Cable Firms
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
 "Finolex Cables hits over 4-yr high; stock up 15% in a week post strong Q3")
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
 "Cable manufacturer DCX Systems' Rs 500-cr IPO to open for 3 days on Oct 31")
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.
 "Airtel joins SEA-ME-WE-6 cable consortium; anchoring 20% investment")
Large cable manufacturers gain as consolidation gathers momentum
Healthy demand uptick and pricing power also improve growth prospects, say analysts
 "Large cable manufacturers gain as consolidation gathers momentum")
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.
 "Hinduja group media arm claims turnaround, plans services in new countries")
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
 "RCom to lose its undersea cable unit as clouds hang over debt revamp")
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
 "Replacement demand boosts wire & cable makers' profits in Apr-Sep of FY20")
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
 "Broadband, OTT challenge for media companies; Cable firms to be hit most")
