Consumer businesses, which till last year accounted for a quarter of the company's pre-tax profit, contributed 32 per cent of EDITDA in Q1, the company said.
19 Jul 2019 8:15 PM

Net profit in April-June stood at Rs 10,104 crore while consolidated revenue rose to a record Rs 1,72,956 crore.

Established operators like Bharti Airtel, Vodafone Idea Ltd are in the midst of a bruising tariff war following the entry of Reliance Jio. (Photo: File | ANI)
19 Jul 2019 7:48 PM

RIL statement said that Brookfield will invest Rs 25,215 crore into Tower InvIT.

The board meet comes against the backdrop of an onging spat between promoters Rakesh Gangwal and Rahul Bhatia over alleged corporate governance lapses. (Representational Image)
19 Jul 2019 6:27 PM

The board discussed about appointing a woman director, said CEO Ronojoy Dutta.

Providing new formats for audit report and limited review report in the circular, Sebi said that in view of revision in auditing standards (SA 700) by the Institute of Chartered Accountants of India (ICAI), "audit report formats need to be aligned with SA 700 (revised)".
19 Jul 2019 5:48 PM

This circular shall be applicable with respect to financial results for quarter ending September 30, 2019 and after, Sebi said.

In terms of the traded volume, 3.22 lakh shares were traded on the BSE and over 74 lakh units on the NSE during the day.
19 Jul 2019 5:15 PM

The scrip declined 1.01 per cent to close at Rs 1,249 on the BSE.

Bharti Airtel's leverage is improving, a rating stabilisation will be driven by operational improvement in Indian mobile operations, said Moody's. (Photo: File | PTI)
19 Jul 2019 5:05 PM

Sale of a significant stake in its tower assets would help in further debt reduction, said Moody's.

RJio, in April, had trailed the older operator and held the third spot with 31.48 crore subscribers and 27.08 market market share.
19 Jul 2019 2:45 PM

RJio added 81.80 lakh new subscribers in May and ended the month with 27.80 pc market share and 32.29 crore subscribers.

ShopClues spokesperson said the company has been steadily reducing its workforce mostly in operating functions.
19 Jul 2019 9:43 AM

ShopClues posted losses of Rs 2.08 billion (Rs 208 crore) for the year ended March 2018.

The list of financial creditors, whose claims have been admitted include 14 domestic banks and financial institutions, 12 foreign banks and eight lessors.
19 Jul 2019 9:42 AM

After 4 rounds of hearing, NCLT has asked the RP to file periodic reports on the development in the resolution process.

The ministry's communication comes less than 10 days after Gangwal flagged concerns about corporate governance lapses at InterGlobe Aviation.
19 Jul 2019 9:42 AM

The company will respond to MCA within the prescribed period," the filing said.

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