Idea - Vodafone - Merger - Deal - $23 Billion

Idea-Vodafone Sign $23 Billion Merger Deal

The boards of Idea Cellular Ltd and Vodafone India Ltd have approved their merger deal, excluding the latter’s 42% stake in Indus Towers Ltd, heralding the creation of India’s largest telecom company in a $23 b...
joi effect,vanillanews,Reliance Jio, Airtel, telenor, idea, vodafone

Jio Effect: Airtel buys telenor

In yet another consolidation move in the telecom industry, India’s largest telecom operator Bharti Airtel informed the bourses on Thursday that it will acquire Telenor India assets. The move comes at a time whe...

Sensex drops on Diwali Eve, Tata shares fall

The Indian equity markets will hold a special "Muhurat" trading session to mark the start of the Hindu New Year on Sunday. The special trading session is held every year on Diwali. The annual one-hour spe...

Cyrus Mistry removed as Tata Sons Chairman

Tata Group reportedly sought legal opinion before deciding to replace Cyrus Mistry as the chairman. Various media reports suggest that Tata Group sought the legal advise of luminaries like Mohan Parasaran, Just...

Anil Ambani’s Rcom merges with Aircel

The long-awaited merger announcement from Reliance Communications Ltd (RCom) and Aircel Ltd is so sketchy on details, it almost gives the impression the two companies have decided to make things up as they go a...

Flipkart to fire 800 more employees?

After sacking 400 “under-performing” employees in July, the country’s top etailer Flipkart is learnt to be in the process of letting go of 800 more employees. The e-commerce major plans to “out-place” half of ...

Myntra acquires Jabong for $70 m

Jabong, which matched larger rival Myntra in sales until early 2014, has ceded market share since then, as Myntra’s parent Flipkart has been spending crores of rupees on advertisements and discounts to lure cus...

7th Pay Commission cleared by Cabinet

The Union Cabinet has approved recommendations by pay panel on increasing salaries and pension for one crore central government employees and pensioners by at least 23.55%. This implies an annual additional bur...