MUMBAI Jan 24 Shares in India's Reliance Communications Ltd 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 ($20 million) for its fiscal third quarter ended December.
Reliance Communications shares were down 8.6 percent at 0933 GMT. They earlier touched a low of 79.1 rupees. (firstname.lastname@example.org)
Trending On Reuters
The U.S. Department of Justice (DoJ) has subpoenaed India's largest drugmaker Sun Pharmaceutical Industries Ltd seeking information about the pricing and marketing of the generic drugs it sells in the United States, the company said on Saturday. Full Article