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Mukesh Ambani-led Reliance Jio announced free data and voice calls for existing and new customers under the Happy New Year offer, days before the 90-day inaugural welcome plan ended on December 3.

Business

Jio subscriber base at over 340 mn, ready to kick-start 4 new growth...

The investment cycle of Reliance Jio is complete, and about Rs 3.5 lakh crore has been invested in high-speed 4G...

12 Aug 2019 12:16 PM IST

Business

BP to pay Rs 7,000 cr for 49 pc stake in Reliance's fuel retail...

Last week, the two firms had announced a new joint venture to set up petrol pumps and retail aviation turbine fuel in...

12 Aug 2019 12:12 PM IST

Reliance Industries chairman Mukesh Ambani.

Business

Aramco to take 20 pc in Reliance's oil, chemical biz at around Rs 1.06...

Saudi Aramco is also keen on retailing fuel in India.

12 Aug 2019 11:49 AM IST

In an earlier report, the committee had recommended the option of handing over the management of BSNL and MTNL to those professionals who have a proven track record of facing a stiff competitive environment coupled with efficient management of finances, equipment, manpower and modern marketing strategies.

Business

Cash-strapped BSNL chasing dues of Rs 3,000 cr from biz clients

The move comes at a time when Bharat Sanchar Nigam Ltd (BSNL) is facing mounting pressure on its financials.

11 Aug 2019 7:38 PM IST

Mortgage lender Dewan Housing Finance Ltd (DHFL) on Tuesday said that it has cleared interest of Rs 961 crore due on non-convertible debentures (NCDs) and would be seeking a rating upgrade from agencies.

Business

DHFL seeks a Rs 15,000-cr lifeline as resolution plan gets delayed

ast week, DHFL had submitted a draft resolution plan to lenders which are yet to be approved by them.

11 Aug 2019 7:23 PM IST

InVIT will acquire 100 per cent equity interest in Pipeline Infrastructure Pvt Ltd, owner and operators of the pipeline that transports Reliance Industries Ltds eastern offshore KG-D6 gas to customers, according to a statement issued by RIL.

Business

Reliance to produce only jet fuel, petrochemicals at Jamnagar after...

The company is preparing its Jamnagar complex to be future ready as fuel demand undergoes change.

11 Aug 2019 12:07 PM IST

$\The suggestion of alleged violation of FDI laws of India is completely misconceived and misplaced,\ Godfrey Phillips India said in a regulatory filing.$ Business

Godfrey Phillips profit doubles to Rs 118 cr in June quarter

The consolidated income of the company during April-June increased to Rs 858.49 crore, from Rs 612.56 crore.

10 Aug 2019 3:01 PM IST

Fitch will no longer provide ratings or analytical coverage for RCom.

Business

RCom Q1 loss widens to Rs 366 crore

Total income of RCom during the reported period declined to Rs 866 crore from Rs 1,008 crore a year ago.

10 Aug 2019 1:01 PM IST

The significant drop in nets, according to analysts, can be attributed to softer metal prices, higher costs, US-chain trade tussles and global meltdown.

Business

Hindalco net falls 28 per cent on softer metal prices

he company had posted a profit of Rs 1,474.69 crore in the year-ago period.

10 Aug 2019 1:39 AM IST

Manufacturing sector contracted by 0.4 per cent in November as against a growth of 10.4 per cent a year ago. (Representational image)

Business

Automakers cut production to align with tapering market demand

M&M said it would be observing 'no production days' in various plants for 8-14 days during second quarter of 2019-20.

9 Aug 2019 7:48 PM IST

Minister of State for Finance Arjun Ram Meghwal.

Business

E-mobility mission to be implemented in phases based on industry...

MoS Arjun Ram Meghwal informed that three lakh electric vehicles have already been sold under the FAME India Scheme.

9 Aug 2019 5:04 PM IST

At the time of the rocket attack, SpiceJets SG 22 Kabul-Delhi flight was preparing for take-off at the airport. (Photo: PTI/Representational)

Business

SpiceJet posts Rs 262 crore profit in June quarter

The carrier had a net loss of Rs 38.1 crore in the year-ago period.

9 Aug 2019 2:09 PM IST