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Tag Archives: Asia

Tata Steel implements solar-powered drinking water projects across Noamundi, Katamati areas

Tata Steel has made use of solar energy to provide drinking water facilities in villages across Noamundi and Katamati areas in the west Singhbhum district of Jharkhand. In 2016-17, the company executed nine drinking water management projects through solar power system in villages across Noamundi and Katamati areas, which are ... Read More »

Hero MotoCorp commences commercial production at Bangladesh plant

Hero MotoCorp has commenced commercial production in the manufacturing facility at its subsidiary HMCL Niloy Bangladesh. This plant, located at Jessore in Bangladesh, has an installed capacity of 150,000 vehicles per annum. This is the company’s second manufacturing facility at an overseas location. The company, which has rapidly expanded to ... Read More »

Fitch Ratings affirms Bharti Airtel’s Foreign Currency IDR at ‘BBB-’

Credit rating agency, Fitch Ratings has affirmed Bharti Airtel’s Long Term Foreign Currency Issuer Default Rating (IDR) and senior unsecured rating at ‘BBB-’. The outlook on the IDR is stable. The company’s ‘BBB-’ rating reflects its established market leadership in the Indian wireless services industry. The agency has also affirmed ... Read More »

Fortis Healthcare gets nod to enhance ceiling limit for FIIs up to 75%

Fortis Healthcare has received its board’s approval to enhance the ceiling limit on total holdings of FII/SEBI approved sub-accounts of FIIs, FPIs, QFIs, Non Resident Indians (NRIs) and Person of Indian Origin (PIO) under the Portfolio Investment Scheme up to 74% of the paid-up equity capital of the Company. The ... Read More »

RBI restricts foreign investors from buying in Fortis Healthcare

The Reserve Bank of India (RBI) has restricted the Foreign Institutional Investors (FIIs)/Foreign Portfolio Investors (FPIs) in Fortis Healthcare as the foreign investors have crossed the overall limit of 24% of paid-up capital of the company. RBI monitors ceilings on FII/NRI/PIO investments in Indian companies on a daily basis. Fortis ... Read More »

NIIT Technologies enters into partnership with Arago

NIIT Technologies has entered into partnership with Arago, a pioneer in artificial intelligence (Al) and leader in autonomous automation, to integrate Arago’s general Al technology HIRO into its automation offering TRON Smart Automation. HIRO is a unique problem-solving Al platform that dynamically reacts to a changing environment and is able ... Read More »

Bharti Airtel adds 28.53 lakh subscribers in April

Bharti Airtel has added 28.53 lakh users in April 2017. Following this, the company’s total customer base has increased to 27.65 crore with market share of 29.59%. Bharti Airtel is a leading integrated telecommunications company with operations in 17 countries across Asia and Africa. The company ranks amongst the top ... Read More »

Bharti Airtel to focus cost controls, 4G data revenues: Report

Bharti Airtel will reportedly focus on cost controls and 4G data revenues and spend $2.5 billion in capex. The company strives to acquire more market share even if this means continuing to take a hit on average revenue per user (ARPU) in the near term. Bharti Airtel is a leading ... Read More »

IOC in talks with Saudi Aramco on downstream investments: Report

Indian Oil Corporation (IOC) is reportedly in talks with Saudi Aramco on downstream investments, including a mega project on its west coast, which could help the Organization of the Petroleum Exporting Countries (OPEC) member lock-in customers amid an oil supply glut. Oil producers are targeting growing demand in Asia to ... Read More »

Facebook ties up with Bharti Airtel: Report

Facebook has reportedly partnered with Bharti Airtel for setting up of 20,000 Wi-Fi hotspots across the country. Facebook will offer affordable internet services to the netizens through its express Wi-Fi service. Bharti Airtel is a leading integrated telecommunications company with operations in 17 countries across Asia and Africa. The company ... Read More »