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The organised retail business of Reliance Industries (RIL) posted Rs 398-crore profit before depreciation, interest and taxes (PBDIT) at Rs 398 crore in the quarter ended June, a 66 per cent annual jump at the back of record sales growth of 73.6 per cent to Rs 11,571 crore in the period.

The company said the increase in revenue was led by growth across all consumption baskets. The company included its fuel retail outlet to retail operations in the June quarter last year and numbers are comparable year to year.


 
With companies in the information technology (IT) realigning and reskilling their workforce to address a changing requirement, Nasscom, the apex association of companies here, has said it would look at bringing norms related to human resource (HR) issues, if needed.

Speaking to reporters on the sidelines of an HR meet organised by Nasscom here, R Chandrashekhar, president, said: "We would not want that anyone should lose their job at all. But, given the circumstances, some of these cases will come up. We believe that companies have to handle this issue with sensitivity, transparency and with agility."


 
Largest private sector lender ICICI Bank will be selling personal loans of up to Rs 15 lakh through its ATMs that can be availed of by select salaried customers even if they haven't previously applied for one.

Using data from credit information companies, the lender will pre-qualify select customers for personal loans.


 
Mumbai: Kotak Mahindra Bank Ltd on Thursday said its net profit for the June quarter rose 23% from a year ago due to higher net interest and other income.

Net profit for the quarter was Rs912.73 crore, up from Rs741.97 crore a year ago. Six analysts polled by Bloomberg had forecast a net profit of Rs963.40 crore.


 
Telecom operators added 1.98 million subscribers in June, which is not only a decline for the third consecutive month, but also the lowest in the first half of the current calendar year. The additions fell by 13% compared to May 2017 during which the telecom operators collectively added 2.27 million subscribers, latest data by industry body COAI show.

An analysis of the data shows that additions during last month are the lowest so far in the 2017 calendar year. In January this year, telcos added 5.15 million subscribers, 2.27 million (February), 5.68 million (March), 2.8 million (April) and 2.27 during May.


 
The Haryana government has issued notices to 10 developers for advertising their projects without getting registered under the state’s Real Estate (Regulation and Development) Act. These developers are Chintel India, Pivotal infrastructure, Maxworth, DLF, Bestech, Tulip Infrastructure, Ambience Infrastructure, Mangalam Multiplex, Mansha Buildcon and Signature Global.

 
The government today informed Parliament that around 188 authorised private ticket reservation counters are functioning in the country, adding that it is looking to increase the number of such centres. In a written reply in the Lok Sabha, Minister of State for Railways Rajen Gohain said that the government is seeking more applications for running such centres (Yatri Ticket Suvidha Kendras) from authorised ticketing agents with five years of experience.

 
Bajaj Auto reported 19.51 percent decline in consolidated net profit to Rs 836.79 crore for the June quarter of current fiscal, on account of lower sales on Thursday.

It had posted net profit of Rs 1,039.70 crore in the April-June quarter of last fiscal. Bajaj Auto said in a BSE filing that its total income from operations during the quarter under review stood at Rs 6,177.66 crore as against Rs 6,355.84 crore in the April-June quarter of 2016-17.


 
The counting of votes for the presidential election held on Monday began at 11:00 am on Thursday and the name of the next occupant of the Rashtrapati Bhawan would be known by 5.00 PM.

First, the ballot box of Parliament House will be opened, and then, the ballot boxes received from states would be counted on alphabetical basis.


 
Wipro, country's third largest software services firm, is expected to report a marginal sequential drop in constant currency revenue for the June quarter later in the day, while the company will also consider a proposal for buyback of its equity shares.

Analysts believe revenue growth in CC terms would be well within its earlier guidance of negative 2% to nil growth for the quarter. In dollar terms, the revenue is seen declining by 0.1-0.5%.


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