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Nokia shares down
Others , Uncategorized

Nokia shares down

World’s biggest mobile maker by volume, warned on Tuesday that sales and margins would fall well below its previous guidance and dropped its full-year outlook, sending its shares down 12 percent. Nokia has been losing market shares to iPhone and Android. Nokia said it expected its non-IFRS operating margin for Devices & Services could be around break-even [...]

Bharti Airtel net income drops by 31%
Telecom , Uncategorized

Bharti Airtel net income drops by 31%

Bharti Airtel, India’s leading telecom operator today announced  31% drop in net income at Rs 1,400.7 crore for the quarter ended March 31, against Rs 2,044.4 crore in the  last year, due to acquisitions and rebranding costs and higher interest outgo. Revenues increased to Rs 16,265.4 crore from Rs 10,749 crore in the last year. In [...]