Anshuman Thakur, strategy and planning head, Reliance Jio, said that the 6 paisa charge is purely to recover this regulatory cost and does not account for any changes in the tariff plans of the company.
The fall in petrochemicals segment EBIT was mainly due to weaker petrochemical product margins offset by record petrochemical production and cost-optimisation through light-feed cracking. Petrochemical segment recorded an EBIT margin of 19.7%.
In terms of broadband subscribers, Airtel maintained the monthly run rate of past few months while additions for Vodafone Idea continue to remain muted. Airtel added 2.8 million wireless broadband users to take its base to 124.30 million.
India's largest airline by domestic market share, IndiGo, which last winter had 9,030 weekly departures, will now have 10,310 weekly flights between October 27 and March 28. Meanwhile, there will be 2,254 weekly departures of Air India flights under the winter schedule for 2019, up 17.6% from the corresponding period a year ago.
Earlier, in a big jolt to the ongoing restructuring efforts for the Williamson Magor group, the tribunal on Wednesday had ordered commencement of the insolvency resolution process for MBE on a plea of the financial creditor Trinetra Electronics for a payment default.
In addition, the Delhi HC also found Sinopharm Weiqida of prima facie guilty of contempt of court for illegally importing amoxicillin active ingredients in contravention of the previously granted preliminary injunction in place in India since April 2017.
“Reliance will be setting up national distribution centres in MP, with over 10 million sq ft of space across 45 locations,” he said, adding that the company will also explore investment opportunities in renewable energy.
At the consolidated level, the tax outgo has come down to 21 per cent including the tax before net profit and the deferred tax for September from the 25 per cent in the preceding quarter, and this reflects the change only in the MAT, he said.
Dirk India is in the business of processing of Fly ash into "Pozzocrete" and is also engaged in a job work for Ambuja Cements by manufacturing cement at its Nasik facility. It had a revenue of Rs 23.63 crore in FY 2018-19.
The prolonged slowdown is also likely to impact sales from the plant this year as capacity utilization has come down to around 85 percent now, a senior company official has said, adding last fiscal, the plant had revenue of Rs 1,200 crore.