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24 April, 2017 12:53 PM RIL net profit beats estimates; 10 key takeaways from Q4 results

Reliance Industries' results for the quarter ended March 31, which were announced post market hours on Monday, were largely ahead of most analysts’ expectations. RIL closed 1.06 percent higher on the NSE at 1,417. Most analysts expect shares to open with a positive bias once trading resumes on Tuesday. Reacting to the results Deven Choksey, MD of KR Choksey 14

24 April, 2017 11:40 AM Reliance Q4 beats Street; profit up 1.6%, GRM at $11.5/bbl; Jio users at 108.9 mn

Gross refining margin for the quarter was at USD 11.50 a barrel, which was far ahead of estimates of USD 11 a barrel. Petrochemical major Reliance Industries' quarterly earnings beat analysts' expectations on Monday as profit on standalone basis grew by 1.6 percent sequentially to Rs 8,151 crore for January-March quarter. Revenue from its operations 13

24 April, 2017 11:26 AM Reliance Jio posts net loss of Rs 22.5 crore for second half of FY17

Mukesh Ambani-led Reliance Jio has posted a net loss of Rs 22.5 crore for the six months ended March 31, 2017, compared to the net loss of Rs 7.46 crore in the previous financial year. Fiscal 2018 will be the first full year of operations of Reliance Jio as the company has started charging its customers from April after offering free voice and data for the past seven 16

24 April, 2017 11:22 AM Reliance Jio's Net Loss Rises To Rs 22.5 Crore In October-March

Reliance Jio reported a net loss of Rs 22.5 crore for the six months ending March 31, 2017 on Monday, up from Rs 7.46 crore reported in the corresponding period of last fiscal. The new entrant in the telecom sector said it received no revenues from its operation during the last six months of fiscal year 2016-17 but its other incomes stood at Rs 0.54 crore 17

24 April, 2017 10:38 AM NITI's vision: Houses, vehicles, ACs for all by 2032

NEW DELHI: Government think tank NITI Aayog has envisaged a new India in which all citizens in 15 years will have houses with toilets, two-wheelers or cars, power, air conditioners and digital connectivity. This is a glimpse of Vision 2031-32 presented by the NITI Aayog Vice-Chairman Arvind Panagariya to the body's Governing Council, chaired by Prime 14

24 April, 2017 8:42 AM UltraTech Cement’s Q4 net profit falls 11.9% to Rs 688.3 crore

The company’s standalone total income was up 3 percent at Rs 7,499.4 crore against Rs 7,283.9 crore during March quarter of last fiscal. Cement major UltraTech Cement reported 11.9 percent fall in its standalone net profit for the March quarter. Net profit for the March quarter stood at Rs 688.3 crore against Rs 780.8 crore during the same period last year. Meanwhile 12

24 April, 2017 7:15 AM SBI Minimum Balance Requirement: How Much Fine You Have To Pay

SBI or State Bank of India is charging a fine on savings bank account customers not meeting the average monthly balance requirement. The amount of penalty for non-compliance with monthly average balance or MAB requirement is based on customer location - such as metro, urban, semi-urban and rural. This was said by India's largest bank SBI on Twitter while 25

24 April, 2017 6:01 AM JHS Svendgaard Laboratories settles disputes with P&G India

Delhi-based JHS Svendgaard Laboratories Ltd (JHS) today said it has settled ongoing disputes with FMCG firm Procter and Gamble (P&G) out of court. "This is inform that the ongoing disputes at various courts between the company and various group companies of Procter & Gamble Inc. in India, have been settled with mutual consent and concluded positively 15

24 April, 2017 5:44 AM India will be a $7.25 trillion economy by 2030: Niti's Arvind Panagariya

New Delhi: The Indian economy will see an over three-fold expansion at USD 7.25 trillion by 2030 and clock an average growth rate of 8 per cent over the next 15 years, Niti Aayog vice chairman Arvind Panagariya said today. In a presentation made at its Governing Council meeting — chaired by Prime Minister Narendra Modi and attended by 28 state chief 16

24 April, 2017 4:00 AM Delhi civic polls: 54% vote amid EVM glitches, despite scorching heat

A total of 2,537 candidates were in the fray. Millions of voters in the national capital on Sunday exercised their democratic right amid EVM glitches and scorching heat to pick three new municipal bodies in an election crucial for all three main contenders -- the BJP, Congress and the AAP. According to the State Election Commission, 54 per cent of the 1.32 crore 23