The company is to act as an ISP across rural areas for local entrepreneurs.
The Bangalore-headquartered firm had posted a net profit of Rs 1,623.3 crore (Rs 16.23 billion) in the year-ago period, it said in a BSE filing.
With slower than expected growth in smartphone penetration, operators and OEMs are joining hands to provide affordable mobile devices with attractive offers.
At 11:37 am, the S&P BSE Sensex was up 28 points at 27,037 and the Nifty50 was up 2 points at 8,268
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
Brokers like Vasudevan are struggling to keep themselves in tune with this super-informed, new-generation retail investor.
Investor sentiment got a boost following remarks from the Russian President Putin that allayed fears of an imminent military conflict in Ukraine
The Sensex ended below 28,000 for the second straight day at 27,869.
Decision to build or buy a platform is a function of price but buyouts are helping large investors create a medium and influence outcomes.
The government plans to take India into the top 50 ranks in ease of doing business in the next two years with efforts such as shifting all applications for industrial licenses online.
On the last day of FY!5, the Sensex ended lower by 18.37 points at 27,957.49.
There, however, has been an improvement in operating margins.
The market breadth in BSE remains positive with 1,554 shares advancing and 1,196 shares declining.
'India missed the software products revolution (and now is in danger of missing the platform revolution), complacent that we are the software experts of the world based on IT services prowess,' points out Rajeev Srinivasan.
Mid- and small-cap companies seem to have done better than top-tier companies
Large and small businesses alike have delivered low-key performances.
iPhone sales in India were up by 56 per cent during the period.
The students of Marjory Stoneman Douglas and other United States schools, Tim Cook, India's Indira Jaising and Mukesh Ambani. The names mentioned above have nothing in common... until now. They have all been named as Fortune's World's 50 Greatest Leaders. Here are some of the prominent names mentioned in the list.
FIIs pump in Rs 2,075 crore in past three trading sessions.
Can we make high speed 4G Internet available at 10 cents per GB, and make all voice calls free of cost -- that too in a large and diverse country like India? Can we make high-quality but simple breast cancer screening available to every woman, that too at the extremely affordable cost of $1 per scan? Can we make a portable, high-tech ECG machine which can provide reports immediately and that too at the cost of 8 cents a test? Can we make an eye imaging device that is portable, non-invasive and costs 3 times less that conventional devices? Can we make a robust test for mosquito-borne dengue, which can detect the disease on day 1, and that too at the cost of $2 per test? Amazingly, says Dr R A Mashelkar, the eminent scientist, all this has been achieved in India, not only by using technological innovation but also non-technological innovation.
The big advantage that Jio is able to garner currently is its low cost of operations.
Budget was a mild disappointment. Yet, the bull run continues.
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Benchmark share indices ended lower on profit taking after they touched record highs in the previous session.
Russian firms expand their footprint in India. And take bigger steps to do business with India's private sector.
'There exists a 'brotherhood' of sorts for a very long time and corrupt dealers and corrupt OMC officials are in it together,' Ashwani Attrish, founder, Empowering Petroleum Dealers Foundation, tells Sudhir Bisht, a veteran of the petroleum industry.
Raamdeo Agrawal says, an investor should figure out if the company actually makes money or not, making an investment comes later.
Shuvajit was confident of making a huge difference in the lives of people in rural India.
News media takes a beating from the economy, advertisers and the rupee. To stay afloat, publishers are reacting by folding up businesses and axing staff.
