Month: February 2010

Current Fitch Sovereign Rating of India

by

Here is what Fitch the international rating agency thinks of India. It said,

The Negative Outlook on the Local?Currency IDR reflects the agency’s judgement that the fiscal deterioration in the year to end?March 2009 (FY09) and FY10 has been partly structural in nature, and that India’s public finances are set to stress comparisons with ‘BBB’ peers beyond breaking point. The agency looks for meaningful fiscal consolidation measures to get India’s public finances onto a path consistent with the current ratings.

Read moreCurrent Fitch Sovereign Rating of India

Enterprise Wireline Tariffs to Come Down – Reliance Communication

by

In an analyst call, the management of Reliance Communications have said that Wireline / Landline Tariffs are under pressure as Wireless Tariffs have fallen significantly and the company si facing pressure especially from the Enterprise Segment.

Other highlights of the call are – Although RCOM’s RPM declined 4.6% in Q310, its EBITDA margin was down 156 bp; management mentioned this was due to continued investments in network and higher

Read moreEnterprise Wireline Tariffs to Come Down – Reliance Communication

TVS Motor’s January sales up 34%

by

Chennai-based two-wheeler maker, TVS Motor Company has reported 34% jump in its January sales. The company sold total 125,578 two-wheelers during the month under review against 93,729 units in January 2009.

On domestic front, it has clocked 37% growth in January 2010 by registering sales of 109,504 units as compared to 79,729 units in the corresponding period of the previous year.

Read moreTVS Motor’s January sales up 34%

Reliance Globalcom and Broadband revenues Declines

by

Rcom’s Q3FY10 results were below expectations on the revenue and EBITDA front on account of a steeper decline in Globalcom and Broadband revenues than anticipated. The EBITDA margin declined sequentially by 128bps due to the drop in revenue and a 15.3% increase in access charges, which was only partly offset by a decline in network … Read more Reliance Globalcom and Broadband revenues Declines