[ad_1] Warren Buffett’s Berkshire Hathaway Inc posted a record net loss of nearly $ 50 billion on Saturday when the coronavirus pandemic hit its investments in common stock, but operating profit increased even when COVID-19 damaged its businesses. Berkshire’s first-quarter net loss totaled $ 49.75 billion, or $ 30,653 per …
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[ad_1] MUMBAI: Reliance Jio Infocomm’s net profit for the January-March quarter nearly tripled to Rs 2.331 crore, helped by rate increases that helped its average revenue per user (ARPU) for the second consecutive quarter after seven quarters of falls. The telecommunications company, led by Mukesh Ambani, said on Thursday that …
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[ad_1] NEW DELHI: Reliance Industries (RIL) on Thursday reported a 38.73 percent year-on-year (year-on-year) drop in consolidated net profit of Rs 6.348 billion for the quarter ended March 31. RIL’s bottom line took a hit due to an exceptional loss of Rs 4.267 crore during the quarter. Analysts in an …
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[ad_1] Mumbai Private sector lender IndusInd Bank on Monday reported a net profit of ₹Rs 301.84 million for the three months to March, a decrease of 16% year-on-year (year-on-year), due to higher provisions. The bank’s total provisions increased 56% year-on-year to ₹2,440 crore in the March quarter. His earnings were …
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[ad_1] New Delhi: Mindtree reported on Friday a 3.9% year-on-year (year-on-year) increase in net consolidated profit to Rs 206.2 million for the fourth quarter ending March 31. The company had reported a profit of Rs 198.4 million in the corresponding quarter last year. The company’s consolidated net income increased by …
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[ad_1] HDFC Bank’s net interest income increased 16.15% to Rs 15,204.1 crore HDFC Bank on Saturday reported a nearly 18 percent increase in net income for the March quarter, led by strong loan growth. In a regulatory filing, the country’s largest private sector lender said its net profit was Rs …
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