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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Bharti Airtel’s ambitious plan for Airtel Money is a result of excess cash. The NBFC’s success will depend on how the parent battles the formidable rivals and India’s data privacy regulations.
Billionaire Sunil Mittal has a less-than-stellar record when it comes to handling spare money. Though he is deservedly known as one of India’s most successful entrepreneurs for creating telecom behemoth Bharti Airtel, his attempts to diversify into other businesses have been mostly a non-starter. At 68, he wants to change that.
Mittal wants to invest Rs 20,000 crore (around $2.17 billion) towards creating India’s next financial services giant. “I really hope in the next five-seven years, we will have a Bajaj Finance type of company within Airtel's ecosystem,” he told investors in late February.
That’s a formidable goal, given that Airtel’s …
L’imad Capital’s new idea of outside money, Manchester City’s thorny verdict and other updates from this week.
Instead of going after scale like Jio, the Sunil Bharti Mittal-led telecom giant is chasing a smaller but higher-quality customer base to grow its home broadband segment. Will the bet pay off?
Mukesh Ambani wants investors to price Reliance Industries’ IPO-bound telecom arm like a technology business. In reality, Jio’s tech ambitions remain a work in progress.
