Manasi's Feed
Jun 29, 2011

Idea Cellular: has its time come or gone?

MUMBAI (Reuters) – Although the multi-billion dollars telecom licensing scam put off investors from the sector, Idea Cellular’s(IDEA.NS: Quote, Profile, Research) stock climbed 19 percent since March, benefiting from being untainted by the scam but also fuelled by solid growth rates.

Regulatory uncertainty has clouded the telecom sector’s outlook with the fate of dozens of licenses hanging in balance after a state auditor said some companies wrongly won those licenses in a 2008 grant process.

Jun 28, 2011

Idea Cellular: A divisive idea: has its time come or gone?

MUMBAI, June 28 (Reuters) – Although the multi-billion
dollars telecom licensing scam put off investors from the
sector, Idea Cellular’s stock climbed 19 percent since
March, benefiting from being untainted by the scam but also
fuelled by solid growth rates.

Regulatory uncertainty has clouded the telecom sector’s
outlook with the fate of dozens of licenses hanging in balance
after a state auditor said some companies wrongly won those
licenses in a 2008 grant process.

Jun 21, 2011

Spanco in talks with PE investors; ramps up ops

MUMBAI, June 21 (Reuters) – Telecom and IT services firm
Spanco Ltd (SPTS.NS: Quote, Profile, Research) is in talks to bring in private equity
investment in its BPO business and expects to close a deal in
the next six months, an official told Reuters late on Monday.

This investment will be a part of the 5-billion-rupee influx
of funds approved by the company’s board in March.
[ID:nSGE72001N]

Jun 21, 2011

Spanco in talks with PE investors; ramps up ops

MUMBAI, June 21 (Reuters) – Telecom and IT services firm
Spanco Ltd is in talks to bring in private equity
investment in its BPO business and expects to close a deal in
the next six months, an official told Reuters late on Monday.

This investment will be a part of the 5-billion-rupee influx
of funds approved by the company’s board in March.

Jun 14, 2011

Sun TV shares wilt, but fundamentals shine

MUMBAI (Reuters) – Investors were spooked when power changed hands in Tamil Nadu and Dayanidhi Maran, Sun TV founder’s brother, was named in a lawsuit related to a telecom probe, but as the dust settles, more are attracted to the battered stock.

Sun TV’s shares plunged after the DMK party, seen to be close to Sun TV’s founders, lost the Tamil Nadu state elections and the name of Dayanidhi Maran was named in a telecom probe, where he allegedly favoured Malaysia’s Maxis Communications in return for investment in his family business.

Jun 14, 2011

Sun TV wilts under political heat, but fundamentals shine

MUMBAI, June 14 (Reuters) – Investors were spooked when
power changed hands in the southern state of Tamil Nadu and
Dayanidhi Maran, Sun TV founder’s brother, was named in a
lawsuit related to a telecom probe, but as the dust settles,
more are attracted to the battered stock.

Sun TV’s shares plunged after the DMK party, seen to be
close to Sun TV’s founders, lost the Tamil Nadu state elections
and the name of Dayanidhi Maran was named in a telecom probe,
where he allegedly favoured Malaysia’s Maxis Communications in
return for investment in his family business.

Jun 1, 2011

Reliance Broadcast eyes standalone op margin of 20 pct by Q4 FY12

MUMBAI, June 1 (Reuters) – Media firm Reliance Broadcast
Network Ltd expects standalone operating margins to
rise to 20 percent by the last quarter of FY12, helped by strong
growth in its radio and intellectual property businesses, a top
executive told Reuters on Wednesday.

“The radio business largely operates at close to a 20
percent margin and there will be more margin growth happening on
the radio business,” Chief Financial Officer Asheesh Chatterjee
said.

May 30, 2011

Geodesic in talks to buy U.S.-based firm – MD

MUMBAI, May 30 (Reuters) – Communications products maker
Geodesic Ltd is in talks to acquire a U.S.-based
mobile payments firm and hopes to close a deal by August, a top
executive told Reuters on Monday.

The company has been scouting for acquistions worth about
$15-20 million, particularly in areas of content delivery to
supplement its communication vertical, Managing Director Kiran
Kulkarni said in an interview.

May 26, 2011

Tech Mahindra Q4 net profit halves on Satyam

MUMBAI, May 26 (Reuters) – Tech Mahindra (TEML.NS: Quote, Profile, Research, Stock Buzz), India’s
No. 5 software company, on Thursday said quarterly profit fell
by more than a half, mainly due to losses related to Mahindra
Satyam (SATY.NS: Quote, Profile, Research, Stock Buzz).

Earlier this week, Mahindra Satyam, which Tech Mahindra
bought in 2009, reported a quarterly net loss. It was hurt by a
one-time expense due to settlement of a U.S. shareholder
lawsuit. [ID:nL3E7GN0M7].

May 12, 2011

Hinduja Global plans centre in Jamaica by Sept

MUMBAI, May 12 (Reuters) – BPO services provider Hinduja
Global Solutions plans to foray into Jamaica
with a greenfield centre by September this year, a top
official told Reuters on Thursday.

The company, a part of the diversified Hinduja Group, has
already got a letter of intent (LoI) from a Jamaican company to
set up a 100-seater BPO centre in Jamaica to cater to the
utilities vertical.