Company

Will Reliance Jio relent on pricing pressure after 6th consecutive ARPU fall?

Reliance Jio's present subscriber base is 331.3 million subscribers, according to Jio’s April-June financial quarter.Jio’s average revenue per user (ARPU) has decline

India’s unicorn tribe grows faster than ever this year

2019 alone has produced over half a dozen unicorns so far, with a new one just last week.Unicorns created this year include Icertis, BigBasket, Rivigo, Delhivery, softwar

Start-ups laud Finance Bill amendments, penalty on flouting angel tax norms

Penalty of 200% for not complying with the conditions laid down for availing angel tax exemption

L&T Finance reports 2% growth in net profit at Rs 549 crore in Q1

In the June quarter of FY19, L&T Finance booked a net profit of Rs 538 crore

Brookfield to infuse Rs 25,215 crore into RIL's telecom tower arm

Jio posts 46% rise in profit to Rs 891 cr in Q1

Reliance Industries Q1 net rises as telecom, retail offset refining hit

RIL’s performance in the refining and marketing segment was affected by lower product realization y-o-y.Revenue from the refining and marketing segment was also up 6.4%

Ex-IL&FS auditors again question NCLT jurisdiction to ban them

The corporate affairs ministry has sought a five-year ban on Deloitte and BSR for their failure to do the statutory job properly while they were auditing these group comp

Reliance Jio tower unit to get Rs 25k cr from Brookfield, other investors; Check Q1FY19-20 results

The RIIHL is the sponsor of the Tower Infrastructure Trust and it currently holds 51 per cent of the issued and paid up equity share capital of Reliance Jio lnfratel. 

Lenders revise bidding norms for Jet, drop aviation experience clause

Bidders will need to have a net worth or assets under management of Rs 1,000 crore to be able to participate in the bid

CoC okays resolution on $10-mn interim funding for Jet Airways

E-voting for first meeting ends, bidding process from today

RIL reports slowest growth in 10 quarters, Q1 net at ₹10,104 cr.

Gross refining margins slump to $8.1 per barrel, sluggish petrochemical business weighs on earnings; exports fall by 4.5%

IndiGo clocks highest-ever quarterly net

Profit surges to ₹1,203 cr., aided in part by cessation of operations by Jet Airways

India's inventory of unsold luxury homes falls 12% to 43,000 units in Q1

Among the top cities, Bengaluru led from the front, recording a significant 49 per cent reduction in unsold luxury stock within a year - from 6,370 units in Q1 2018 to 3,

Domestic air traffic volume picks up again, inches up 6.2% in June: DGCA data

The largest carrier IndiGo continued its market leadership ferrying 5.77 mn passengers in the month, followed by rival SpiceJet with 1.86 mn.However, Indigo's market shar

L&T Finance to exit ₹8,660-crore structured finance biz

L&T Finance has classified its structured finance and debt capital market as 'defocused' book this quarter.L&T Finance said it is looking to focus on core

Audit panel uncovers secret behind IL&FS’ ‘favourable’ ratings

Besides offering various inducements, group also misled CRAs: Grant Thornton

IndiGo board meet to continue Saturday, says CEO Ronojoy Dutta

The board meet also comes against the backdrop of an ongoing spat between promoters Rakesh Gangwal and Rahul Bhatia over alleged corporate governance lapses.Dutta also as

Bharti Airtel could raise another $3.5 billion from stake sale: Moody's

Coupled with the recent rights issue and the initial public offering of its Africa business, Moody's felt this would help bring its debt-to-Ebitda, or leverage, ratio bel

Dabur bucks slowdown trend; Q1 profit rises 10.3% to Rs 363 crore

Consolidated revenue grew 9.3 per cent for the quarter to Rs 2,273 crore, up from Rs 2,081 crore a year ago

‘Indian customers may drive the next innovation at Uniqlo’

Clothes should not have attitude. People should have their individuality, says Yuki Katsuta.We are always researching and studying trends... We want to find out what’s

Ford India recalls 22,690 units of SUV Endeavour over airbag inflators concerns

The vehicles were manufactured at the Chennai plant between February 2004 and September 2014

OYO founder Ritesh Agarwal to buy back shares worth for $2 bn

Ritesh Agarwal’s stake in the company likely to rise to around 30 per cent

Pricing error on Amazon Prime Day sale; buyer gets camera lens worth $13,000 sold for $94

The steal deals started when a shopper noticed that the Sony a6000 and 16-50mm lens bundle worth $550 was listed at just $94.5 on Amazon. 

Kathmandu Marriott hotel opens, vows to deliver unparalleled guest experience

Upon entering the hotel, guests will see thoughtful touches paying tribute to the country. A 500 kilogram Nepalese praying bell hangs from the ceiling while local painti

Mindtree founders have no plan to stay back, says CEO Rostow Ravanan

On Wednesday, the company had announced the appointment of L&T Group's Chairman A M Naik as the non-executive chairman

LTTS Q1 net profit rises 3% to Rs 204 cr on the back of multiple deal wins

Weakness in telecom and hitech vertical led to downward revision of revenue guidance to 12-14% against 14-16% earlier

No differences among Indigo promoters on growth strategy: CEO Ronojoy Dutta

During a conference call to discuss the June quarter financial results, Dutta said the board meeting would continue on Saturday

Manjushree Khaitan to take over as chairman of Kesoram Industries

Manjushree Khaitan named as chairman of the company after her father Basant Kumar Birla passed away earlier this month

Reliance Jio Q1 results Key takeaways: From profit to subscribe base; Check these top 5 power points

Jio continues to build capacity in line with increasing data traffic which crossed the 10 Exabyte mark during the quarter. Jio remains to be the only network to deploy t

Canada's Brookfield to infuse ₹25,215 crore into RIL's tower arm

Proceeds from the investment will be used to repay certain existing financial liabilities of Reliance Jio lnfratel.This is the single largest foreign investment in an Ind

Ritesh Agarwal to deploy $2 billion in his hotel startup OYO to boost stake

The capital received through forthcoming primary round will help boost OYO's expansion plan in India, US, China, UK, EU, and Southeast Asia markets

RIL Q1 result Highlights: Mukesh Ambani's company reports 6.8 percent profit

Reliance Industries Ltd (RIL) today announced results for Q1 FY2019-20. RIL's profit has increased to 6.8%. The growth in RIL's retail and telecoms businesses helped off

Jet Airways creditors approve interim funding of $10 million

The airline’s CoC, led by the SBI, had during the past two days also voted on other resolutions that include calling for bids for the airline and admission of claims by

Reliance Industries Net Profit Rises By 6.82%

The Reliance Industries Limited announced its positive first quarterly results for 2019. As per the reports, its telecom arm - Reliance Jio has reported a Profit After Ta

Reliance Jio Q1 net profit rises 46% to ₹891 crore; ARPU falls to

Reliance Industries Net Rises; Jio Profits Grow

Reliance Industries on Friday reported a near 7 per cent jump in consolidated net profit at Rs 10,104 crore for the quarter ended 30 June, 2019. It was Rs 9,459 crore in

Elon Musk envisions SpaceX Starship's lunar landing by 2021

Musk's SpaceX and NASA announced that the Dragon explosion was traced back to a leak in the craft's pressurisation system.Earlier this year, a SpaceX Crew Dragon spacecra

Reliance Jio reports Q1 profit at Rs 891 crore, EBITDA at Rs 4,686 crores

With a subscriber base of 306 million as of March end, Telecom operator Reliance Jio's financial results for April-June quarter reported that its profit increased from R

RIL Q1 FY19 result: Reliance Industries posts Rs 10,104 crore profit, beats estimates

Reliance Industries (RIL) announced its first quarter (April-June) results for the financial year 2019-20 (FY20) on Friday. The Mukesh Ambani-led company announced a pro

CESC Ventures plans to invest in more start-ups, put in Rs 300 crore

CESC Ventures has also been on an acquisition mode and is leading futuristic businesses like FMCG for the group.

IndiGo board meeting to continue on Saturday, says CEO Ronojoy Dutta

For three months ended June, InterGlobe Aviation reported its highest ever quarterly profit of ₹1,203.14 crore..After Gangwal sought Sebi's intervention to address gov

Tata Steel raising $ 600 million for domestic ops capex, refinancing debt

Tata Steel executive director and CFO Koushik Chatterjee said the company has set a target of reducing gross debt by $1 billion in FY20

RIL Q1 revenues rise 21% to ₹1.61 trillion on boost from Jio, retail

Reliance Retail revenue rises 48% while Jio posted 46% increase in net profit.Gross refining margins stood at $8.1 per barrel as against $10.5 per barrel in the same quar

RIL Q1 results: Consolidated net profit rises 7% to ₹10,104 crore

Consolidated revenue from operations rose 21% to ₹1.61 lakh crore.Gross refining margins stood at $8.1 per barrel as against $10.5 per barrel in the same quarter last

Tata Steel confirms $600 million fundraising

The company has set a target of reducing gross debt by $1 billion in FY20.Tata Steel has net debt of ₹1 trillion, as of March 2019

Deepak Fertilizers & Petrochemicals Corp divests its stake in Desai Fruits and Vegetables

Further, Contract Farming Mauritius has agreed to purchase the balance investments on or before 5 October 2020. Consequent to the aforesaid stake sale, DFV now is no mor

HC issues permanent injunction against Lee Pharma in plea by Mankind Pharma

Mankind Pharma had filed a suit for a permanent injunction restraining Lee Pharmaceuticals from using the content of its website.Mankind Pharma has various domain names r

IndiGo June Quarter Results: Profit rises to Rs 1,203 crore - Here are details

IndiGo said that its profit after tax in the June quarter increased over 42 times to Rs 1,203.10 crore compared to Rs 27.80 crore in the same quarter last year.  

Zydus’ Nesher Pharma gets USFDA nod to market generic ADHD drug

Cadila Healthcare on Friday said Zydus’ Nesher Pharmaceuticals has received final nod from the US health regulator to market generic version of Adder

CAG pulls up Nalco for less than optimal performance, loss of earning

Production loss, extra expenditure estimated at over Rs 2000 crore during 2012-13 to 2016-17