Bharti Airtel continued to report pressure on its profitability during the June 2010 quarter following a further fall in per minute revenue from its network.
HCL Technologies delivered better-than anticipated numbers for the June 2010 quarter. Its growth in IT volumes and revenue was higher than what its bigger peers reported earlier
Wipro's better-than-expected revenue guidance for Q2 endorses demand recovery signalled by TCS & Infosys. IBM, Wipro & TechM in race for $1 bn-plus IT contract
Idea Cellular, the sixth largest telecom operator based on subscriber base, reported lower-than-expected profits and profitability during the June 2010 quarter.
The scrip of Hyderabad-headquartered Infotech Enterprises lost over 6% during Wednesday’s trade.
Infosys is expected to report a 5% increase in revenue for the June 10 quarter, backed by demand recovery in the US market. IT buzz | The rise of multinational IT in India
The announcement of a major cut in IT budget by petroleum giant BP may have a marginal impact on revenues. Mid-term picks | Top 5 picks | Gainers, losers & recos
The deal between Reliance Communications (RCOM) and GTL Infrastructure (GIL) to merge their telecom tower businesses will provide immediate benefits to the RCOM shareholders in the form of reduced debt burden.
Reliance Communications (RCOM) decision to hive off its tower business into an independent tower consortium is expected to ease on its debt-laden balance sheet.
It may give rise to tariff war in this highly lucrative segment of domestic telecom sector. Mukesh back in telecom with a bang | RIL's redial led by Manoj Modi? | Video
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