'BSNL employee cost is Rs 14,500 crore and we anticipate that around 80,000 should opt for VRS.'
Mukesh Ambani's Reliance Jio, however, continued to add wireless subscribers
A 150 basis points fall in realisations too weighed on the top-line.
The country's largest private telecom company, Bharti Airtel, on Friday posted a 13 per cent rise in net profit at Rs 2,321 crore (Rs 23.21 billion) for the second quarter ended September 30, 2009.
The debt came with covenants, which require borrowers to meet certain conditions such as a mandated debt to EBITDA ratio. A failure to meet the conditions may result in an increase in interest rates. The company reported EBITDA (operating profit) of $69 million in the quarter ended December 31, down from $151 million in the corresponding period of the previous year.
Bhavdeep Singh, the CEO of Fortis Healthcare said that they haven't been able to focus on the business due to an internal issue, especially with regard to the promoters
Sales during the quarter under review stood at Rs 9,357 crore, up 12.42 per cent, as against Rs 8,323 crore in the corresponding period of the last fiscal
The company's operating losses for 2014-15 likely to climb a bit.
And why markets could give up 25 per cent of all these gains made since March 2020
English Premier League football club Manchester United showed its commercial strength when it raised its core earnings expectations for the year as it posted a 26.6 percent rise in quarterly revenue.
The company's investments in telecom business reached 15-20% of capital employed.
But the road map of telecom will be decided by one thing: Whether Jio sticks to its ambitious plan and whether incumbents have enough financial muscle or ability to raise money every year to ensure that Jio does not reach its target, says Surajeet Das Gupta.
The immediate concern for all companies is to prepare themselves - and their vendors and suppliers - for the new GST return filing mechanism, being test piloted from April 1.
IT services and product solutions provider Quintegra Solutions will acquire US-based technology consulting company Pingho Associates Corporation (PAC) for a consideration of Rs 198 crore ($49 million).
Indian telecom operators are world-leaders in terms of profitability, enjoying better EBIDTA margin than their counterparts in developed countries.
After steep correction in valuations, these have turned attractive but upside will depend on diesel price rises and export-parity pricing.
The group firms reported combined losses of Rs 6,134 crore in FY19 against a net profit of Rs 5,414 crore a year ago. Excluding Vodafone Idea, the group reported a net profit of Rs 8,470 crore, down from a profit of Rs 9,582 crore a year ago.
Idea Cellular, the Aditya Birla group firm that is on the verge of taking over Spice Communications by buying out B K Modi's 41 per cent stake, is sounding out its bankers to raise funds to upgrade in the struggling telecom operator's network and technology.
Aditya Birla Retail set up seven years earlier, posted a 20% growth in sales over a year earlier for 2013-14.
The Ebitda margin, too, was lower than the expected 29.1 per cent.
TCS kicked-off the Q1FY17 earnings season for information technology companies on Thursday.
.jpg)
While cost pressures could partly offset the expected gains, given the currency hedging by companies the gains will not accrue immediately.
The UK retailer earned an EBITDA of 2.7 million in the year ended June 2007 on the back of 17 per cent growth in sales, said Welspun India director Akhil Jindal in Mumbai on Monday. Christy's, which was losing money, customers and market share when it was acquired by Welspun, has reversed the tide by winning back customers, adding new ones and expanding its reach by opening more shop-in-shops.
The compact sedan Zest competes with the established brands like Maruti D'zire, Honda Amaze and Hyundai Xcent.
Amazon has also signed a term sheet with Kishore Biyani-led Future group to invest $600 million to $700 million for a 12 to 15 per cent stake in the retail giant, it is learnt.
Pharma major Wockhardt on Thursday said it had acquired French pharmaceutical group Negma Laboratories for Rs 1,090.52 crore ($265 million) in cash -- a deal that would give it access to the European market.
The layoffs will mainly be in the company's product and engineering functions.
At $12-bn valuation, this will be India's largest FDI; deal to be announced on Saturday, says Dev Chatterjee.
While the enterprise value of 595 million may seem expensive for the acquisition of Whyte & Mackay by United Spirits, the fact remains that scotch is in short supply globally and there aren't too many companies up for sale.
The increase in bookings has also meant a significant reduction in overall costs for the online travel agencies and a consequent narrowing of losses.
Anil Ambani group company Reliance Communications on Wednesday posted a 198 per cent increase in net profit at Rs 924 crore (Rs 9.24 billion) for the quarter ended December 31.
On a sequential basis too, the optical storage device major's net profit grew 44.9 per cent indicating the strength in recovery of operating parameters.
Unlike some of India's largest online retailers like Flipkart, Amazon, Myntra and Jabong, which are very secretive about their data and use it to cut better deals with brands than their competitors, the Nykaa monetising its insights. If it is is able to do so without giving away any of its advantages to competitors, it could be on to a winning model.
The big advantage that Jio is able to garner currently is its low cost of operations.
India's largest cellular operator Bharti Airtel on Wednesday posted a 48 per cent rise in net profit at Rs 755 crore (Rs 7.55 billion) for the first quarter ended June 30, on the back of strong additions in its subscriber base.
Sify Limited, India's premier Internet, network and e-commerce services company, announced on Wednesday its consolidated US GAAP results for the quarter ended June 30th 2005.\n\n
Fall in crude prices has eased interest rate worries and that expectation of good Q2 is already factored in the prices.
Bharti Televentures on Thursday posted a 43 per cent increase in its net profit at Rs 521 crore (Rs 5.21 billion) for the second quarter ended September 30, 2005 over the same period in previous fiscal.
After a robust Q4 FY14, thanks to election spends on advertising across platforms, media entities might see slightly lower ad revenue growth at 12 to 14 per cent.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances