Business

India telecom rivals see wild share swings after record losses

Shares in Indian telecom giants Vodafone Idea and Bharti Airtel went through wild swings on Friday, initially sinking more than ten percent at the open, after the British joint venture reported the worst quarterly loss in ...

Business

India's under-pressure telecom firms hit with $13 bn bill

India's beleaguered telecom companies were dealt a blow on Friday after being told to pay a whopping $13-billion bill, though boosting Asia's richest tycoon Mukesh Ambani who has shaken up the sector with his low-cost deals.