Idea Cellular slips as PE firm to sell stake at discount
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Shares of Idea Cellular were down over 3% at Rs 166 on talk that US-based private equity investor Providence Equity Partners plans to sell part of its stake in the mobile service provider at a discount to the current market price.
On Wednesday, the stock had closed at Rs 172.35 on the Bombay Stock Exchange.
According to reports, the US-based private equity firm plans to sell around 2.4% stake in the mobile phone major through a block deal.
The stock opened at Rs 169 and touched a low of Rs 165 on the BSE so far. Nearly 100 million shares were traded on both the stock exchanges so far.
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Poll strategist-turned-politician Prashant Kishor figures in the electoral rolls of both Bihar and West Bengal, an election official said on Tuesday.
Kishor's Jan Suraaj Party is contesting the assembly elections in Bihar.
According to official records, Kishor is enrolled as a voter in West Bengal at 121, Kalighat Road.
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All flights, 32 in total, operating out of Visakhapatnam Airport were cancelled on Tuesday owing to the severe cyclonic storm 'Montha', said an official.
Visakhapatnam Airport Director N Purushottam said two Air India Express flights were cancelled on October 27.
"Actually, we are operating 30 to 32 movements (flights) daily, domestic as well as international. Today, all those flights are cancelled," Purushottam told PTI.
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Following the announcement of the second phase of Special Intensive Revision (SIR) of electoral rolls, JDU MP Sanjay Jha on Tuesday took a veiled dig at Congress leader Rahul Gandhi and his 'Voter Adhikar Yatra', accusing him of engaging in politics in the name of the SIR exercise.
Jha questioned the absence of Rahul Gandhi, saying, "Such a large procession was held in Bihar regarding SIR. The leader who led the procession has been missing for two months. No one knows where he is. He had nothing to do with Bihar. He simply played politics and left."
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Hindustan Aeronautics Limited (HAL) has signed a memorandum of understanding (MoU) with Russia’s Public Joint Stock Company United Aircraft Corporation (PJSC-UAC) to produce the SJ-100 civil commuter aircraft. The agreement was signed in Moscow on Monday.
The SJ-100 is a twin-engine, narrow-body aircraft designed for short-haul flights.
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Jana Small Finance Bank (SFB) on Tuesday said that the Reserve Bank of India (RBI) has returned its application seeking voluntary transition into a universal bank due to non-fulfilment of the criteria prescribed by the central bank.
Jana SFB had applied for transition into a universal bank earlier this year (FY26), after it closed the financial year 2025 (FY25) with gross non-performing assets (NPAs) and net NPA ratio of below 3 per cent and 1 per cent respectively for two consecutive years.
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