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PFC raises $750 million through dollar-denominated bonds
Business

PFC raises $750 million through dollar-denominated bonds

Power Finance Corporation Ltd (PFC), a leading non-banking finance company (NBFC) in power sector, has said that it has raised $750 million through dollar-denominated bonds.

Reliance Jio Q3 net profit at Rs 1,350 cr up 62.5%
Business

Reliance Jio Q3 net profit at Rs 1,350 cr up 62.5%

Reliance Jio has posted a 62.5 per cent growth in its net profit for the third quarter (Q3) ending December at Rs 1,350 crore backed by strong voice and data traffic.

TCS Q3 net profit flat at Rs 8,118 crore
Business

TCS Q3 net profit flat at Rs 8,118 crore

Global software major Tata Consultancy Services (TCS) on Friday reported a consolidated net profit of Rs 8,118 crore for the third quarter (October-December) of fiscal 2019-20, registering a mere 0.16 per cent annual growth from Rs 8,105 crore net profit clocked in the year ago quarter.

RIL's Q3 net profit rises to Rs 11,640 crore
Business

RIL's Q3 net profit rises to Rs 11,640 crore

Reliance Industries Ltd on Friday reported its highest-ever quarterly consolidated net profit of Rs 11,640 crore or $1.6 billion for the quarter ended December 31, 2019, rising by 13.5 per cent on a year-on-year basis.

Bharti, Ericsson partner to set up Robotic Lab in Punjab
Business

Bharti, Ericsson partner to set up Robotic Lab in Punjab

Bharti Foundation, the philanthropic arm of Bharti Enterprises, in partnership with Ericsson India on Friday launched "The Robotic Lab" at the Satya Bharti Senior Secondary School, Jhaneri, Punjab.

Revenue Dept resets GST collection aim to Rs 1.15 lakh cr for next 2 months
Business

Revenue Dept resets GST collection aim to Rs 1.15 lakh cr for next 2 months

The Department of Revenue (DoR) has revised its revenue collection aim for GST to Rs 1.15 lakh crore for each of next two months and Rs 1.25 lakh crore for the last month of the financial year 2019-20 with specific focus on fraudulent input tax credit (ITC) claims as found in data analytics review.

Moody's places Yes Bank's ratings under review
Business

Moody's places Yes Bank's ratings under review

Citing continued uncertainty with regards to Yes Bank's capital raising plan, Moody's Investors Service placed the bank's long-term foreign currency issuer rating of B2 under review.

SC rarely accepts curative petitions: Motilal Oswal
Business

SC rarely accepts curative petitions: Motilal Oswal

Curative petitions like that being contemplated by the telecom companies have rarely been accepted by the Supreme Court, brokerage firm Motilal Oswal said on Friday.

Franklin Templeton marks down Vodafone Idea debt papers to zero
Business

Franklin Templeton marks down Vodafone Idea debt papers to zero

The Franklin Templeton Mutual Fund on Friday marked down its debt exposure to Vodafone Idea papers to zero over the huge statutory dues that the telecom major has to pay by January 23.

AAI writes to SG again, now on validity of GIC's GMR stake
Business

AAI writes to SG again, now on validity of GIC's GMR stake

State-owned Airports Authority of India (AAI) has once again written to Solicitor General of India (SG) seeking his opinion on the proposed investment by Tata Group consortium partner GIC, the Singapore government's sovereign wealth fund, in home-grown airport major GMR group's airport business.

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