Bharti Airtel Q2 net declines 58% on pricing pressures

28 Views Mobile revenues witness year-on-year contraction of 7.2% Bharti Airtel’s net profit fell about 58% in the second quarter of this financial year to ₹249.2 crore, compared with its level in the same period of the previous year, the company announced on Thursday, citing competitive pricing pressures. The company’s total revenue declined 6% to […]

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Vehicle prices will rise as the rupee collapses.

63 ViewsVehicles prices will be increased by at least Rs 300,000 due to the depreciation of the Sri Lankan Rupee, Details of this are given by the vehicle Importers Association. “Prices of imported vehicles will increase by at least Rs200,000-300,000. The increase will definitely fall to the consumer side, The Sri Lankan rupee hit a […]

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Brazil to resume meat exports to Indonesia

129 Views Brazilian authorities said on  the country will soon resume meat exports to Indonesia following the Southeast Asian nation’s import restrictions for years over food security concerns. Brazilian Minister of Agriculture, Livestock and Supply Blairo Maggi said the two countries’ negotiations over trading details are in the final phase. An Indonesian technical group will […]

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Prices up in cigarette

106 ViewsThe Finance Ministry announced the increase on excise duty on cigarettes by Rs.3.80 per stick with effect from midnight yesterday, the Finance Ministry said. The duty on the cigarettes would be determined according to their length, the source said. Accordingly, the price of a cigarette which was Rs. 50 would increase to Rs. 55.00, […]

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Facebook plans office in China

87 ViewsFacebook has secured a licence to set up an office in China in an apparent attempt to break into the lucrative market where its website is blocked. The firm said it would be an “innovation hub to support Chinese developers, innovators and start-ups”. If the office opens, it would be the firm’s first formal […]

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Malaysia and Sri Lanka to enhance cooperation in many fields

72 Views President Maithripala Sirisena and the visiting Prime Minister of Malaysia Dato’ Sri Mohd Najib bin Tun Abdul Razak agreed to expand existing close cooperation in many fields including trade and investment, agriculture, science and technology including nano and bio technology, e-commerce, e-courts, international forums, military training, diplomatic training and intelligence exchange to curb […]

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