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23:03 Reliance Jio ends free data plan, but offers cheapest rates; free calls to continue

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11:45 Mapping the market: Telecom stocks ring loudly, midcaps outperform

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14:35 What India expects from Arun Jaitley on February 1 in first budget after demonetisation

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10:44 COMMENT: Crystal-ball gazing: what's the Infosys stock saying?

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16:27 Another 1.15 lakh cos in Mumbai may join GST portal soon

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01:45 Wipro to let go 350-400 employees this fiscal

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03:27 Amul and HUL slug it out in court over the TV commercial that derides HUL frozen desserts

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01:01 Petrol, diesel delivered at your doorstep? Petro ministry looks to make it possible

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Business

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  • Reliance Jio subscriber base at 109 million, says capex will decline

    24 April, 2017 8:15 PM 13

    Mumbai: Almost two-thirds of Reliance Jio Infocomm Ltd’s subscribers at the end of March had signed up for the so-called Prime subscription, indicating their willingness to pay for the service—belying analyst expectations that the user base would fall once the company started charging. Jio, which crossed the 100 million mark in February, barely six months

  • Reliance reports higher Q4 profit, refining margins but also debt

    24 April, 2017 4:41 PM 16

    Mumbai: Energy giant Reliance Industries Ltd (RIL) reported a 12.3% increase in its consolidated March quarter profit, boosted by higher refining margins and better earnings from its petrochemical unit. The cash generated by these businesses enabled the firm to invest aggressively in its telecom venture; yet, by the end of March, the firm reported a decline

  • In RIL Q4, focus on telecom and project commissioning

    24 April, 2017 3:37 PM 14

    Project commissioning and a substantial addition to Jio subscription were the highlights of the quarterly performance of Reliance Industries, although the broad numbers didn’t disappoint either. For the consolidated numbers for the fourth quarter of FY17 – the 45 percent growth in revenue was driven by 50 percent and 26 percent growth in refining

  • Indiabulls Housing Fin Q4 net up 24.4%

    24 April, 2017 3:13 PM 13

    Mortgage lender Indiabulls Housing Finance reported a 24.4% increase in net profit to ₹840.5 crore for the quarter ended 31 March, aided by net interest income growth of 21.8% to ₹1,360 crore. Total revenues of the lender was up 21.8% to ₹3,225 crore, it the company said in a statement. Gross NPAs remained stable at 0.85%. The loan book was at ₹91,302 crore

  • RIL posts 12.3% jump in net profits

    24 April, 2017 3:06 PM 13

    Billionaire Mukesh Ambani led Reliance Industries (RIL) reported better than expected 12.3% increase in its fourth quarter net profits to Rs 8046 crore (including exceptional items) led by better refinery margins. The profits were reported on 45.2% jump in revenues to Rs 92,889 crores due to better realisations in refining and petrochemicals and robust

  • ‘Jio effect: telcos to bleed this year too’

    24 April, 2017 3:06 PM 13

    Muted growth seen for top firms: Crisil Telecom firms will continue to face difficulties in fiscal 2018 as well and two of the top three telcos are set to “bleed” due to intense competition triggered after the unveiling of Reliance Jio, a report said on Monday. “The price war in the ₹1.5-trillion wireless telecom market will continue this fiscal as well leaving

  • India's crude steel output up 11% at 25.77 MT in Jan-Mar

    24 April, 2017 2:57 PM 14

    The country's crude steel output rose by 10.7 percent to 25.76 million tonnes (MT) in the January-March quarter of 2017, against 23.26 MT in the year- ago period, according to global industry body Worldsteel. The global crude steel production was up 5.7 percent at 410.54 MT in the first quarter of 2017 as compared to 388.31 MT in the same period a year ago, the World

  • Bajaj Allianz General Insurance launches domestic travel insurance plan

    24 April, 2017 2:30 PM 14

    Bajaj Allianz General Insurance on Monday launched India’s first customizable domestic travel insurance plan – Bharat Bhraman – for travellers commuting outside as well as within the confines of their city for personal, business or work-related trips or holidays. This policy offers mandatory personal accident (PA) cover for all public as well as private

  • RIL reclaims top slot by market value after 4 years, replaces TCS

    24 April, 2017 2:21 PM 13

    New Delhi: Reliance Industries Ltd on Monday reclaimed its status as the country's most valued firm by market capitalisation (m-cap) after a gap of four years, replacing IT major TCS from the top position. At the end of trade today, RIL commanded a market valuation of Rs 4,60,518.80 crore. This was Rs 1,586.43 crore more than TCS' Rs 4,58,932.37 crore

  • DIPP formulating policy to encourage domestic manufacturing

    24 April, 2017 2:13 PM 12

    The commerce and industry ministry is formulating a policy to give preference to locally manufactured goods in government procurement, a senior official said today. Directorate General of Supplies and Disposal (DGS&D) Binoy Roy said: "Right now, the Department of Industrial Policy and Promotion (DIPP) is in the process of making that policy." DGS&D falls