Airtel posts Rs 23,045 cr net loss in Q2 on AGR provisioning

New Delhi (IANS) Bharti Airtel has reported a consolidated net loss of Rs 23,044.9 crore in Q2 of 2019-20, against a loss of Rs 2,866 crore in the previous quarter, on provisions towards Adjusted Gross Revenue (AGR).

On AGR, it said the liabilities/provisions…

Govt may shut doors on consolidation in public sector oil firms

New Delhi (IANS) Government may shut doors on further consolidation in the public sector oil companies but allow companies to diversify and grow organically to achieve the scales that matches the performance of international and domestic private sector…

'Traditional wholesale lost half its revenue share post DeMo, GST'

Mumbai (IANS) A report on consumer goods distribution channels has revealed that while modern trade and e-commerce have gained significant revenue share after the "twin shock" to the economy, demonetization and Goods and Services Tax (GST), traditional…

Vodafone issues ultimatum to Indian govt: UK media

New Delhi (IANS) The British media is calling Vodafone's ultimatum not to pump in more capital in India, a "potentially disastrous but fitting end to Vodafone's big bet on India" where the destruction of value has been complete.

Global…

Finance panel grills FinMin on DeMo, state of economy

New Delhi (IANS) Demonetisation came to haunt Finance Ministry officials all over again with a section of the lawmakers choosing the subject to grill the executive while raising questions whether the move taken three years ago was the prime reason…

Saudi Aramco lists RIL investment, expansion in India in monster IPO prospectus

New Delhi (IANS) Saudi Aramco launched has its prospectus for the worlds biggest IPO with a potential largest ever company valuation of estimates ranging wildly from $1.2-2.3 trillion, with an India angle-acquiring 20 per cent in Reliance Industries…

India smartphone market ships record 46.6 mn units in Q3 2019

New Delhi (IANS) Driven by online sale festivals and new model launches, India's smartphone market shipped a record 46.6 million units in the third quarter (Q3) of 2019, with 26.5 per cent quarter-over-quarter (QoQ) and 9.3 per cent year-over-year…

Liquidity flows, healthy Q2 expected to push equities higher

Mumbai  (IANS) Liquidity flows, as well as positive sentiments on the back of better-than-expected quarterly results and the government's recent reform measures, have the potential to lift the key Indian equity indices higher during the upcoming…

IndiGo codeshare to be operationalised from Dec: Qatar Airways

New Delhi (IANS) Even as it waits to expand its partnership with IndiGo, Doha-based Qatar Airways will first operationalise its new codeshare agreement with Indias airline major by December.

According to Qatar Airways Group Chief Executive…

Cabinet may take up BPCL privatisation this month

New Delhi (IANS) Union Cabinet is likely to take up the strategic disinvestment of the entire stake of government of India along with transfer of management control in oil marketing PSU - BPCL this month to push ahead the exercise, sources said.
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