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Telcos likely to post higher margins in Q4: Barclays.

Bisakha Saumyadarsini, Published On:06-Apr-2013

Buoyed by increased revenue per minute and subscriber churn from smaller operators, telecom majors are expected to post higher revenues and margins in the fourth quarter of the last fiscal, says a Barclays report.

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IT dept slaps Rs 3900cr tax order on Aditya Birla Grp cos.

Bisakha Saumyadarsini, Updated On:23-Jul-2013

Aditya Birla Telecom and Idea Cellular are now under the tax department’s scanner, with notices adding up to Rs 3,900 crore, reports CNBC-TV18's Aakansha Sethi.

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Larsen & Toubro bags Rs 2 004 cr orders in March

Bisakha Saumyadarsini, Updated On:28-Aug-2013

Engineering firm Larsen & Toubro (L&T) today said it bagged orders worth Rs 2,004 crore across various business segments in March.

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India asks Vodafone Idea to stop 3G pact imposes fines.

Bisakha Saumyadarsini, Updated On:05-Jun-2013

The telecommunications ministry has asked Vodafone Group Plc's local unit and Idea Cellular to stop 3G services outside their licensed zones and imposed penalty on both carriers, a senior government official said, in a dispute that has dragged on for more than a year.

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Mahindra Holidays buys 49% stake in Arabian Dreams Hotel

Bisakha Saumyadarsini, Published On:06-Apr-2013

Mahindra Group Company Mahindra Holidays & Resorts India Ltd (MHRIL) today said it has picked up 49 percent stake in Arabian Dreams Hotel Apartments LLC, a Company that operates a hotel property in Dubai, for an undisclosed sum.

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RBI gives 17 licences for White ATMs Tatas to open soon.

Bisakha Saumyadarsini, Updated On:05-Jun-2013

The Reserve Bank of India (RBI) has identified 17 non-bank entities out of 19 which applied for setting up White Label ATMs. Two of them including a Tata group company are expected to be operational in next few months.

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Haryana to challenge Adani tariff power ruling.

Bisakha Saumyadarsini, Published On:05-Apr-2013

The government of Haryana will challenge the power regulator's ruling this week that allows Adani Power CERC ruling is new lease of life for Adani Power: CLSA

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Coal India gains on govt stake sale report.

Bisakha Saumyadarsini, Published On:05-Apr-2013

Shares in Coal India Ltd gain as much as 4.1 percent after Bloomberg news reported that the government plans to raise Rs 200 billion by selling part of its stake in the company.

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Voltas eyes 20 Percent rise in air conditioning sales rev in FY14.

Bisakha Saumyadarsini, Updated On:23-Jul-2013

Tata group firm Voltas Ltd today said it expects revenues from air conditioners to increase by 20 per cent in the current fiscal as it aims to clock 10 lakh unit sales.

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RIL may share RCom spectrum launch 4G service by Dec.

Bisakha Saumyadarsini, Updated On:05-Jun-2013

The agreement between telecom firms of Ambani brothers will help RIL launch 4G services by December, and the deal may be extended to spectrum sharing once new licence norms are finalised, investment banking major Goldman Sachs has said.

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Tech Mahindra expands footprint in Turkey Central Asia.

Bisakha Saumyadarsini, Updated On:28-Aug-2013

IT firm Tech Mahindra today announced the launch of its new centre in Istanbul, which will serve as a hub for Turkey and Central Asia region. Tech Mahindra aims to bank on the young and cosmopolitan population of Turkey and provide specialised services to its customers from this centre.

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ITC down 2 Percent hikes cigarette prices by 14-18 Percent

Bisakha Saumyadarsini, Updated On:23-Jul-2013

ITC increased cigarette prices by 14-18 percent reports DNA. The hike was in line after the government announced an increase in the excise duty on cigarettes in Budget 2013.

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Essar Steel India on Thursday said that it has appointed Ashutosh Agarwala its finance director and chief financial officer.

Bisakha Saumyadarsini, Published On:05-Apr-2013

Essar Steel India on Thursday said that it has appointed Ashutosh Agarwala its finance director and chief financial officer.

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President Obama To Nominate Brian Deese to Deputy Director of the Office of Management and Budget..

BISAKHA SAUMYADARSINI, Published On:04-Apr-2013

President Barack Obama on April 1st 2013 announced his intent to nominate Brian Deese to Deputy Director , Office of management and Budget .

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Mutual fund industry AUM soars by Rs 1.5 lakh cr.

BISAKHA SAUMYADARSINI, Published On:04-Apr-2013

Improved market sentiments helped mutual funds assets under management ( AUM ) soar by Rs 1.5 lakh crore to touch rs 8.2 lakh crore in 2012-2013

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L&T to build terminal complex at Abu Dhabi Airport by 2017

Bisakha Saumyadarsini, Updated On:05-Apr-2013

L&T construction has secured an airport terminal project in Abu Dhabi for USD 256.77 million. Under the contract, the firm will develop a midfield terminal complex at the Abu Dhabi International Airport.

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Dr Reddys Labs launches Zoledronic acid injection in US

Bisakha Saumyadarsini, Updated On:05-Apr-2013

Dr Reddys Laboratories has launched Zoledronic acid injection in US market. Zoledronic injection available in single-use vial for Intravenous Infusion, report CNBC-TV18.

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Prof Dr Uday Salunkhe group director- we school

Priyanka Nayak, Updated On:05-Jun-2013

"We school" Institute of Management is an autonomous institute that also offers distance learning programs. It is accredited by Distance Education Council (DEC).As the rural sector is expected to boom and hold the bulk of world’s manpower in the years to come, those who enter it now will definitel

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Hexaware hopes to get 19-20 Percent EBITDA by 2013 end

Bisakha Saumyadarsini, Updated On:23-Jul-2013

Hexaware Technologies hopes to get 19-20 percent earnings before interest, tax depreciation and amortisation by end of 2013 buoyed by an improved sentiment across key market and a new order USD 30 million, Chairman Atul Nishar told CNBC-TV18 today.

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Ambani brothers join hands for telecom biz sign Rs 1200 crore deal

Priyanka Nayak, Updated On:05-Jun-2013

Reliance Jio Infocomm Ltd and Reliance Communications Ltd today announced the signing of a definitive agreement for approximately Rs 1,200 crore as one-time indefeasible right to use (IRU) fees for sharing RCom's nationwide inter-city fibre optic network infrastructure

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