The companies said the deal is on a no-debt, no-cash basis, implying Airtel is not taking over any of the about Rs 40,000 crore debt with Tata Teleservices and is neither paying any cash
The Sensex surge was its best single-session gain since July 10 when it jumped 355.01 points.
Uttarakhand finance minister Prakash Pant said his government has reduced cess on petrol and diesel by two per cent
The Gujarat government decided to reduce VAT on petrol and diesel by 4 per cent.
Tata would 'definitely look' at Air India once the government has finalised the privatisation process, N Chandrasekaran said
Cairn India said expects all approvals for the projects to be in place by the end of this month
In all, duty on petrol was hiked by Rs 11.77 per litre and that on diesel by 13.47 a litre in those 15 months
The Nifty lost 1.22 per cent this week, while the Sensex fell 1.09 per cent.