U) MLA
Bima Bharti has alleged her son and husband were jailed under pressure from top officials. She also asserted harassment of the ruling government's MLAs in Bihar. Key Points
India TodayWhen Bharti Singh wept after Shah Rukh Khan dressed up and performed as Lalli
Actor Bharti Singh broke down a few years ago when Shah Rukh Khan dressed up as her character Lalli and performed with her on a show. Watch video. Key Points
Hindustan TimesAirtel preparing for tariff hike post elections, Jio to focus on greater data usage: Report
Jio is expected to focus on initiatives that encourage greater data usage, enticing users to transition to higher-tier packages. This strategy is anticipated to enhance Jio's average revenue per user. Key Points
mint
Airtel FCCB holders to get $5.1 million equity
Airtel had issued $1 billion 1.5% foreign currency convertible bonds (FCCBs) in January 2020, due in 2025. The bonds were convertible into the company's fully paid-up equity shares of ₹5 each before February 2025 at the option of the FCCB holders. Bharti Airtel shares closed 1.56% up at ₹760.70 on the BSE Tuesday. Key Points
Economic TimesDatia Election Result 2023: MP State Home Minister Narottam Mishra loses to Congress' Rajendra Bharti afte
Datia, MP Election Result 2023 Latest News: Madhya Pradesh's Home Minister Narottam Mishra trails in the crucial Datia constituency even as the Bharatiya Janata Party holds ground in the state, based on early trends. Mishra secured 6,435 votes in the initial count of 13 rounds, while Congress' Bharti Rajendra led with 7,616 votes, setting the stage for a pivotal showdown. Key Points
Economic TimesTechnical Breakout Stocks: How to trade Linde India, Bharti Airtel and Paytm on Tuesday
The S&P BSE Sensex rose over 100 points while the Nifty50 closed above 22,000. Sectorally, buying was seen in metal, auto, healthcare and capital goods stocks while IT, consumer durables and FMCG saw some selling. Key Points
Economic TimesJPMorgan’s India ECM head Abhinav Bharti said to leave bank
JPMorgan Chase & Co.s India head of equity capital markets, Abhinav Bharti, is leaving after 13 years. Arvind Vashistha will replace him. India is a hot market for deals, with Hyundai Motor Co. considering a $2.5 billion IPO for its India unit. Key Points
Economic TimesRam Mandir inauguration: More than 1,240 cyberattacks blocked
Since the government had anticipated a rise in cyber-attacks during the inauguration, all the pre-emptive measures were put in place. The Telecom Security Operation Centre (TSOC) was monitoring around 264 websites including that of the Ram Temple, Prasar Bharti, UP Police, airport, UP tourism, and the power grid among others round the clock to prevent any cyber-attack. Key Points
Economic TimesAirtel launches 14 stores in Pune
New Delhi, Jan 29 (PTI) Bharti Airtel on Monday said it has launched 14 next-gen company-owned stores in Pune, which will be a one-stop-shop for all its offerings. In a release, the company said the stores will display the entire range of Airtel’s offerings, including Xstream, Xsafe, and 5G Plus. The store staff, referred to […] Key Points
ThePrintIndia's Bharti Airtel Q2 profit drops on one-time charge
Indian telecom operator Bharti Airtel (BRTI.NS) on Tuesday reported a drop in second-quarter profit, hurt by a one-time exceptional loss. Key Points
ReutersBharti Airtel board to consider issuing dividend, Africa arm records $227 mn profit for Q4
Airtel Africa’s revenue was up 17.6% in FY23 to $5.2 billion, while it was up 9.7% on-year, to $1.3 billion in the quarter ended March 2023 Key Points
mintDoT makes plans for next round of 5G auction in January-February 2024
The Department of Telecommunications (DoT) is expected to hold another auction of 5G spectrum in January-February 2023, with a total worth of ₹2.5 lakh crore at base price. The auction is likely to include airwaves in 11 bands from 600 MHz up to above 37 GHz, including millimetre wave (mmWave) bands which may be put up for sale for the first time. Experts predict that the auction will have limited bidding intensity, with only Reliance Jio and Bharti Airtel expected to be in the fray, while Vodafone Idea struggles to survive. Key Points
Economic TimesBharti Enterprises loses appetite for Del Monte JV, to focus on telecom
Bharti Enterprises and global investment group E.L. Rothschild had formed an equal joint venture, FieldFresh Foods, in 2004, to produce and export fresh vegetables and fruits. Three years later, in 2007, the Singapore-listed Del Monte Pacific Ltd acquired 40.1% stake in FieldFresh Foods for $20.8 million. Bharti continued to hold 50% in the company, with Rothschild staying in the company as a minority partner. Key Points
Economic Times
Maruti Suzuki gets set to triple overseas sales in 7 years
Maruti Suzuki, India's largest carmaker, plans to triple its overseas sales by 2030 and aims to become a global manufacturing hub for automobiles. The company intends to increase its share of new energy vehicles in its export basket and is optimistic about surpassing previous year's export volumes. Key Points
Economic TimesAirtel, Jio broadband plans under Trai scanner
The telecom and broadcast regulator's move came after Bharti Airtel asked it to block the recently launched JioFiber Backup plans, saying they were predatory, hurt consumer interests, hindered competition and disturbed the level playing field in the DTH digital TV space. Jio has rubbished the complaint, and asked Trai to warn Airtel not to make frivolous complaints. Key Points
Economic TimesRajiv Jain's GQG Partners picks 0.8% stake in Bharti Airtel for Rs 5,850 crore
GQG Partners, led by Rajiv Jain, bought 49 million shares of Bharti Airtel from Singtel's subsidiary Pastel Limited, reducing Singtel's stake to 29%. Singtel sold stake to fund growth of data center, IT services, and reduce net debt. Singtel raised S$0.95 billion, while adding a marquee name to Airtel's share base. Key Points
Economic TimesIPO Calendar: Bharti Hexacom's Rs 4200 cr IPO, 10 listings to kick-off primary market activity in FY25
Kicking off the IPO market in FY25 is the mega Bharti Hexacom public offer, the sole issue next week, which plans to raise around Rs 4,275 crore. The issue opens for subscription on April 3 and closes on April 5. Key Points
Economic TimesWhen Divya Bharti recalled first autograph she signed for a fan
Divya Bharti once recalled the first autograph she signed for a fan. The late actor, had said over three decades ago, why the incident became embarrassing. | Bollywood Key Points
Hindustan Times
Technical Breakout Stocks: How to trade Linde India, Bharti Airtel and InterGlobe Aviation on Wednesday
The S&P BSE Sensex plunged more than 700 points while the Nifty50 closed over 200 points lower. Sectorally, selling was seen in IT, FMCG, power, oil & gas and telecom stocks. Key Points
Economic Times