Reliance Comm shares fall on December-quarter results
MUMBAI (Reuters) - Shares in Reliance Communications Ltd (RLCM.NS) fell as much as 10.2 percent on Thursday, after India's No.3 mobile phone carrier by customers posted its second consecutive quarterly decline in profit on Wednesday.
Consolidated net profit at the carrier, controlled by billionaire Anil Ambani, fell a sharper-than-expected 44 percent to 1.05 billion rupees for its fiscal third quarter ended December.
Reliance Communications shares ended down 9.14 percent at 80 rupees. They earlier touched a low of 79.10 rupees.
(Reporting by Abhishek Vishnoi)
- Tweet this
- Share this
- Digg this
- Three major nations absent as China launches World Bank rival in Asia
- Microsoft sales beat Street hopes, cloud profits up
- China's Xiaomi shifts some smartphone user data out of Beijing on privacy concerns
- Google launches new email service dubbed "Inbox"
- Gold edges higher but set for weekly loss on dollar and U.S. data
The latest Reuters poll of 20 economists taken over the past week shows Asia's third-largest economy will likely grow 5.5 percent this fiscal year and 6.4 percent the next, slightly better than 5.3 percent and 6.3 percent expected in the July poll. Full Article
Kalki Koechlin on her role as a disabled girl in “Margarita, With a Straw” Full Article