India markets closed
  • BSE SENSEX

    48,878.54
    -746.22 (-1.50%)
     
  • Nifty 50

    14,371.90
    -218.45 (-1.50%)
     
  • USD/INR

    72.9720
    +0.0220 (+0.03%)
     
  • Dow

    30,941.67
    -234.34 (-0.75%)
     
  • Nasdaq

    13,484.02
    -46.90 (-0.35%)
     
  • BTC-INR

    2,363,622.00
    +139,676.00 (+6.28%)
     
  • CMC Crypto 200

    642.61
    +32.62 (+5.35%)
     
  • Hang Seng

    29,447.85
    -479.91 (-1.60%)
     
  • Nikkei

    28,631.45
    -125.41 (-0.44%)
     
  • EUR/INR

    88.8407
    +0.0460 (+0.05%)
     
  • GBP/INR

    99.6743
    -0.4912 (-0.49%)
     
  • AED/INR

    19.8230
    +0.0070 (+0.04%)
     
  • INR/JPY

    1.4198
    +0.0037 (+0.26%)
     
  • SGD/INR

    54.9710
    -0.1950 (-0.35%)
     

Bharti Airtel spurts on receiving approvals for downstream investments

·1-min read

In compliance to the foreign direct investment (FDI) approval dated 20 January 2020 granted to Bharti Airtel by the Department of Telecommunications (DoT), the company has received approvals for its relevant downstream investments. Accordingly, the telecom major is initiating the process to revise its foreign investment limit, as notified to its depositories, to 100% with immediate effect.

On a consolidated basis, Bharti Airtel reported a net loss of Rs 763.20 crore in Q2 September 2020 lower than net loss of Rs 23,044.90 crore in Q2 September 2019. Net sales jumped 22% to Rs 25,785 crore in Q2 September 2020 over Q2 September 2019.

Bharti Airtel is a leading global telecommunications company with operations in 18 countries across Asia and Africa.



Source: Capitalmarket.com