And while funding from private investors has decelerated considerably since the fourth quarter of 2015, it looks like Amazon has upped the tempo with cash flow generation. In 2015, its free cash flow jumped 284%.
Reliance Communications Ltd (R-Com) and Aircel Ltd are likely to complete the merger of their wireless operations by the end of the month.
Mphasis Ltd’s latest results are a reminder that growth remains a challenge for the company.
Just when you think Bharti Airtel Ltd already has all the mobile spectrum it needs, the company goes ahead and buys some more. Last Friday, it announced it will pay Rs.3,500 crore to buy spectrum in the 2300MHz band from Aircel Ltd in eight telecom circles. This is less than a month after it agreed to pay Videocon Telecommunications Ltd Rs.4,430 crore for spectrum in the 1800MHz band in six circles. The spectrum in both these bands is suited for fourth-generation (4G) telecom services.
Blackstone Group, which has had a miserable run in India, appears to have struck a decent deal for its investment in Mphasis.
Equitas Holdings Ltd will be the first so-called small finance bank (SFB) to hit the public markets.
Shares of Just Dial Ltd have had a roller coaster ride this year. First, they halved from around Rs.840 at the beginning of the year to Rs.415 in mid-February. Since then, they have rallied back to around Rs.740. While the markets have been volatile this year, Just Dial’s swings are… Read more »
Infibeam is the oddball of the e-commerce industry: its revenue growth is glacial, as compared to Flipkart, but it has managed to post profit. But with the IPO, it has thrown caution to the wind
The lack of excitement is understandable. First, the company doesn’t have a great track record in integrating acquired companies.
Tata Consultancy Services Ltd (TCS) is seriously evaluating the acquisition of Dell Inc.’s IT services division, according to multiple reports. Technology news website Re/code first said on 14 December that Dell’s talks with TCS had reached an advanced stage, but ended because the companies couldn’t agree on a price. The… Read more »