Market Today
Reliance Industries said the Mubadala investment is another strong endorsement of Jio's technological capabilities, disruptive business model and long-term growth potential.
2. SBI Q4 preview: SBI Cards stake sale to aid profitability; NPA levels eyed
India’s largest public sector bank, State Bank of India (SBI), is scheduled to report its March 2020 quarter result (Q4FY20) on Friday, June 5. SBI has underperformed the benchmark Nifty50 during the current financial year. However, a more optimistic estimate given by analysts.
3. Rupee jumps sharply against US dollar, may move into 74s per USD
Indian rupee jumped sharply against the US dollar today amid an improvement in global risk sentiment which has driven equities to three-month highs.
4. DLF Q4 results: Posts Rs 1,860 crore net loss
DLF Ltd reported a net loss of Rs 1860 crore during fourth quarter ended March, due to reversal of deferred tax assets (DTA) as it adopted a lower tax rate. The company has sufficient liquidity to sail through these uncertain times
5. With Amazon Deal, Airtel Poses Rising Challenge To Mukesh Ambani's Jio
The comeback is a sharp turnaround for billionaire Sunil Mittal after grueling competition with Ambani's Reliance Jio Infocomm Ltd. knocked Airtel off its perch in the world's second-biggest wireless market by users.
With an emerging duopoly, there is more at stake than just gathering hundreds of millions of subscribers and collecting monthly tariffs.
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