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HFCL: Benefits from diversification

Sep 3, 2002

Himachal Futuristic Communications Ltd. (HFCL) has reported an impressive turnaround in topline performance. After experiencing a 30% slide in FY02 turnover, the company has made a sharp comeback. Having said that, considering the slowdown in the telecom sector and poor performance of telecom equipment players, such topline performance was unexpected.

HFCL: Singed in slowdown

Jun 25, 2002

Telecom equipment manufacturers experienced a rough year in FY02. Globally, demand for telecom equipment slipped, as telecom service providers pulled back network expansion due to cash crunch and excess capacity built during the tech boom. Domestically, service providers are likely to have delayed purchases to take advantage of reduced prices. However, Himachal Futuristic Communications Ltd. (HFCL) has underperformed, as compared to key industry peers.

HFCL: Extraordinary items spoil show

Jul 4, 2001

Over the last few months Himachal Futuristic Communication Ltd. has been in the news, however, for all the wrong reasons. Nevertheless, the company has reported strong topline growth in the fiscal ended March '01. In FY00, the company had reported a turnover growth of 45%.

HFCL: Impressive show

Nov 7, 2000

Himachal Furturistic Communications Ltd. (HFCL) has reported a metioric growth in topline and other income. Other income has increased due to interest earned on surplus funds. In the fisrt half of FY01 the company has placed shares with the Kerry Packard group, which has resulted in surplus funds. The company has issued 7 m shares during this period.

The focus is on results, takeovers, buybacks

Oct 21, 2000

Just when it seemed that the domestic markets were headed lower, the surge in the US bourses came to the rescue. The NASDAQ infact jumped nearly 10% in three trading sessions. As a fall out, domestic TMT (technology, media and telecom) stocks rallied. So did some other stocks owing to a good performance in the second quarter.

HFCL: Sales, profits zoom

Jul 27, 2000

Himachal Futuristic Communications Limited has posted a sharp 640% growth in bottomline. The company has benefited from the 228% growth in topline and an improvement in operating margins.

The Indian Internet revolution

Jul 1, 2000

REDF. To investors in the United States, this symbol represents just another But for Indians, this marks a milestone. This symbol represents India Limited, the owners of India's most widely viewed portal – The company went public on the NASDAQ on 14th of June 2000. This may not surprise many readers, but the stock price nearly doubled on listing, despite the company having declared losses in excess of US$ 6.5 million in the year ended March 2000. Currently it quot

New economy initiatives spell growth

Jul 1, 2000

The new economy is doing wonders for India. It has provided the Indian entrepreneur with a new business opportunity, which is anticipated to grow rapidly. Indeed McKinsey has projected that the size of the software industry alone in India will grow to US$ 87 billion by 2008.

"We believe that the industry can achieve a growth of 35 - 45%"

Jun 9, 2000

Mr. Tirodkar took time off from his busy schedule to talk to on how he sees the Internet revolution taking shape in India and how Global Tele is placed to capitalise on the opportunity.

Sterlite flirts with demerger…once again

Mar 23, 2000

Sterlite Industries Limited (SIL) has once again decided to reconsider the proposal to split its businesses into two companies – telecommunications and non-ferrous metals.

Shyam Tele to place equity with Qualcomm, Cincom

Mar 9, 2000

According to newspaper reports, Shyam Telecom is to place equity with Qualcomm and Cincom Systems. While Qualcomm is a leader in CDMA technology, Cincom is involved in developing telecom software. The investment is likely to amount to US$ 10 m each.

DoT sets terms for private STD firms

Mar 9, 2000

The Department of Telecommunications (DoT) has prescribed a minimum revenue share of 15% as annual license fee for companies venturing into national long distance services. The DoT has also stipulated that there will be no reserve price for the bids.

Kerry Packer picks up 10% stake in HFCL

Mar 8, 2000

In a recently concluded deal, Himachal Futuristic Communications Limited (HFCL) is to issue over 7 m shares (10% of equity) to Kerry Packer owned Consolidated Press Holdings (CPH) at a price of Rs 1,450 per share. The deal will lead to an inflow of Rs 10 bn into the company.

HFCL to venture into manufacturing of set top boxes

Mar 7, 2000

Himachal Futuristic Communications Limited (HFCL) is to launch set top boxes for direct to home (DTH) services. The move is aimed at tapping demand in Southeast Asia and India.

HFCL to venture into manufacturing of set top boxes

Mar 6, 2000

Himachal Futuristic Communications Limited (HFCL) is to launch set top boxes for direct to home (DTH) services. The move is aimed at tapping demand in Southeast Asia and India.

Global Tele set to unveil payment gateway

Feb 21, 2000

Global Tele-systems (GTL) is to put in place a payment gateway infrastructure, which would enable online inter-bank fund transfer, within a fortnight. The company has signed up with HDFC Bank, Citibank, Dena Bank, Deutsche Bank and six more banks are expected to tie-up by March end.

Open bidding for domestic long distance telephony services

Feb 18, 2000

According to reports, the participation of private sector players in the domestic long distance telephony markets may involve open bidding for national licenses. The licensees will be debarred from carrying intra-circle traffic.

Government plans to extend IT benefits to telecom sector

Jan 24, 2000

The government is planning to extend the benefits granted to telecom companies under Section 80 IA. The proposal has been mooted by the Department of Telecom (DoT) in view of the slow pick up in investments in the sector.

DoT for sharp cut in import duties on telecom equipment

Jan 18, 2000

According to newspaper reports, the Department of Telecom (DoT) has recommended a sharp cut in the import duties levied on cellular phones and pagers from 25% to 5%. It has also proposed that duties on capital goods and raw materials used in the telecom and cable industry respectively be abolished.

HFCL enters WorldTel - Reliance joint venture

Dec 30, 1999

Reports in a leading newspaper state that Himachal Futuristic Communication Limited (HFCL) is close to picking up a 10% stake in the WorldTel - Reliance joint venture. The joint venture is setting up Internet kiosks in seven states at an investment of US$ 1 bn.

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