Bharti Airtel to buy Tikona's 4G business for $244 million
Telecommunications company Bharti Airtel said it would buy internet services provider Tikona Digital Networks' 4G business in a deal worth 16 billion rupees ($244.20 million).
Indian shares pared gains to close slightly higher on Friday, with consumer goods stocks rallying after the Goods and Services Tax council cleared all pending draft bills, paving the way for a faster rollout of the national sales tax.
The broader NSE index ended up 0.07 percent at 9,160.05 after earlier rising as much as 0.7 percent to a fresh record high of 9,218.40. It rose 2.5 percent on the week.
The benchmark BSE index closed 0.21 percent higher at 29,648.99, after earlier hitting its highest since March 4, 2015.
Both indexes rose 2.5 percent on the week, their biggest weekly gain since end-January and the seventh weekly rise in eight.
(Reporting by Arnab Paul; Editing by Biju Dwarakanath)
WASHINGTON Jay Clayton, the Wall Street attorney tapped by President Donald Trump to lead the U.S. Securities and Exchange Commission, on Thursday defended himself against Democrats' charges that multiple conflicts of interest would force him to miss too many SEC votes.
WELLINGTON New Zealand Prime Minister Bill English on Friday announced a renewed push to promote free trade in his first major trade policy announcement since taking over as leader last December.