Telecom industry's cash deficit at Rs 1.2 lakh crore: RCom

Telecom industry's cash deficit at Rs 1.2 lakh crore: RCom

Intense tariff war and high taxes are expected to squeeze Indian telecom operators, leaving a gaping Rs 1,20,000 crore deficit between the industry's earnings and its debt/payment commitments this year, says debt-laden Reliance Communications.

Jun 04, 2017, 16:11 PM IST
ZEEL reports consolidated revenue of Rs 16,391 million in Q3

ZEEL reports consolidated revenue of Rs 16,391 million in Q3

Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) was at Rs 5,158 million.

Jan 24, 2017, 16:01 PM IST

ArcelorMittal lowers 2014 outlook on lower iron ore price

Steel titan ArcelorMittal said it has reduced its outlook for 2014 because of a lower-than- expected iron ore price, even as it reported a return to profit in the second quarter of this year.

Aug 02, 2014, 01:58 AM IST

Hindustan Zinc Q1 profit dips 3 pc to Rs 1,618 cr

Vedanta Group company Hindustan Zinc Ltd (HZL) today reported nearly 3 percent dip in net profit at Rs 1,618 crore for the first quarter ended June 30 on the back of lower volumes and increased expenses.

Jul 21, 2014, 19:33 PM IST

'RIL to invest Rs 30K cr in RJio in 2 yrs; biz credit negative'

The investment in the telecom business is a credit negative for RIL because RJio will not generate any EBITDA (an indicator of cash flows) for at least next 12 months.

Jun 23, 2014, 15:59 PM IST

Top 500 cos raise Rs 20K-cr debt for dividend payouts in FY'14

Aggressive dividend payouts by top 500 companies has seen 419 of them together borrowing around Rs 20,000 crore, while paying around Rs 1.2 trillion (Rs 1.2 lakh crore) in FY'14, according to India Ratings.

May 23, 2014, 18:47 PM IST

Vodafone profits warning sends share price slumping

Vodafone earnings will drop this year, in part due to rising costs, the British mobile phone giant warned Tuesday as it slashed the value of its European operations.

May 21, 2014, 10:58 AM IST

Vodafone`s annual profit leaps with Verizon Wireless sale

Vodafone`s annual net profit rocketed to £59.25 billion, boosted by the enormous sale of its stake in US joint-venture Verizon Wireless, the British mobile phone giant said on Tuesday.

May 20, 2014, 13:04 PM IST

SingTel Q4 profit misses expectations, hit by currency losses

The company plans to pay a final dividend of 10 cents a share.

May 15, 2014, 09:52 AM IST

ArcelorMittal posts $1.23 bn net loss for Oct-Dec quarter

It said the results could have been better had the company not incurred USD 1.3 billion on exceptional items.

Feb 07, 2014, 16:38 PM IST

Consolidation on the cards for Indian telecom sector: Fitch

Fitch said only the top (three to four) operators make a profit, while the rest suffer EBITDA losses and have stretched balance sheets.

Nov 21, 2013, 14:56 PM IST

ArcelorMittal reports $780 mn loss for Apr-Jun qtr

ArcelorMittal, world's largest steelmaker, Thursday reported net loss of USD 780 million for the April-June quarter on lower sales and margins, but said outlook might be better in the second half of the year.

Aug 01, 2013, 12:30 PM IST

Air India likely to end fiscal with Rs 65 cr positive EBITDA

In line with its projections in its turnaround plan, Air India is expected to end the fiscal with a positive EBITDA of Rs 65 crore on the back of higher passenger revenue and yield as well as passengers numbers.

Mar 10, 2013, 09:16 AM IST