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Telecom industry revenue down 7% in Q4: Jefferies

Telecom industry revenue down 7% in Q4: Jefferies

Wed, Jun 13, 2018

The quarter saw the fringe players` AGR revenue market share (RMS) falling 600 basis points (bps) led by the exit of Aircel and Reliance Communications (RCOM). 

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Cognizant reports $18-million loss in Q4

Cognizant reports $18-million loss in Q4

Wed, Feb 07, 2018

US-based IT major Cognizant today reported a net loss of $18 million for the December 2017 quarter compared to a profit of $416 million in the year-ago period.   

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Here’s how different sectors reacted to the Union Budget 2018

Here’s how different sectors reacted to the Union Budget 2018

Fri, Feb 02, 2018

Know the reactions from industry experts on the Union Budget 2018.  

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Amazon posts largest profit in its history on sales, tax boost

Amazon posts largest profit in its history on sales, tax boost

Fri, Feb 02, 2018

Amazon.com Inc on Thursday reported a profit near $2 billion, the largest in its history, as the online retailer drew millions of new customers to its Prime fast-shipping club for the holiday season and as changes to U.S. tax law added to its bottom line.

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Demolitions, dent in sentiment to cut December 31st revenues by 25%

Demolitions, dent in sentiment to cut December 31st revenues by 25%

Sun, Dec 31, 2017

The ongoing demolition drive and "negative sentiment" following the Kamala Mills fire tragedy will shave off the business of city restaurants and pubs by 25 per cent during the New Year celebrations, said an industry source.

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AGR definition sub-judice: Tata Tele on CAG report

AGR definition sub-judice: Tata Tele on CAG report

Sat, Dec 23, 2017

Tata Teleservices (Maharashtra) Ltd today said the definition of adjusted gross revenue on which licence fees and other charges are paid to the government is sub-judice and the recent CAG report on under payment is based on its own interpretation.

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Reliance Jio, Tata Teleservices, others understate revenue by Rs 14,000 crore, says CAG

Reliance Jio, Tata Teleservices, others understate revenue by Rs 14,000 crore, says CAG

Wed, Dec 20, 2017

Tata Teleservices, Telenor, Videocon and Reliance Jio are among five telecom firms which have understated revenues by over Rs 14,800 crore, resulting in a short fall of nearly Rs 2,578 crore to the exchequer, government auditor CAG said today.

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Did Amazon beat Flipkart at the e-commerce game this year?

Did Amazon beat Flipkart at the e-commerce game this year?

Mon, Dec 11, 2017

Rivals in the e-commerce sphere - Amazon and Flipkart are at it again to claim the throne for India's top 'go-to' market place. Who will emerge victorious?  

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Kerala raises legal drinking age to 23

Kerala raises legal drinking age to 23

Thu, Dec 07, 2017

CPI(M)-led government had eased the previous government's stringent liquor policy which led to closer of most of the liquor shop, although only five star hotels were permitted to serve India made foreign liquor. This led to conversion of many liquor outlets into wine and beer parlour.

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Airlines may revoke cancellation fees; here’s how much they earned from these charges

Airlines may revoke cancellation fees; here’s how much they earned from these charges

Tue, Nov 28, 2017

Cancellation fees that have now begun to touch the Rs 3,000 mark could be revoked. We tell you how much these airlines have earned from charging customers these fees.  

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Nomura warns against govt's stimulus package; blames fiscal stress on higher spending

Nomura warns against govt's stimulus package; blames fiscal stress on higher spending

Wed, Sep 27, 2017

Nomura says it may be counterproductive this time if the government uses a stimulus package to help the economy on the growth track.

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KFC, Pizza Hut post 4th consecutive quarterly growth in India

KFC, Pizza Hut post 4th consecutive quarterly growth in India

Fri, Aug 04, 2017

Fast food chains KFC and Pizza Hut have posted 9 % and 8 % growth respectively in system sales for the second quarter ended June 30, 2017 -- the fourth consecutive quarter of positive sales.

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Mobile advertising revenue of nearly $8 billion in Q2 powers Facebook's growth

Mobile advertising revenue of nearly $8 billion in Q2 powers Facebook's growth

Thu, Jul 27, 2017

Facebook posted a nearly 50% growth in advertising revenues in Q2 as mobile advertising revenues surged to an 87% growth during the quarter.

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Engine delays hit Airbus profits, delivery targets fragile

Engine delays hit Airbus profits, delivery targets fragile

Thu, Jul 27, 2017

Europe`s Airbus on Thursday unveiled a one-third slump in half-way operating profit on flat revenue, as delays in engine deliveries for its upgraded A320neo hit interim earnings.

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Samsung's Q2 net profit hits record high

Samsung's Q2 net profit hits record high

Thu, Jul 27, 2017

South Korean tech giant Samsung Electronics on Thursday reported a second quarter net profit of 11 trillion won ($9 billion), up 89 % year-on-year, the company said in a statement here.

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Jet Airways cutting pilot pay to trim costs, sources say

Jet Airways cutting pilot pay to trim costs, sources say

Thu, Jul 20, 2017

Jet Airways, India's second-largest airline by market share, has asked dozens of its junior-ranking pilots to accept 30-50 % pay cuts, or quit, as it moves to bring down its costs, according to two sources and letters seen by Reuters.

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IndiGo, GoAir passenger load factor grows in May; Spicejet reaches ‘record high’ PLFs

IndiGo, GoAir passenger load factor grows in May; Spicejet reaches ‘record high’ PLFs

Wed, Jun 21, 2017

Domestic carriers record high passenger load factors and have also increased flying capacity addition which analysts estimate to be a positive on the yields of the airlines.  

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Maharashtra government to formulate beach shack policy

Maharashtra government to formulate beach shack policy

Tue, Jun 20, 2017

The Maharashtra government has decided to come up with a beach shack policy to promote beach tourism along the coastline, develop the coastal areas, generate revenue and employment.

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President Donald Trump owes lenders nearly $315 million, disclosure shows

President Donald Trump owes lenders nearly $315 million, disclosure shows

Sat, Jun 17, 2017

President Donald Trump had personal liabilities of at least $315.6 million to German, U.S. and other lenders as of mid-2017, according to a federal financial disclosure form released late on Friday by the U.S. Office of Government Ethics.

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Total value of enemy properties touches Rs 1.04 lakh crore; Uttar Pradesh leads the immovable property list

Total value of enemy properties touches Rs 1.04 lakh crore; Uttar Pradesh leads the immovable property list

Tue, Mar 28, 2017

The total number of vested immovable property with custodian of enemy properties in India is 9,280 with Uttar Pradesh leading all states at total number of propeties at 4,991 with gross valuation of Rs 82,441.23 crore

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