Bharti Airtel Shares Jump On Tata Teleservices Deal

Mumbai: Bharti Airtel Ltd saw its share price surge as much as 8 percent in early Friday trade as investors cheered its purchase of Tata Group's mobile arm, in a deal that secures 40 million new clients and spectrum at little cost. The deal with Tata Teleservices Ltd "is a sweet one for Bharti," domestic brokerage Kotak said in research note, raising its recommendation on Bharti stock to "add" from "reduce." Bharti shares were up 7...