Corporate

Idea Posts Profit Of Rs 257 Cr In Q1, But Nothing To Be happy About

Idea Posts Profit Of Rs 257 Cr In Q1, But Nothing To Be happy About

July 30, 2018 at 6:47 pm 0 comments

Aditya Birla Group owned Idea Cellular today posted a net profit of Rs 257 crore in its first quarter of 2019 after reporting losses in last 6 consecutive quarters. However, this increase of its bottomline is not because of surge in revenue or margins but because of one time saleRead More

While Incumbents Bleed, Reliance Jio Posts 20% Net Profit In Q1

While Incumbents Bleed, Reliance Jio Posts 20% Net Profit In Q1

July 27, 2018 at 6:54 pm 0 comments

Reliance Jio, the newest telecom operator that forced the incumbent telecom operators like Bharti airtel, Vodafone and Idea Cellular, to go red in their balance sheets, however, is reaping the benefits of the competition in the industry. While the incumbents are reporting negative growth and consistent decline in net salesRead More

Airtel Q1 Results: Impressive Improvement In All Quarters

Airtel Q1 Results: Impressive Improvement In All Quarters

July 26, 2018 at 7:14 pm 0 comments

Country’s largest telecom operator Bharti Airtel has started showing strong improvements in FY 2019, despite the prevailing tough competition in the industry. Its Q1 results of fiscal 2019 show the company has bettered its performance from all aspects – revenue, net profit, human capital, and a closer-to-500-million subscriber base. ByRead More

Bharti Infratel Q1 Profit Dips 4%, Firm Blames Consolidation

Bharti Infratel Q1 Profit Dips 4%, Firm Blames Consolidation

July 26, 2018 at 12:39 pm 0 comments

Bharti Infratel, the telecom infrastructure arm of Bharti Airtel, has reported a 4% decline in its net profit for the qurter ended June 31, 2018. Its profit dipped to Rs 638 crore in the period as against Rs 664 crore for the saame aperiod a year ago. The company attributedRead More

Orange Acquires Cloud Firm Basefarm Holding For 350 Mn Euros

Orange Acquires Cloud Firm Basefarm Holding For 350 Mn Euros

July 17, 2018 at 1:17 pm 0 comments

Orange, one of the world’s largest telecom service providers, has acquired Basefarm Holding, one of the major cloud infrastructure and services provider in Europe for 350 million Euros. This acquisition will position Orange among the leading enterprise cloud services provider in European markets. Basefarm is a leading European player inRead More

Broadcom To Buy CA Technologies For $18.9 Bn

Broadcom To Buy CA Technologies For $18.9 Bn

July 13, 2018 at 9:13 am 0 comments

US based semiconductor firm Broadcom has announced to acquire leading software solutions firm CA Technologies for $18.9 billion. The transaction is expected to close in the last quarter of 2018. Broadcom said it is acquiring CA to build “one of the world’s leading infrastructure technology companies.” This is the firstRead More

Syska Enters Wires And Cables Business, Eyes Rs 500 Cr Revenue

Syska Enters Wires And Cables Business, Eyes Rs 500 Cr Revenue

July 11, 2018 at 1:35 pm 0 comments

Syska Group, known mostly for its LED lighting, hass entered into wires and cables business unit. It already has other business interests including mobile accessories and personal care products. The company has invested Rs 75 crore to start a new manufacturing plant in Rewari (Haryana). The area of plant is approximatelyRead More

Ericsson To Sell Off Its Sweden Managed Services Unit To Transtema

Ericsson To Sell Off Its Sweden Managed Services Unit To Transtema

July 11, 2018 at 12:44 pm 0 comments

Ericsson is in the process of selling off its field services business unit in Sweden to Transtema Group, a local firm operating in similar domain. Ericsson’s field services business, Ericsson Local Services AB or LSS, offers managed services operations and maintenance of fixed and mobile networks in Sweden. This businessRead More

RIL AGM : What Mukesh Ambani Said About Reliance Jio

RIL AGM : What Mukesh Ambani Said About Reliance Jio

July 5, 2018 at 1:39 pm 0 comments

Reliance Industries conducted its 41st AGM (annual general meeting) today at the Birla Matushri Hall in Mumbai. The company’s Chairman Mukesh D Ambani presented the RIL AGM and shared with the stakeholders about all aspects of the company including the company’s performance in its various business interests. Here, we broughtRead More

Reliance Industries Acquires Radisys To Drive Jio’s IoT Business

Reliance Industries Acquires Radisys To Drive Jio’s IoT Business

June 30, 2018 at 11:47 am 0 comments

Reliance Industries, the parent company of Reliance Jio, is acquiring the US based technology firm Radisys which develop solutions around networking, 5G and IoT. The acquisition will help Jio expand its IoT portfolio, for both consumers as well as for enterprises. “This acquisition further accelerates Jio’s global innovation and technologyRead More