Category: Finance

The board of Sterlite Technologies Limited (STL) has approved raising funds of up to Rs 10 billion. As per a regulatory filing, the board has approved the fundraising by the issue of equity shares, any financial instruments...

Amdocs has announced that it has entered into a definitive agreement to acquire the service assurance business of TEOCO. The acquisition will enable Amdocs to provide service providers with a unique end-to-end service...

The UK’s Competition & Markets Authority (CMA) has granted unconditional approval to the proposed acquisition of Inmarsat by Viasat. CMA announced the conclusion of its Phase II review, which confirmed its provisional...

The Competition Commission of India (CCI) has approved the acquisition of 100 per cent shareholding of Tower Vision India Private Limited by Ascend Telecom Infrastructure Private Limited and GIP EM Ascend 2 Pte. Limited. Ascend...

Tejas Networks has reported its financial results for the fourth quarter ended March 31, 2023. For Q4-FY23, consolidated net revenue was Rs 2.99 billion, which was a year-on-year (YoY) increase of 136.6 per cent, resulting in a...

Reliance Jio Infocomm Limited has released its unaudited standalone and consolidated financial results for the quarter ended (QE) and year ended March 31, 2023. The company reported a net profit of Rs 47.16 billion during the...

Tata Communications has announced its financial results for the quarter and full year ended March 31, 2023. The consolidated revenue for FY23 stood at Rs 178.38 billion ($2.22 billion) and at Rs 45.69 billion ($555.2 million)...

The Competition Commission of India (CCI) has cleared the stake acquisition in VVDN Technologies by India Business Excellence Fund IV (IBEF-IV). The deal has been cleared under the green channel route. According to CCI, the...

American Tower Corporation (ATC) has taken a $411.6 million (about Rs 33.74 billion) impairment charge after Vodafone Idea Limited (Vi) notified that it will not be able to resume full payments towards contractual obligations...

In a filing at the Bombay Stock Exchange (BSE), Vodafone Idea Limited (Vi) has disclosed that it has allotted 12,000 unsecured, unrated and unlisted optionally convertible debentures (OCDs) to American Tower Corporation (ATC)....

In a filing at the Bombay Stock Exchange, Vodafone Idea Limited (Vi) disclosed that its shareholders approved the Rs 16 billion preferential issuance of optionally convertible debentures (OCDs) to American Tower Corporation...

Mahanagar Telephone Nigam Limited (MTNL) has posted a consolidated net loss of Rs 7.75 billion during third quarter (Q3) FY’2022-23, as against a loss of Rs 6.59 billion during  Q3 FY’2021-22. MTNL’s total expense increased by...

Kotak Investment Advisors has garnered $590 million (about Rs 48.85 billion) under the first close of its India-dedicated Kotak Data Centre Fund, domiciled in Gujarat’s GIFT City. In total, Kotak Investment Advisors plans to...

Liberty Global has disclosed the acquisition of 5 per cent stake in Vodafone Group Plc. The company bought 1.34 billion Vodafone shares (approximately 4.93 per cent), through a deal involving £225 million in equity funding from...

In a filing at the Bombay Stock Exchange (BSE), Vodafone Idea Limited (Vi) informed that the government will hold 33.44 per cent in the telco and that its board has cleared the allotment of shares. The government will thus...

In a regulatory filing, Bharti Airtel disclosed that it has increased its direct stake in Indus Towers Limited by acquiring 23.01 per cent shares held by its completely owned subsidiary, Nettle Infrastructure Limited. With the...