Announcements

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

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

HCL Bags 5 Year IT Solutions Deal From Nokia

HCL Bags 5 Year IT Solutions Deal From Nokia

June 21, 2018 at 6:11 pm 0 comments

Indian IT major HCL Technologies today announced that it has been selected by Nokia, a Finnish networking and telecommunications equipment company as part of an important effort of streamlining Nokia’s outsourced IT management services. Nokia will partner with HCL for transforming and modernizing its IT infrastructure & applications landscape. TheRead More

L&T Technology Services Bags Digitalization Contract From ExxonMobil

L&T Technology Services Bags Digitalization Contract From ExxonMobil

April 9, 2018 at 11:53 am 0 comments

L&T Technology Services, the IT and technology arm of L&T or Larsen and Toubro, Monday said it has bagged a multi-million dollar contract from ExxonMobil. The pure-play engineering R&D services company has signed an agreement with ExxonMobil Exploration Company, valued at more than $20 million in the first year. “CombiningRead More

Idea Raises Rs 3250 Crore Through Preferential Shares

Idea Raises Rs 3250 Crore Through Preferential Shares

February 12, 2018 at 5:31 pm 0 comments

Idea Cellular on Monday said it has raised Rs 3250 crore by allotting preferential shares to its promoters the Aditya Birla Group. The raised capital will be used to repay debt. In early January this year Idea had announced that the company is planning to raise a total of RsRead More

Cognizant To Invest $100 Mn In Digital Education In US

Cognizant To Invest $100 Mn In Digital Education In US

February 7, 2018 at 6:20 pm 0 comments

Cognizant Wednesday said it will invest $100 million in upgrading technology education in the US. The software firm announced the formation of a new non-profit foundation to support STEM (Science, Technology, Engineering and Math) and digital education and skills initiatives for U.S. workers and students. The foundation will be establishedRead More

Qualcomm Signs RF Solutions Deal With Lenovo, Xiaomi, Oppo And Vivo For $2 Bn

Qualcomm Signs RF Solutions Deal With Lenovo, Xiaomi, Oppo And Vivo For $2 Bn

January 25, 2018 at 11:06 am 0 comments

Qualcomm Thursday said it has signed MoUs with Chinese smartphone makers Lenovo, Xiomi, Oppo and Vivo to supply RF Front End (RFFE) solutions for a value of $2 billion over the next three years. This announcement was made during Qualcomm’s China Technology Day event. The US based chip maker hasRead More

Idea Cellular To Raise Rs 6750 Cr. Via Preferential Shares

Idea Cellular To Raise Rs 6750 Cr. Via Preferential Shares

January 4, 2018 at 8:14 pm 0 comments

Idea Cellular, which is in the middle of a merger with Vodafone India, Thursday said that its board has approved raising Rs 3250 crore through issue of equity shares on preferential basis to its promoters. The company would issue 326.6 million shares in this manner at a price of RsRead More

RCom to reduce debt By Rs 25,000 Cr From Asset Sale, Exit From RBI SDR Framework

RCom to reduce debt By Rs 25,000 Cr From Asset Sale, Exit From RBI SDR Framework

December 26, 2017 at 6:33 pm 0 comments

Anil Ambani’s RCom Thursday said it is hopeful to reduce its existing debt by Rs 25,000 crore from its planned asset sale making the total debt reduction by 85%. The company has put up all its assets that includes spectrum, real estate, tower etc for sale and the company hadRead More

Ericsson Modifies Financial reporting structure, Hints at Goodwill impairment

Ericsson Modifies Financial reporting structure, Hints at Goodwill impairment

December 11, 2017 at 10:38 am 0 comments

Ericsson, once the world’s largest telecom gear maker, has announced that starting Q4 it will come up with a restructured financial reporting method. Besides, it has also restructured its business segments in a new fashion. The company has devided its businesses in to four new segments – Networks, Digital Services,Read More