Tariff war: Vodafone Idea Q3 loss breaches Rs 5K crore

Due to a brutal tariff war with Reliance Jio Infocomm Ltd, the firm which is also India’s largest telco by revenue saw losses in what was its first full-quarter results post completion of the merger of Vodafone India and Idea Cellular on 31 August last year. Continue Reading

TI Financial Holdings PAT up by 25%

TI Financial Holdings Limited (TIFHL) has stated that the firm registered profit after tax for the quarter ended 31 December, 2018 at Rs 2.05 crore as against a profit of Rs 1.25 crore in the corresponding quarter of the previous year. Continue Reading

Airtel Q3 net slumps 72%, 4G customers increase

Country’s largest telecom player by revenue market share, Bharti Airtel has announced its third quarter results for the financial year 2019. As per the results Airtel’s Q3 net profit declined by 72 per cent compared to the same period a year ago. Continue Reading

Indian Bank global biz crosses Rs 4 lakh crore

The bank’s net profits have declined by 49.8 per cent to Rs 152 crore from Rs 303 crore on account of higher provisions towards bad debts. CASA on the other hand grew by 6.85 per cent y-o-y from Rs 73,835 crore to Rs 78,890 crore. Continue Reading