Lockdown, WFH Effect: Bharti Airtel Posts Highest-Ever Quarterly Revenue

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Telecom major Bharti Airtel on Tuesday reported a revenue of ₹ 25,785 crore in the July-September period, its highest ever in a quarter, boosted by higher tariffs and a rise in data usage from a coronavirus-fuelled shift to remote working. The jump in revenue for Bharti Airtel comes at a time when the country's telecom sector is grappling with...

‘India economy on verge of slow recovery as worst is over’

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Industry body PHDCCI expects India's GDP to contract by 7.9 per cent in the current financial year and grow by 7.7 per cent in 2021-22, assessing that the worst is over and the economy is on the verge of a slow recovery. The chamber, however, stated that unemployment remains a key challenge to be addressed by the government. The PHDCCI drew...

Flipkart To Buy 8% Stake In Aditya Birla’s Fashion Unit For ₹ 1,500 Crore

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Walmart Inc's Flipkart will buy a 7.8 per cent stake in Aditya Birla Fashion and Retail Ltd for ₹ 1,500 crore ($204 million), the fashion retail company said, sending its shares up 6 per cent on Friday. The investment comes at a time when Amazon.com Inc, billionaire Mukesh Ambani-led Reliance Industries and Flipkart are in a race to gain market...

RBI To Keep Policy Accommodative, But Wary Of Inflation

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A second wave of COVID-19 remains a threat to the country's economy and the central bank believes monetary policy needs to remain accommodative despite inflationary pressures, according to the minutes of the Monetary Policy Committee's latest meeting, released on Friday. The Reserve Bank of India left interest rates unchanged at that meeting two weeks ago, as expected. Almost all members of...

Top Types of Business Certificates

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A business certificate can open many opportunities and direct you to various exciting career paths and walks of life, maybe even some you thought (up until this point) wereclosed to you. But with so many types of certifications, how do you know which one to choose? Let’s outline the kinds of business certificates so that you can see how...

L&T Finance Holdings Ltd. announces financial results for Q2FY21

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Excellent revival seen in rural and renewable sector; gained market share to become No.1 Farm Equipment financier for Q2FY21 Significant business momentum in Farm Equipment, Two-Wheeler and Renewable Finance. Moderate pick-up of disbursements in Micro Loan and Home Loan PAT at Rs. 265 Cr. (after creating additional provision of Rs. 512 Cr in Q2FY21 for further strengthening of balance sheet), up...

Amazon To Let Employees Work From Home Till June 2021

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Amazon.com Inc on Tuesday told employees whose work can be done from home that they can do so until June, extending the timeline on a return to office due to the COVID-19 pandemic. "Employees who work in a role that can effectively be done from home are welcome to do so until June 30, 2021", an Amazon spokeswoman said in...

HCL Tech Profit Rises 7% To ₹ 3,143 Crore In September Quarter

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HCL Technologies on Friday reported a net profit of Rs 3,143 crore in the quarter ended September 30, marking an increase of 7.23 per cent compared to the April-June period. In a regulatory filing, HCL Tech - the country's third largest IT company by market capitalisation - said its revenue came in at ₹ 18,594 crore in the second quarter of current...

Cinema Halls To Open Today In Several States; 50% Occupancy, Seat Markers

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Cinema halls in several parts of the country will reopen today after seven months in the shadow of the pandemic. Theatres and multiplexes, closed since March because of the coronavirus crisis, recently allowed to resume operations as per guidelines issued under Unlock 5. Delhi, Haryana, Uttar Pradesh, West Bengal, Madhya Pradesh, Gujarat, Andhra Pradesh and Karnataka some of the states...

Portal of Oil PSUs to promote Aatmanirbhar Bharat

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Theme: Delivering excellence through people 14th October 2020, New Delhi: Inspired by the vision of the Prime Minister for an Aatmanirbhar Bharat, a reliable and scalable portal has been envisaged for all Oil Companies. Based on the theme "Delivering excellence through people", this initiative, taken under the guidance of Honorable Minister of Petroleum & Natural Gas and Steel Dharmendra Pradhan,...