Cable Firms

Dynamic Cables stock soars 17% on strong Q2 results, robust order book

During the quarter the company saw an uptick in capex spending both by government and private sector derived from increased investment to keep pace with the growing power consumption.

Cable operators hike tariff 5-10% amid rising costs from broadcasters

Multi-Service Operators (MSOs) in the cable television industry have begun implementing tariff hikes ranging between 5-10 per cent from October 1, following a rise in broadcaster tariffs that started in August, according to industry officials. Leading operator Siti Cable has already rolled out the hike, effective from October 1, while other MSOs are either in the process of implementing the increase in a month and actively deliberating over how best to minimise the impact on subscribers. The goal is to absorb a significant portion of the broadcaster-led increase while passing on only a fraction to consumers. "We have not yet raised our tariffs, but it has become inevitable. We've been absorbing increased costs for the past two months, but we can no longer sustain it. On average, we will raise tariffs by 5-6 per cent, though other broadcasters have hiked rates by more than 10 per cent, and in some cases, by as much as 20 per cent," Meghbela Broadband Co-founder Tapabrata Mukherjee to

Paramount Cables Q3 results: Net profit climbs 54% to Rs 22 crore

Wires manufacturer Paramount Cables has reported a 54 per cent rise in its consolidated net profit at Rs 22.03 crore in the December quarter of the current fiscal, boosted by higher income. It had posted a net profit of Rs 14.32 crore during the October-December quarter in the preceding financial year, the company said in an exchange filing on Saturday. The company's total income rose to Rs 285.83 crore, up 29 per cent from Rs 221.99 crore in the year-ago period. It's expenses stood at Rs 263.77 crore as against Rs 207.68 crore year on year. Paramount Cables manufactures multi-core cables, low and high-voltage cables, besides extra-high-voltage cables for industrial applications.

Govt notifies amendments to decriminalise Cable Television Networks Rules

In a bid to boost investor confidence, the government on Thursday notified amendments to the Cable Television Networks Rules that provide the operational mechanism for implementation of the decriminalised provisions of the Cable Television Networks (Regulation) Act. Section 16 of the Cable Television Networks (Regulation) Act, 1995 dealt with the punishment for contraventions under any of its provisions. This section had provision for imprisonment, which might extend up to two years in case of the first instance and five years for every subsequent offence. The imprisonment provisions have been now replaced with a monetary penalty and other non-monetary measures like advisory, warning and censure, an official statement said. These measures will be enforced through the designated officer defined in the rules notified on Thursday. Moreover, Section 16 now introduces an appeal mechanism against the order made by the designated officer. The punishments specified under Section 16 of the

RR Kabel IPO off to slow start on Day 1; Should you subscribe?

The company plans to raise up to Rs 1,964 crore from its maiden share sale in the price band of Rs 983 - Rs 1,035. Offer closes on Friday.

Finolex Cables hits over 4-yr high; stock up 15% in a week post strong Q3

Finolex Cables said that the Union budget 2023 direct benefits to various segment of the company

Cable manufacturer DCX Systems' Rs 500-cr IPO to open for 3 days on Oct 31

The Rs 500-crore initial share-sale of DCX Systems, manufacturer of cables and wire harness assemblies, will open for public subscription on October 31. The three-day Initial Public Offering (IPO) would close on November 2, according to the Red Herring Prospectus (RHP). The company has cut the size of its fresh issue of equity shares to Rs 400 crore from Rs 500 crore planned earlier. Apart from fresh issue, the IPO comprises an offer for sale of equity shares to the tune of up to Rs 100 crore by promoters -- NCBG Holdings Inc and VNG Technology. The company proposes to utilise the net proceeds from the fresh issue towards debt payment, funding working capital requirements, investment in its wholly-owned subsidiary Raneal Advanced Systems to fund its capital expenditure expenses and general corporate purposes. The Bengaluru-based company is primarily engaged in system integration and manufacturing a comprehensive array of cables and wire harness assemblies, and are also involved in

Airtel joins SEA-ME-WE-6 cable consortium; anchoring 20% investment

Bharti Airtel on Monday said it has joined the 'SEA-ME-WE-6' undersea cable consortium in a bid to scale up its high-speed global network capacity to serve India's fast-growing digital economy.

Large cable manufacturers gain as consolidation gathers momentum

Healthy demand uptick and pricing power also improve growth prospects, say analysts

Hinduja group media arm claims turnaround, plans services in new countries

NXTDIGITAL reports annual profit of Rs 110.05 crore as against a loss of Rs 303.43 crore a year ago.

RCom to lose its undersea cable unit as clouds hang over debt revamp

The plan that got the nod this week will grant ownership of GCX to its own creditors in exchange for a debt write down of $150 million, according to a GCX statement and filings

Replacement demand boosts wire & cable makers' profits in Apr-Sep of FY20

To lure customers, companies in the sector have started focusing on customised services to provide complete electrical solutions

Broadband, OTT challenge for media companies; Cable firms to be hit most

Telecom entities Bharti and Vodafone have been aggressive in expanding their broadband services; this will intensify competition in that market