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Bharti Airtel, MTN in $23 billion merger deal talks

Posted on: May 25th 2009 in Press Releases.

NEW DELHI: India’s largest telco Bharti Airtel on Monday said it has in talks to acquire a 49% stake in Africa’s largest telco MTN to create a entity stretching from the Cape of Good Hope across the African continent, West Asia and the Indian Subcontinent with revenues of about $20 bi…

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Traders cover intraday shorts ahead of poll verdict

Posted on: May 14th 2009 in Market News.

MUMBAI: With the exit polls indicating that the Indian parliament could be headed for a weak coalition government, market players preferred to stay on the sidelines ahead of the final verdict on Saturday. According to the exit polls, the ruling Congress-led alliance and its rivals are fa…

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