Shares of telecom operator Vodafone Idea rallied 24 percent and Bharti Airtel gained 6 percent intraday on November 19 after both decided to increase tariffs.Vodafone Idea had gained 21.5 percent in the previous session also and was quoting at Rs 5.53, up Rs 1.06, or 23.71 percent on the BSE at 1058 hours IST.Bharti Airtel touched its 52-week high of Rs 435. It had climbed 4 percent in the previous session and was quoting at Rs 433.10, up Rs 23.95, or 5.85 percent today.Close "Our assessment suggests the possibility of 15 percent hike by Vodafone Idea (VIL) and Bharti. For both VIL and Bharti the hike will be on 45 percent of their customer (non-feature phone) or 70 percent of their revenue. For Bharti it will be on 40 percent of consolidated EBITDA," Motilal Oswal said. related news SpiceJet share price jumps 5% after co's market share increases Buy Bharti Airtel target of Rs 440: Sharekhan This hike on the above revenue and assuming 70 percent EBIDTA margins on incremental … [Read more...] about Vodafone Idea share price surges 24%, Bharti Airtel up 6% after price hike
Loss widens means
Vineeta SharmaEarnings downgrade continued in the recently concluded Q2FY20 corporate results. Non-operative one-offs provisioning has continuously hampered headline profit numbers. These one-offs have remained like a permanent feature during the last four quarters.This quarter, Bharti Airtel reported consolidated loss of Rs 23,000 crore and Yes Bank Rs 629 crore, which pulled down Nifty EPS estimate for FY20 by 620 bps.Close Q1FY20 saw Tata Motors report a loss of Rs 3,600 crore that impacted growth by 0.5 percent and IOC and BPCL further had a negative 1 percent impact on growth. In Q4FY19, SBI and ONGC impacted EPS by 1.7 percent and in Q3FY19, Tata Motors had reported Rs 26,900 crore loss.Vineeta SharmaHead of Research|Narnolia Financial Advisors 9% revenue and 14% net profit growth expected in Q2FY20Boost to exports - relief to home buyers, but holistically earnings need to show upPSU bank merger: Quality of advances & management matters more than sizeMore broadly, revenues … [Read more...] about ‘Q2 review: Bet on these 13 stocks for strong growth in FY21’
On a recent earnings call, VV Apparao, Chief Human Resources Officer at HCL Technologies, said that the company will continue its localisation efforts that now stand at 65.6 percent, and that the company is looking to hire 2000 more people overseas in the next fiscal.HCL is not the only company that is stepping up its talent pool overseas, though it has the highest among its peers. In the last two to three years, most IT firms have increased their hiring overseas, in the wake of tightening visa regulations in their biggest market — the US.For instance, Infosys has made a commitment to hire 10,000 locals by over a two year period and has already hired close to 7,500 people so far. TCS and Wipro too are investing significantly in this space.Close But this overseas recruitment come at a cost to the company and the industry ecosystem as a whole, according to industry experts. related news Oil slips to $62 as trade talks between US-China drag on Eureka Forbes IPO … [Read more...] about Overseas hiring eases H-1B visa burden on IT firms, but at a price
K RaveendranIt is estimated that bets worth Rs 1,300 crore are placed on every One Day International (ODI) cricket match that the Indian team plays. These estimates cite an example from 2015, when the Indian cricket team played 21 ODI matches. This would mean a total betting amount of about Rs 27,300 crore.A Federation of Indian Chamber of Commerce and Industry (FICCI) report of 2013 put the size of India’s underground betting market size at Rs 3 lakh-crore and lamented that India was losing colossal amounts that should have been available for development, only if betting was regulated and taxed.Close This is the most compulsive argument in favour of legalising betting, which is now engaging the active consideration of the government. The Law Commission of India has produced a report titled Legal Framework: Gambling and Sports Betting Including Cricket in India, on a recommendation from the Supreme Court. related news Financial crunch due to Centre's failure to release … [Read more...] about Policy | Is it time to regulate gambling in India?