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Batelco sees Indian unit hitting 2011 profitBatelco, the leading telecom service provider in Bahrain, expects its full-year profit to fall about 19 per cent due to the start-up costs for its Indian unit and stronger competition at home, its chief executive said. Batelco is one of th More… |
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Emaar's India unit to cut IPO size by halfIndian developer Emaar MGF Land plans to cut its initial public offering to about Rs20 billion ($430 million), half the size it announced earlier this year, two sources with direct knowledge of the matter said. Emaar MGF, a joint venture b More… |
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Etisalat to boost stake in Indian unitUAE telecom services operator Etisalat has announced plans to boost stake in its Indian subsidiary Etisalat DB from 44.73 per cent to 50 per cent plus one share. The announcement comes a day after the Emirati telecom giant posted record 20 More… |
