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Tata Sons wrote off Rs 28,651 crore on telecom business in FY18; took 76% dent on net profit

Tata Sons, the investment holding company of the $103-billion conglomerate, reportedly saw its net profit dive down 76% in the last fiscal, as per filings with the Registrar of Companies.

 
 
Former SBI chairperson Arundhati Bhattacharya has joined the board of Reliance Industries (RIL) as independent additional director.
Reliance Industries on Wednesday posted its highest ever net profit at Rs 9,516 crore in Q2 FY 19, up 17.35 per cent year-on-year (YoY).
Big names like Kotak Bank, ICICI Bank and others extended a credit line to IL&FS through non convertible debentures at attractive interest rates.
 
 
SkyTran is a US-based technology company which aims to solve traffic congestion by introducing personal rapid transit systems.
The second quarter results for Infosys were expected to be good and the company doesn't seem to have disappointed the analysts.
Infosys, country's second-largest IT firm, reported a 10.3 per cent growth in its consolidated net profit at Rs 4,110 crore for the quarter ended September 2018.
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