Bharti Airtel profit down 29 percent on rupee woes
Last Updated On 30 October,2013 About 6 hours ago
Its mobile Internet revenue doubled from a year earlier, driving overall revenue up 10 percent.
MUMBAI
(AP) Bharti Airtel, India s largest telecommunications company, says
the weak rupee contributed to a 29 percent slump in quarterly profit.
The
company said Wednesday its net profit for the July to September quarter
was 5.1 billion rupees ($83 million). It absorbed currency losses of
3.4 billion rupees ($55 million).
However,
solid revenue growth in rupee terms boosted the company s stock, which
rose nearly 5 percent on the Bombay Stock Exchange.
Bhartil Airtel said its mobile Internet revenue doubled from a year earlier, driving overall revenue up 10 percent.
Double suicide attack in central Iraq kills 12
Last Updated On 30 October,2013 About 1 hour ago
Law and order situation in Iraq is goring from bad to worse with the passage of time.
BAGHDAD
(AP) Officials say a twin suicide attack targeting soldiers and
anti-al-Qaida militiamen in central Iraq has killed 12 people.
A
police officer says the first attacker detonated his explosives-laden
belt late Tuesday among a group of soldiers and Sahwa militiamen
gathered in the orchard of a local militia leader in the town of
Tarmiyah.
A second suicide bomber blew himself up at the gate of the compound as people tried to flee from the first explosion.
The
officer says nine troops, including a brigade commander, and three
militiamen were killed, and 23 were wounded. Tarmiyah, a former
insurgent stronghold, is about 50 kilometers (30 miles) north of
Baghdad.
A medical official
confirmed the causality figures. Both spoke on condition of anonymity as
they were not authorized to talk to media.
Kenya's media has expressed outrage after parliament approved a bill imposing regulation on journalists.
In a late-night sitting on Thursday, MPs voted to set up a
communications tribunal with the power to impose fines for breaching a
code of conduct.
Media houses could face fines of $234,000 (£146,000), and individual journalists up to $12,000 (£7,000).
The bill still needs to be approved by President Uhuru Kenyatta before becoming law.
It comes a week after Kenya's top security chiefs warned
journalists over their coverage of September's attack on the Westgate
shopping centre by Islamist militants in which 67 people were killed.
CCTV footage was leaked to the local media which appeared to
show soldiers taking items from a supermarket; the army said the
soldiers were only taking water during the siege.
Two soldiers have since been sacked and jailed for looting
but the army chief denied there had been "widespread looting" and said
there had been an attempt by the media to paint the soldiers as
"unprofessional".
Bharti Airtel profit down 29 percent on rupee woes
Last Updated On 30 October,2013 About 6 hours ago
Its mobile Internet revenue doubled from a year earlier, driving overall revenue up 10 percent.
MUMBAI (AP) Bharti Airtel, India s largest telecommunications company, says the weak rupee contributed to a 29 percent slump in quarterly profit.
The company said Wednesday its net profit for the July to September quarter was 5.1 billion rupees ($83 million). It absorbed currency losses of 3.4 billion rupees ($55 million).
However, solid revenue growth in rupee terms boosted the company s stock, which rose nearly 5 percent on the Bombay Stock Exchange.
Bhartil Airtel said its mobile Internet revenue doubled from a year earlier, driving overall revenue up 10 percent.
Double suicide attack in central Iraq kills 12
Last Updated On 30 October,2013 About 1 hour ago
Law and order situation in Iraq is goring from bad to worse with the passage of time.
BAGHDAD (AP) Officials say a twin suicide attack targeting soldiers and anti-al-Qaida militiamen in central Iraq has killed 12 people.
A police officer says the first attacker detonated his explosives-laden belt late Tuesday among a group of soldiers and Sahwa militiamen gathered in the orchard of a local militia leader in the town of Tarmiyah.
A second suicide bomber blew himself up at the gate of the compound as people tried to flee from the first explosion.
The officer says nine troops, including a brigade commander, and three militiamen were killed, and 23 were wounded. Tarmiyah, a former insurgent stronghold, is about 50 kilometers (30 miles) north of Baghdad.
A medical official confirmed the causality figures. Both spoke on condition of anonymity as they were not authorized to talk to media.
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