Don’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp. click here!
Reliance Industries Ltd (RIL), India’s biggest company by market capitalisation, reported a 13% drop in consolidated profit for the third quarter on the back of weak oil-to-chemicals performance, which was partly offset by growth in the consumer businesses.
The government hopes to address the imbalance in content creation by news media companies and its monetisation by advertising technology companies in the upcoming Digital India Act, said Rajeev Chandrasekhar, minister of state for electronics and information technology.
Prem Watsa’s Fairfax Financial had sought a security-clearance waiver a fortnight before the expression of interest (EoI) deadline for IDBI Bank expired, multiple sources told ET, but the Centre did not accede to the request. The deadline for the EoI, or initial bids, was January 7.
Download The Economic Times News App to get Daily Market Updates & Live Business News.
ETPrime stories of the day
The unbecoming story of Mamaearth’s IPO: how social media giveth, and taketh away
Can Bajaj Finance still be a multibagger stock for new investors? Only if it ‘reinvents’.
Fall from grace: What the Chanda Kochhar saga means for India’s ‘all-powerful’ bank CEOs.
Hot on Web
In Case you missed it
Top Searched Companies
Top Prime Articles
Top Story Listing
Top Trending Topics
Most Searched Articles
Follow us on:
Find this comment offensive?
Choose your reason below and click on the Report button. This will alert our moderators to take action
Reason for reporting:
Your Reason has been Reported to the admin.
Log In/Connect with:
Will be displayed
Will not be displayed
Will be displayed
Stories you might be interested in