Bharti Airtel Ltd Share Price – NSE  / BSE

Telecomm-Service, Large Cap

Ericsson has won a multi-year, multi-billion extension deal from Bharti Airtel for 4G and 5G RAN products and solutions.

As per the new contract, Ericsson will deploy centralized RAN and Open RAN-ready solutions for network transformation which will help customers with wider coverage and enhanced capacity on the network. Ericsson will also undertake the software upgradation of its current deployed 4G radios thereby enhancing the customer experience.

Ericsson has been a trusted connectivity partner for Airtel for over 25 years, supporting every generation of mobile communications. This strategic partnership underscores Ericsson and Airtel's shared commitment to building an advanced digital ecosystem in India.

Powered by Capital Market - Live News

The key benchmark indices traded with substantial gains in the afternoon trade. The Nifty hovered above the 24,100 level. Pharma, media and auto shares advanced while PSU bank and realty stocks declined.

At 13:25 IST, the barometer index, the S&P BSE Sensex, jumped 785.86 points or 0.99% to 79,825.31. The Nifty 50 index gained 235 points or 0.98% to 24,149.15.

In the broader market, the S&P BSE Mid-Cap index rose 0.18% and the S&P BSE Small-Cap index added 0.19%.

The market breadth was positive. On the BSE, 2,125 shares rose and 1,724 shares fell. A total of 136 shares were unchanged.

Gainers& Losers:

Bharti Airtel (up 5.30%), Sun Pharma Industries (up 3.47%), Cipla (up 2.94%), Mahindra & Mahindra (up 2.24%) and Tata Consumer Products (up 2.23%) were major Nifty gainers.

SBI Life Insurance Company (down 1.85%), Power Grid Corporation of India (down 1.84%), HDFC Life Insurance Company (down 0.83%), Hero Motocorp (down 0.82%), Shriram Finance (0.59%) were major Nifty losers.

Stocks in Spotlight:

Reliance Industries rose 1.78% after the company has announced that its step-down wholly owned subsidiary, Reliance Finance and Investments USA LLC, has entered into a stock purchase agreement to acquire a 21% stake in the U.S.-based Wavetech Helium, Inc. for $12 million.

Sigachi Industries surged 6.31% after the company’s subsidiary, Trimax Biosciences received a communication from European Directorate for the quality of medicines & health care (EDQM) for CEP filing of Propafenone Hydrochloride.

NCC added 1.72% after the company received letter of acceptance (LoA) worth Rs 3,389.49 from Ken-Betwa Link Project Authority for the engineering, procurement, and construction (EPC) execution of Daudhan Dam.

Newgen Software Technologies advanced 2.73% after the company announced that it has received a purchase order worth Rs 32.44 crore from the Reserve Bank of India (RBI).

PC Jeweller jumped 4.37% after the company’s board has fixed record date as 16 December 2024 for the proposed 1-for-10 stock split.

Nazara Technologies declined 1.14%. The company has informed that the NODWIN Gaming, a material subsidiary of the company has announced the acquisition of Trinity Gaming, a leading gaming agency and platform MCN/ CSP, for a deal valued at Rs 24 crore.

IIFL Finance fell 1.47%. The company’s material subsidiary, IIFL Home Finance has planned to raise up to Rs 500 crore through non-convertible debentures (NCDs) at a face value of Rs 1,000 each.

Global Market:

The Dow Jones index futures were up 125 points, signaling a strong opening for U.S. stocks today.

European stocks declined as investors looking for the release of euro zone inflation data. The reading comes ahead of the European Central Bank’s last meeting of the year on 12 December 2024.

Most of the Asian market declined on Friday, led by losses in South Korean stocks after industrial production declined for a second straight month in October.

South Korea’s industrial production growth fell 0.3% in October compared to September, which also saw a 0.3% fall on a month-on-month basis.

Industrial production saw a 2.3% increase year on year in October, marking a reversal from the 1.3% fall in September.

Tokyo's Core CPI inflation, which excludes volatile fresh food items, rose 2.2% year-on-year in November, government data showed on Friday. Headline CPI inflation surged 2.6% from 1.8% in the prior month. The BOJ is expected to raise interest rates in December after two historic hikes earlier this year.

Overnight, trading in U.S. equities and Treasuries was closed due to the Thanksgiving holiday.

Powered by Capital Market - Live News

Nokia has been awarded a multi-year, multi-billion extension deal by Bharti Airtel (Airtel) to deploy 4G and 5G equipment across key Indian cities and states.

As per the contract, Nokia will deploy equipment from its cutting-edge 5G AirScale portfolio including base stations, baseband units and the latest generation of Massive MIMO radios, all powered by its energy-efficient ReefShark System-on-Chip technology. These solutions will enhance Airtel's network with exceptional 5G capacity and coverage and support its network evolution. Furthermore, Nokia will modernize Airtel's existing 4G network with multiband radios and baseband equipment, which can also support 5G.

Airtel will also be leveraging Nokia's MantaRay Network Management for intelligent network monitoring and management that uses AI-based tools covering digital deployment, optimization and technical support.

Powered by Capital Market - Live News

Furthering its mission to build future-ready data centre infrastructure that is ¡§Intelligent by Design and Sustainable by Choice¡¨, Nxtra by Airtel, one of India¡¦s leading data centre companies, has deployed Artificial Intelligence (AI) in its data centres to drive operational excellence.

With this, Nxtra by Airtel has become the first data centre in India to leverage AI to build new-age digitised facilities engineered to drive smart capabilities like predictive maintenance, enhanced operational and energy efficiency, streamlined automation of operations and optimised capex utilisation.

The deployment leverages the AI-powered SmartSense platform of leading AI expert in the infrastructure industry, Ecolibrium. Nxtra implemented the AI technology in its Chennai data centre first and will now deploy the capabilities across all its core data centres.

With the deployment, Nxtra aims to achieve key efficiency milestones including:

-10% increase in asset life through real time performance analytics to identify early signs of deterioration and provide corrective recommendations „h

- 10% reduction in non-IT power consumption through early identification of deviations and energy loss in each piece of equipment „h

-15% increase in equipment performance through AI-driven Fault Detection and Diagnostics (FDD) algorithms and preventative maintenance „h

-25% improvement in productivity with intelligent and proactive insights across all DC operations

Powered by Capital Market - Live News