Bharti Airtel on Friday said that it has paid Rs 15,519 crore to the Department of Telecom towards pre-payment of the entire deferred liabilities pertaining to spectrum acquired in auction of year 2014. The company had acquired 128.4 MHz spectrum (including Telenor spectrum) for a consideration of Rs 19,051 crore in the 2014 auction.

These liabilities were due in annual instalments from FY 2026-2027 to 2031-2032 and carried an interest rate of 10% (the highest rate amongst the deferred liabilities and borrowings) and an average residual life of seven-plus years.

RateGain Travel Technologies (RTTL) has made a weak stock market debut, with its shares listed at Rs 360, a 15 per cent discount to its issue price of Rs 425 per share on the National Stock Exchange (NSE). The stock opened at Rs 364.80, a 14 per cent lower from its issue price on the BSE.

At 10:02 am; the stock was traded at Rs 372, a 12 per cent discount when compared to its issue price. The stock so far had hit a high of Rs 375.05 and a low of Rs 342.30 in intra-day trade on the BSE.

Shares of information technologies (IT) companies were in demand with Nifty IT index gaining over a per cent in an otherwise weak market after Accenture reported strong results for the quarter ended November (Q1FY22) and also gave a strong FY22 outlook. Accenture follows July to August as financial year.

At 09:41 am; Nifty IT index, the sole gainer from the sectoral indices, was up 1.5 per cent, as compared to 0.63 per cent decline in the Nifty50 index.

While Jio has consistently added new subscribers (net addition) every year since its launch, Airtel has been able to contain porting out with porting in and new subscribers as they take up smartphones.

Vodafone lost out, not so much in the immediate years after Jio’s entry, as much after the pandemic. In fact, Airtel and Jio added a similar number of net new customers from September 2020 to September 2021, eating into the subscriber base of Vi with nearly equal force.

Software major Infosys, which has drawn flak for glitches in the new income tax portal, has set up a dedicated war room to monitor the performance of the portal as the extended deadline of December 31 for filing income tax returns for FY21 approaches.

As of December 15, 35.9 million income tax returns (ITR) have been filed on the new e-filing portal with the daily filings crossing 600,000 per day.

The Omicron variant of coronavirus infects and multiplies 70 times faster than Delta and the original COVID-19 strain, but the severity of illness is likely to be much lower, according to a study.

The yet-to-be peer-reviewed study provides the first information on how the novel variant of concern infects human respiratory tract.

Shares of HDFC Asset Management Company and Aditya Birla Sun Life AMC hit their respective 52-week lows on the BSE in Thursday's intra-day trade.

HDFC AMC, the investment manager to HDFC Mutual Fund (HDFC MF), was down 2 per cent to Rs 2,411.15, breaching its previous low of Rs 2,427.10, touched on November 29, 2021.

Cash management company CMS Info Systems has fixed a price band of Rs 205-216 a share for its Rs 1,100-crore initial public offering (IPO).

The initial share-sale will be open for public subscription during December 21-23.The bidding for anchor investors will open on December 20, according to the company.

Tata Power on Thursday said its arm TP Saurya has received a 'Letter of Award' from Maharashtra State Electricity Distribution Company (MSEDCL) for setting up a 300 MW hybrid (wind & solar) project.

TP Saurya Ltd (TPSL), a wholly-owned subsidiary of Tata Power, has received this Letter of Award (LoA) in a bid announced by MSEDCL, a company statement said.

IT services major Tata Consultancy Services (TCS) on Thursday announced that Plaza Premium Group (PPG), a global airport hospitality services provider based in Hong Kong, has selected it to develop an end-to-end digital platform that will improve customer experience and operational excellence at its 70 airport locations that serve 20 million passengers annually.

The long-term partnership focuses on reimagining the end-to-end airport travel experience across three core areas: customer experience, employee experience and operational excellence. The financial details of the deals were not disclosed.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.