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15 January, 2019 10:28 AM Fertiliser Minister seeks additional Rs 23,000 cr to clear January-March subsidy bill

The Fertiliser Ministry has sought additional Rs 23,000 crore from the Finance counterpart to meet the subsidy requirement for the January-March quarter, a senior government official said on Tuesday. Till December, a subsidy payment of Rs 23,283 crore was due towards fertiliser companies and the ministry was left with about Rs 13,056 crore from the budgeted 105

15 January, 2019 10:22 AM Zee Entertainment Q3 profit jumps 50% at Rs 562.7cr; subscription revenue up 28%

Zee Entertainment Enterprises has registered 50.3 percent jump in its Q3FY19 net profit to Rs 562.7 crore against Rs 374 crore in the same quarter last fiscal. Revenue of the company was up 17.9 percent at Rs 2,167 crore against Rs 1,838 crore. The company reported 20.6 percent jump in its domestic ad revenue at Rs 1371.9 crore, while domestic subscription 104

14 January, 2019 9:20 AM Bharti Airtel in talks to buy Telkom Kenya: Sources

India's Bharti Airtel is in talks to buy Telkom Kenya, the East African nation's smallest telecoms operator, to create a stronger challenger to market leader Safaricom, three industry sources told Reuters on Monday. London-based Helios Investment, which owns a 60 percent stake in Telkom, is looking to partly cash out of the investment which it entered 98

14 January, 2019 8:31 AM Cyient climbs 4% ahead of board meeting to consider share buyback

Company, on January 17, will also consider the un-audited financial results for the quarter ended December 31, 2018. Cyient shares gained 4.4 percent intraday Monday ahead of the meeting of board of directors to consider share buyback later this week. "Board meeting is scheduled to be held on January 17, 2019, to consider a proposal for buyback of the equity 98

11 January, 2019 1:41 PM Realme 3 to Be Launched in Q1, 48-Megapixel Camera Phone in the Works: Report

Realme could soon expand its portfolio by adding none other than the Realme 3. The Oppo-spinoff currently has four models in its lineup, including the Realme U1, Realme 2, Realme 2 Pro, and Realme C1. Alongside the successor to the Realme 2, Realme is reportedly in plans to bring a 48-megapixel camera phone. That new model could make the competition 130

11 January, 2019 10:56 AM Infosys Q3 profit falls 12%; FY19 CC revenue growth forecast raised to 8.5-9%; buyback approved

The revenue has been reported at Rs 21,400 crore, a rise of around 4 percent compared to the previous quarter of Rs 20,609 crore. IT major Infosys' reported 12 percent quarter on quarter (QoQ) decline in December quarter net profit to Rs 3,609 from Rs 4,110 crore last quarter. The revenue was at Rs 21,400 crore, up around 4 percent over the previous 57

10 January, 2019 8:00 AM Top seed John Isner defeated by Taylor Fritz in Auckland Classic second round

Top seed John Isner suffered a 7-6(3) 7-6(5) defeat at the hands of fellow American Taylor Fritz in the second round of the Auckland Classic on Wednesday. The big-serving Isner, ranked 10th in the world, fired 26 aces but struggled in his second serve as Fritz took full advantage to edge the match in an hour and 39 minutes. "I really wanted to get the win on him. I knew I could 64

9 January, 2019 1:34 PM GSPL Q3 PAT seen up 12% YoY to Rs. 203.1 cr: Kotak

Kotak has come out with its third quarter (October-December’ 18) earnings estimates for the Oil, Gas & Consumable Fuel sector. The brokerage house expects GSPL to report net profit at Rs. 203.1 crore up 12% year-on-year (down 37% quarter-on-quarter). Net Sales are expected to increase by 37 percent Y-o-Y (down 2 percent Q-o-Q) to Rs. 478.3 crore, according 71

9 January, 2019 5:26 AM Indusind Bank Q3 Net Profit seen up 2% YoY to Rs. 954.9 cr: ICICI Direct

ICICI Direct has come out with its third quarter (October-December’ 18) earnings estimates for the Banking & Financial Institutions sector. The brokerage house expects Indusind Bank to report net profit at Rs. 954.9 crore up 2% year-on-year (up 3.8% quarter-on-quarter). Net Interest Income (NII) is expected to increase by 17.9 percent Y-o-Y (up 1.4 percent 63

9 January, 2019 3:18 AM IL&FS Crisis: Lenders Asked To Classify Loans To Firm As Non-Performing, Says Report

In October, the government took control of IL&FS, after a string of defaults on debt obligations by the company spooked domestic markets. The Reserve Bank of India (RBI) has asked lenders of Infrastructure Leasing and Financial Services (IL&FS) to classify loans extended to the bankrupt shadow banking firm as non-performing, two sources with direct knowledge 114