Bharti Telecom chairman Sunil Mittal says the group should regain majority control of Bharti Airtel, after years when foreign and strategic investors diluted its dominance. Speaking to analysts, he backed a ₹28,220 crore share-swap with ICIL, which is expected to lift the Mittal family’s stake while narrowing the gap with Singtel. Bharti Telecom also plans to expand its ownership in Airtel Africa, potentially topping 78% and aiming for up to 90%, supported by buybacks and future consolidation.
Indian equities extended gains for a second straight day, with the Sensex crossing 75,000 and the Nifty holding above 23,500 despite a weak rupee nearing record lows. High oil prices added pressure, yet stocks opened higher and climbed, led by Bharti Airtel. Pharma and metal also joined the rally as investors stayed upbeat.
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Bharti Airtel shares rose more than 2% after its Q4 numbers showed a 34% year-on-year fall in consolidated net profit to Rs 7,325 crore. Investors instead leaned into stronger operations as revenue jumped 16% to Rs 55,383 crore, led by steady India performance and resilient Africa operations, with India revenue up 8% including passive infrastructure services.
Bharti Airtel’s board has approved Sunil Bharti Mittal’s return as Chairman for an additional five-year term starting October 2026, along with Nisaba Godrej continuing as an Independent Director for another five years from August 2026. The company says both appointments are subject to shareholder approval, following a board meeting on May 13, 2026.
Bharti Airtel reported Q4 FY26 consolidated net profit of Rs 7,325 crore, down 34% year-on-year, even as revenue grew 16% to Rs 55,383 crore. The telecom firm recommended a final dividend of Rs 24 per share and pointed to strong performance across India and Africa, while also investing in digital lending and AI initiatives.
HDFC Mutual Fund’s April 2026 portfolio stayed heavily focused on banks, with ICICI Bank, HDFC Bank and Axis Bank among the top holdings. The fund also expanded exposure to Reliance Industries and Bharti Airtel, alongside increased allocation to Kotak Mahindra Bank and Eternal, signaling a cautious broadening beyond core financials.
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Indian markets closed lower as global headwinds and geopolitical worries weighed on sentiment. Paytm, Bajaj Auto and L&T drew attention for their Q4 developments, while Hero MotoCorp posted strong earnings. L&T reported a profit decline but announced a dividend. Bharti Airtel is also exploring network slicing to support premium services, adding a tech angle to the stock mix.
Bharti Airtel is exploring 5G network slicing, a setup that creates virtual networks tailored to specific needs. The telecom operator wants to monetize its 5G infrastructure by enabling premium voice and data plans, potentially covering both retail and enterprise customers. The initiative comes after Reliance Jio’s push into enterprise use-case offerings, signaling a new battleground in 5G monetization.
India’s market cap rankings are seeing a quiet reshuffle at the top. Reliance stays No 1, but HDFC Bank has overtaken Tata Consultancy Services. Bharti Airtel makes a major jump into the top tier, while Infosys slips down the order. ICICI Bank holds steady and State Bank of India rises despite volatility.
Vodafone Idea’s CEO said the firm is considering only minor adjustments to mobile tariffs and has no immediate plans for a broad structural price hike. The statement comes after Bharti Airtel raised its prepaid plans, but Vodafone Idea is prioritizing performance improvement and subscriber growth instead. The government also holds a significant stake in the company.
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