Bharti Telecom, the parent company of Bharti Airtel has raised around Rs 35 billion via commercial paper (CP). The CP offered around 6.16 per cent on average with a three-month maturity. As per the Bharti Group, these are...
Read MoreHFCL Limited has received a purchase order worth Rs 1.74 billion from a private leading integrator of data networks for the supply of optical fibre cables (OFC) for the construction of Telangana Fibre Grid (T-Fibre) under Bharat...
Read MoreReliance Industries Limited (RIL) and Jio Platforms Limited has announced that KKR will invest Rs 113.67 billion in Jio Platforms. This transaction values Jio Platforms at an equity value of Rs 4.91 trillion and an enterprise...
Read MoreXiaomi has announced financial results for the first quarter of 2020. The company recorded a 13.6 per cent increase in revenue during Q1 2020. The growth in revenue has come despite a fall in demand for its smartphones amid the...
Read MoreBharti Airtel has reported a loss of Rs 52,370 million during the quarter ended (QE) March 2020. However, the operator’s total revenue has grown by 15 per cent from Rs 206,022 million during quarter ended (QE) March 2019 to Rs...
Read MoreReliance Industries Limited (RIL) and Jio Platforms, have announced an investment of Rs 65.98 billion by General Atlantic. This investment values Jio Platforms at an equity value of Rs 4.91 trillion and an enterprise value of Rs...
Read MoreThe proposed merger of Bharti Infratel and Indus Towers is expected to be completed soon as principal shareholders Bharti Group and Vodafone Idea Limited (VIL) have reportedly opted for a share-swap arrangement instead of the...
Read MoreCisco has posted an 8 per cent fall in its revenues, to about $12 billion in third quarter (Q3) of financial year (FY) 2020 from $13 billion during the same quarter in FY19. Further, company’s net income declined by 9 per cent,...
Read MoreAirtel Africa has reported $65 million in net profits for the quarter ended March 2020, recording a 21 per cent year-on-year fall. This fall in net profits has been attributed to higher finance costs, network opex costs and...
Read MoreVodafone Group is likely to inject an additional Rs 2,850 million in Vodafone Idea Limited by September 2020, as per an arrangement agreed during the 2018 merger of Vodafone India and Idea Cellular. This is in addition to a $200...
Read MoreSTL has announced the consolidated financial results for its fourth quarter and financial year ending March 31, 2020. The company reported Rs 51.54 billion in revenue and an order book of Rs 100.37 billion, backed by large deal...
Read MoreAs per industry sources, two more global players are considering buying stakes in Jio Platforms. This includes US private equity firm General Atlantic and Saudi Arabia’s Public Investment Fund (PIF). While General Atlantic...
Read MoreReliance Industries Limited (RIL) and Jio Platforms has announced that Vista Equity Partners will...
Read MoreThe Delhi High Court has directed the Centre to verify within two weeks Bharti Airtel’s claim of having paid Rs 9.23 billion of excess goods and services tax (GST), and refund the same. Earlier Airtel had submitted a plea...
Read MoreSify Technologies has reported revenue of Rs 22,952 million in the financial year (FY) 2019-20, an increase of 7 per cent over the last year. Further, earnings before interest, taxes, depreciation and amortisation (EBITDA) for...
Read MoreReliance Industries Limited (RIL) and Jio Platforms announced today that Silver Lake will invest Rs 56.55 billion into Jio Platforms. This investment values Jio Platforms at an equity value of Rs 4.90 trillion and an enterprise...
Read MoreReliance Jio’s net profit has grown by 177.5 per cent from Rs 8.4 billion during quarter ended...
Read MoreReliance Jio’s net profit has grown by 177.5 per cent from Rs 8.4 billion during quarter ended (QE) March 2019 to Rs 23.31 billion during the corresponding quarter in 2020. The standalone revenue from operations, including...
Read MoreTech Mahindra has reported a 6.1 per cent year-on-year (YoY) growth in its consolidated revenue, which stood at Rs 368.68 billion during quarter ended (QE) March 2020. However, the company’s net profit declined by 6.2 per cent...
Read MoreThe Supreme Court has dismissed Vodafone Idea’s appeal seeking a tax refund of Rs 47.6 billion from the government. The telco had filed for tax refund worth Rs 47.6 billion for the assessment years (AY)- 2014-15, 2015-16,...
Read MoreVodafone Group has made payments worth $200 million to Vodafone Idea Limited (VIL), as liquidity support at a time when VIL has to pay more than Rs 580 billion in statutory dues The amount was due in September 2020 under the...
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