Bata will declare its results today. A CNBC-TV18 poll sees profits rising to Rs 40 crore from Rs 36 crore. Revenue growth is seen modest at 15%. Near-term slowdown and rising lease rental costs may however exert pressure on margins. The OPM is seen down 70 bps at 14.5%. Idea Cellular , JSPL & IDBI Bank will declare results today. Meanwhile, Axis Bank reported a stable set of numbers yesterday. Its profits came in above estimates at Rs 1,555 crore while net interest income came in at Rs 2,665 crore. Gross NPAs saw a sequential downtick 1.06% versus 1.10%....
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Reliance Jio 4G service Launch in India is in news across all geographies for all good news. They claim that they have the best network, best pricing, best content and now they claimed that they acquired 16 million user within first 30 days of service launch.