BUSINESS

Hurt by higher expenses, Reliance net drops 7 pc in Q1

10:24 pm July 23, 2021

New Delhi: Billionaire Mukesh Ambani’s Reliance Industries Ltd on Friday reported a 7 per cent drop in its June quarter net profit as higher expenses negated smart gains across businesses from O2C to telecom and retail. Consolidated net profit of Rs 12,273 crore in April-June compared with Rs 13,233 crore a year ago, the company […]

IOA ropes in Adani Group as sponsor for Tokyo Olympics

10:22 pm July 23, 2021

Tokyo: The Indian Olympic Association on Friday roped in Adani Group as a sponsor for the Indian contingent at the ongoing Tokyo Games. IOA secretary general Rajiv Mehta, who is in Tokyo, announced the development. “We are Happy to inform you about one more sponsorship which is confirmed by Adani Group to IOA for the […]

Jio Q1 net profit rises 45 pc to Rs 3,651 crore

10:19 pm July 23, 2021

New Delhi: Digital company Jio on Friday reported a 44.9 per cent jump in its net profit to Rs 3,651 crore for the first quarter ended June 30, according to a company statement. The company had posted a net profit of Rs 2,519 crore in the year-ago period. Its revenue from operations increased 9.8 per […]

Forex reserves zoom to record high of USD 612.73 bn

9:46 pm July 23, 2021

Mumbai: The country’s foreign exchange reserves rose by USD 835 million to touch a record high of USD 612.73 billion in the week ended July 16, 2021, RBI data showed. In the previous week ended July 9, 2021, the reserves had surged by USD 1.883 billion to USD 611.895 billion. In the reporting week ended […]

Zomato, Paytm, others face temporary disruption after Akamai outage

12:07 am July 23, 2021

New Delhi: Various online platforms in the country, including Zomato and Paytm, faced temporary disruption in services late Thursday evening due to a global outage at internet infrastructure company Akamai Technologies. In a tweet around 10 PM IST, Akamai said it was experiencing a service disruption. It said it was actively investigating the issue, and clarified that this was not the result […]