Vodafone Idea's net worth (or shareholders' equity) was down 73 per cent year-on-year to around Rs 17,600 crore at the end of the December 2019 quarter after the company reported a net loss of around Rs 6,400 crore during the quarter. Cumulatively, the company has lost nearly Rs 45,000 crore in the last four quarters, eroding its net worth to its lowest level in three-year. Analysts said a such a low level of net worth, coupled with continuing losses in operations, ruled out the possibility of the company getting fresh loans from lenders to fund its adjusted gross revenue (AGR) dues of Rs 54,000 crore.
Azim Premji, the chairman of Bangalore-based software giant Wipro, is the richest Indian with a wealth worth Rs 31,198 crore (Rs 311.98 billion).
Bharti Airtel customers can now avail its 4G data plans starting from Rs 450, down 31 per cent from Rs 650 earlier in Bengaluru, Kolkata, Pune and Chandigarh circles.
American Tower bulks up in India with $1.2 billion Viom stake buy
The big boys of India's traditional retail have finally come together to fight the onslaught of their online counterparts.
Govt likely to make security clearance mandatory for telcos irrespective of equity holding before giving licences; DoT members to meet today.
AirTel on Wednesday launched a consolidated strategy for the western region -- InnoWest -- and roped in batting maestro Sachin Tendulkar as its brand ambassador.
The retailer has registered a new company called 'Wal-Mart India Private Ltd' in the country.
Ambani's $15 bn bet will upend Indian telecom
Sellers, especially the smaller ones, are planning to go to court as well as move CCI as they fear that Walmart could bring multiple private labels in India and flood the e-commerce platform with its own products.
Reliance Jio Infocomm, expected to start commercial operations in the Indian telecom space in the next few months, had a net worth of Rs 5,026.16 crore, the company said in a statement submitted to the Department of Telecommunications (DoT) on Monday.
It entered India in 2006, with the aim of tapping the promising consumer market.
'The announcement has come too late. This should have been done years ago.'
In its report 'Global Top Picks', Barclays expects the current bull market in global equities to continue, generating a total return of 9 per cent in 2015.
Banking and telecom will see the highest impact of this transition.
With a new $100-billion technology fund, SoftBank is likely to go after market leaders.
Bengaluru-based Creo offers an operating system that promises unique features and frequent updates.
US retail major is in talks with Flipkart, Snapdeal, ShopClues and Grofers for partnership.
Decision-making is stretched because of differences in views between ministries.
Nikesh Arora has an engineering degree in electronics and worked for a brief period at Wipro, selling computers.
Reliance joins a number of large companies, including the Essar and Adani groups, which are raising loans abroad as interest rates in India remain high.
Indian telecom seems to be getting back on its feet.
Market breadth was weak with 1239 losers and 1078 gainers on the BSE.
Investors will remain cautious ahead of F&O expiry.
The world's largest retailer entered India in 2007.
Multi apps will be designed by taking core parts of the Hike product and remoulding them into creating new apps, each delivering one service -- Social and Messaging in one and Content in another, report Patanjali Pahwa and Karan Choudhury.
