Breaking News LIVE: RIL net profit falls 11% YoY to Rs 16,011 crore


Latest news today (July 20): Presenting FE’s Breaking News today. We will keep you updated on al major news, views and much more through the day.

IMD issues ‘red’ alert in parts of Maharashtra

Amid the heavy rains in Maharashtra, the India Meteorological Department (IMD) has issued ‘red’ alert in Palghar and ‘orange’ alert in Mumbai, Thane, Raigad and Ratnagiri districts for Saturday.

Jharkhand tribal group march against Manipur violence

Almost 10 tribal groups have come up on road to protest against the government of Manipur for handling the situation poorly in Manipur that has claimed around 160 lives. The viral video of 2 women from Manipur has ignited the protest rally at Jaipal Singh Stadium and walked to Albert Ekka Chowk.

Mukesh Ambani-led company declares a final dividend of Rs 9 per share for FY2023.

Reliance Industries Ltd , India’s most valuable company, reported a wider-than-expected drop in first-quarter profit on Friday as its dominant oil-to-chemicals business was hurt by weak refining margins. The Mukesh Ambani-led conglomerate said consolidated profit fell to 160.11 billion rupees ($1.95 billion) in the quarter ended June 30 from 179.55 billion rupees a year earlier. Meanwhile, Reliance Retail posts 19% increase in profit. Reliance Retail has registered highest-ever footfall across formats with 555 new stores. Reliance Retail saw footfall of 249 million. (Reuters)

RIL Q1 results announced

Reliance Industries on Friday announced the Q1 numbers. According to company, the net profit fell 11% YoY to Rs 16,011 crore. For Q1, the EBITDA margin stood at 18.3%

Yamuna water level crosses danger mark again

The water level of Yamuna river crossed the danger mark again today in Delhi, rising as high as 205.33 metres, causing more harm to the city and delaying rehabilitation efforts in the flood-affected low-lying areas. As per the Central Water Commission’s (CWC) report, the water level might rise to 205.45 metres by 11 pm.

Go First resumes its flight, approval by DGCA

The Directorate General of Civil Aviation who directs aviation in India has allowed Go First airline to regulate and resume its flight operations. (READ MORE)

Reliance Jio posts net profit of Rs 4,860 crore

Ahead of RIL’s Q1 numbers, Reliance Jio declared the results. Jio posted a 12% YoY increase in standalone net profit for the June quarter to Rs 4,863 crore.

Karnataka priest arrested under sexual abuse of a minor

A church priest was arrested in Karnataka’s Shivamogga district for allegedly abusing a minor at a college in which he was teaching, police said on Friday. According to the Shivamogga police, the accused church priest was caught on the basis of a complaint lodged against him in an alleged case of sexual harassment of a minor in the church-affiliated college where he taught. (ANI)

Rajya Sabha adjourns for the second time in row over Manipur violence

The proceedings of Rajya Sabha adjourned on Friday after the opposition party started revolting against the violence in Manipur. It is the second time in a row when the meeting has been adjourned for the same reason as the ruling party fails to answer the opposition. (READ MORE)

Gyanvapi Case: Varanasi Court allows ASI survey

The Varanasi Court on Friday allowed ASI to conduct the survey of the Gyanvapi Mosque complex. The Hindu side had sought the scientific survey. The only exception is ‘Wazukhana’. August 4 is the deadline for ASI to submit the findings of its survey. (READ MORE)

Go First gets DGCA nod

Go First may resume scheduled flight operations on the availability of interim funding

House of Manipur video accused set ablaze

Women in Manipur attacked the house of the main suspect in a sexual assault case that has enraged the nation, police said on Friday. The person allegedly dragged two tribal women onto the streets in May and later incited a mob to rape and parade them naked, police said on Friday, as ethnic clashes engulfed the state. The sexual assault took place over two months ago but it captured national attention after a short video went viral on social media earlier this week. At least 125 people have been killed and more than 40,000 have fled their homes since the violence erupted. (Reuters)

Italian authorities seize record 5.3 tonne cocaine

The consignment had an estimated value of 850 million euros ($946 million) and five people have been arrested, the Guardia di Finanza said in a statement. Police had been tracking a ship that sailed from South America and swooped in the early hours of Wednesday, when a surveillance aircraft spotted packages being thrown from its deck into the water. (Reuters)

Online gaming GST

Top e-gaming investors such as Tiger Global Management, Peak XV Partners, ChrysCapital, DST Global, Kalaari Capital and Alpha Wave Global have written to Prime Minister Narendra Modi over 28 per cent GST. “We submit most humbly, that this deleterious impact on the industry is expected to result in loss of over 50,000 high skilled jobs and a further loss of livelihood opportunity for over one million Indian citizens who are indirectly associated with this industry,” the letter added. (Read More)

Chinese hackers breach US ambassador’s emails -WSJ

Beijing-linked hackers accessed the email account of the U.S. ambassador to China in an espionage operation thought to have compromised at least hundreds of thousands of U.S. government emails, the Wall Street Journal (WSJ) reported on Thursday. Daniel Kritenbrink, the assistant secretary of state for East Asia, was also hacked in the wider spying operation disclosed this month by Microsoft, the newspaper said, citing people familiar with the matter. (Reuters)

Rahul Gandhi defamation case

The Supreme Court issued notice to Gujarat government and Purnesh Modi on the plea filed by ex-MP Rahul Gandhi in defamation case on Friday. The Congress leader had filed the plea that sought suspension of his conviction in the criminal defamation case. It was the verdict in this case that led to disqualification of Gandhi as MP. (Read More)

RIL results today

A day after demerger of financial services arm, RIL will be declaring its April-June quarter results for the present fiscal today.

Gyanvapi mosque verdict today

A Varanasi court is likely to pronounce on Friday its verdict in the plea filed by four Hindu women worshippers seeking a survey of the Gyanvapi mosque premises by the Archaeological Survey of India to ascertain whether the premises was built on a pre-existing structure of the Hindu temple. (Read More)

PM Modi addresses G20 meet

At the G20 Labour and Employment Ministers’ Meeting, PM Narendra Modi says, “It is fortunate that this meeting is happening in a country that has had the experience of creating a large number of technology jobs during the last such technology-led transformation.” PM Modi further added that “…The amazing work done by frontline health & other workers in India during COVID showed their skills and dedication. It also reflected our culture of service & compassion. Indeed, India has the potential to become one of the largest providers of skilled workforce for the world.”

Heavy rainfall in Chamoli

Due to heavy rains in Chamoli district since last night, a part of Gairsain-Karnprayag NH 109 washed away near Kalimati. People going from Gairsain to Karnprayag and Nainital are stranded on both sides of the road. (ANI)

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