Vodafone Idea, one of the top three telecom players in the country, warned that it will be able to continue as ‘a going concern’ only if it is able to obtain relief from the government. Going concern refers to a company that has the ability to continue to operate and does not face the threat […]
Dish TV India, the country’s largest DTH network by number of subscribers, reported a 4.1% decline in its subscription revenue for the July-September quarter as the company showed signs of stabilizing from the twin impacts of a new system of TV channel pricing and a merger with Videocon D2h. Dish TV completed the merger with […]
DTH operators, who offer various programs and services on their in-house channels, may soon be prevented from carrying popular serials, films and other licensed content, going by TRAI’s latest recommendations. TRAI also recommended that the ministry of information and broadcasting should stop the broadcasting of delayed feeds of existing channels, branded as +1 channels, on […]
Royal Enfield, the country’s biggest maker of premium motorcycles, is unlikely to offer last minute, stock-clearance discounts as part of the BS-VI transition, given that strong festival sales helped clear out much of its inventory. According to company officials, the festival sales this year have been so strong that they have effectively cleared out any […]
Tata Motors’ UK unit Jaguar Land Rover reported a 5.5% decline in its October retail volumes, largely in line with the performance seen in recent months. However, the dip indicated a reversal from September, when it had posted largely flattish numbers and strong sales of 56,832 units. In October, the company has been able to […]
Royal Enfield, the country’s most popular premium motorcycle brand, reported a 22% decline in its September quarter motorcycle sales, even as revenue for parent Eicher Motors fell 9%. Royal Enfield sold 1.63 lakh motorcycles during the three months, down from 2.10 lakh motorcycles sold over the same period in 2018, even as it invests heavily […]
Recent changes in how television channels are priced and distributed have given an advantage to large broadcasting companies, helping them push out smaller and regional channels, India’s biggest association of news broadcasters warned. If left unchecked, the current trends would result in a loss of plurality and the establishment of monopolistic market in the country, […]
GATI, one of India’s largest parcel and logistics companies, reported a 6% decline in its operating revenue for the July-September period, and blamed an ‘abrupt slowdown’ in certain segments of e-commerce. The company was able to bring down expenses, including non-cash items, by only about 3.1%. As a result, the company also swung to a […]
Chennai-based Sun TV Network, which operates to the most widely watched pay channel in India, has inked a content licensing deal with Reliance Jio, India’s biggest telecom operator. Under the deal, Sun TV’s content — including those that it has purchased digital rights for — will be made available on Jio’s apps. With this, thousands […]
Dabur India, the country’s largest maker of fast-moving consumer goods based on traditional recipes and systems, reported a sequential slowdown in sales for the September quarter due to tight financial conditions. On a year-on-year basis, the company was still able to report a 4% growth. The Domestic FMCG business reported an underlying volume growth of […]
Godrej Properties, one of the few real estate companies that have taken the market slowdown in its stride, reported better profits for the quarter ended September even as sales fell sharply. The company’s profit before tax zoomed to Rs 72.88 cr from Rs 3.56 cr for the same quarter last year, despite revenue from its […]
Cadila Healthcare, one of India’s biggest pharmaceutical companies, said it has received a ‘warning letter’ from the US Food and Drug Administration relating to its Moraiya formulations facility in Gujarat. The Moraiya facility is the company’s largest plant that makes tablets and injectables and is estimated to contribute about 40-50% of its U.S. exports. Shares […]
Sun Direct, the Chennai-based direct-to-home satellite TV service, has started giving free access to nearly all Sun Group channels to anyone who activates the base packs designed by the DTH company. The base packs designed by Sun Direct — called DPO packs — start at Rs 200 per month, including tax, for the Tamil market, […]
ECL Finance Ltd, the NBFC arm of Edelweiss Group, said investors can subscribe to its new series of debentures — a type of debt instrument — from Monday, Nov 4. The bonds will carry interest of 9.9%-10.41%, depending on the tenure. The base issue will comprise 10 lakh debentures of Rs 1,000 each, amounting to […]
The arrival of the festival season a month earlier than last year helped Maruti Suzuki report a decent auto sales growth for October 2019. Maruti Suzuki reported a 2.5% increase in its domestic market sales in October to 1.41 lakh vehicles, compared to 1.38 lakh in October last year. This comes after a string of […]
State-owned telecom operator Mahanagar Telefone Nigam Ltd or MTNL has released details of the voluntary retirement scheme or VRS that will be available to its employees as part of its merger with BSNL. The company said the VRS has been based on the ‘Gujarat Model’. Under this model, employees will get a sum equal to […]
Reliance Jio, India’s largest telecom operator by volume of traffic carried, has opposed any ‘bailout package’ for Bharti Airtel and Vodafone Idea, claiming that the two companies have enough assets to pay the back taxes and other dues reinstated by the Supreme Court last week. Instead, Reliance Jio said the government should look at implementing […]
An average Airtel Digital customer spent 4.1% more money on their DTH service in July-September period compared to the previous three months, beating back the seasonal effect of the monsoons and indicating that customers may be gradually spending more on their cable and DTH bills. The monsoon season tends to see smaller recharges by prepaid […]
Bharti Airtel, the former No.1 telecom operator in India, has started bouncing off the bottom as far as its operational numbers are concerned. The numbers for the second quarter (July to September 2019) showed that the company has definitely turned the corner, at least far as broader operating numbers and revenue are concerned. However, the […]
Reliance Jio, India’s biggest telecom operator by volumes, has set a short-term target of signing on 3.5 cr (35 mln) subscribers for its fiber internet service by the end of 2020, said a stock analyst, quoting company sources. “Their immediate target is to sign up 20 mln [2 cr] homes in the next 12-15 months,” […]
