COMPANIES NEWS - Page 203

Bharti Airtel, Bharti Infratel, Bharti Infratel shares, Bharti Airtel debt, Airtel debt

Bharti sells stake in Bharti Infratel for Rs 3,325 crore

November 14, 2017 12:52 IST

Bharti Airtel, India's largest telecom operator, will primarily use the proceeds from this sale to pare its debt.

GIC Re net rises 465% in September quarter

November 14, 2017 01:55 IST

For the half year ended September, profit jumped 89 per cent to Rs 1,809 crore as against Rs 955 crore in the year ago period.

Vodafone, Idea sell tower business to ATC Telecom for Rs 7,850 crore

November 14, 2017 01:30 IST

Indian subsidiary of American Tower Corp to gain approximately 20K towers.

Khadim India to debut on bourses tomorrow

November 13, 2017 17:12 IST

The net proceeds from the issue are to be utilised towards payment of loans and general corporate purposes.

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India’s Reliance Communications shares slump after fourth straight quarterly loss

November 13, 2017 16:26 IST

Shares in the company, widely known as RCom, fell as much as 12.1 percent and were down 10.3 pct at 0424 GMT. With net of debt of 443 billion rupees as of end-March, RCom is the most leveraged among listed Indian telecom companies.

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Uber board strikes agreement to pave way for SoftBank investment

November 13, 2017 05:05 IST

SoftBank, a Japanese conglomerate that has become a heavyweight in Silicon Valley tech investing, is leading a consortium of investors that plans to invest $1 billion to $1.25 billion in Uber.

DLF debt swells to Rs 26,800 crore after loss in September quarter

November 12, 2017 13:12 IST

DLF expects to reduce its debt significantly from the proposed infusion of over Rs 13,000 crore into the company, mainly from promoters' stake sale to GIC.

RIL posts record Rs 9,516 crore profit in Quarter 2

Reliance Infrastructure Q2 net down 4.7 per cent

November 12, 2017 01:12 IST

Reliance Infrastructure on Saturday reported a 4.7 per cent year-on-year decline in Q2FY18 net profit to Rs 543.81 crore.

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L&T net rises 27 per cent but order guidance down

November 12, 2017 01:10 IST

The company had guided a growth of 12 per cent-14 per cent over last year’s order inflows in the beginning of the year.

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‘Acquisition to be finalised by March’: HPCL deal not thrust upon us, says ONGC chairmanSubscriber Only

November 12, 2017 01:01 IST

The Union Cabinet on July 19 approved a plan to sell the government’s 51 per cent stake in HPCL to ONGC.

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ONGC aims to complete HPCL acquisition by March: Chairman Shashi Shanker

November 11, 2017 18:36 IST

When completed, ONGC will become the first fully integrated state-run oil and gas company with significant upstream and downstream operations with many refineries and over 14,400 retail outlets.

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Vodafone invites RCom customers following network shutdown

November 10, 2017 15:30 IST

"We at Vodafone always try to offer maximum value to our customers in terms of service, network and price," Vodafone India, Tamil Nadu - Business Head, S Murali said.

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Tata Motors profit jumps 195%

November 10, 2017 02:39 IST

The domestic numbers were boosted by overall sales improvement, especially the passenger car business which had been struggling for long.

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Wipro Consumer Care to invest in Happily Unmarried

November 9, 2017 22:33 IST

The company said it will use part of the fund for repayment of existing debt advanced by a wholly-owned subsidiary of Info Edge India.

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33 Indians to become MD from Jan 1: Goldman Sachs

November 9, 2017 18:11 IST

Goldman Sachs said that 17 per cent of new MDs are part of engineering organisation, while 47 per cent of the class worked in multiple divisions.

Thermax second quarter profit down by 27 per cent

November 9, 2017 01:57 IST

As on September 30, 2017, Thermax has an order backlog of Rs 4,819 crore, as against Rs 3,917 crore in September 2016. Compared to last year’s Rs 4,257 crore, the group order backlog stands at Rs 5,261 crore.

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PayPal launches India operations

November 9, 2017 00:51 IST

The company also has plans to bring in its other global services like merchant credit and forex remittances.

Suzuki Motorcycle mulls 2nd plant in India

November 7, 2017 17:18 IST

The company's current plant in Haryana has an annual capacity of 5.4 lakh units. It is spread over 10 acres out of a total of 37 acres available for future expansion.

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World’s biggest shipping company counts cost of cyberattack

November 7, 2017 16:03 IST

The Copenhagen-based group reported Tuesday a $1.5 billion loss for the third quarter, from a profit of $429 million a year earlier. Revenue increased to $8 billion from $7 billion.