India's most valuable company Reliance Industries Ltd (RIL) reported a 13.5 per cent rise in its net profit for the quarter ended December 31. Sensex hit a fresh all-time high of 42,063 in early trade on Friday amid higher Asian markets after China reported 6.1% economic growth in 2019. Breaking the six-month spell, electricity generation from conventional power plants grew 5.4 per cent on a month-on-month basis in December 2019. Read for more top stories from the world of business and economy:
TCS' Q3 revenue grows 6.7% to Rs 39,854 crore as compared to Rs 37,338 crore in the December 2018 quarter; TCS also declares its third interim dividend of Rs 5 per equity share of Re 1 each.
Sensex hits all-time high: Bharti Airtel (6%), Reliance Industries (2.20%) and Hero MotoCorp (1.29%) were the top Sensex gainers.
Electricity generation from conventional power plants, which include thermal, hydel and nuclear, grew 5.4% on a month-on-month (m-o-m) basis in December 2019.
The deal will give a jumpstart to Great Wall's plans to build and sell cars in India and is likely to pave the way for GM's exit from manufacturing cars in the country.