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%.
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 paym
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
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.
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.
Apart from the tax cut, the Modi government has undertaken structural reforms like the goods and services tax (GST) and the Insolvency and Bankruptcy Code (IBC), which it wants to tweak further for meaningful impact.
Crop yield is influenced by the genetic traits of seeds, as also by factors like composition of the soil, organic matter, presence of beneficial microbes, moisture, temperature, nutrients, and crop protection measures.
EBITDA margin improved 20bp YoY (+80bp Q-o-Q) to 8.8% (our estimate: 7.8%). Low tax boosted adj. PAT to ~ Rs 1.8 billion (our estimate: ~ Rs 1.5 billion), a decline of ~15% Y-o-Y. For 1HFY20, revenue/EBITDA/PAT were down ~4%/2%/6% YoY.
Movement in the FCA occurs mainly on account of purchase or sale of foreign exchange by the RBI, income arising out of the deployment of foreign exchange reserves, external aid receipts of the government and revaluation of assets.
Calibrating 9mCY19 performance and the estimated recovery, we see limited risk to our CY19e and CY20e earnings. We also introduce CY21e earnings with modest 4% y-o-y Ebitda growth, implying flat Ebitda/t.
DMART continues to execute strongly in discount grocery retailing with cost leadership helped by strong efficiencies. We continue to expect a higher new store opening trajectory ahead and margins to remain range-bound with upward bias at 8.5-9% levels aft
The CBI chargesheet filed before Special Judge Lal Singh names Peter Mukherjea, chartered accountant S Bhaskaraman, ex-NITI Ayog CEO Sindhushree Khullar and former secretary in the MSME Ministry Anup K Pujari. Accused-turned approver Indrani Mukerjea’s
The compliance requirement is quite strict — it asks for “significant and sustainable progress”, “across the range”. “It is clear that the FATF will take action if progress cannot be established,” the source said. Sources also said that ther