Login To Trade  |  About IIFL
  • NIFTY  7489.1  85.1 1.15%
  • SENSEX 24616.97  278.54 1.14%
  1. General
  2. Others

  3. Others

Union Budget 2013-14: Tata Communications

India Infoline News Service | Mumbai | February 28, 2013 19:24 IST

The Union Budget 2013-14 did not have much focus on the Telecom sector in particular but the overall budget will be good for investments.

The Union Budget 2013-14 did not have much focus on the Telecom sector in particular but the overall budget will be good for investments. There has been a meaningful increase in planned expenditure to the tune of 30%. This year the FM has put out a 4.8% fiscal deficit compared to 5.2% of last year. However, we see that an increase in government support to the industrial corridors will help growth and see a lot of foreign investment over the course of this financial year.
 
We feel positive about the commitment to having an ATM in every PSU bank branch by March 31st 2014 as it will provide a huge thrust to ATM network reach, penetration and adoption in India. As India's largest managed ATM services provider with existing relationships with most of the PSU banks, this presents additional growth opportunities for Tata Communications Payment Solutions Ltd (TCPSL), a wholly owned subsidiary of Tata Communications.

Sanjay Baweja, CFO, Tata Communication

BSE 377 9.60 (2.61%)
NSE 377.30 9.50 (2.58%)

***Note: This is a NSE Chart


Get the most detailed result analysis on the web - Real Fast!

Actionable & Award-Winning Research on 500 Listed Indian Companies.

Read more on: Tata  Communication,Union  Budget  2013-14   
article
113110715809
Union Budget 2013-14: Tata Communications
Union Budget 2013-14: Tata Communications
The Union Budget 2013-14 did not have much focus on the Telecom sector in particular but the overall budget will be good for investments.
http://www.indiainfoline.com/article/news-top-story/union-budget-2013-14-tata-communications-113110715809_1.html
February 28, 2013 19:24 IST
http://content.indiainfoline.com/_media/iifl/img/article/old/full/2057768313_LS_baweja
Tata Communication,Union Budget 2013-14
Others
$rawVideoFileUrl$
$videoPlayerUrl$

Download IIFL Markets App