An advertisment for Bharti Airtel Ltd. sits outside a sim card vendor’s stall in Mumbai, India (Photographer: Dhiraj Singh/Bloomberg)

Telecom Department Seeks Rs 7,200 Crore Bank Guarantee From Airtel In Tata Tele Merger 

The Department of Telecom has given approval for the merger of Tata Teleservices with Bharti Airtel Ltd., subject to the condition that it furnishes a Rs 7,200 crore bank guarantee, a government of...