Bharti Group

Type: Company

Name: Bharti Group

First reported May 15 2013 - Updated May 15 2013 - 1 reports

M&S may face probe for alleged FDI violation

After US retail giant Walmart, it may be UK?s clothing chain (M&S) turn to face the heat from the Enforcement Directorate on charges of alleged violation of Foreign Direct Investment rules levelled against it by the Finance Ministry. The (DIPP) will soon ... [Published Hindu Business Line - May 15 2013]

Entities: Ministry of Finance, Wal-Mart Stores Inc, India

First reported May 03 2013 - Updated May 03 2013 - 1 reports

Bharti Airtel Ltd

Airtel suffers 50% drop in profit due to poor performance of Africa unit

NEW DELHI: Bharti Airtel's net profit fell for the 13th straight quarter as it missed Street estimates to clock a 50% decline because of the poor performance of its Africa unit and a higher tax charge, even as the company's leadership remained upbeat ... [Published Economic Times - May 03 2013]

Entities: Bharti Airtel Ltd, Jagannadham Thunuguntla, SMC Global Securities Ltd, Bharti Group

First reported Apr 18 2013 - Updated Apr 18 2013 - 1 reports

SC postpones Mittal, Ruia's plea hearing to Apr 29

NEW DELHI: The Supreme Court on Thursday put off hearing the pleas of Bharti Group chairman Sunil Mittal and Essar Group promoter Ravi Ruia, who had approached it to quash the summons issued against them by a lower court, after another Judge recused himself ... [Published Economic Times - Apr 18 2013]

Entities: Sunil Bharti Mittal, Ravi Ruia, Bharti Group, Quash

First reported Apr 16 2013 - Updated Apr 16 2013 - 1 reports

CSR: your responsibility

Corporate Social Responsibility (CSR) initiatives focusing on rural employment and education of the underprivileged have fostered uniform development in IndiaA trip to any place in India that doesn't qualify as a Tier-1 or 2 city reveals depressing truths ... [Published ItsMyAscent - Apr 16 2013]

Entities: Corporate Social Responsibility, India, Bharti Foundation

First reported Apr 16 2013 - Updated Apr 16 2013 - 1 reports

Sunil Bharti Mittal

Rajan Mittal quit Bharti Retail after ED launched probe

NEW DELHI: Rajan Mittal resigned as director of Bharti Retail last November, barely weeks after the Enforcement Directorate launched a probe into a controversial $100-million investment by Walmart Stores in Cedar Support Services, the holding company ... [Published Economic Times - Apr 16 2013]

Entities: Bharti Retail Ltd, Sunil Bharti Mittal, Rajan Mittal, Wal-Mart Stores Inc

First reported Jan 16 2013 - Updated Jan 16 2013 - 1 reports

Bharti Airtel CEO Kapoor to step down

Bharti Airtel's CEO of India and South Asia Sanjay Kapoor will resign from his position in order to pursue other opportunities. He has served Bharti Group for almost fifteen years. Kapoor joined Bharti Cellular as its COO in 1998 and soon took over as ... [Published Telecompaper - Jan 16 2013]

Entities: Sanjay Kapoor, Bharti Airtel Ltd, Bharti Group, India, Gopal Vittal

First reported Dec 18 2012 - Updated Dec 18 2012 - 1 reports

Naina Lal Kidwai

Walkout after treating Didi to FDI

New Delhi, Dec. 17: Mamata Banerjee drew only a handful of big-ticket business surnames to her Delhi durbar and one left midway after raising the unpalatable FDI in retail in what was interpreted as a ?walkout?. About an hour into the interaction at the ... [Published Calcutta Telegraph - Dec 18 2012]

Entities: Ajit Gulabchand, Pratap C Reddy, Atul Singh, Rajan Bharti Mittal, Naina Lal Kidwai

First reported Dec 07 2012 - Updated Dec 07 2012 - 1 reports

4G services will take couple of years to proliferate: says Bharti Infratel chairman

Efforts are already being made to launch 4G (fourth-generation) telecommunications services in select centres but it would consume a couple of years for these services to proliferate, Bharti Infratel Chairman Rakesh Bharti Mittal said.Mr. Mittal said ... [Published Topnews.in - Dec 07 2012]

Entities: 4G, Telecommunication, Rakesh Bharti Mittal, IPOs, Bharti Group

Quotes

"The company has been unable to solve its old problems. Add to it, the regulatory uncertainties and the various future payouts... its future is clouded" said Jagannadham Thunuguntla, strategist and head of research at SMC Global Securities

Airtel suffers 50% drop in profit due to poor performance of Africa unit [Published Economic Times - May 03 2013]

"The future of telecommunication industry is in data, not voice," he said. "As soon as we get someone with the financial muscle to invest in the business, it's a good opportunity."

Rwandatel Assets Now Up for Grabs [Published AllAfrica.com - Apr 30 2013]

...However, the mindset needs to come in first. Now each one is following their own agenda," opines Tiwari. "In an emerging economy like India, the onus of wealth-creation lies not only with the government, but also private enterprises; therefore, we need to build platforms where public and private entities can converge and contribute to the growth of such causes" agrees Bhattacharya

CSR: your responsibility [Published ItsMyAscent - Apr 16 2013]

...to the company said Mittal served on the boards of both Bharti Retail as well as Bharti Walmart, the 50:50 cash-and-carry joint venture company. "He continues to be on the board of Bharti Walmart, which has also been issued notice by the ED in connection with the case. If the objective of resigning was to escape summons, Mittal would have quit the Bharti Walmart board as well" said this person

Rajan Mittal quit Bharti Retail after ED launched probe [Published Economic Times - Apr 16 2013]

More Content

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M&S may face probe for alleged FDI violation [Published Hindu Business Line - May 15 2013]
Mahindra Comviva CTO Arun Tanksali talks about ... [Published Techcircle.in - May 07 2013]
Airtel suffers 50% drop in profit due to poor p... [Published Economic Times - May 03 2013]
Rwandatel Assets Now Up for Grabs [Published AllAfrica.com - Apr 30 2013]
SC postpones Mittal, Ruia's plea hearing to Apr 29 [Published Economic Times - Apr 18 2013]
CSR: your responsibility [Published ItsMyAscent - Apr 16 2013]
Rajan Mittal quit Bharti Retail after ED launch... [Published Economic Times - Apr 16 2013]
CBI wants 2G bench to Mittal, Ruia's summons plea [Published Economic Times - Apr 16 2013]
Repression infrastructure to be streamlined in ... [Published Silicon India - Feb 13 2013]
Bharti Airtel CEO Kapoor to step down [Published Telecompaper - Jan 16 2013]
Walkout after treating Didi to FDI [Published Calcutta Telegraph - Dec 18 2012]
4G services will take couple of years to prolif... [Published Topnews.in - Dec 07 2012]
RBI asked to probe FEMA violation by Walmart [Published Topnews.in - Oct 19 2012]
Is India Ready For the Retail Revolution? [Published Silicon India - Sep 27 2012]
Tech Mahindra overpaid for Comviva stake: Deuts... [Published Topnews.in - Sep 18 2012]
Tech Mahindra Acquires 51 Per Cent Stake In Com... [Published Silicon India - Sep 18 2012]