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Reliance Industries Q1 results: Consolidated net revenue grew by 22.1 per cent to Rs 172,956 crore in April-June quarter of FY20, compared to Rs 141,699 crore in the corresponding quarter

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Reliance Industries Q1 results:Profit up 6.8% at Rs 10,104 crore, revenue jumps 22%  Reliance Industries Q1 results: Profit rises 6.8% YoY to Rs 10,104 crore The Mumbai-headquartered company had posted consolidated net profit of Rs 9,459 crore in the same quarter last year," RIL said in a filing to the Bombay Stock Exchange. Mukesh Ambani-led Reliance Industries on Friday reported 6.8 per cent year-on-year  growth in consolidated net profit at Rs 10,104 crore for the first quarter ended June 30, 2019. RIL's consolidated net revenue grew by 22.1 per cent to Rs 172,956 crore in April-June quarter of FY20, compared to Rs 141,699 crore in the corresponding quarter. "Growth in revenue was led by sharp increase in revenue from digital services and retail business,which recorded an increase of 55 per cent YY and 48 per cent YoY, respectively. Higher refinery throughput on YoY basis, contributed to the increase in revenue for the Refining business," RI

Red signal: These 10 companies may report loss in June quarter earnings

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Red signal: These 10 companies may report loss in June quarter earnings Sectors like auto and auto ancillaries, consumer discretionary and FMCG will get affected by demand slowdown The june quarter earning is likely to mimic the March quarter's with financials leading the growth while consumer discretionary, consumer staples, industrials, material and real estate could post declining trend sequentially in the top-line growth. FMCG SECTOR Given all the growth concerns, expectations have already been beaten down and we expect companies to largely deliver in line with consensus Vipin Khare Director of Research, William O'Neil India told Moneycontrol. However, experts say that there is a possibility double-digit earnings growth could be seen after the September quarter. While earnings may be subdued in Q1FY2019-20,we believe that earnings cycle should bottom by Q2FY2019-20 and improve from thereon. For the quarter, consensus expects Nifty index con

Yes Bank Q1 net profit tanks 91% YoY to Rs 113.8 crore, misses estimates

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 Private lender Yes Bank on Wednesda reported 91 percent year on-year (YoY) drop in net profit at Rs 113.8 crore for the first quarter ended June 2019. In the corresponding quarter last year, the company posted a net profit of Rs 1,260 crore. This is the second consecutive quarter the bank has shown a massive hit on the bottom line since the new management under Ravneet Gill took over in March after the forced exit of promoter-chief executive Rana Kapoor over governance concerns by the RBI. The bank fresh slippages at Rs 6232 crore nearly doubled if compared to the Rs 3,408 crore in the previous quarter, leading the gross non-performing assets ratio to rise to 5.01 percent against 1.31 percent in the year-ago period and 2.91 percent three months ago.

20 million children worldwide missed out on life-saving vaccines in 2018: WHO

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20 million children worldwide missed out on life-saving vaccines in 2018: WHO In 2018, immunization services such as DTP3 did not reach an estimated 19.4 million infants worldwide. Around 60 percent of these children live in 10 countries, including India and Pakistan Recent data revealed by the World Health Organisation WHO and UNICEF have shown that the lives of 1.5 million children across the world could have been saved if more attention was paid to global immunization Globally, the vaccination coverage with three doses of diphtheria, tetanus and pertussis (DTP3) and one dose of measles had stalled at 86 percent since 2010, the data suggested. The  data  also points out that 20 million children worldwide missed out on life-saving vaccines against diseases such as diphtheria, tetanus and measles in 2018. WHO Director-General Dr Tedros Adhanom Ghebreyesus said even though vaccination is one of the most important tools for preventing outbreaks and keeping the worl

ICC Responds To World Cup Final Overthrow Controversy

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ICC Responds Worl Cup Final Overthrow Controvercy     The ball had deflected off diving Ben Stokes' bat and England were awarded one extra run. HIGHLIGHT  The on-field umpires awarded England six Run instead of five.   Ever since England won their maiden World Cup on Sunday, many people have questioned the rules set by International Cricket Council (ICC) and its interpretation by the on-field umpires. A major controversy emerged due to perceived misinterpretation of rules by the on-field umpires, which resulted in them awarding England one extra run. ICC for the first time has reacted on the overthrow controversy. Responding to the issue, an ICC spokesperson said it was against the policy to "comment on any decisions (made by the umpires The umpires take decisions on the field with their interpretation of the rules and we don't comment on any decisions as a matter of policy," an ICC spokesperso was quoted as saying by Fox The biggest controversy