The following is the full speech of Reliance Industries Limited (RIL) chairman Mukesh Ambani at the company's 40th Annual General Meeting (AGM) here.
Five associates and the Bharatiya Mahila Bank became part of State Bank of India (SBI) beginning April 1, catapulting the country's largest lender to among the top 50 banks in the world.
The company registered a standalone net profit of Rs 7,548 crore during the April-June quarter a year ago. The figures reflect the performance of the company`s refining, petrochemicals and hydrocarbon exploration businesses.
Central Board of Excise and Customs (CBEC) Chairperson Vanaja Sarna also said the department is keeping track of revenue trends post the GST rollout from July 1, but actual positions will be known after returns are filed in September.
German luxury carmaker Mercedes- Benz on Friday launched AMG GLC 43 Coupe in India priced at Rs 74.8 lakh (ex-showroom Delhi).
Stocks of telecom operators Bharti Airtel and Idea Cellular tumbled after industrialist Mukesh Ambani-led Reliance Industries (RIL) on Friday announced the launch of the JioPhone `intelligent smartphone`.
Reliance Industries chairman Mukesh Ambani addressed the company's shareholders at its 40th AGM or annual general meeting on Friday, at Birla Matushri Sabhagar in Mumbai.
Gross non-performing assets (NPAs) of the bank rose to 7.21 percent, from 6.97 percent a year ago. Net NPAs however came down to 4.05 percent of net advances from, 4.48 percent.
The handset, named JioPhone, will "effectively cost zero" as buyers will be able to get the device for a one-time refundable security deposit of 1,500 rupees.
Adobe Systems Incorporated on Friday said it has appointed Shanmugh Natarajan as the Managing Director for Adobe Systems in India.
Under the dynamic pricing scheme, petrol and diesel prices are revised on a daily basis in sync with global crude oil prices.
It is also expected that the company may launch 4G feature that might come up with basic Qualcomm chipset.
A few sections of media had earlier reported that the bots took over jobs of 12,000 employees at Wipro last year.
Leading financial magazine, Institutional Investor has featured Mr. Punit Goenka, MD & CEO, ZEEL as one of the 'Top 3 CEOs in the Consumer / Discretionary space across Asia - Sell-Side research 2017'.
Reliance Industries Ltd on Thursday reported 28 per cent jump in the June quarter net profit to Rs 9,108 crore on back of higher refinery and petrochemical margins.
Consolidated profit rose to 20.83 billion rupees ($323.35 million) for the three months to June 30, Wipro said in a statement.
An aggressive newcomer, the Mukesh Ambani-led firm launched 4G services commercially on September 5, 2016 with free data and voice offerings, and signed up the first 50 million subscribers in just 83 days.
Jet Airways has proposed salary and stipend cuts in letters sent to pilots earlier this month, saying it was forced to take such steps as it was "intensely focused on fleet and network rationalisation".
Established operators such as Bharti Airtel and Vodafone on Thursday contended that telecom infrastructure in rural areas largely depends on revenue from incoming calls, and lowering or removal of such charges will hamper services.