Reliance Profit Misses as Tax, Input Costs Offset War Windfall

Reliance Profit Misses as Tax, Input Costs Offset War Windfall

Revenue surged 37% to 2.12 trillion rupees compared to the same period last year, narrowly missing the analyst estimates. Total costs jumped 34% to 1.92 trillion rupees, lifted by a 69% rise in raw material prices. The company announced a dividend of 8 rupees per share, the filing said. .

With WarnerMedia Merger at Hand, Discovery CEO Plots Changes

Reliance Profit Misses as Tax, Input Costs Offset War Windfall

Bloomberg Bloomberg | Quint is a multiplatform, Indian business and financial news company. We combine Bloomberg’s global leadership in business and financial news and data, with Quintillion Media’s deep expertise in the Indian market and digital news delivery, to provide high quality business news, insights and trends for India’s sophisticated audiences. Customer Support Americas+1 212 … Read more

Google Found to Unfairly Block Rival Payments on India Store

Google Found to Unfairly Block Rival Payments on India Store

Alphabet Inc., Google’s parent, and Apple Inc. have come under pressure from regulators around the world who accuse the twin mobile giants of forcing developers to use their payment systems, then taking an outsized cut of revenue. In South Korea, Google was forced to provide an alternative billing system after regulatory action. In that market, … Read more

Hackers Steal $ 590 Million in Latest Blockchain Bridge Attack

Reliance Profit Misses as Tax, Input Costs Offset War Windfall

“If a bridge has the ability to mint tokens, it’s like taking control of the minting machines,” Yat Siu, co-founder of Animoca Brands, an investor into gaming studio Sky Mavis, said in an interview before the hack. “Bridges are authorities at this point, and if they are designed badly or have vulnerabilities, they become a … Read more

Charting the Global Economy: Commodities Fuel Yet More Inflation

Charting the Global Economy: Commodities Fuel Yet More Inflation

Global food prices hit a record last month and consumer price indices across major economies are on the rise. .

Verizon Lands BlackRock as Its First US Private 5G Client

Reliance Profit Misses as Tax, Input Costs Offset War Windfall

The agreement marks the first US commercial 5G office contract for the carrier, which has been in a race with AT&T Inc. and T-Mobile US Inc. to get business customers to adopt the new technology. AT&T, for example, is working on a 5G testbed surrounding Amazon.com Inc.’s planned Crystal City campus in Virginia, outside Washington, … Read more