Bharti Airtel to simplify shareholding pattern in foreign units and other top corporate news of the day

India Infoline News Service | Mumbai | February 09, 2017 08:31 IST

Check out the most important news stories which captured the headlines at the corporate level in India and internationally.

Airtel
The Government is mulling the merger of about half a dozen state-owned consultancy firms like Engineering Projects (India) Ltd with Engineers India Ltd (EIL) to create a mega consultancy firm that can take on the might of global giants like Bechtel. (BL)
 
Reliance Jio rubbished Bharti Airtel’s statement on providing 35,000 points of interconnect to the company as “malicious” and “misleading”. (BS)
 
Founders of Infosys have flagged concerns over transparency and corporate governance at second-largest software exporter in the country. (BS)
 
Federal Bank Limited has partnered with online data and information portal Commodity Online for the distribution of loans against warehouse receipts and collateral management services across the country. (ET)
 
Mahindra Lifespace Developers announced a partnership with State Bank of India (SBI) to set up a platform for providing quicker and convenient financing of home purchases. (ET)
 
Infosys is planning up to a Rs 120 bn ($ 1.8 bn) share buyback, a move that is pending final nod from its key shareholders, including the founders. (ET)
 
Schneider Electric India has announced it has powered more than 2GW of solar capacity in India through its inverters, transformers and other medium-voltage equipment and expects to achieve 2.5GW by March 2017. (BL)
 
Bharti Airtel is restructuring its shareholding pattern of foreign subsidiaries to simplify the structure and bring in synergies between the companies. (BS)
 
The Competition Commission has approved the acquisition of Reliance Infrastructure by the Adani Transmission. (BS)
 
Softbank has written off around $ 475 mn (Rs 32.26 bn) in the value of its combined shareholding in Ola and Snapdeal, its two largest investments in India, in the nine months ended December 31. (BS)

 

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