Bharti Airtel shares rise 8% on Tata mobile business deal
Shares of Bharti Airtel surged nearly 8% on Friday as the company announced a merger with Tata Group's consumer mobile business. This is Airtel's biggest one-day gain in four years. With this merger, Airtel's overall subscriber base is now expected to increase to as much as 351 million as Airtel will absorb over 40 million Tata customers.