Top headlines: Airtel Q1 net soars 466%; equity MFs' July inflow drops 43%

India seeks to restrict Chinese smartphone makers from selling devices cheaper than Rs 12,000 ($150) to kickstart its faltering domestic industry, dealing a blow to brands including Xiaomi Corp.

Bharti Airtel Q1 results: Net profit soars 466%; ARPU rises to Rs 183

Telecom major Bharti Airtel on Monday reported 466% surge in consolidated net profit (attributable to owners of the parent) at Rs 1,607 crore for the quarter ending June 30, 2022, boosted by subscriber additions. It reported net profit of Rs 284 crore in the year-ago period.

The company's consolidated revenue from operations rose 21% to Rs 32,805 crore as compared to Rs 27,064 crore in Q1FY22. Read more

India seeks to block Chinese firms from sub-Rs 12,000 phone market: Report

India seeks to restrict Chinese smartphone makers from