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Telecom major Bharti <keyword id="15491" type="General" weightage="100" keywordseo="airtel" source="Orion">Airtel</keyword> on Tuesday launched its video platform as a service (CPaaS), <keyword id="12341453" type="General" weightage="80" keywordseo="airtel-iq-video" source="Orion">Airtel IQ Video</keyword>, that allow businesses to build video streaming products for large and small screens with minimal investment in infrastructure and technology. Airtel <keyword id="12343318" type="General" weightage="80" keywordseo="iq-video" source="Orion">IQ Video</keyword> is an end-to-end managed solution that brings convenience along with cost benefits. "Airtel IQ Video brings an easy-to-use platform that can enable anyone to quickly build and scale their business in video streaming," Bharti Airtel Chief Product Officer Adarsh Nair said in a statement. "This will encourage enterprises to focus on content while Airtel IQ Video anchors the end-to-end technology ensuring a great viewing experience for customers. With Airtel IQ Video, we expect to see more content startups and traditional content companies coming online and directly engaging with consumers digitally," he added. It encompasses a variety of features ranging from app development, content hosting, curation and lifecycle management to search and discovery, analytics and monetisation models (advertising, subscriptions, transactions). During the beta phase, Airtel IQ Video has also been deployed by Eros Now and CG Telecom of Nepal. Airtel is expecting to onboard more than 50 brands on the platform in coming year as interest from market has been high. Airtel IQ, a cloud-based omni-channel communications platform, enables brands to deepen engagement with customers through timely and secure communication. It eliminates the need for multiple communication platforms for different channels, the company said. With just a slice of code, businesses can embed communication services such as Voice, SMS, IVR, Video in their applications and digital properties across desktop and mobile, all through a unified platform. SEE ALSO: <a href="https://www.businessinsider.in/business/telecom/news/airtel-vodafone-idea-and-reliance-jio-have-till-october-29-to-opt-for-the-agr-dues-moratorium/articleshow/87107590.cms">Airtel, Vodafone Idea and Reliance Jio have till October 29 to opt for the AGR dues moratorium</a> <a href="https://www.businessinsider.in/business/telecom/news/list-of-airtel-black-plans-with-price-and-benefits/articleshow/86990114.cmsc">Airtel Black plans: Here are the price, benefits and other details</a>

Airtel announces IQ Video platform, to enable businesses to build video streaming products

<ul><li>The top court would hear on Monday the arguments on the government's petition to allow telecom service providers to make staggered payments of the adjusted gross revenue (AGR) over a 20-year period. </li><li>Around 1.45 p.m., shares of Vodafone Idea on the BSE were trading at Rs 9.50, higher by 6.98 per cent from its previous close.</li><li>Share price of Bharti <keyword id="15491" type="COMPANY" weightage="20" keywordseo="Airtel">Airtel</keyword> was higher by 1.12 per cent at Rs 573.70.</li></ul> Shares of telecom operators Vodafone Idea and Bharti Airtel rose on Monday ahead of the hearing on the AGR matter in the Supreme Court. Around 1.45 p.m., shares of Vodafone Idea on the BSE were trading at Rs 9.50, higher by 6.98 per cent from its previous close. Share price of Bharti Airtel was higher by 1.12 per cent at Rs 573.70. The top court would hear on Monday the arguments on the government's petition to allow telecom service providers to make staggered payments of the adjusted gross revenue (AGR) over a 20-year period. SEE ALSO: <a href="https://www.businessinsider.in/careers/news/tcs-infosys-hcl-tech-and-wipro-open-up-lateral-hiring-as-more-people-walk-out-the-door-during-the-covid-19-pandemic/articleshow/77045880.cms">TCS, Infosys, HCL Tech and Wipro open up lateral hiring as more people walk out the door during the COVID-19 pandemic</a> <a href="https://www.businessinsider.in/international/news/the-world-health-organization-reported-back-to-back-record-high-daily-increases-in-new-coronavirus-cases/articleshow/77045335.cms">The World Health Organization reported back-to-back record-high daily increases in new coronavirus cases</a> <a href="https://www.businessinsider.in/science/research/news/nasa-warns-of-a-massive-asteroid-bigger-than-the-famous-london-eye-approaching-earth-on-july-24/articleshow/77052200.cms">NASA warns of a massive asteroid bigger than the famous London Eye approaching Earth on July 24</a>

Airtel and Vodafone are fully charged with hopes of a relief from India's Supreme Court

<ul><li>Airtel has been one of the resilient stocks over the last few months even as the AGR issue and Coronavirus-fueled market crash has wiped off lakhs of crores of investor wealth.</li><li>The Airtel stock could rally thanks to the Jio-Facebook deal and the weakening of Vodafone Idea.</li><li>The Airtel stock has been given a ‘Buy’ rating with a target price of ₹606, which is an upside of more than 20%.</li></ul>Airtel was the market leader before the arrival of <keyword id="6354504" type="DEFINITION" weightage="20" keywordseo="reliance-jio">Reliance Jio</keyword>, but it has since <a href="https://www.businessinsider.in/business/corporates/news/mukesh-ambanis-reliance-jio-becomes-the-largest-telco-by-revenue-and-subscribers-as-industry-shows-signs-of-recovery/articleshow/73667566.cms">ceded its lead position</a> to the Mukesh Ambani-owned telecom company. However, the gap between the two leading mobile service providers may be too huge, according to market experts. When it comes to the market cap, though, Airtel is 1.6 times smaller than Jio. Vodafone Idea, on the other hand, is 39 times smaller than Jio, which is currently valued at ₹4.4 lakh crore <a href="https://www.businessinsider.in/business/news/jio-a-3-year-old-telecom-company-is-now-bigger-than-hdfc-infosys-and-itc-and-indias-largest-bank/articleshow/75290132.cms">after the Facebook deal</a>. <div type="image" title="Jio market cap telecom companies" msid="75533839" hostid="261"></div> <div type="Article" hostid="261" msid="75290132" title="Jio, a 3-year old telecom company, is now bigger than HDFC, Infosys and ITC – and India's largest bank" mstype="2" mssubtype="0"></div> Analysts suggest that Airtel has been one of the more resilient stocks in the market even as the economic downturn and Coronavirus crisis have wiped lakhs of crores of investor wealth. Its strong financials, the weakening of Vodafone Idea and the Jio-Facebook deal have all contributed to Airtel’s stock scaling back to its 52-week high of ₹568. <div type="image" title="Airtel stock 01_01_20 to 04_05_20." msid="75533863" hostid="261"></div> “Airtel has been able to raise funds to meet current AGR demands. In the short-term, Airtel will be the beneficiary if there is any weakening of Vodafone Idea,” said Mahesh Uppal, Telecom Analyst &amp; Director, Com First India told Business Insider. “It is often forgotten that, in general, Airtel and Vodafone, being early entrants to the market, have a higher quality of subscribers, in terms of paying capacity, than their competitors. If the AGR issue does not get resolved to the comfort of Vodafone Idea, Airtel will be best placed to benefit,” he further added. "Expects positive for Bharti Airtel after US based fund Silver Lake partner bought Reliance Jio stake at a premium. Higher valuation on Reliance Jio may positive on Bharti Airtel," <a href="https://twitter.com/MotilalOswalLtd/status/1257514187766460416" data-type="tilCustomLink" style="">said</a>Motilal Oswal. AGR, short for adjusted gross revenue, is a revenue sharing agreement between the Indian government and the telecom companies. According to this agreement, the telecom companies have to share a percentage of their AGR as annual license fee and spectrum usage charges. The Supreme Court recently ordered companies to pay up a disputed amount retrospectively for over a decade. According to the Department of Telecom estimates, Airtel owes ₹35,586 crore to the government. What are the analysts saying? “We retain our constructive view on Bharti Airtel (Bharti) considering its ability to capitalise on the higher data demand tailwind leveraging its strong balance sheet and network capacity,” said Edelweiss Research in its report dated April 20 where it pegged the target price for Airtel at ₹606. <table><tbody><tr><td>Brokerage</td><td>Target price for Airtel</td></tr><tr><td>Edelweiss </td><td>606</td></tr><tr><td>Angel Broking</td><td>594</td></tr></tbody></table> India is <a href="https://www.businessinsider.in/tech/news/heres-why-facebooks-mark-zuckerberg-is-paying-top-dollar-for-a-stake-in-mukesh-ambanis-reliance-jio/articleshow/75286331.cms">expected to add</a> more than 150 million active internet subscribers in the next 12 months, according to IAMAI. Given the weakening of Vodafone-Idea, both as a firm and a brand, the India telecom market is narrowing down to a duopoly between Reliance Jio and Airtel. The difference in market value of the two telcos is just too huge given the growth potential and the lack of competition. See also: <a href="https://www.businessinsider.in/business/telecom/news/india-is-changing-its-mobile-habits-and-that-can-help-airtel-and-vodafone/articleshow/75152973.cms">India is changing its mobile habits and that can help Airtel and Vodafone</a> <a href="https://www.businessinsider.in/business/telecom/news/airtel-signs-7636-crore-deal-with-nokia-to-enhance-4g-network-lay-foundation-for-5g-network/articleshow/75423000.cms">Airtel signs ₹7,636 crore deal with Nokia to enhance 4G network, lay foundation for 5G network</a> <a href="https://www.businessinsider.in/business/corporates/news/reliance-jio-stake-sale-to-silver-lake-boosts-ril-share-valuation/articleshow/75526873.cms">Reliance Jio’s valuation jumps more than half a billion dollars in just 12 days, thanks to Silver Lake</a>

Airtel shares set for a catch up rally after Reliance Jio takes a huge valuation lead

<ul><li><keyword id="6354287" type="General" weightage="20" keywordseo="bharti-airtel" source="Orion">Bharti Airtel</keyword> launched India’s first multiplex on the Partynite Metaverse platform.</li><li>The 20-screen multiplex will showcase content portfolios from leading OTT platforms partners.</li><li><keyword id="15491" type="General" weightage="20" keywordseo="airtel" source="Orion">Airtel</keyword>’s latest metaverse multiplex will enable viewers to watch samples of top original shows and movies.</li></ul>One of the biggest telecom companies in India, Bharti Airtel, entered the multiplex business but in the metaverse. The company on Tuesday (June 17) launched India’s first multiplex on the Partynite Metaverse platform. The 20-screen multiplex — which is a part of Airtel’s video app Xtream — will showcase content portfolios from leading over-the-top (OTT) platforms it has partnered with. A quick scan of the website reveals that Airtel Xstream offers content from OTT platforms like Amazon Prime, Sony Liv and Eros Now. The Xstream multiplex is an extension of Airtel’s Xstream Premium offering, which added two million subscribers within 100 days of its launch. “Airtel’s Xstream multiplex provides a larger-than-life experience, which brings together Web 3.0 apps and immersive storytelling, and an assortment of content from our partners. We all know people’s love for movies and entertainment in India. Through the metaverse, we are looking to tap into a larger audience, giving content enthusiasts an opportunity to sample Airtel’s Xstream Premium offering and, thus, aiding in driving higher adoption,” Shashwat Sharma, director of marketing at Airtel, said in a statement. Airtel’s latest metaverse multiplex will enable viewers to watch samples — such as the first episode or initial minutes — of top original shows and movies. These shows or movies will be in multiple regional languages, besides English and Hindi. Viewers can get complete access upon subscription of a plan, the company added. Airtel Xstream Premium’s multiplex experience is one of the most scalable use case scenarios for the metaverse and can be used for movies, music, live events and premium sports streaming in the future, Partynite’s founder Rajat Ojha said. “Apart from the robust scope, it will also allow social engagement, open up newer methods of content delivery and, of course, provide an immersive experience at the core of it,” he added. Airtel is a global communications solutions provider with over 490 million customers across 17 countries across South Asia and Africa. The company<a href="https://www.businessinsider.in/business/telecom/news/reliance-jio-vs-bharti-airtel-four-charts-to-showcase-how-indian-telecom-giants-faired-in-2022/slidelist/91640306.cms#slideid=91640359"> earned ₹1.17 lakh crore</a> across its several businesses in the fiscal year 2022, while its profits lingered at ₹8,305 crore. Bharti Airtel’s shares were trading at a price of ₹681 at 1:06 pm on Tuesday, representing a slight spike of 1.47% since market opening. SEE ALSO <a href="https://www.businessinsider.in/business/news/adani-sells-a-fourth-of-its-green-hydrogen-business-to-frances-totalenergies/articleshow/92197541.cms" style="">Adani sells a fourth of its green hydrogen business to France’s TotalEnergies</a> <a href="https://www.businessinsider.in/stock-market/news/burger-king-dominos-kfc-to-see-high-growth-even-as-consumer-staples-suffer/articleshow/92196523.cms" style="">Burger King, Domino's &amp; KFC to see high growth even as consumer staples suffer</a> <a href="https://www.businessinsider.in/india/news/indias-richest-people-are-moving-to-uae-australia-and-singapore/articleshow/92181712.cms" style="">India’s richest are moving to UAE, Australia and Singapore — but there’s nothing to worry</a>

Airtel launches its first multiplex, but in the metaverse

Top stock picks for 2021 — Brokerages are betting big on Bharti Airtel, Tech M, HUL, Biocon, and Sun Pharma

<ul><li>Now, the market value of <keyword id="6354504" type="DEFINITION" weightage="20" keywordseo="reliance-jio">Reliance Jio</keyword>, at ₹4.9 lakh crore, is nearly twice the size of Airtel, whose market capitalisation is down to ₹2.4 lakh crore.</li><li>The latest blow came from competitor Jio's new post paid plans that offer a slew of added benefits.</li><li>Investors fear that competitive pressures on one hand from Jio and Vodafone Idea surviving on the other may hurt Airtel.</li></ul>Investors in Bharti Airtel had bet the Vodafone Idea may not survive for too long, and that the pressure of competitive tariffs from Reliance Jio is now in the past. Both bets seem to have come undone and shares of Airtel, India's second largest telecom service provider, have lost 25% of their value since the peak the stock hit in May 2020. Now, the market value of Reliance Jio, at ₹4.9 lakh crore, is nearly twice the size of Airtel, whose market capitalisation is down to ₹2.4 lakh crore. <div type="image" title="airtel share price sep 23" msid="78269455" hostid="261" caption="&amp;lt;p&amp;gt;Reliance Jio, at &amp;#8377;4.9 lakh crore, is nearly twice the size of Airtel, whose market capitalisation is down to &amp;#8377;2.4 lakh crore, after a 25% fall since the peak in May 2020.&amp;lt;br&amp;gt;&amp;lt;/p&amp;gt;"></div> <div type="Article" hostid="261" msid="78257460" title="Jio's new postpaid plans offer unlimited calling, Netflix, Prime Video and Disney+ Hotstar subscription" mstype="2" mssubtype="0"></div> Now, as it stands, Reliance Jio, owned by Asia's richest man <keyword id="3820" type="PERSON" weightage="20" keywordseo="Mukesh-Ambani">Mukesh Ambani</keyword>, is aspiring for a lot more than Airtel, which seems to be focussed on mobile services and broadband for now. “Similar to Alibaba or Tencent which created tech-based ecosystems in China, we find RIL best positioned to create a similar ecosystem in India. In the next two-three years, we expect RIL to have a captive mobile base of over 500 million users,” said a Bank of America report dated July 16. A factor that shareholders appear to have factored in but the analysts have not. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.9978225000000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Brokerage </td><td style="border-left:solid #000000 0.6260872500000001pt;border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.9978225000000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Target price </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.9978225000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Angel Broking </td><td style="border-left:solid #000000 0.6260872500000001pt;border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.9978225000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹672 </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Emkay Global </td><td style="border-left:solid #000000 0.6260872500000001pt;border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹684 </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Motilal Oswal </td><td style="border-left:solid #000000 0.6260872500000001pt;border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹700 </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Geojit BNP Paribas </td><td style="border-left:solid #000000 0.6260872500000001pt;border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹645 </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">ICICI Securities </td><td style="border-left:solid #000000 0.6260872500000001pt;border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹700 </td></tr></tbody></table>Source: Economic Times The fear of tougher competition While Jio is potentially <a href="https://www.businessinsider.in/business/news/mukesh-ambani-owned-reliance-jio-compared-to-alibaba-and-tencent/articleshow/77059624.cms" data-type="tilCustomLink" target="_blank">shaping into Alibaba and Tencent rolled into one</a>, it has kept the heat alive in the mobile telephony space. After mopping up a big chunk of the mass market, mostly low-margin prepaid users, the Ambani firm is now targetting the high-spending post-paid consumers with new plans bundled with a free subscription to OTT platforms like Netflix, Amazon Prime Video, and Disney+ Hotstar. On the other hand, Vodafone Idea has rebranded itself into Vi, and may, reportedly, find investors in <a href="https://www.businessinsider.in/business/telecom/news/vodafone-idea-may-need-up-to-18800-crore-in-next-two-years-and-tariff-hikes-to-survive-says-a-new-report/articleshow/77923943.cms">US tech giants Amazon and Verizon</a>. This could give the Birla Group company the cash it needs to survive for the next two years, according to the Jefferies report. Those backing Airtel had hoped that Vi will fall by the wayside and the market will be down to a duopoly that they share with Jio. Bharti Chairman Sunil Mittal <a href="https://www.businessinsider.in/business/telecom/news/airtel-wants-to-increase-data-prices-to-100-per-gb-sunil-mittal-asks-subscribers-to-prepare-to-pay-a-lot-more/articleshow/77734318.cms" data-type="tilCustomLink" target="_blank">had recently said that</a> a fair price for mobile data in India would be a ₹100 per gigabyte (GB), whereas the current price of ₹10 per GB, is a 'tragedy'. However, it wasn't meant to be. Far from it, Jio's latest salvo will now force Airtel to act and protect its post-paid user base. All these put together have shaved off 25% from Airtel's share value in a little over four months. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/banks/news/yes-bank-ceo-prashant-kumar-clarifies-that-the-forensic-investigation-isnt-restricted-to-the-top-10-defaulters/articleshow/78255868.cms">EXCLUSIVE: YES Bank CEO Prashant Kumar clarifies that the forensic investigation isn't restricted to the top 10 defaulters</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/interview-cams-ceo-says-they-are-actively-hiring-through-the-pandemic/articleshow/78269110.cms">INTERVIEW: CAMS CEO says they are actively hiring through the pandemic</a><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/interview-cams-ceo-says-they-are-actively-hiring-through-the-pandemic/articleshow/78269110.cms"></a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/hindustan-unilever-chairman-is-urging-the-government-to-spend-more-to-boost-consumption/articleshow/78267444.cms">Data shows why HUL Chairman is urging the government to spend more to boost consumption</a>

Reliance Jio is now twice as valued as Airtel that is down 25% from its peak in May

11 valuable Nifty 50 stocks that missed the rally and underperformed the benchmark

<ul><li>As a mountain of debt threatens Airtel’s survival, the company is preparing a ₹250 billion rights issue. </li><li>GIC Pvt Ltd, <keyword id="6356662" type="LOCATION" weightage="20" keywordseo="singapore">Singapore</keyword>’s sovereign wealth fund, is subscribing to a fifth of the shares in the issue. </li><li>In addition, <keyword id="16117" type="COMPANY" weightage="20" keywordseo="SingTel">Singtel</keyword> and Airtel’s promoters will invest ₹118 billion in the rights issue.</li></ul><keyword id="6354287" type="COMPANY" weightage="20" keywordseo="bharti-airtel">Bharti Airtel</keyword> has burnt billions in cash, and piled on even more in debt in its fight with the world’s 13th richest man Mukesh Ambani, the owner of Reliance <keyword id="2003276" type="COMPANY" weightage="20" keywordseo="Jio">Jio</keyword>, as the two, along with Vodafone Idea, <keyword id="18179" type="EVENT" weightage="20" keywordseo="battle">battle</keyword> to garner as much of India’s <keyword id="6354776" type="COMPANY" weightage="20" keywordseo="Telecom">telecom</keyword> market. As the mountain of debt threatens Airtel’s survival, the company is preparing a ₹250 billion rights issue. And it’s got the support of the Singapore government. According to an exchange filing, GIC Pvt Ltd, Singapore’s sovereign wealth fund, is subscribing to a fifth of the shares in the issue. The ₹50 billion investment will be GIC’s first in India’s competitive telecom sector. The move has precedence, given that Singapore’s largest mobile operator, Singtel, recently <a href="https://telecom.economictimes.indiatimes.com/news/bharti-airtel-shares-rise-after-singtel-ups-stake-by-investing-rs-2649-cr-in-parent/62784319">upped its stake in Airtel</a> after investing ₹27 billion in the company. In fact, both Singtel and Airtel’s promoters will invest <a href="https://economictimes.indiatimes.com/markets/stocks/news/airtel-promoters-to-participate-in-rs-16786-crore-rights-issue/articleshow/68297617.cms">₹118 billion</a> in the rights issue. After the rights issue, Singtel is expected to have a <a href="https://www.moneycontrol.com/news/business/bharti-airtel-says-promoters-will-take-part-in-rights-issue-3617511.html">35% stake</a> in the company. Earlier this month, Moody’s, an international ratings agency, <a href="https://www.businessinsider.in/airtel-got-its-lowest-credit-rating-because-of-jio/articleshow/67847220.cms">downgraded Airtel’s debt</a> to “significant credit risk” in light of the company’s over-leveraged nature an cash flow problems. At the end of December 2018, Airtel's net debt burden stood at a little over ₹1.06 trillion. Last week, the board of Airtel approved a plan to raise <a href="https://economictimes.indiatimes.com/markets/stocks/news/bharti-airtel-gets-board-approval-to-raise-up-to-rs-32000-crore/articleshow/68202185.cms">₹320 billion</a> from capital markets, with ₹250 billion coming from the sale of shares and the remainder through the issue of foreign currency-denominated bonds. The capital raising plan will enable India’s second-largest telecom provider to meet its capital expenditure targets, pay down debt and effectively take on Reliance Jio, which has consistently <a href="https://www.businessinsider.in/reliance-jio-continues-to-eat-into-airtel-and-vodafone-ideas-pie/articleshow/68088881.cms">eaten into its market share </a>and subscriber base since its launch in September 2016. While the fundraising plan will help Airtel reduce its debt burden, it might not be enough to stabilise its credit rating, according to <a href="https://economictimes.indiatimes.com/markets/stocks/news/airtels-rs-25000-crore-fund-infusion-not-enough-to-stabilise-rating-sp/articleshow/68290893.cms">S&amp;P Global</a>, a ratings agency, due to continued capital spending amid price competition from Jio and Vodafone Idea. However, Moody’s had a more favourable outlook on the rights issue, terming it <a href="https://economictimes.indiatimes.com/markets/stocks/news/airtels-proposed-rights-issue-credit-positive-moodys/articleshow/68268767.cms">“credit positive”</a>. SEE ALSO: <a href="https://www.businessinsider.in/reliance-jio-continues-to-eat-into-airtel-and-vodafone-ideas-pie/articleshow/68088881.cms">Reliance Jio continues to eat into Airtel and Vodafone Idea's pie</a> <a href="https://www.businessinsider.in/airtel-got-its-lowest-credit-rating-because-of-jio/articleshow/67847220.cms">Airtel just got assigned its lowest credit score by an international ratings agency as pricing pressures continue</a> <a href="https://www.businessinsider.in/airtel-cisco-ready-for-indias-largest-5g-network/articleshow/68154880.cms">Airtel and Cisco are teaming up to build India’s largest 5G-ready network — spectrum auction pending</a>

The government of Singapore backs Airtel in the battle for dominance against Mukesh Ambani's Reliance Jio

<ul><li>The SGX Nifty was trading 0.04% lower at 7:51 am, indicating a flat start for Nifty50. </li><li>Here’s a list of stocks to watch for in trade today. </li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider. </a></li></ul>Amidst mixed cues from the global markets, the Indian stock market is likely to open with a negative bias on Tuesday. The SGX Nifty was trading 0.04% lower at 7:51 am, indicating a flat start for Nifty50. Whereas, the US stocks ended the Monday higher as the tech stocks rallied amid the stimulus hopes. The Dow Jones Industrial Average closed 250.62 points higher; whereas the S&amp;P 500 was up over 1.6%. These are the stocks to watch out for during the trading session on October 13: Lakshmi Vilas Bank The private lender Lakshmi Vilas Bank (LVB) informed stock-exchanges that its board would meet on October 15 to consider a rights issue to raise capital up to ₹1,000 crore. The shares of Lakshmi Vilas Bank closed 5% lower yesterday. Reliance Industries The Mukesh-Ambani owned Reliance Jio became the first telecom company in India to cross 40 crore customers mark with the net addition of over 35 lakh subscribers in July, according to the telecom regulator TRAI data released on October 12. The shares of RIL closed 0.11% higher yesterday. Airtel and Vodafone The stocks of other telecom giants Airtel and Vodafone, will also remain in focus. As per the TRAI data, Vodafone Idea lost 3.7 million users, and Bharti Airtel added over 3.26 million wireless subscribers in July. The shares of Airtel and Vodafone closed nearly 3% lower yesterday. Infosys The IT giant Infosys has completed the acquisition of a US-based product design and development firm Kaleidoscope Innovation for about ₹308 crore. The company will also be posting its quarterly earnings tomorrow. The shares of Infosys closed 2.93% higher yesterday. SRF Limited The fluorochemicals, speciality chemicals manufacturing company SRF has set the floor price of its qualified institutional placement (QIP) at ₹4,168.73 per share. The shares of SRF Limited closed 2.67% higher yesterday. Shalby Multispeciality hospital chain Shalby reported a consolidated net profit of ₹24.5 crore in the second quarter ended September 30 compared to ₹12.9 crore year-on-year. However, the company’s overall revenue fell to ₹115.6 crore from ₹125.7 crore at the same time last year. The shares of Shalby closed 4% higher yesterday. Cipla The drug major Cipla said the company’s step-down associate firm Avenue Therapeutics Inc had received a complete response letter (CRL) from the US health regulator for its new drug application for intravenous tramadol. The letter stated that IV tramadol intended to treat patients in acute pain who require an opioid is not safe for the intended patient population. The shares of Cipla closed 1.81% higher yesterday. Wipro The tech giant Wipro is slated to announce its earnings for the second quarter ended September 30. The shares of Wipro closed 1.47% higher yesterday. SEE ALSO: <a href="https://www.businessinsider.in/science/health/news/johnson-johnson-just-paused-its-coronavirus-vaccine-trials-after-an-unexplained-illness-in-a-participant/articleshow/78630971.cms" data-type="tilCustomLink">Johnson &amp; Johnson just paused its coronavirus vaccine trials after an 'unexplained illness' in a participant</a> <a href="https://www.businessinsider.in/tech/news/the-iphone-12-could-be-apples-most-important-product-release-in-the-last-decade/articleshow/78627338.cms" data-type="tilCustomLink">The iPhone 12 could be Apple's most important product release in the past decade</a>

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