- Dish TV posts net loss of Rs 48.56 crore
Dish TV posts net loss of Rs 48.56 crore
Direct-to-home services provider Dish TV India Ltd on Wednesday posted a net loss of `48.56 crore for the second quarter ended 30 September.
The company's net loss during the three months ended 30 September 2010 was `45.17 crore.
“Our losses during the quarter have increased primarily due to `30 crore forex loss incurred due to hardening of dollar, which resulted in higher import cost (of the settop boxes) and more transponders' fee”, chief operating officer Salil Kapoor said.
SAIL not to issue fresh equity
Amid volatility in the stock markets, bluechip state owned firm Steel Authority of India Ltd (SAIL) has decided against issuing fresh equity, though the government will go ahead with its proposal to offload a 5% stake in the firm. “The SAIL board has decided that there will be no fresh equity issue".
Only government stake sale will hap pen, disinvestment secretary Moham med Haleem Khan said. The government holds a 85.82% stake in the “maharatna” firm. The 5% stake sale in SAIL is likely to fetch the government over `2,000 crore at current market prices.
Only government stake sale will hap pen, disinvestment secretary Moham med Haleem Khan said. The government holds a 85.82% stake in the “maharatna” firm. The 5% stake sale in SAIL is likely to fetch the government over `2,000 crore at current market prices.
(Source-: mintlive.com)