KOLKATA: Vodafone Group Plc’s win in the international arbitration against India in a retrospective tax case does not change local joint venture Vodafone Idea’s weak ground situation and is unlikely to trigger fresh investment momentum, even from its British parent, said analysts. They said the Vodafone Group won’t see any fresh money come in, nor … Read more
Mumbai: Broadcaster Zee Entertainment Enterprises may post a sharp drop in net profit in the quarter ended June as Covid-19 pandemic-induced lockdown significantly hurt advertising demand. The television channels were also forced to air rehashed old content as production came to a grinding halt. The company is slated to announce its June quarter earnings on … Read more
Shares of NTPC inched higher in Friday’s trade ahead of the company’s financial result for the quarter ended June 30 later in the day. The scrip traded 0.23 per cent up at Rs 87.40 at around 9.23 am (IST), while the benchmark BSE Sensex was up 0.44 per cent at 38,479 at around the same … Read more
NEW DELHI: Shares of GAIL rose nearly 2 per cent in Thursday’s trade ahead of the company’s June quarter results scheduled for later in the day. The company is expected to report up to 60 per cent fall in consolidated net profit on 30-35 per cent decline in sales. Updates on the execution of new … Read more
NEW DELHI: Riding on a one-time gain from the divestment of its fuel retailing business and a superlative performance of its telecom venture, Reliance Industries (RIL) managed to get back to reporting net quarterly profit above Rs 10,000 crore. The numbers were on the expected lines, but a sharp drop in revenue from petchem business, … Read more
Mumbai: Telecom major Bharti Airtel may report its losses narrowed in the quarter ended June from a year ago, despite the challenges posed by the Covid-19 pandemic. The telecom sector was an outlier as most sectors remained non-operational for most of the June quarter due to pandemic-induced lockdown. Even as the lockdown increased data consumption, … Read more