Budget 2014 Live: Markets remain flat, Jaitley to meet PM Modi before presenting budget

 Finance Minister Arun Jaitley reached North Block at 9 am this morning, where he will meet  Prime Ministre Narendra Modi before going to the Parliament to present the NDA government's budget for 2014.

While the markets continue to remain flat, shares of Bharti Airtel are up 2 percent after the telecom company on Tuesday announced an agreement to sell 3100 towers out of its nearly 18,000 tower portfolio across Africa.

This deal spans Bharti’s presence in 4 out of 17 countries across Africa and has an independent tower operator (Helios) as counterparty. Bank of Ameria Merill Lynch sees Africa tower-sales as a long-term, directional positive for Bharti given the challenges associated with energy management (capex & opex) in Africa.

 

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