jio infocomm

Reliance Jio Infocomm reported its first quarter results of the fiscal year 2024. Mukesh Ambani-led has reported a 12.2% on-year rise in net profit in the first quarter of FY24. The telecom company's March quarter revenue from operations came in at Rs 24,042 crore in comparison to Rs 23,394 crore in the quarter ending March 31, 2023 and Rs 21, 873 crore in the year-ago period. Reliance Jio Infocomm is the telecom unit of Jio Platforms, which runs the digital services of Reliance Industries Limited.The company's net profit…

Bharti Airtel said it plans to raise up to Rs. 21,000 crores via a sale of shares to existing shareholders as it builds a war chest to prepare for the launch of 5G services..Bharti said the shares would be priced at Rs. 535 apiece, which is around a 10 percent discount to Friday's close of Rs. 595.15.Bharti founder-chairman Sunil Mittal and others in the founder group will also participate in the share purchase, the company said in a statement.The company said that shareholders would be eligible to buy one share for every…