India's Idea Cellular cuts FY13 capex guidance to $557 mln
MUMBAI Jan 29 (Reuters) - Indian mobile phone carrier Idea Cellular Ltd expects capital expenditure of 30 billion rupees ($557 million) for the fiscal year ending in March, finance chief Akshaya Moondra said, 5 billion rupees lower than its earlier guidance.
Idea expects headline voice tariff to remain unchanged as of now, even though call prices need to be balanced with costs, Managing Director Himanshu Kapania told reporters on Tuesday.
Both executives were speaking at a news conference after India's No. 3 mobile operator by revenue reported a smaller-than-expected 14 percent rise in quarterly profit. ($1 = 53.9050 Indian rupees) (Reporting by Aradhana Aravindan; editing by Malini Menon)
- Tweet this
- Share this
- Digg this
- U.S. nurse defies Ebola quarantine with bike ride; negotiations fail
- In his native Alabama, Apple CEO's announcement he is gay prompts discomfort for some
- Islamic State fighters kill 220 Iraqis from tribe that opposed them
- PM Modi boots officials out of the first class cabin
- Govt considers ban on e-cigarettes, sale of single smokes
The BSE Sensex and Nifty on Friday rose to their second consecutive record highs. The 30-share Sensex surged as much as 1.52 percent to an all-time high of 27,762.13. The broader Nifty gained as much as 1.49 percent to a record of 8,291.65. Full Article
China's shadow banking sector growing rapidly, third largest in world - FSB. Full Article