Bharti Airtel has approached the Department of Telecommunications to convert its government dues into equity, following Vodafone Idea’s similar move, where the government’s stake increased significantly. This demand arises amidst the government’s reconsideration of waiving interest and penalties on adjusted gross revenue dues.
Geopolitics, crude risk and the IT conundrum: Sridhar Sivaram on why investors may need to stay selective
Geopolitical tensions in West Asia are creating market uncertainty, impacting energy supplies and capital flows. While Indian equities have shown resilience, prolonged conflict could significantly