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techkenyot.com November 24, 2017


RCom's loss, payment woes trip shares to record low

14 November 2017, 08:57 | Edward Lowe

Reliance Communications reported a loss after tax of Rs2,709 crore in the September quarter

Reliance Communications reported a loss after tax of Rs2,709 crore in the September quarter

Reliance Capital on Tuesday said it closed the second quarter of the current financial year with 39 per cent growth in its consolidated net profit. The company's sales rose 19% to Rs 372 crore in the quarter ended September 2017 as against Rs 313 crore during the previous quarter ended September 2016.

The billionaire Anil Ambani-controlled telecom operator on Saturday said its net loss widened to 27.09 billion rupees ($414.95 million), compared with a profit of 620 million rupees a year ago.

Decline in ITV ad revenue slows in third quarter
ITV itself bought Italian producer Cattleya last month in a bid to create more high-quality European dramas. Online, Pay & Interactive revenues were up 8 percent with continued double-digit growth in Online & Pay.

The company said it received a tremendous response from investors in listing of Reliance Nippon Life Asset Management and Reliance General Insurance is on track to be listed by March 2018. Its consolidated revenue for the quarter came in at Rs 2,615 crore, registering 53.3% decline as compared to corresponding quarter in previous year.

The profit before tax of the mutual fund business grew 20% to Rs 177 crore for the quarter. The gross written premium was Rs. 1,688 crore an increase of 16% over the same period past year.

Consensus score reveals Buy position in Healthcare Stock: MannKind Corporation (MNKD)
Harel Insurance Investments & Financial Services Ltd. downsized its ownership by shedding 2,460,000 shares a decrease of 83.4%. In terms of Buy, Sell or Hold recommendations, Mannkind Corporation (NASDAQ: MNKD ) has analysts' mean recommendation of 2.

Reliance Home Finance earned a total income of Rs 407 crore for the quarter ended September 30, 2017.

The commercial finance business reported an increase of 7% in the net profit to Rs 92 crore during the quarter.

Does The Data Supplment Callon Petroleum Company (NYSE:CPE) Movement?
Jeffrey Altman increased its stake in Cit Group Inc (CIT) by 22.23% based on its latest 2017Q2 regulatory filing with the SEC. The fund owned 1,052,573 shares of the oil and natural gas company's stock after selling 262,727 shares during the quarter.

Reliance Communications Ltd's (RLCM.NS) shares plummeted on Monday, after the company posted a fourth straight quarterly loss as it struggles with a heavy debt load and a price war started by an upstart rival that has eaten into margins.



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