Mukesh Ambani-led Reliance Industries on Friday appointed veteran banker K V Kamath as independent director of the firm for five years. “K V Kamath has assumed office as an Independent…
Category: Companies
Reliance Retail Q3 results: Net profit rises 6.2% to Rs 2,400 cr
Reliance Retail on Friday reported 6.2 per cent year-on-year (YoY) jump in its net profit at Rs 2,400 crore for the December 2022 quarter. The retail arm of Reliance Industries…
RIL Q3 results: Net profit declines 15% YoY to Rs 15,792 crore
Reliance Industries Ltd on Friday reported 15% drop in consolidated net profit (attributable to owners of the company) at Rs 15,792 crore for the quarter ending December 31, 2022 as…
Indians spent 8.7 billion hours on shopping apps in 2022: Report
E-commerce platforms continued to reap the benefits of the pandemic in 2022 too, with shoppers spending more and more time buying online vis-a-vis offline stores. Not only were India’s ecommerce…
Important that digital platforms of news publishers get a fair share of revenues from Big Tech: I&B Secretary
I&B Secretary Apurva Chandra on Friday said it’s important that digital platforms of news publishers “get a fair share of revenues” from Big Tech platforms. “There have been issues regarding…
PhonePe, Paytm world’s most downloaded finance apps in 2022
India’s fintech majors PhonePe and Paytm were the most downloaded finance apps in the world in 2022, according to data.ai’s State of Mobile 2023 report. Other Indian apps in the…
Reliance Jio Q3 results: Net profit rises 28% to Rs 4,638 cr
Reliance Jio, the telecom arm of Mukesh Ambani-led conglomerate Reliance Industries Ltd, reported a 28.3% rise in third-quarter profit on Friday, as it added more users. Jio, India’s biggest telecom…
Bandhan Bank Q3 net profit dips 66%; NII drops 2% YoY
Private sector bank Bandhan Bank on Friday reported that its net profit dipped by 66 per cent to Rs 290.6 crore year-on-year due to decline in net interest margin. Its…
Wipro sacks freshers; 800 employees allegedly fired after internal test
Wipro, one of the top five IT companies in India, has terminated hundreds of fresher employees over poor performance after an internal test, Business Today has learned. The company responded…
HUL royalty hike to impact EPS, is against shareholders’ interest, say experts
Hindustan Unilever (HUL), the country’s largest pure play fast moving consumer goods (FMCG) company’s decision to hike royalty payment to its parent Unilever has drawn flak from minority shareholders. Yesterday,…