Corporate

Corporate news, corporate developments and various announcements by corporates. Under this we also bring you regulatory developments of corporates and track their financial results including the quarterly as well as annual results. Besides, hiring and appointments by various corporates and enterprises are also featured in this section.

ITI Posts 124% Growth In Q3, Revenue Touches Rs 563 Cr

ITI Posts 124% Growth In Q3, Revenue Touches Rs 563 Cr

February 13, 2019 at 10:50 am 0 comments

State-run telecom gear making firm ITI has posted an impressive 124% growth its revenue for the third quarter ended 31 December 2018. In Q3, 2018, the company has posted revenues of Rs 563.23 crore as compared to Rs 251 crore a year ago, in Q3, 2017. On a quarterly basisRead More

In Africa, Airtel Merges With Telkom Kenya, Forms Airtel Telkom

In Africa, Airtel Merges With Telkom Kenya, Forms Airtel Telkom

February 8, 2019 at 5:21 pm 0 comments

Bharti Airtel’s Kenyan business unit Airtel Kenya has merged with Telkom Kenya, a semi-privatised telecom operator in South Africa. Both the firms have signed an agreement in this regard, Airtel’s India unit said in a statement today. The combined entity will merge Mobile, Enterprise and Carrier Services businesses and createRead More

Vodafone Idea Q3 2019 Financial Results : Main Points

Vodafone Idea Q3 2019 Financial Results : Main Points

February 7, 2019 at 12:23 pm 0 comments

Vodafone Idea, the merged entity between Vodafone India and Idea Cellular, has announced its Q3 financial results for FY 2019. This is second quarterly results announced by the firm post the closure of their merger which happened in August 2018. “We are progressing well on our stated strategy. The initiativesRead More

Airtel Q3 Net Down By 72%, Firm Makes Only Rs 86 Crore

Airtel Q3 Net Down By 72%, Firm Makes Only Rs 86 Crore

January 31, 2019 at 6:12 pm 0 comments

Bharti Airtel, the country’s largest telecom player by revenue market share, announced its third quarter results for the financial year 2019. And the results are no better than what the company has been witnessing since third quarter, 2016. As per the results Airtel Q3 net profit declined by 72% comparedRead More

Ericsson Q4 Sales Up 10%, Loss Margin Narrows By 65%

Ericsson Q4 Sales Up 10%, Loss Margin Narrows By 65%

January 25, 2019 at 1:11 pm 0 comments

Ericsson Friday reported a 10% rise in its net sales of SEK 63.8 billion in Q4 ended December 2018 as against SEK 57.9 billion a year ago. On a quarter on quarter basis the growth margin remained at 19% as the Swedish telecom gear maker had posted revenues of SEKRead More

Vodafone Idea Finalises Rs 25,000 Cr Rights Issue

Vodafone Idea Finalises Rs 25,000 Cr Rights Issue

January 25, 2019 at 9:27 am 0 comments

In order to improve its service offerings and to put up a brave fight against Reliance Jio and Bharti Airtel, Vodafone Idea has finalised a rights issue to raise Rs 25,000 crore. “The Board has, considered and approved the offer and issue of fully paid-up and/or partly-paid up equity sharesRead More

Bharti Infratel Posts Highest Ever Net Profit In 5 Quarters

Bharti Infratel Posts Highest Ever Net Profit In 5 Quarters

January 24, 2019 at 4:59 pm 0 comments

Bharti Infratel, India’s sole listed telecom tower company, has posted a consolidated net profit of Rs 648 crore in its Q3 ended 31 December, 2019. Compared to a year ago period, the firm has increased its profit by 11% when it posted a profit after tax of Rs 585 crore.Read More

While Incumbents Bleed, Jio Net Profit Soars 65%

While Incumbents Bleed, Jio Net Profit Soars 65%

January 20, 2019 at 12:08 pm 0 comments

Reliance Jio Thursday announced 65% increment in its net profit for the third quarter ended December 31, 2018. The company clocked Rs 831 crore in net profit in Q3 as against Rs 504 crore in the same period a year ago. On QoQ basis the growth was 22% with profitRead More

Macquarie Infrastructure To Acquire Bluebird Network

Macquarie Infrastructure To Acquire Bluebird Network

January 16, 2019 at 9:57 am 0 comments

Bluebird Network, a Midwest telecommunications company, is being acquired by Macquarie Infrastructure Partners (“MIP”) for an undisclosed amount. MIP is a long-term infrastructure investment fund that is managed by the Macquarie Infrastructure and Real Assets (“MIRA”) division of Macquarie Group. MIP has partnered with Uniti Group to finance the transaction.Read More

Accenture Acquires Orbium To Augment Financial Services Portfolio

Accenture Acquires Orbium To Augment Financial Services Portfolio

January 10, 2019 at 9:54 am 0 comments

Accenture has announced to acquire Orbium, a management consultancy and technology services provider to the financial services industry, headquartered in Switzerland. The company hopes this acquisition will strengthen its ability to provide innovative services to clients in the private-banking and wealth-management space globally. Samir Gherbi, a partner at Orbium, said,Read More