News Overview

The liabilities pertained to spectrum acquired by Reliance Jio Infocomm (RJIL) in 2014, 2015, 2016 auctions, and the spectrum acquired in 2021 through trading of right to use with Bharti Airtel.

PAT of Rs161cr with margins of 23.4% in Q3FY22.

Revenue from the sale of products/license was reported at Rs49.8cr, up 37% yoy.

Jubilant Foodworks on Wednesday announced the launch of iconic US Fried Chicken brand Popeyes in India.

Indian Energy Exchange (IEX) and Indian Oil Corporation (IndianOil) announced IndianOils strategic equity stake of 4.93% in Indian Gas Exchange (IGX). IEX has divested 4.93% equity stakes to IndianOil. IEX and NSE (National Stock Exchange) are promoters and other strategic investors in IGX include GAIL (India), ONGC, Torrent Gas and Adani Total Gas. Powered by Capital Market – Live News

Strength in the dollar overseas ahead of the Fed meeting next week is likely to continue to keep the Indian rupee under pressure in early trades on Wednesday, 19 January 2022. Besides, elevated crude oil prices and pessimistic global cues could further weigh on investor sentiments. On Tuesday, rupee extended decline for the third consecutive session by 33 paise to close at 74.58 against the […]

The December quarter of FY22 will also a play role in influencing markets sentiments.

OPEC noted in a monthly update that the global GDP growth forecasts for 2021 and 2022 remain unchanged at 5.5% and 4.2%, respectively. The US is estimated to grow by 5.5% in 2021, while growth for 2022 is slightly lowered to 4%. Euro-zone economic growth for 2021 is revised up to 5.2%, while growth for 2022 remains unchanged at 3.9%. Japans economic growth forecast for […]

The US builders in the single-family housing market are facing growing expenses, which is causing a turnaround in sentiment to start the year. Builder confidence fell one point to 83 in January, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). Anything above 50 is considered positive, but that is the first drop in four months. The index also stood […]

Towards prepayment of all deferred spectrum liabilities