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Reliance Retail Q2 operating profit up 67%, revenue 27%
New Delhi: Reliance Retail posted a 67% jump in operating profit to Rs 2,322 crore for the fiscal second quarter, when its revenue rose 27% to Rs 41,202 crore. The retail unit of Reliance Industries had reported earnings before interest, tax, depreciation and amortisation of Rs 1,392 crore on revenue of Rs 32,436 crore a year earlier.

“Continuing g

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L T Finance Q2 profit falls 69% to Rs 174 crore

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Investors chary of financials, Voda Idea bond yield jumps 43%
Mumbai: Vodafone Idea bond yields surged 42.91 per cent pulling prices down in a secondary market transaction on Wednesday as investors turned apprehensive over its financials.

Normally, those bonds are traded in the 10-20 per cent yield range with limited secondary market transactions taking place. Bond yields and prices move in the opposite

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MUMBAI: Reliance Jio Infocomm reported its eighth profitable quarter in a row on the back of strong subscriber additions and high data usage.

Profit rose more than 45% from the year earlier but average revenue per user (ARPU), a key performance parameter, fell for the seventh successive quarter to Rs120 from Rs122 as the Mukesh Ambani-owned telco

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Oil-to-telecom behemoth Reliance Industries (RIL) on Friday reported its highest-ever quarterly profit at Rs 11,262 crore for the quarter ended September 2019, beating analysts estimate of Rs 11,000 crore.

Consolidated bottomline of the company grew 18.30 per cent YoY on a 4.80 per cent YoY increase in top line. Consumer business formed one-third

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Asian stocks track Brexit deal cheer but China caution prevails
SHANGHAI: Asian stocks edged higher on Friday, tracking the global lift in sentiment after the UK and the European Union struck a long-awaited Brexit deal, but concern about the Chinese economy is likely to cap gains with data expected to show weaker growth.

Sterling, which had enjoyed its biggest rising streak since October 1985 and hit a

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Mumbai: Reliance Industries Ltd reported an 18.3% rise in quarterly net profit as robust growth in its retail and telecom ventures more than made up for higher finance costs and relatively modest performance of its core refining and petrochemicals businesses.

Consolidated net profit for the September quarter rose to a record Rs 11,262 crore — in l

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Reliance Jio Q2 net profit up 45% YoY; ARPU drops for 7th straight quarter
Mumbai: Reliance Jio Infocomm reported its eighth profitable quarter in a row on the back of strong subscriber additions and high data usage.

The profit rose more than 45 per cent from the year earlier but average revenue per user (ARPU), a key performance parameter, fell for the seventh successive quarter to Rs 120 from Rs 122 as the Mukesh

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'BUY' or 'SELL' ideas from experts for Friday, 18 October, 2019

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The Reserve Bank of India (RBI) rejected a proposal by banks that would have allowed them provisioning relief to the tune of Rs 6,000 crore on borrowings by troubled mortgage lender Dewan Housing Finance Corp. Ltd (DHFL), said two people aware of the development. This could dent the December quarter earnings of Indian banks.

Banks have a total

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Mukesh Ambani-led Reliance Industries on Friday beat Street estimates to report an 18.32 per cent year-on-year (YoY) rise in September quarter profit at Rs 11,262 crore on robust growth in telecom and retail verticals.

"The company has reported record net profit for the quarter," said Mukesh Ambani, Chairman and Managing Director.

Analysts in an ET

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China Q3 GDP grows 6.0%, slowest pace in almost three decades
BEIJING: China's economic growth slowed more than expected to 6.0 per cent year-on-year in the third quarter, the weakest pace in almost three decades, hit by soft factory production amid a bruising Sino-US trade war and lacklustre demand at home.

Friday's data marked a further loss of momentum for the economy from the second quarter's 6.2 per

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Forex kitty nears USD 440 bn; touches fresh-life high
The forex kitty continued to climb north, swelling by USD 1.879 billion to a new life-time high of USD 439.712 billion, in the week to October 11, the Reserve Bank said on Friday.

The forex reserves had increased by a higher USD 4.24 billion to a new high of USD 437.83 billion in the previous reporting week.

For the week under review, the foreign

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Govt measures, monetary easing to boost economy: RBI minutes
RBI Governor Shaktikanta Das is of the view that continuing economic slowdown requires an all-out effort to strengthen private consumption and investment. The central banker feels the recent measures announced by the government should help create demand in the economy, and drive investment.

According to the minutes of the Monetary Policy Committee’

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Mumbai: Shares of Bajaj Consumer Care have rallied 34 per cent in two days after its promoters on Tuesday offloaded around 22 per cent stake in the company for Rs 628 crore through open market transactions. Mutual funds lapped up shares sold by the the debt-ridden promoters. This has eased concerns over high promoter level debt and analysts expect
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RBI hints more rate cuts likely to get economy on track
Kolkata: Sluggish economic activity and slowdown in consumption may create space for more repo rate cuts by Reserve Bank of India (BI) going forward, while specter of more pains before economy revives to path of higher growth remained key concern for monetary policy makers, according to minutes of the Monetary Policy Committee (MPC) meeting held
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Sebi proposes stricter norms for statutory auditors
The Securities and Exchange Board of India (Sebi) on Friday proposed to tighten disclosure norms with respect to resignations of statutory auditors in listed companies.

Sebi said if the auditor resigns within 45 days from the end of a quarter in a financial year, the auditor should issue the limited review or audit report for such a quarter before

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Stocks in the news: RIL, DHFL, Cipla, Bajaj Consumer, ZEEL and Indiabulls Housing
NEW DELHI: Nifty futures on the Singapore Exchange were trading 34.50 points, or 0.30 per cent, lower at 11,570.50, indicating a negative start for Dalal Street. Here are a few stocks which may buzz the most in today’s trade:

Indiabulls Housing Finance: The HFC offered pre-mature redemption of all non-convertible debentures (NCDs) maturing in

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Jio sees Ebitda margin uptick in Q3 from IUC charge on user
NEW DELHI: Reliance Jio estimates an uptick in its EBIDTA margin for the October-December quarter, on the back of charging customers 6 paise per minute to recover interconnect user charges (IUC).

“In October-December quarter, you will see a benefit on margins,” said Anshuman Thakur, strategy head at Jio.

Jio transferred the IUC costs to its

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Tech View: Nifty needs to take out September high to extend its 6-day rally
NEW DELHI: Nifty50 gained on Friday to enter the key resistance zone between 11,630 and 11,690 levels. Analysts said the upper limit of this range may prove a hurdle, as was the case in Friday’s trade, for extension of the six-day rally.

The NSE barometer closed at 11,661, up 75.50 points or 0.65 per cent. The weekly momentum indicator has entered

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Mumbai: Strong operating performance and likely divestments of an education business and a part of the promoters’ stake in Zee Entertainment Enterprises (ZEE) should help the cashstrapped owners of India’s biggest listed media company repay Rs 7,000 crore of outstanding debt, which is due in six months.

In the quarter ended September 30, the

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LTTS Q2 net profit up 7.8% at Rs 205.8 crore
Larsen - Toubro Technology Services (LTTS) on Friday posted a 7.8 per cent rise in consolidated net profit to Rs 205.8 crore for the second quarter ended September 30. The company had registered a net profit of Rs 191 crore in the corresponding quarter of the previous fiscal, it said in a regulatory filing.

Its revenue grew 10.7 per cent to

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After Market: BHEL, Yes Bank have best show, TVS gains too; ZEE takes a knock
NEW DELHI: BHEL registered the biggest weekly gains in last 23 years, thanks to a 22 per cent gain on Friday after reports that the government was planning to trim its holding in the PSU.

TVS Motors ended with healthy gains after posting a strong Q2 show. RIL inched higher ahead of its September quarter results due later on Friday.

Zee

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Kotak Institutional Equities maintains buy on Federal Bank, revises fair value to Rs 120

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ICICI Lombard General Q2 net grows 5% to Rs 308 crore

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F O: Bulls holding a tight grip; Nifty forms higher highs lows
By Chandan TapariaNifty50 index continued its positive momentum for the fifth consecutive session and extended the gains towards 11,680 level on Friday. It formed a bullish candle on the daily and weekly charts as the bulls held a tight grip on the market. It has been forming higher highs and lows from past five sessions and supports are shifting
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CLSA maintains buy on DB Corp, lowers target to Rs 185

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Ambuja Cements Q3 net profit up 34% at Rs 533 crore
Ambuja Cements on Friday reported 34.80 per cent rise in consolidated net profit to Rs 533.85 crore for the third quarter ended September 30, mainly driven by reduction in logistic costs and growth in premium products. The company, which follows January to December financial year, had clocked a net profit of Rs 396.01 crore in the same period a
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Board Meetings Today: RIL, ICICI Lombard, Ambuja Cements and L T Finance Holdings

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ET Intelligence Group: The consolidated net profit of Reliance Industries (RIL) is expected to grow by 17 per cent to Rs 11,158 crore in the September quarter, helped by higher growth in the consumer-focused segments and a recovery in the refinery business, according to Bloomberg consensus estimates.

The country’s largest company by net profit has

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