Anil Ambani’s first cooperation with his older brother Mukesh after eight years meant more than family peace. It has also added $3.5 billion to the market value of the younger brother’s listed companies in five weeks.
Bharti Airtel Ltd., India’s largest mobile-phone operator, will sell a 5 percent stake to the Qatar Foundation Endowment for $1.26 billion after the carrier posted quarterly profit that missed estimates.
Bharti Airtel Ltd., India’s largest mobile-phone operator, agreed to provide billionaire Mukesh Ambani’s competing broadband venture data capacity on its submarine cable connecting India and Singapore.
Billionaire Sunil Mittal and his company Bharti Airtel Ltd. won temporary reprieves in a legal battle over airwaves that’s fueled a 95 percent drop in overseas investment into the world’s second-largest wireless market.
Bharti Airtel Ltd., India’s biggest wireless company, plunged the most in seven months after a court ordered billionaire Chairman Sunil Mittal to appear in court in a case regarding the purchase of airwaves.