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Sterlite Tech releases results for QE Ma...
Sterlite Tech has released its financial results for the fourth quarter and year ended March 31, 2018. On an annual basis, the company’s revenues, EBITDA and PAT grew by 24 per cent, 45 per cent and 66 per cent respectively.
Sify Technologies reports results for 20...
Sify Technologies has announced its annual financial result for 2017-18. The company has crossed Rs 20 billion revenue mark, doubling its revenue in just 5 years (it crossed the Rs 10 billion mark in 2013), with over 20 quarters of…
Ericsson trims down its losses during Ja...
Ericsson has reported reduced losses during quarter ended March 2018, when compared to the same quarter an year ago. The company’s net loss during quarter-ended March 2018 stood at 300 million Swedish krona ($35.6m) as against a loss of 11.3…
Softbank’s investment in the Indian in...
According to data by research and data analytics firm, Tracxn, the SoftBank Group, including the SoftBank Vision Fund, has invested more than $8 billion in the Indian e-commerce and internet market during the last five years, thus making it the…
Wipro may see decline in profitability d...
Wipro’s revenue and profitability are set to get impacted for a second consecutive quarter due to some clients filing for bankruptcy. According to the company, its profitability will be impacted by 0.65- 0.75 per cent, primarily due to one of…
Cabinet approves sale of 180 million sha...
The cabinet has cleared the sale of 180 million equity shares of ITI Limited through a follow on public offer (FPO), which will help the company meet the minimum 25 per cent public shareholding norm.