Tag Archives: billion

Bharti Airtel is planning to pre-pay $1.5 billion debt with its subsidiary Bharti Airtel International (Netherlands), using the proceeds it got from six global entities investing in its Africa unit. This offer has been made with a view to pro-actively manage its capital structure, reduce gross debt and leverage by ... Read More »

Six leading global investors comprising Warburg Pincus, Temasek, Singtel, SoftBank Group International and others have completed investment of $1.25 billion in Bharti Airtel’s UK incorporated subsidiary — Airtel Africa. This investment demonstrates the confidence of leading global investors in the company’s ongoing robust growth and profitability. The investment also reinforces ... Read More »

Six leading global investors comprising Warburg Pincus, Temasek, Singtel, SoftBank Group International and others have agreed to invest $1.25 billion in Bharti Airtel’s UK incorporated subsidiary — Airtel Africa, through a primary equity issuance in the company at a post money equity value of $4.4 billion. This investment demonstrates the ... Read More »

India’s draft National Policy on Electronics (NPE) released by the Ministry of Electronics and Information Technology (MeitY) has set an ambitious target of creating a $400 billion electronics manufacturing industry by the year 2025, with mobile devices segment accounting for three-fourths of the production. The proposed policy aims to double ... Read More »

Tata Consultancy Services’ (TCS) ‘Billion Steps Challenge’ has received an overwhelming response, with over 200,000 participants across the globe registering and collectively logging a record three billion steps. At over 2.4 million kms, this distance is equivalent to three return trips to the moon, or going sixty times around the ... Read More »

United States retail giant Walmart will buy 77% stake in India’s Flipkart for 16 billion dollars.   Walmart’s Krish Iyer will be the CEO of the company which will continue to be based out of Bengaluru. Walmart and Flipkart will remain separate brands and the Indian e-commerce company will have ... Read More »

The World Heritage-listed site, which attracts millions of tourists, is reeling from significant bouts of coral bleaching due to warming sea temperatures linked to climate change. The reef is also under threat from the coral-eating crown-of-thorns starfish, which has proliferated due to pollution and agricultural runoff. Prime Minister Malcolm Turnbull ... Read More »

13/3/2018 – Revolution Precrafted, a unicorn startup that is based in the Philippines has just signed a landmark US$3.2 billion deal to manufacture luxury apartments and hotel villas in Dubai’s famous The World Islands. Located four kilometers off the coast of Dubai, the World Islands is a groundbreaking development that ... Read More »

In the rush to deliver smart devices to the masses, most manufacturers have failed the security test, leaving both users and devices exposed to hackers. 2016 has been a wake-up call for device makers. The real battle begins now. 30 billion devices will be connected to the Internet by the ... Read More »