Powered by: Motilal Oswal
11-10-2021 05:42 PM | Source: Accord Fintech
Bharti Airtel rings loudly on extending partnership with Oracle
News By Tags | #51 #3506 #572

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

Bharti Airtel is currently trading at Rs. 733.20, up by 20.05 points or 2.81% from its previous closing of Rs. 713.15 on the BSE.

The scrip opened at Rs. 718.40 and has touched a high and low of Rs. 736.10 and Rs. 707.45 respectively. So far 308698 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 739.10 on 24-Sep-2021 and a 52 week low of Rs. 450.59 on 25-Nov-2020.

Last one week high and low of the scrip stood at Rs. 736.10 and Rs. 699.50 respectively. The current market cap of the company is Rs. 428966.56 crore.

The promoters holding in the company stood at 55.86%, while Institutions and Non-Institutions held 39.02% and 5.13% respectively.

Bharti Airtel and Oracle have extended their partnership to support the growth of India’s digital economy by bringing a range of industry leading cloud solutions to more than 1 million enterprise customers. As part of the collaboration, Airtel Business and Oracle will also jointly market Oracle Cloud solutions to enterprise customers in the private and public sectors. Airtel Business serves over one million enterprises in India, including large corporations, start-ups, governments and SMEs. Oracle Cloud solutions will now be available to these customers as part of Airtel Business’ integrated portfolio.

Oracle and Airtel will also set up a Cloud Centre of Excellence in Gurgaon with a dedicated team of specialists from both organisations. These experts will help modernise Airtel’s internal workloads as well as enable customers to adopt cloud and fully benefit from it. Airtel and Oracle will also work on joint IP solution development to support emerging technology growth areas. These include multicloud solutions, B2B customer experience solutions, unified communications solutions among others.

Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.