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CWA Delivers Petition To FCC Opposing Potential T-Mobile-Sprint Deal

Thursday, 18 Apr 2019 06:31pm EDT

April 18 (Reuters) - Communications Workers Of America::DELIVERED PETITION TO FCC OPPOSING POTENTIAL MERGER OF T-MOBILE AND SPRINT.

CWA Delivers Petition To FCC Opposing Potential T-Mobile-Sprint Deal

Thursday, 18 Apr 2019 06:31pm EDT

April 18 (Reuters) - Communications Workers Of America::DELIVERED PETITION TO FCC OPPOSING POTENTIAL MERGER OF T-MOBILE AND SPRINT.

Reliance Industries Exec Sees Upside On GRMs Because Of IMO 2020 Rules

Thursday, 18 Apr 2019 10:32am EDT

April 18 (Reuters) - Reliance Industries Ltd Joint CFO V Srikanth and head of strategy of Jio, Anshuman Thakur::RELIANCE INDUSTRIES EXEC SAYS CONSUMER BUSINESS ACCOUNTS FOR 25 PERCENT OF EBITDA.EXEC SAYS WE WILL SEE BENEFIT TO MARGINS AS NETWORK EXPANDS, MORE CUSTOMERS COME IN JIO.EXEC SAYS EXPECT A STABLE TREND IN ARPUS TO CONTINUE.EXEC SAYS JIO DEBT IS AT 670 BILLION RUPEES AFTER HIVING OF TOWER, FIBRE ASSETS AS SEPARATE COMPANIES.EXEC SAYS SEE UPSIDE ON GRMS BECAUSE OF IMO 2020 RULES.EXEC SAYS BUYING VENEZUELA OIL FROM RUSSIA, CHINA.

Reliance Industries March-Qtr Consol Profit Rises

Thursday, 18 Apr 2019 09:37am EDT

April 18 (Reuters) - Reliance Industries Ltd ::MARCH QUARTER PROFIT 103.60 BILLION RUPEES - TV.CONSENSUS FORECAST FOR MARCH QUARTER CONSOL PROFIT WAS 99.20 BILLION RUPEES.MARCH QUARTER CONSOL NET PROFIT 103.62 BILLION RUPEES VERSUS PROFIT OF 94.38 BILLION RUPEES LAST YEAR.MARCH QUARTER CONSOL REVENUE 1.54 TRLN RUPEES VERSUS 1.29 TRLN RUPEES LAST YEAR.MARCH QUARTER AVERAGE GROSS REFINING MARGIN $8.2 PER BARREL.MARCH QUARTER PROFIT 85.56 BILLION RUPEES VERSUS PROFIT OF 86.97 BILLION RUPEES LAST YEAR.MARCH QUARTER REVENUE FROM OPERATIONS 865.72 BILLION RUPEES VERSUS 872.27 BILLION RUPEES LAST YEAR.OUTSTANDING DEBT AS ON MARCH 31, 2019 WAS 2.88 TRLN RUPEES VERSUS 2.19 TRLN RUPEES ON MARCH 31, 2018.CASH AND CASH EQUIVALENTS AS ON MARCH 31, 2019 WERE AT 1.33 TRLN RUPEES.THE PROFIT AFTER TAX ALERT WAS FIRST SOURCED FROM TV AND WAS LATER CONFIRMED FROM A PRESS RELEASE AT THE NATIONAL STOCK EXCHANGE.

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