Indus Tower reports consolidated revenue of Rs.68.77 billion during Q2 FY22
Indus Tower Limited has announced its financial reports for the second quarter (Q2) ended...
Read MoreCategory: Finance News
Sebi approves Paytm’s Rs 166 billion IPO
Securities and Exchange Board of India (SEBI) has approved Rs 166 billion initial public offering (IPO) of One97 Communications, the parent company of Paytm. The company is expected to list in November. As part of its IPO, One97...
Read MoreReliance Jio reports gross revenue of $3.1 billion during Q2 FY22
Reliance Jio has announced its financial results for second-quarter (Q2) FY22. The operator...
Read MoreTata Communications reports 5.2 per cent YoY increase in revenue to 563 million in Q2 FY22
Tata Communications has announced its financial results for the second quarter ended September 30, 2021. Consolidated financial highlights The company reported $563 million in revenue and posted a QoQ increase of 1.7 per cent...
Read MoreTanla reports 44 per cent YoY increase in revenues to Rs 8.41 billion during Q2 FY22
Tanla Platforms Limited has announced its financial results for quarter two of FY’21-22. Key Metrics: Second Quarter During the year, the revenue increased by 44 per cent to Rs 84.1 billion. The gross profit increased by 71 per...
Read MoreSTL reports 30 per cent YoY revenue growth during QE September 30, 2021
STL has announced its financial results for the quarter ended September 30, 2021. The company reported a robust 30 per cent YoY revenue growth and recorded Rs 15.08 billion in revenues with approximately 43 per cent coming in...
Read MoreRoute Mobile records operational revenue of Rs. 4.35 billion during Q2 FY22
Route Mobile Limited has announced its financial results for the second quarter and half year ended September 30, 2021. Highlights for Q2 FY22 (QoQ) Consolidated Financials Revenue from operations stood at Rs. 4.35 billion, as...
Read MoreCyient reports revenue of Rs 11.11 billion during quarter ended September 30, 2021
Cyient has announced its financial results for the quarter ended September 30, 2021. Financial highlights for the quarter: Group revenue stood at Rs 11.12 billion with YoY growth at 10.8 per cent Group EBIT margin of 14 per cent...
Read MoreVVDN to invest Rs 4 billion over the next 4 years under the PLI scheme
VVDN Technologies has announced that it has been approved under the Production Linked Incentive (PLI) Scheme for Telecom and Networking equipment manufacturing by the Department of Telecommunications (DoT). VVDN is amongst 31...
Read MoreHFCL posts net profit of Rs 859.4 million during QE September 2021
HFCL has announced its financial results for the quarter ended (QE) September 2021. The company’s consolidated net profit increased from Rs 533.2 million during the QE September 2020 to Rs 859.4 million during the QE September...
Read MoreMobiKwik receives SEBI’s approval to launch Rs 19 billion IPO
MobiKwik has received SEBI’s approval to launch an initial public offering (IPO). The...
Read MoreDoT reduces bank guarantee requirement of telecom operators by 80 per cent
The Department of Telecommunications (DoT) has reduced performance and financial bank guarantee...
Read MoreTata Group makes open offer to acquire upto 26 per cent stake in Tejas Networks for around Rs 10.38 billion
Tata Group has made an open offer to acquire upto 26 per cent stake in Tejas Networks for around...
Read MoreLava files DRHP with SEBI to raise up to Rs 15 billon through IPO
Lava International has reportedly filed draft red herring prospectus (DRHP) with Securities and...
Read MoreExotel secures $35 million funding by Sistema and other investors
Cloud telephony company Exotel has secured $35 million in its Series C funding round, led by Sistema, CX Partners and existing investor A91 Partners. IIFL, Synergy Capital, and existing investor Blume Ventures also took part in...
Read MoreRIL in talks to invest around $250 million in InMobi’s Glance
According to industry reports, Reliance Industries Limited (RIL) is in talks to invest between...
Read MoreTelecom revenue in FY22 will be Rs 280 billion instead of Rs 540 billion budgeted, says ICRA
According to ICRA, the government is now expected to collect Rs 280 billion from the telecom sector in FY22 instead of Rs 540 billion as was earlier estimated in the budget. This will also impact the country’s fiscal...
Read MoreCiena reports fiscal third quarter 2021 financial results
Ciena Corporation, a networking systems, services and software company, has announced unaudited financial results for its fiscal third quarter ended July 31, 2021. Q3 Revenue: $988.1 million Q3 Net Income per Share: $1.52 GAAP;...
Read MoreKotak Mahindra Bank sells 200 million shares of Airtel Payments Bank to Bharti Enterprises Limited for Rs 2.94 billion
Kotak Mahindra Bank has completed the sale process of over an 8 per cent stake in Airtel Payments Bank to Bharti Enterprises for Rs 2.94 billion. Earlier, Kotak Mahindra Bank has announced that it had executed a share purchase...
Read MoreADTRAN and ADVA sign merger deal worth $931 million; combined entity to offer fibre-based networking solutions
ADTRAN Inc has announced its merger with Germany’s ADVA Optical Networking in a deal valued at €789 million or around $931 million to create a combined company that will offer end-to-end fibre networking solutions to...
Read MoreGovernment releases draft rules for withdrawal of retro tax demands
The Income Tax Department has released draft rules that will help close tax demands against...
Read More