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Bharti Airtel Profit Beats Estimate Boosted by High Paying Users

Bharti Airtel Profit Beats Estimate Boosted by High Paying Users

Bloomberga day ago
Billionaire Sunil Mittal led- Bharti Airtel Ltd. reported a larger-than-expected quarterly profit helped by a jump in 5G subscribers in India and higher mobile-phone charges in Nigeria.
Net income at the country's No. 2 wireless carrier surged 43% to 59.5 billion rupees ($678 million) in the three months ended June 30, the company said in a statement Tuesday. That surpassed the 56.6 billion-rupee average of analyst estimates compiled by Bloomberg.
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Trump Targets Russia via India
Trump Targets Russia via India

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Trump Targets Russia via India

President Trump wants at long last to raise the pressure on Russia for a cease-fire in Ukraine, and on Wednesday he threatened India with a 50% tariff if it keeps buying Russian oil. The puzzle is why the President is so far giving China a pass, though Beijing buys more Russian oil than does New Delhi. The new tariff is included in an executive order 'Addressing Threats to the United States by the Government of the Russian Federation.' India is a target because its purchases of Russian oil are a major source of revenue for Vladimir Putin's war machine. India has long bought Russian crude, but its purchases since Russia invaded Ukraine have increased enormously and help Mr. Putin continue his deadly rampage. India has 'always bought a vast majority of their military equipment from Russia, and are Russia's largest buyer of ENERGY, along with China, at a time when everyone wants Russia to STOP THE KILLING IN UKRAINE,' Mr. Trump wrote on Truth Social. The executive order would add a 25% tax on India's exports to the U.S. in three weeks if India doesn't adjust its policy. This would be on top of the 25% tariff that Mr. Trump has already applied to imports from India and is set to begin Thursday. Through June this year, India exported some $56.3 billion in goods to the U.S., making it the twelfth largest U.S. trading partner. The exports include medical products, generic drugs and telephones, among other things.

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