Budget 2020

VI could continue to be a dominant telecom player along with Airtel and Jio: Sudip Bandyopadhyay

Sudip Bandyopadhyay, Group Chairman, Inditrade Capital, is betting on Ashok Leyland and in auto space. What is the outlook on the auto basket? Now, I am looking at the commercial vehicles segment. The pickup in demand in commercial vehicles is real and probably we are just seeing a beginning of this pickup in demand and […]

Budget 2020

Cabinet approves PLI plan for telecom

Incremental output estimated at ₹2.4 lakh cr., MSMEs to get a leg up; 40,000 jobs may be created The Union Cabinet on Wednesday approved the production-linked incentive scheme for the telecom sector with an outlay of ₹12,195 crore over five years. The scheme, which aims to make India a global hub for manufacturing telecom equipment, […]

Budget 2020

Reliance Jio Q3 results: Net profit rises 16% QoQ; ARPU rises to Rs 151, beats estimates

MUMBAI: Reliance Industries subsidiary Reliance Jio Infocomm today reported a net profit of Rs 3,291 crore, which was 16 per cent higher than the previous quarter, with revenues rising 6 per cent to Rs 18,492 crore. The country’s largest telecom operator by subscriber base reported average revenue per user of Rs 151, which was higher […]

Budget 2020

HCL Q3 takeaways: Upgrade in FY21 guidance, order wins & more

NEW DELHI: HCL Technologies on Friday upgraded its Ebit margin guidance for FY21. Suggesting that the technology sector is in the midst of a massive digitisation wave, the IT firm said it won 13 transformational deals during the December quarter. The IT major’s revenues for the quarter beat Street estimates. A strong expansion in margin, […]