Posts filed under 'Telecom'
India’s leading mobile telecommunications company Bharti Airtel has come up with a set of decent quartely numbers beating market expectations. The company announced a growth of 46% for FY 2008.
Highlights for Full Year ended March 31, 2008
* Overall customer base crosses 6.4 crore.
* Highest ever-net addition of 2.5 crore customers in a year.
* Market leader with a market share of all India wireless subscribers at 23.8%(22.4% last year)
* Total Revenues of Rs. 27,025 crore (up 46% Y-o-Y)
* EBITDA of Rs. 11,372 crore (up 53% Y-o-Y).
* Cash Profit of Rs. 11,137 crore (up 52% Y-o-Y).
* Net Income of Rs. 6,701 crore (up 57% Y-o-Y).
The stock markets have taken the news positive. The stock has just crossed the Rs. 900 mark. Other telecom stocks including rival Reliance Communications and IDEA are trading positive today.
April 25th, 2008
The Indian stock markets are trading in the green territory this morning. Nifty is at 5051.50 holding the 5050 mark. CNX It is at 4101.45 while Bank Nifty is at 7432.10
Private sector banks are the worst hit amongst the banking stocks this morning. HDFC Bank lost slipped 3.68%. ICICI Bank, Axis Bank and Union Bank are down over 1.2%. SBI , Bank of India, OBC, Bank of Baroda ad Punjab National Bank are marginally in the red.
Telecom stocks are having a mixed day today. It may be recalled that the Department of Telecommunucations has announced the guidelines for the Mergers & Acqusitions in the telecom space.
Himachal Futuristic Communication is down 0.30 and is trading at Rs. 21.30
April 23rd, 2008
The equity shares of the following company shall be listed and admitted to dealings on the Exchange w.e.f. January 29, 2008. Trading shall be in the Normal Market segment – Compulsory Demat (Rolling Settlement) for all investors.
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Sr. No.
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Symbol
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Name of the Company
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ISIN Code
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|
1
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KAVVERITEL
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Kavveri Telecom Products Limited
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INE641C01019
|
January 25th, 2008
The trading in equity shares of Teledata Informatics Limited shall be recommenced on the Exchange pursuant to scheme of arrangement w.e.f. January 17, 2008. Trading shall be in the Normal Market Segment – Compulsory Demat (Rolling Settlement) for all investors.
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Sr. No.
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Symbol
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Name of the Company
|
ISIN Code
|
|
1
|
TELEDATAGL
|
Teledata Informatics Limited
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INE480B01022
|
January 16th, 2008
The media had reports that Mahanagar Telephone Nigam Ltd. may get pan-India mobile licence and may develop its land in Mumbai.
The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.
Mahanagar Telephone Nigam Ltd. has vide its letter inter-alia stated,” We have not provided any such information as given in the media. Decisions regarding pan-India mobile licence, are within the purview of licensing authority i.e Deptt. of Telecom, Govt. of India. As regards development of company’s land in Mumbai it is stated that the company is engaged in ongoing development work and as soon as any specific major development reaches the takeoff stage, relevant information shall be provided at the appropriate time.”
January 4th, 2008
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