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Vodafone Idea FPO opens to slow start, 26% shares subscribed April 18, 2024
Vodafone Idea sold shares worth Rs 5,400 crore to institutional investors in the first phase earlier this week. Investment firms GQG and Fidelity picked up most of the shares during the anchor book allocation.
GlobalLogic to open Gujarat delivery centre, eyes headcount expansion April 18, 2024
“Our current headcount in India is close to 15,000. We will expand significantly in India in terms of both— presence and headcount,” the top executive said, adding that the company is spending top dollars in upskilling staff in AI technologies.
Nokia India's net sales falls 69% in Q1 as Jio, Airtel normalise 5G investments April 18, 2024
“Within APAC, India net sales declined reflecting the normalization of 5G investments in the region after significant deployments in the year-ago quarter. Elsewhere in APAC, (the) rest of APAC and Greater China also declined,” Nokia said in its earnings report.
Government mulls to sell remaining 15% Bharti Hexacom stake in tranches, to earn special dividend April 18, 2024
The Ministry of Communications’ strategy to sell Bharti Hexacom stake in tranches, according to analysts, worked out well, and is set for a windfall gain for the government.
Airtel Lanka, Axiata's Dialog to merge in Sri Lanka April 18, 2024
Earlier, the Telecommunications Regulatory Commission of Sri Lanka (TRCSL) had granted its approval for the proposed merger.