Latest news with #Bharti
&w=3840&q=100)
Business Standard
8 hours ago
- Business
- Business Standard
Bharti Airtel hits new high, up 40% in 1 year; brokerages see more upside
Bharti Airtel share price today: Shares of Bharti Airtel hit a record high of ₹1,924, as they rallied 3 per cent on the BSE in Friday's intra-day trade on the back of heavy volumes amid a healthy outlook. The stock price of the telecom services provider has surpassed its previous high of ₹1,916.90, which it touched on May 7, 2025. Thus far in the calendar year 2025, Bharti Airtel has outperformed the market by surging 20 per cent, as compared to a 4.5 per cent rise in the BSE Sensex. In the past year, the stock zoomed 40 per cent, as against a 6 per cent gain in the benchmark index. Reliance Jio initial public offering Mukesh Ambani's telecom giant, Reliance Jio, is reportedly planning an initial public offering (IPO) in the second half of 2025, aiming to be the largest IPO in India. According to media reports, Jio Platforms is estimated to have an enterprise value (EV) in the range of $136 billion-$154 billion at its peak. JM Financial, Mirae Asset Sharekhan see more upside Analysts at JM Financial Institutional Securities have raised Bharti's FY26-27 consolidated Ebitda estimate by 10 per cent, accounting for Indus consolidation. Hence, there is a marginal 0-1 per cent increase in profit after tax (PAT) estimate and a slight increase in target price (TP) to ₹2,050 apiece, from ₹2,035 per share earlier. The brokerage firm in its June 9, 2025, telecom report said that it reiterates a 'Buy' rating on Bharti Airtel as analysts believe India's wireless business tariff hikes are likely to be more frequent given the consolidated industry structure. Higher average revenue per user or ARPU requirement for Jio is not only to justify its significant 5G capex, but also given its potential listing plans. Bharti is the biggest beneficiary of higher tariffs, given the sticky and premium quality of its subs. ARPU growth aided by likely moderation in capex will continue to drive Bharti's free cash flow (FCF), enabling it to get to net cash by FY30; this will also aid in accretion in equity value. However, there is a possibility of continued stake sale by promoters to outside investors, which could be a near-to-medium term overhang as Singtel (effective stake at ~28.3 per cent) and the Mittal family (effective stake at ~22.9 per cent) plan to equalise their stake over a period of time. According to Mirae Asset Sharekhan, Bharti Airtel has delivered a robust performance in FY25, achieving strong revenue and Ebitda growth despite challenges such as African currency devaluation, with a focus on operational excellence and deleveraging, strengthening its balance sheet. The company is making significant strides in mobile, broadband, and digital TV segments, which are expected to be bolstered further by strategic partnerships like Apple TV and Starlink, while continuing to invest in 5G and fibre expansion. The company continues to achieve industry-leading ARPU for India mobile services, while traction from adjacent businesses and moderation of capex intensity is likely to further deleverage the balance sheet, the brokerage firm said; maintain 'buy' rating on stock with a target price of ₹2,170 per share.
Mint
13 hours ago
- Business
- Mint
Bharti Space to invest ₹313 crore in Eutelsat's satellite expansion
Bharti Enterprises' space venture, Bharti Space Ltd, will invest €31.4 million—equivalent to about ₹ 313 crore or $36 million—in French satellite operator Eutelsat as part of the latter's €1.35 billion (around ₹ 11,250 crore) capital raising plan. The company aims to use the fresh funds to pare debt and expand investments in satellite constellations, as it pushes to cement its role in the global space communications market, according to a release by Eutelsat on Thursday. Eutelsat is raising the capital through a mix of a reserve capital increase worth €716 million ( ₹ 6,865 crore) and a rights issue of €634 million ( ₹ 6,330 crore). Bharti Space, along with other key investors—the French government, shipping major CMA CGM, and sovereign investor Fonds Stratégique de Participations (FSP)—will participate in both parts of the fundraise. The equity offering is expected to be completed by the end of calendar year 2025, subject to shareholder and regulatory approvals. Bharti is already an investor in the Eutelsat Group with a 24% market share. With the investment commitment Bharti's shareholding in the entity would be around 18.7%, while French State will become the largest shareholder with a 29.99% stake in the company. Notably, in the merged entity of Eutelsat OneWeb, Bharti owns a 21% stake. Eutelsat's reserved capital increase is being carried out at €4 per share, representing a 32% premium over the company's 30-day average share price on the Euronext Paris stock exchange. According to a company statement, the investment commitments are subject to shareholder nod at an extraordinary general meeting expected around the end of the third quarter of 2025. The capital raise comes at a time of heightened activity in the satellite internet space, especially in India. OneWeb, now part of the Eutelsat Group, has received a licence from the Indian government to launch satellite internet services. However, the rollout remains on hold as the Department of Telecommunications is yet to allocate spectrum for such services. The investment by Bharti also follows closely on the heels of Bharti Airtel's recent partnership announcement with Elon Musk's SpaceX to bring Starlink's satellite broadband service to India. The move indicates that the group is hedging its bets across both GEO and LEO satellite service providers in anticipation of rising demand for rural and remote internet access. 'Eutelsat enters a new chapter, centred on the deployment of LEO, a major innovative and technological revolution for the satellite industry,' said Jean-François Fallacher, CEO of Eutelsat Group. The company is positioning itself as a key player in building a sovereign European satellite infrastructure, supported by its hybrid satellite fleet—35 geostationary (GEO) satellites and over 600 low-earth orbit (LEO) satellites. In a further boost to its long-term outlook, Eutelsat signed a 10-year agreement with France's Ministry of the Armed Forces this week, under the Nexus program. The deal, worth up to €1 billion ( ₹ 9,999 crore), aims to integrate military and civilian satellite resources and strengthen European capabilities in secure space communications.
Time of India
17 hours ago
- Politics
- Time of India
Rifts widen in Himachal Congress: Transfer requests turns into face-off between agriculture minister Chander Kumar and ex-MLA son Neeraj Bharti
1 2 Shimla: A war of words has broken out between Himachal Pradesh agriculture minister Chander Kumar and his former MLA son, Neeraj Bharti, over transfer requests — a sign that differences within the rift-hit Himachal Pradesh Congress Committee are getting worse. A day after former Congress MLA Bharti wrote in a social media post that he had advised his father to resign from the cabinet if he couldn't meet requests by Congress workers, Kumar clarified on Thursday that there was no reason to resign as the matter pertaining to "transfer and adjustment" had been resolved. The minister stated that Bharti is a "young man and sometimes speaks in anger". "There is no question of resignation. This is our internal matter. BJP should worry about itself," he added. The minister clarified that transfers were a "pandora's box in every department, especially in education". He said people, at times, got involved in such transfers and maligned the image of elected representatives as well as the govt. "I don't get involved in such acts. This is a criminal wastage of time," said the minister, adding that some Congress workers had also made such transfers their "profession". by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch CFD với công nghệ và tốc độ tốt hơn IC Markets Đăng ký Undo He added now it had become a norm for even a small party worker to hand over a list of transfer requests when he met the chief minister. After the minister made this statement before the media, Bharti again took to Facebook on Thursday afternoon to express anger against his father. "The compulsion of the chair must be yours, not mine. I did not expect that you will humiliate me by giving such an interview. I am fighting this battle openly on social media because this is not my personal battle nor is it a battle of property, this is the battle of thousands and lakhs of Congress workers and this cannot happen in a closed room," added Bharti. The former MLA went on to mention that if the transfers of BJP members were not cancelled, even if he was alone, he would fight openly against his father and the Congress govt. "Honourable minister sahab, transfers in Himachal Pradesh are also a part of the politics of Himachal Pradesh. When you are in the opposition and the employees associated with your party are transferred to far-off places and you are out of power, you tell them that when the govt comes, we will adjust you, now you somehow spend your time. But when our govt comes, to save their lives, leaders like you give such statements, especially those of Congress, that we have not become MLA or minister for transfers and we do not give importance to transfers," wrote Bharti. The former MLA added that BJP members' requests for transfers were being accepted, but those who openly supported his father in the elections had not been transferred yet.
Time of India
2 days ago
- Entertainment
- Time of India
Laughter Chefs 2: Tejasswi Prakash, Karan Kundrra, and Others Enjoy a Fun Yoga Challenge; Krushna Abhishek Jokes, 'Teja Channel Ko Bol Rahi Hai Ki Permanent…'
Comedy TV show Laughter Chefs 2 has made a special place in the hearts of the audience. While the show inches closer to the finale, the star cast has left no stone unturned to entertain the audience. Tired of too many ads? go ad free now A new promo of the show is out and unveils a yoga challenge. , , and others perform the fun yoga challenge and enjoy it a lot. The challenge begins with asking if anyone can teach yoga. An old lady from the audience named Shakuntala Devi mentions that she will teach everyone how to do yoga. This leaves everyone surprised, and they request her to show them some yoga poses. Shakuntala Devi then impresses everyone with some rare yoga poses, which all the contestants struggle to do. Tejasswi Prakash, on the other hand, pushes her limits and tries to replicate her. Seeing her do that, Krushna Abhishek jokes, 'Ye dekho Tejas ko, channel ko namaste kar rahi hai ki show me permanent rakh lo.' Hearing the same, everyone bursts into laughter. Meanwhile, other contestants like Aly Goni, Abhishek Kumar, and others struggle to do all the yoga poses. Seeing them struggle, Bharti and Krushna burst into laughter. Fans on social media took to the comment section and showered love on their favourite contestants. A user wrote, 'Hahaha Teju is so cute and yes, we do want to see her on the show all the time. Wish that comes true.' Another user commented, 'Wow, Teja is good and I'm loving this side of hers.' One more user added, 'Krushna and Bharti are literally so funny. I can't get over this.' The show is set to welcome Isha Malviya, Shraddha Arya, and others.
Daily Mirror
4 days ago
- General
- Daily Mirror
Hidden heartbreaks of Air India crash from mum's dying wish to pilot's brave act
As families endure the agonising wait of bringing their loved ones home, the Mirror looks at some of the hidden heartbreaks of those onboard the doomed flight In one of the deadliest aviation disasters in decades, 241 people on board the doomed Air India flight have lost their lives, with only one survivor escaping the Boeing jet. Mere minutes after taking off from Sardar Vallabhbhai Patel International Airport in western India, pilots sent a desperate Mayday signal to those on the ground, signalling that something was terribly wrong. This would be the last communication before the Air India Flight 171 hurtled into a college building in a residential area of Ahmedabad, while medical students had been eating their lunch. Over the weekend, search teams faced the harrowing task of recovering remains from the crash site, with a total of 270 bodies accounted for. Among those believed dead are 241 passengers and crew on board, including at least 50 British nationals. The remainder of the bodies are believed to have belonged to those who'd been inside the doctors' hostel or on the ground nearby. The condition of the bodies is such that families must now endure the agonising wait for their loved ones to be identified, delaying their final goodbyes. Incredibly, British passenger Vishwash Ramesh managed to survive the crash, walking away from the scene with just a few minor injuries. His survival is sadly just one ray of hope amid a tidal wave of grief. Investigations into the cause of the crash are ongoing, with those who've lost friends and relatives left with many painful questions amid their grief. It's still unclear exactly what happened in the air. However, devastating stories of those who stepped aboard that day have started to come to light, from a recently widowed father of two who never made it home to his children, to a "very kind" son who'd devoted himself to his father in his final months. Mother's dying wish Arjun Patoliya would no doubt have been dealing with a mix of poignant emotions as he boarded what was to be his final flight. The recently widowed father of two was returning home to London after scattering the ashes of his late wife, Bharti Patoliya, who had sadly passed away from cancer mere days before. In accordance with Bharti's final wishes, Arjun scattered her ashes in the sacred Narmada River in her homeland of Gujarat. For those who follow the Hindu faith, it's believed that being laid to rest at this holy site will purify the deceased's soul. Accompanied by loved ones, Arjun, carried out several funeral rites in his ancestral village, located some 150 miles from the city of Ahmedabad. He never made it home to his children. Now, in the space of just 18 days, Arjun and Bharti's young daughters, aged eight and four years old, have lost both their parents. According to a GoFundMe page, which has raised almost £580,000 for the little girls' futures, "Arjun left to bid farewell to his wife, never returned to the children they both raised. Now, these two beautiful young girls have been left without parents — their world turned upside down in just over two weeks." Pilot's last heroic act In his final moments, Captain Sumeet Sabharwal saved "dozens of lives" thanks to his quick thinking. The 55-year-old has been hailed a "hero" for diverting his plane into a patch of grassland, narrowly avoiding a direct hit on the doctors' hostel. This decision, made with just seconds to spare, will have saved many lives. Geeta Patni, 48, who lived close to the crash site, said: "The building was shaking. We were so scared. There was chaos in the street and fire and smoke. Any closer and we would have died. The pilot saved us. We have always worried this might happen because the planes go over so low." Another local, Jahanvi Rajput, 28, added: "Thanks to the pilot Captain Sabharwal, we survived. He's a hero. It is because of him we are alive. The green space next to us was visible to him and that's where he went." Sisters' birthday trip Sisters Dhir and Heer Baxi, who were both in their 20s, had flown out to Ahmedabad from London to surprise their maternal grandmother on her birthday. They'd been returning from the family celebrations when the plane went down. The siblings are remembered as "young talents" by devastated loved ones. Dhir had been studying to become a fashion designer, while Heer worked as a project director for an investment and renewable energy company. She previously worked in Singapore, where it's understood the two young women grew up. In an interview with The Telegraph, Dhir and Heer's older brother Ishan shared: "I can't express what my complete family is going through – shell shocked, not coming to terms is what I can say right now "Both had a natural aura of helping and always cared about family values. They both had aspirations to be successful enough to roam around the world, tension-free. Along with their parents, they both had a proclivity towards modernisation without changing traditional values. "Both my sisters know what is right and what is wrong, thus whatever work they carried out, in academics or fashion, they always got success with no conflicts amongst peers or seniors." Devoted son Manish Babu, remembered as a "very kind man", had spent the previous few months caring for his ailing father in India. After his father passed away, Manish set off home to Leicester, where he'd lived for 25 years. Shortly after boarding the doomed flight, Manish died alongside dozens of other passengers, in what has proven to be a "big shock" for dismayed relatives. Speaking with LeicestershireLive, Manish's cousin, Dhruven Nanji, said: "He had been in India for three months after his father passed away and was coming back. He's been here for 25 years and was well-known in the community." Survivor's horror The sole survivor of Air India Flight 171 has opened up about the horror he witnessed as he made his miraculous escape. Vishwash Kumar Ramesh told the Hindustan Times: "When the flight took off, within five to 10 seconds it felt like it was stuck in the air. Suddenly, the lights started flickering – green and white – then the plane rammed into some establishment that was there." The 40-year-old London man, who'd been sitting in seat 11a next to an emergency exit, explained that the section of the plane he was in landed on the ground, rather than hitting the roof of a building. Those on the other side would have had no way out. According to Vishwash: "When I saw the exit, I thought I could come out. I tried, and I did. Maybe the people who were on the other side of the plane weren't able to." He continued: "I don't know how I survived. I saw people dying in front of my eyes – the air hostesses, and two people I saw near me … I walked out of the rubble."
