Business

Reliance Jio Infocomm, which offers telecom services under brand Jio, on Friday posted a standalone profit of Rs 612 crore for the April-June period. That marked a 20 per cent month-on-month increase in net profit and the third straight profitable quarter

Stock markets continued their gains to a sixth straight day, with BSE benchmark index Sensex closing 352 points higher at 37,336 on Friday. That marked the first ever closing above the 37,000 level by the 30-scrip BSE index. The NSE Nifty jumped 111 points, or 1 per cent, to settle at 11,278. With that, both key indices registered fresh record

Biocon on Thursday reported a 47 per cent rise in net profit for the April-June period. Helped by higher income from its biologics and research services businesses, Biocon's net profit was above analysts' estimates.

Net profit rose to Rs 120 crore ($17.48 million) for the quarter ended June 30, from Rs 81.3 crore for the corresponding quarter a

Reliance Industries Ltd's telecom unit Jio reported a third straight quarterly net profit, as its cut-price plans continued to bring in more customers. The results vindicate the long-term vision of Reliance Chairman Mukesh Ambani, Asia's richest man, to make the Indian

Telecom companies are offering a host of prepaid recharge packs to attract customers and increase their customer base. Mukesh Ambani-owned Reliance Jio offers 1.5 GB data per day to 5 GB data per day, under it various prepaid recharge packs. Similarly Vodafon

Mumbai/New Delhi: Aditya Birla Group Chairman Kumar Mangalam Birla today said the government has given final approval to the Vodafone-Idea Cellular merger marking the beginning of an "exciting journey". Birla said he is "very optimistic" about

Reliance Industries on Friday reported a record net profit of Rs 9,459 crore for the April-June period. The energy conglomerate had registered a net profit of Rs 9,108 crore for the quarter ended June 2017, which included exceptional items worth Rs 1,087 crore representing profit from divestment of stake in Gulf Africa Petroleum Corporation.

ITC shares surged as much as 7 per cent on Friday, a day after the company surprised the Street with its earnings for the April-June period. ITC share price opened higher at Rs 300 apiece on stock exchange NSE and surged to an intraday high of Rs 307.15 during the session. That meant a nearly 7 per cent jump in ITC share price, from the previous

The government on Thursday extended the deadline for filing income tax return for assessment year 2018-19. The deadline of July 31, 2018 has been extended by a month, the Ministry of Finance said in a statement. That means the assessees can file their income tax

ICICI Bank Ltd, India's third-largest lender by assets, reported a surprise first-quarter net loss on Friday on higher provisions for bad loans and treasury losses. The bank made a net loss of Rs 120 crore ($17.47 million) in the three months to June 30, compared

New GST rates announced last week kicked in today. Items of common use such as sanitary napkins, footwear and refrigerators may get cheaper with the GST (Goods and Services Tax) rates cut on about 88 items coming into effect today. Refrigerators,

The Income Tax Department on Thursday gave assessees an extra month to file their ITR or income tax return for assessment year 2018-19 without any penalty. With that, August 31 became the new deadline for you to file your income tax return this year.

If you are looking to invest your money in safe savings instruments, fixed deposits are always the best choice, say experts. Fixed deposits or FDs are secure fixed income instruments, which offer guaranteed returns. FD interest rates vary according

More and more companies are making broad pay adjustments after taking deep dives into worker pay data. They are auditing their payrolls for gaps between men's and women's pay, tweaking salaries that aren't competitive with other companies and

E-commerce company Snapdeal became cash flow positive in June, co-founders Kunal Bahl and Rohit Bansal said. "We now have achieved the milestone of earning money from our business. This is an incredible achievement for our company and industry, and one that puts us on the path to financial independence and the freedom to pursue long-term growth on

New Delhi: Union Minister Arun Jaitley today exuded confidence that GST rates on cement, ACs and televisions will be cut as tax revenues increase, and only luxury and sin goods will attract the highest slab of 28 per cent. In a Facebook post, Jaitley termed

Jet Airways is offering a discount on domestic and international flight tickets under its scheme called 'Your Next Vacation Awaits'. Jet Airways is offering 25 per cent discount on base fare in premiere and up to 15 per cent on base fare in

Country's biggest cigarette maker ITC Ltd posted a better-than-expected 10 per cent rise in first-quarter profit on Thursday, as the company paid a significantly lower excise duty, a tax on manufactured goods. Profit rose to Rs 2,819 crore ($410.6 million) in the

The ongoing strike by truckers in India has disrupted production and sales of vehicles in the country, as well as exports, resulting in losses for carmakers, an industry body said on Friday. The Society of Indian Automobile Manufacturers (SIAM) said

After several weeks of continued sluggishness in gold prices, investors eye the second half of the year with hopes for higher returns. In the domestic market, festive season demand usually boosts demand for gold jewellery after July, say experts. While the current trend in domestic gold prices is broadly determined by the international gold

Bharti Airtel on Thursday reported a net profit of Rs 97.3 crore for the April-June period. That marked a 73.5 per cent year-on-year decline compared from a net profit of Rs 367.3 crore for the quarter ended June 2017. The profit was boosted by tax gains in t

Reliance Jio recently announced a new scheme called 'JioPhone Monsoon Hungama'. As part of this scheme, Reliance Jio is offering users of 2G and 3G mobile phones to exchange their existing device - which needs to be in working condition - to get a

San Francisco: Facing global backlash over the massive Cambridge Analytica data scandal, Facebook stock nosedived 20 per cent -- wiping over $120 billion off the company's market value -- after its revenue and user growth in the second quarter of 2018 fell short of investor

India Post, the postal system of the country, offers several savings schemes which not only require modest contribution but also offer attractive investment return. Five savings schemes of India Post - savings account, recurring deposit account, fixed

HCL Technologies Ltd beat analysts' estimates for quarterly profit on Friday as it added more high-net worth clients and clocked strong growth at its software services business.Net profit attributable to shareholders rose to Rs 2,431 crore ($353.73 million) in the quarter ended June 30, from Rs 2,211 crore, India's fourth largest IT company said.

Share Market on Friday: ITC, ICICI Bank, Hero MotoCorp were the top gainers in the 30-share Sensex pack.

Domestic equity markets continued their record-breaking spree, with the benchmark indices Sensex and Nifty closing at fresh record highs on Thursday. Advancing for a fifth straight session, the Sensex gained 126 points to close at 36,984 on Thursday

Gold prices went down by Rs 190 to Rs 30,740 per 10 grams at the bullion market on Friday, tracking a weak trend overseas amid fall in demand from the local jewellers, reported news agency Press Trust of India. Silver followed suit and slipped by Rs 230 to Rs 39,200 per

Diesel prices were slashed across the four metro cities on Friday, according to Indian Oil Corporation (IOC). One litre of diesel was being sold in national capital New Delhi for Rs 67.72, in Kolkata for Rs 70.43, in Mumbai for Rs 71.89, and in Chennai for Rs 71.52. On

The Department of Telecom (DoT) has given final approval to the merger of Vodafone India and Idea Cellular, news agency Press Trust of India (PTI) reported, citing government sources. The nod for Vodafone Idea came days after Idea Cellular and