Bharti Airtel, India’s second-largest telco, reported a 50% YoY increase in its consolidated net profit for the fiscal Q4 as it benefited from a one-time exceptional gain from its Africa business and saw strong 4G user additions and increased data and voice services consumption. Revenue grew by 0.6% sequentially and 14.3% YoY, while mobile revenue grew just over 1% sequentially and 12% YoY. The telco’s shares closed 1.44% lower after it recommended a final dividend of Rs. 4 per fully paid-up equity share of face value of Rs. 5 each.
Sebi returns draft IPO papers of Anand Rathi Share and Stock Brokers
Jan 20 Sebi has returned the draft IPO documents of Anand Rathi Group’s brokerage arm Anand Rathi Share and Stock Brokers, which proposed to raise
January 20, 2025