world news

Bharti Airtel profit down 29 percent on rupee woes

  Last Updated On 30 October,2013 About 6 hours ago

Its mobile Internet revenue doubled from a year earlier, driving overall revenue up 10 percent.

MUMBAI (AP) Bharti Airtel, India s largest telecommunications company, says the weak rupee contributed to a 29 percent slump in quarterly profit.

The company said Wednesday its net profit for the July to September quarter was 5.1 billion rupees ($83 million). It absorbed currency losses of 3.4 billion rupees ($55 million).

However, solid revenue growth in rupee terms boosted the company s stock, which rose nearly 5 percent on the Bombay Stock Exchange.

Bhartil Airtel said its mobile Internet revenue doubled from a year earlier, driving overall revenue up 10 percent.

Double suicide attack in central Iraq kills 12

  Last Updated On 30 October,2013 About 1 hour ago

Law and order situation in Iraq is goring from bad to worse with the passage of time.

BAGHDAD (AP) Officials say a twin suicide attack targeting soldiers and anti-al-Qaida militiamen in central Iraq has killed 12 people.

A police officer says the first attacker detonated his explosives-laden belt late Tuesday among a group of soldiers and Sahwa militiamen gathered in the orchard of a local militia leader in the town of Tarmiyah.

A second suicide bomber blew himself up at the gate of the compound as people tried to flee from the first explosion.

The officer says nine troops, including a brigade commander, and three militiamen were killed, and 23 were wounded. Tarmiyah, a former insurgent stronghold, is about 50 kilometers (30 miles) north of Baghdad.

A medical official confirmed the causality figures. Both spoke on condition of anonymity as they were not authorized to talk to media.