Daily Archives: November 6, 2017

Tata Teleservices, MTNL keep BSE Telecom index up

The S&P BSE Telecom index was trading 0.34 per cent up at 1,705 around 01:50 pm (IST), with shares of Tata Teleservices (Maharashtra) (up 4.91 per cent), Mahanagar Telephone Nigam (up 3.46 per cent), Bharti Infratel (up 2.67 per cent) and ITI (up 2.21 per cent) as the top gainers. However, Reliance Communications (down 5.33

Valic trims Flipkart valuation to $7.9 billion

Bengaluru: Mutual fund investor Valic Co. has trimmed the valuation of India’s most valuable start-up Flipkart, months after the e-commerce market leader raised nearly $3 billion from marquee investors led by Japan’s SoftBank, Tencent Holdings, eBay and Microsoft—an indication that some smaller investors in Flipkart are still divided over its valuation.