Bharti to spend Rs 1,600 cr for spectrum payout over 10 yrs; Telenor to service its own debt. In what will lead to yet another multinational exit in the telecom space, Bharti Airtel on Thursday announced the acquisition of Telenor India. It’s a no-cash deal, which will see Norway’s telco packing up and leaving the country, as business had become unsustainable. While the companies refused to speak on the size of the deal, sources in the know pegged Bharti’s cost of ... Rediff.com, 2 months ago
Known for stable returns, near debt-free status and dividend track record, these 10 PSU stocks are worth buying now, says Hamsini Karthik.Illustration: Uttam Ghosh/Rediff.com At a time when stock picking becomes increasingly challenging given the elevated valuations, stocks of State-owned entities offer a fall-back option for investors, thanks to reasonable prices versus their private peers. While Power Grid and NTPC remain favourite public sector undertakings (PSUs), the Oil and Natural Gas ...Rediff.com, 1 month ago
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