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.

Bharti Infratel, Indus Merger At Final Stage, Bimal Dayal To Be CEO Of New Entity

Bharti Infratel, Indus Merger At Final Stage, Bimal Dayal To Be CEO Of New Entity

May 21, 2019 at 6:59 pm 0 comments

Two of the largest telecom tower firms in the country, Indus Towers and Bharti Infratel, are getting merged and the process is at advanced stage of completion, both the firms today said in a joint statement. The firms also informed that the management of both the firms have decided toRead More

Airtel, Hughes India Merge VSAT Business, Command 63% Market Share

Airtel, Hughes India Merge VSAT Business, Command 63% Market Share

May 7, 2019 at 9:30 am 0 comments

Bharti Airtel has merged its satellite services with that of Hughes India, the country’s largest VSAT service provider. With this merger the joint entity will be commanding a market share of 63% in India’s VSAT services business. As per the contract Hughes will have a majority stake, we understood itRead More

ZTE Reports $128 Mn Profit In Q1 Despite A Bad 2018

ZTE Reports $128 Mn Profit In Q1 Despite A Bad 2018

May 1, 2019 at 1:24 pm 0 comments

ZTE has reported its first-quarter results of 2019 and it has posted a net profit of 863 million Chinese Yuan in net profit which approximately translates to $128 million. This is against a loss of almost $800 million or 5.4 billion Yuan (RMB) loss a year back for the sameRead More

Despite 36 Commercial 5G Deals Nokia Posts Huge Loss In Q1

Despite 36 Commercial 5G Deals Nokia Posts Huge Loss In Q1

April 26, 2019 at 1:12 pm 0 comments

Finnish telecom gear maker Nokia reported a significant loss in its Q1 financial results. The firm reported loss 55 million Euro in Q1, 2019 as against 239 million Euro profit for the same period a year ago. The company reported 5 billion Euro in revenue for Q1 as against 4.9Read More

Hitachi To Acquire Robotic Firm JR Automation For $1.4 Bn

Hitachi To Acquire Robotic Firm JR Automation For $1.4 Bn

April 26, 2019 at 11:20 am 0 comments

Hitachi has said it is planning to acquire JR Automation, an America-based robotics system integrator, that builds production lines and logistics systems using industrial robots, for $1.4 billion or 158.2 billion Yen. With this acquisition Hitachi will enter the robotic SI business in North America, which is a region that isRead More

Bharti Infratel Revenue For Q4 Down 2%, Full Year Up 1%

Bharti Infratel Revenue For Q4 Down 2%, Full Year Up 1%

April 24, 2019 at 8:16 pm 0 comments

Bharti Airtel’s tower arm Bharti Infratel Wednesday reported its financial results for fourth quarter ended 31 March 2019 and for the full year FY2019. The company posted revenues of Rs 3600 crore for Q4, showing a dip of 2% for the same period a year ago. In Q4, 2018, BhartiRead More

Tejas Networks FY19 Net Profit Up 38% At Rs147 Cr

Tejas Networks FY19 Net Profit Up 38% At Rs147 Cr

April 23, 2019 at 6:06 pm 0 comments

Home grown telecom firm Tejas Networks has announced its financial results for Q1 as well as the full year of fiscal 2019. For the FY 2019, the firm posted net profit of Rs 147.24 crore showing an increase of 38.2% over the previous fiscal. For FY2018, the firm’s net profitRead More

Huawei Q1 Revenue Increases By 39%, Touch 180 Bn Yuan

Huawei Q1 Revenue Increases By 39%, Touch 180 Bn Yuan

April 23, 2019 at 10:55 am 0 comments

Chinese telecom giant Huawei posted revenues of 179.7 billion Yuan for Q1 showing a year on year growth of 39%. The company’s net profit margin in Q1 2019 was about 8%, slightly higher than the same period last year, the company said in a statement. Huawei maintained its focus onRead More

Check Point Q1 Revenue Up 4% To Reach $472 Mn

Check Point Q1 Revenue Up 4% To Reach $472 Mn

April 22, 2019 at 6:04 pm 0 comments

Internet security expert Check Point has announced its financial results for the Q1 ended March 31, 2019. The firm has posted revenues of $472 million, an increase of 4% over the same period a year ago. In Q1, 2018 the firm’s revenue was $452 million. “We had good results inRead More

Reliance Jio Net Profit Soars 310% In FY2018-19

Reliance Jio Net Profit Soars 310% In FY2018-19

April 18, 2019 at 7:19 pm 0 comments

Reliance Jio Thursday announced its financial results for Q4 ended 31 March, 2019 and for the full fiscal year 2019. Jio reported a net profit of Rs 2964 crore for the full year showing a growth of whooping 310% over the previous financial year. In FY 2018, the company’s profitRead More