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.

Business

Toshiba apologises to shareholders after vote probe

Toshiba apologised to shareholders Monday and said it would remove two directors after a probe found the Japanese conglomerate had sought government help to try and influence a boardroom vote.

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 ...