-
Sunil Mittal-led Bharti Airtel, India's largest telecom operator, on Wednesday reported a Profit After Tax (PAT) of Rs 1,290 crore for the fourth quarter of FY16, up 2.8%. The net profit for the entire fiscal year stands at Rs 5,484 crore. The telecom beat market expectations on the back of higher data revenue. (PTI Graphics)
-
Domestic equity indices BSE Sensex and NSE Nifty swung between gains and losses on Wednesday as investors stayed cautious ahead of US FOMC meet outcome due today and F&O expiry on Thursday. Later, Sensex closed 56.82 points up at 26,064.12, while Nifty settled 17.25 points up at 7,979.90. (PTI Graphics)
-
Extending its gain against the American currency, the Indian rupee firmed up further by 8 paise to close at 66.44 on persistent selling of dollars by banks and exporters in view of persistent foreign capital inflows amidst weakness in greenback overseas. (PTI Graphics)
-
Gold regained its sheen to trade higher by Rs 215 to Rs 29,790 per ten grams as the bullion market in the national capital reopened after two days of strike, while silver rallied by Rs 775 to Rs 40,975 per kg largely in tune with a firming global trend. Moreover, ongoing wedding season demand supported the uptrend in the precious metal prices. (PTI Graphics)
-
Private lender Yes Bank Wednesday reported a 27.4 per cent rise in its standalone net profit at Rs 702.1 crore for the fourth quarter ended March. Net profit stood at Rs 551 crore in the corresponding quarter of 2014-15. (PTI Graphics)
-
In the 50-share index, Adani Ports, Bharti Airtel, ONGC, Bharti Infratel and GAIL gained between 2.65 per cent and 5.38 per cent. On the other hand, ICICI Bank, Axis Bank, State Bank of India (SBI), UltraTech Cement and Tata Power slid between 1.80 per cent and 3.45 per cent. Sectorwise, the BSE Telecom index, BSE Oil & Gas index and BSE FMCG index gained 2.93 per cent, 1.23 per cent and 1.02 per cent, respectively. The BSE Bankex, BSE Power index and BSE Realty index slid 0.87 per cent, 0.50 per cent and 0.48 per cent, respectively. (PTI Graphics)
-
Telecom Tale (PTI Graphics)
-
Biotechnology firm Biocon on Wednesday reported a 79.1 per cent increase in its net profit at Rs 360.9 crore for the fourth quarter ended March on top of higher sales and exceptional income. The company had posted a net profit of Rs 201.5 crore in the same period of the previous fiscal. (PTI Graphics)
