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Bharti Airtel's equity issuance to aid deleveraging, fund 5G capex: Fitch

Bharti Airtel's equity issuance to aid deleveraging, fund 5G capex: Fitch

Bharti Airtel Ltd' planned $ 2.8 billion equity issuance will improve its net leverage to around 2.0x (end-March 2021: 2.1x) and provide funds to strengthen its market position, according to Fitch Ratings.

Bharti will raise equity in three tranches, a quarter of the proceeds to be received upfront and the balance in two instalments within three years.

Bajaj Auto reports 5% increase in sales at 373,270 units in August

Bajaj Auto reports 5% increase in sales at 373,270 units in August

Bajaj Auto on Wednesday reported a 5 per cent increase in total sales at 3,73,270 units in August 2021.

The company had sold a total of 3,56,199 units in the same month last year.

'Best decision for Americans': US President Joe Biden defends troops withdrawal from Afghanistan

'Best decision for Americans': US President Joe Biden defends troops withdrawal from Afghanistan

A day after completing the troops' withdrawal process from Afghanistan, US President Joe Biden said ending the 20-year war was the best and the 'right' decision for America. He said that there was no reason to continue in a war that was no longer in the service of the 'vital national interest' of the US.

Addressing from the White House, Biden on Tuesday said, I give you my word: With all of my heart, I believe this is the right decision, a wise decision, and the best decision for America.

School reopening news: IMA president Dr JA Jayalal makes BIG statement as schools reopen in some states

School reopening news: IMA president Dr JA Jayalal makes BIG statement as schools reopen in some states

Amid declining COVID-19 cases in the country, Indian Medical Association (IMA) president Dr JA Jayalal said on Tuesday (August 31) that the coronavirus risk is quite negligible at the moment and it is the right time for the government to reopen the schools.

Considering possibility of spread, the risk is quite negligible at this moment unless some very catastrophic events take place. It’s the right time when government should come forward and take a calculated risk and open the schools in an appropriate way, he told news agency ANI.

Taliban Afghanistan, Pak, China axis worrying for India: Chidambaram

Taliban Afghanistan, Pak, China axis worrying for India: Chidambaram

Senior Congress leader P Chidambaram on Wednesday said it is too premature to congratulate ourselves over the UN Security Council adopting a resolution on Afghanistan, and cautioned that the possible axis of China, Pakistan and Taliban-controlled Afghanistan is a cause for worry.

His remarks came after the UN Security Council, under India's Presidency, adopted a strong resolution demanding that the territory of Afghanistan not be used to threaten any country or shelter terrorists and that it expects the Taliban will adhere to commitments made by it on regarding the safe and orderly departure from the country of Afghans and all foreign nationals.

Nine new judges administered oath of office by CJI, SC strength rises to 33

Nine new judges administered oath of office by CJI, SC strength rises to 33

Nine new judges, including three women, were on Tuesday administered oath of office as judges of the Supreme Court, taking its strength to 33.

It is for the first time in the history of the apex court that nine judges took oath of office at one go.

Over 640.5 million coronavirus vaccine doses administered in India so far

Over 640.5 million coronavirus vaccine doses administered in India so far

India has administered over 64.05 crore COVID-19 vaccine doses so far, said the Union Ministry of Health and Family Welfare on Tuesday.

As many as 59,62,286 COVID vaccine doses have been administered in the last 24 hours. With this, the country's COVID-19 vaccination coverage reached 64,05,28,644, as per provisional reports till 7 am today. This has been achieved through 68,50,464 sessions.

RIL eyes entering new materials, renewable energy biz through acquisitions

RIL eyes entering new materials, renewable energy biz through acquisitions

Reliance Industries (RIL) is looking to speed up its entry into the new materials and renewable energy business through fresh acquisitions. RIL Chairman Mukesh Ambani had announced that the company will be going global under its new energy business during the 44th Annual General Meeting in June this year.

RIL is believed to be closing in on a deal to buy out the REC Group, a Norway-headquartered solar module maker with links to the Chinese government-owned China National Chemical Corporation (ChemChina). The deal with RIL is estimated at around $ 1.2 billion.

Aptech hits over 3-year high ahead of board meet to launch new online biz

Aptech hits over 3-year high ahead of board meet to launch new online biz

Shares of Aptech hit an over three-year high of Rs 304 as they rallied 5 per cent on the BSE in intra-day trade on Tuesday ahead of the board meeting today to conduct the business transactions to introduce or launch a new online business for the company.

The stock of information technology (IT) services provider was trading at its highest level since April 2018. It had hit a record high of Rs 449 on December 11, 2007.

Gold price today at Rs 47,500 per 10 gm, silver trending at Rs 63,600 a kg

Gold price today at Rs 47,500 per 10 gm, silver trending at Rs 63,600 a kg

The price of 10 gm of 24-carat gold decreased by Rs 160 to Rs 47,500 on Monday. In previous trade, gold had closed at Rs 47,660 per 10 grams.

Silver was selling at Rs 63,600 per kg, falling by Rs 200 since Monday’s trade, according to Good Returns website.

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