Rupee slumps 49 paise
Market

Rupee slumps 49 paise to 75.82 against US dollar in early trade

The rupee declined 49 paise to 75.82 against the US dollar in opening trade on Wednesday amid a weak risk appetite as tensions escalated in Eastern Europe. Forex traders said sustained foreign fund outflows, a lackluster trend in domestic equities and elevated crude oil prices weighed on investor sentiment. At the interbank foreign exchange, the rupee opened at […]

India records over 8 000 fresh
Coronavirus News

India records over 8,000 fresh Covid-19 infections, 119 more fatalities

The single-day rise in coronavirus infections fell below 10,000 after two months, with 8,013 cases taking India’s total tally to 4,29,24,130, while active cases have declined to 1,02,601, according to Union health ministry data updated on Monday. On December 28 last year, 9,195 people were infected in a day. The death toll has climbed to 5,13,843 with […]

Bharti Airtel
Companies

Bharti Airtel to acquire Vodafone’s 4.7% stake in Indus Towers

Telecom operator Bharti Airtel Ltd said on Friday it agreed to buy Vodafone Group Plc’s 4.7% stake in India’s largest cell tower firm Indus Towers Ltd. Britain’s Vodafone said earlier this week it was looking to sell its entire 28.1% stake in Indus Towers. Airtel said it has agreed with Vodafone to buy 4.7% equity interest in Indus Towers on the principal […]