A look at headlines in the sector today:

  1. As Vodafone-Idea merger looms, Airtel buys Telenor India: In a statement, the company said the acquisition, which is yet to be cleared by regulatory agencies, would help boost its spectrum footprint.
  2. India’s GDP will rebound in next fiscal, IMF says a month after cutting growth post demonetisation: The International Monetary Fund also said the implementation of the GST could bring up economic growth to more than 8%.
  3. Sensex up by 28 points, Nifty by 13 as markets end on flat note after early gains: Telecom stocks were among the day’s biggest gainers as investors continued to focus on mergers and acquisitions in the wake of competition from Reliance Jio.
  4. Don’t want to be at the mercy of a maverick in the Indian government, says Vijay Mallya: The businessman said the country has no evidence against him.
  5. Infosys buyback could happen in April, likely to be over $2.5 billion: The board has recommended the adoption of new Articles of Association of the company to conform with the Companies Act of 2013 and has sought shareholder approval via postal ballot. 
  6. Centre doubles solar park capacity to 40,000 MW: This will entail an additional 50 solar parks to be set up at a cost to the government of Rs 8,100 crore.
  7. Germany overtakes UK to become fastest-growing G7 economy in 2016: Germany’s growth index beat Britain by .1% in 2016.