The Troubled Rupee

An employee uses an electronic machine to check a rupee note inside a bank in Allahabad December 16, 2011. REUTERS/Jitendra Prakash/Files

RBI likely sold dollars after rupee hit record low of 59.93 - dealers

The Reserve Bank of India (RBI) likely sold dollars via state-run banks after the rupee slid to a record low on Thursday, several dealers said, as fears of foreign outflows from India are roiling domestic bond and stock markets.  Full Article 

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Slowing Down QE

Slowing Down QE

Bernanke says Fed likely to reduce bond buying this year.  Full Article 

Monsoon Floods

Monsoon Floods

Death toll in Uttarakhand monsoon floods crosses 150  Full Article 

China Factory Activity

China Factory Activity

China June flash HSBC PMI hits nine-month low on weak demand.  Full Article 

FIIs and Banks

FIIs and Banks

High FII holding makes private banks vulnerable after Fed - analysts.  Full Article 

Euro Economy

Euro Economy

Half-way to lost decade, Europe's growth task as tough as ever.  Full Article 

Buy, Sell or Hold?

Buy, Sell or Hold?

Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade.  Full Coverage 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage 

Huawei gets Bharti 4G network contract for Karnataka

Related Topics

Stocks

   
A man holds an umbrella to shield himself from the rain on a beach in Mumbai June 13, 2013. REUTERS/Danish Siddiqui

The rains are here

Monsoon rains have covered India ahead of the usual date.  Slideshow 

» Click here for more slideshows
A man touches a screen on a Bharti Airtel advertisement billboard in Kolkata April 10, 2012. REUTERS/Rupak De Chowdhuri/Files

A man touches a screen on a Bharti Airtel advertisement billboard in Kolkata April 10, 2012.

Credit: Reuters/Rupak De Chowdhuri/Files

NEW DELHI | Tue May 1, 2012 5:12pm IST

NEW DELHI (Reuters) - Bharti Airtel(BRTI.NS) has appointed Chinese telecoms gear maker Huawei Technologies to deploy and manage a 4G network in Karnataka, the companies said in a joint statement on Tuesday.

The financial details of the deal were not disclosed.

Bangalore is the country's hub for technology services.

Indian mobile market leader Bharti has 4G radio airwaves in four of India's 22 telecoms zones. It launched the country's first commercial 4G network in Kolkata on April 10 and had then said it would launch the high-speed network in Bangalore within 30 days.

China's ZTE Corp (0763.HK) is managing Bharti's 4G network in Kolkata, while Nokia Siemens Networks has the contract for its planned 4G network in the western Maharashtra telecoms zone.

(Reporting by Devidutta Tripathy; editing by Malini Menon)
Top News
Business
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.