Telecom operator Bharti Airtel said it received the approval of the Rwanda Utilities Regulatory Authority for its acquisition of Tigo Rwanda Limited, a subsidiary of Millicom International Cellular S.A. The deal was announced a month ago. “The merged entity will have the largest customer base in Rwanda with 5.9 million subscribers,” it said. It will […]
Idea Cellular reported a 12.8% sequential decline in gross revenue in the third quarter, while average revenue per user or ARPU fell by 13.6% to 114 rupees. However, the decline was less than that reported by bigger peer Airtel. Against the 13.6% fall in ARPU reported by Idea, Airtel’s ARPU had declined by 15% during […]
The stocks of Bharti Airtel and Idea Cellular were down around 4% in early trade on Wednesday after Reliance Jio indicated that it would cut tariffs by about 25% as part of a new Republic Day offer. Airtel shares were trading down 21 rupees at Rs 471, while those of Idea were down 4.35 rupees […]
Reliance Jio has slashed its prices again, offering unlimited calls at a starting price of Rs 98 per month and increasing data allocation on its existing plans. The move comes after Bharti Airtel started offering up to 90 GB at a price of Rs 193. The price of the entry-level pack has been cut from […]
In a sign that it is willing to go all the way in taking on Reliance Jio, Bharti Airtel has slashed its 4G price to an all-time low of Rs 2.14 per GB. With its new tariff line-up, Bharti Airtel is now the cheapest operator by some distance for those who require 2.0 to 2.5 […]
Reliance Jio said it hosted the first ever India Digital Open Summit at its corporate park in Navi Mumbai. Despite having a lot of users, India has very few regular open source events, and the most prominent of them, FOSS.IN, was last held in 2012. Reliance Jio’s support comes in the context of the company […]
Bharat Sanchar Nigam Ltd or BSNL, which is scheduled to start its 4G services this month, has overhauled its tariff plans in circles such as Kerala, the first state in line for LTE launch. As part of the tariff overhaul, it has withdrawn its most jaw-dropping plans, and replaced them with newer ones. The impact […]
Lost in the details of the financial and technical data disclosed by Reliance Jio on its third-quarter performance was a tiny bullet point announcing that the company had broadcast a pan-India stream over eMBMS. eMBMS or enhanced Multimedia Broadcast Multicast Service is a hybrid technology that tries to marry the traditional one-to-many broadcasting architecture used […]
Reliance Jio, the latest entrant to the Indian telecom market, has reported a 451% growth in its profit before finance and tax costs and reported its first ever net profit of Rs 504 cr. Earnings before interest and tax (EBIT) jumped to Rs 1,436 cr in Oct-Dec from Rs 260 cr in the previous three […]
Information Technology services provider Wipro Ltd reported a year-on-year decline in its quarter three revenue to Rs 13,669 cr from Rs 13,688 cr in the year-ago period. In the preceding September quarter, revenue was at Rs 13,468 cr. Total IT services revenue was at Rs 13,682 cr versus Rs 13,469 cr in the preceding quarter […]
Bharti Airtel CEO Gopal Vittal said he believes the worst is over as far as the company’s revenue decline is concerned. During the last three months of 2017, Airtel saw the highest ever decline in both its India mobile revenue as well as per-user revenue as it struggled to compete with new entrant Reliance Jio. […]
Bharti Airtel CEO Gopal Vittal today said that the current levels of pricing in the Indian telecom market was ‘clearly unsustainable’ and will have to be raised. “These levels of pricing are clearly unsustainable, therefore pricing will have to be lifted,” he said, discussing Airtel’s third quarter results. “But there’s a fight for market share […]
NIT Technologies said third-quarter revenue increased 2.6% sequentially to Rs 756.5 Crores, an increase of 9% on year. Operating Margins expanded 97 bps sequentially to 17.1% as a result of growth in Digital engagements in US and EMEA. Operating profits expanded 8.7% on quarter and 11.4% on year to Rs 129.5 Crores. Net profit improved […]
Bharti Airtel reported a decline in its third quarter revenue as the battle with Reliance Jio raged on and the impact of lower termination charges kicked in, but the company prevented any massive damage to its bottom line. Airtel’s top line shrunk by 6.7% on quarter and 13% on year to Rs 20,319 cr for […]
North Indian newspaper publisher DB Corp reported disappointing results for the third quarter as its key revenue sources, advertising, saw a abnormal decline during the quarter. Revenue from print advertisements declined by 5.8% despite the comparison being with a quarter that was ravaged by demonetization. Print advertising revenue fell to Rs 378 cr from 401 […]
Zee Entertainment Enterprises, the country’s largest listed media company, reported a whopping 30% jump in advertising sales in India as the comparison period of last year was hit by demonetization. Domestic advertising revenue was at Rs 11,373 mn (Rs 1,137 cr) on a like to like basis, excluding the sports business that was sold to […]
Real estate developer Puravankara Ltd said it has started taking ‘expressions of interest’ from buyers for its upcoming ‘affordable’ housing project at Judicial Layout, Kanakapura Road, Bangalore. Provident Park Square is being taken to market through a quasi-book building method. Under this, price bands are announced for each type of property and interested buyers can […]
Ashok Leyland, the auto arm of the Hinduja Group said it signed a Letter of Intent (LoI) with Phinergy, an Israel-based company that is developing Aluminium Air batteries for long-range vehicles. Unlike lithium ion batteries, which need to be recharged after 200-500 km, a vehicle that uses aluminum air battery can run for several thousand […]
Reliance Industries’ controlled TV18 reported better results than in recent quarters, and said advertising revenue is showing signs of recovery. The company reported a 8% growth in the top line for Oct-Dec quarter to Rs 271 cr, while profit before tax remained flat at Rs 16 cr. Profit from joint ventures jumped to Rs 19 […]
Going by indications from the Unique ID Authority of India, Aadhaar numbers could soon be linked to people’s images, allowing the government and corporations to identify people from their photographs and videos. “UIDAI introduces yet another landmark technology for authentication – Face Authentication,” tweeted @ceo_uidai, the official handle of the CEO of UID Authority of […]
