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Ericsson trims down its losses during Ja...
Ericsson has reported reduced losses during quarter ended March 2018, when compared to the same quarter an year ago. The company’s net loss during quarter-ended March 2018 stood at 300 million Swedish krona ($35.6m) as against a loss of 11.3…
Softbank’s investment in the Indian in...
According to data by research and data analytics firm, Tracxn, the SoftBank Group, including the SoftBank Vision Fund, has invested more than $8 billion in the Indian e-commerce and internet market during the last five years, thus making it the…
Wipro may see decline in profitability d...
Wipro’s revenue and profitability are set to get impacted for a second consecutive quarter due to some clients filing for bankruptcy. According to the company, its profitability will be impacted by 0.65- 0.75 per cent, primarily due to one of…
Cabinet approves sale of 180 million sha...
The cabinet has cleared the sale of 180 million equity shares of ITI Limited through a follow on public offer (FPO), which will help the company meet the minimum 25 per cent public shareholding norm.
Bharti Airtel to raise Rs 165 billion fo...
In a regulatory filing to the Bombay Stock Exchange, Bharti Airtel has stated that it has received approval from the board to raise up to Rs 165 billion for refinancing debt and paying for spectrum liabilities. 
Promoter firm of RCOM pledges shares wor...
Reliance Communications Enterprise, a promoter firm of operator Reliance Communications (RCOM) has pledged shares worth Rs 3.04 billion with Housing Development Finance Corporation Limited (HDFCL).