Even as debt-ridden telecom operator Vodafone Idea's financial performance in the March 2022 quarter has been in line with the industry expectations, the long-pending fundraise is crucial for the company to remain competitive, say analysts. According to a JP Morgan report, high leverage makes the value of Vodafone Idea (VIL) equity complicated and very sensitive [...]
Retail businesses across India grew 23 per cent in April this year in terms of sales as compared to pre-pandemic levels of the same month in 2019 with customers coming back to stores, as per industry body RAI. According to the latest survey by Retailers Association of India (RAI), retail businesses across regions grew in [...]
Equity benchmarks capitulated in fag-end trade on Friday to post their sixth straight session of loss as investors fled for safety amid dismal macroeconomic data and persistent selling by foreign investors. Building on a firm start, the 30-share BSE Sensex rallied over 800 points in afternoon trade but buckled under intense selling pressure to finish [...]
Media house DB Corp on Friday reported a 60.39 per cent decline in consolidated net profit at Rs 24.52 crore for the fourth quarter ended March 2022. The company had clocked a net profit of Rs 61.91 crore in the January-March period a year ago, DB Corp said in a regulatory filing. However, revenue from [...]
The comprehensive trade agreement between India and the UAE will help in creating huge job opportunities and boost growth of the domestic economy, Commerce and Industry Minister Piyush Goyal said on Friday. The bilateral pact, officially dubbed as the Comprehensive Economic Partnership Agreement (CEPA) is expected to increase the bilateral trade in goods to over [...]
Amid the buzz over Elon Musk's proposed takeover of Twitter, India's homegrown microblogging platform Koo is aiming at overtaking it in the country within a year in terms of user base, which has seen a rapid growth, a senior company official said. Started in March 2020, the social media platform has witnessed 30 million downloads [...]
The Indian Renewable Energy Development Agency on Friday said it is keen to promote more green energy projects in Odisha and has already sanctioned loans worth Rs 670 crore within one year of opening its branch in the state. The Indian Renewable Energy Development Agency (IREDA), a public sector non-banking financial institution, has been engaged [...]
RattanIndia Power on Friday reported a loss of Rs 306.39 crore for the quarter ended March mainly due to lower revenues. The consolidated net profit of the company was at Rs 39.28 crore in the year-ago period, according to a BSE filing. Total income during the quarter came down to Rs 1,032.75 crore from Rs [...]
Welspun Enterprises Ltd on Friday said its consolidated net profit jumped over 58 per cent to Rs 65 crore for the quarter ended March 31, on account of reduced expenses. In the year-ago period, the company had clocked Rs 40.94-crore net profit, Welspun Enterprises Ltd (WEL) said in a statement. However, its total income during [...]
Vodafone Idea Ltd (VIL) and Ericsson on Friday announced achievement of a technology milestone during the ongoing 5G trials, by demonstrating a peak download speed of 5.92 gigabits per second. VIL clinched the new speed milestone on a single test device during its 5G trials in Pune (Maharashtra), according to a release. Earlier, during its [...]
