|Day's Range||1,302.00 - 1,329.85|
|52 Week Range||930.00 - 1,467.75|
|PE Ratio (TTM)||12.91|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
India on Saturday finalised a policy that would allow local private companies to work with foreign players to make high-tech defence equipment, in a boost to Prime Minister Narendra Modi's bid to cut reliance on imports. The policy, whose finer details are still to be formalised, will initially allow the entry of private companies into the manufacture of submarines, fighter aircrafts and armoured vehicles through foreign partnerships, a statement issued by the Defence Ministry said. Industry experts have said that delays in finalising procurement policies have undermined India's efforts to get local, largely inexperienced, companies to tie up with foreign manufacturers, a necessary step if domestic firms are to utilise the latest technology.
Vodafone struggles with the law of large numbers. Growing earnings and top line gets harder the bigger the company and at £56bn in market value the London-listed group more than qualifies. Since completing ...
Britain's Vodafone forecast a jump in cash generation this year, allowing it to reward shareholders with a higher dividend as it eases back on network investment and moves to solve problems in India where a new price war has broken out. The company's upbeat outlook sent its shares more than 4 percent higher, relieving investors after a tough year that saw the group report a 6.1 billion-euro ($6.7 billion) loss, dragged down by last year's $5 billion write-down on Vodafone India. Chief Executive Vittorio Colao said that excluding the Indian business, adjusted core earnings rose 5.8 percent to 14.1 billion euros, beating market expectations, and growing faster than revenues as the company improved efficiency.