Top Stories (06/09/2016)
Bulls on rampage: Sensex surges 446 pts, Nifty ends above 8900 Bulls retained its control over Dalal Street on first day of the week as equity benchmarks posted biggest one-day gains in last two months on hopes of more inflow of foreign money after weaker-than-expected US jobs data.
Mindtree tanks 8% on Q1 revenue warning; wary analysts downgrade Mindtree is also cautious that its Q2 margins are going to be lower than planned with a decline in EBITDA margins in Q2 FY17 compared to Q1 FY17. It added that business of Bluefin, which it had acquired in 2015, is expected to report an EBITDA loss for the quarter.
Reliance Jio launches 4G services, begins quest for 100 mn users Reliance is also offering a Jio apps bouquet worth Rs 15,000, complimentary to all active Jio customers up to December 31, 2017.
Mindtree tanks 8% on Q1 revenue warning; wary analysts downgrade Mindtree is also cautious that its Q2 margins are going to be lower than planned with a decline in EBITDA margins in Q2 FY17 compared to Q1 FY17. It added that business of Bluefin, which it had acquired in 2015, is expected to report an EBITDA loss for the quarter.
Reliance Jio launches 4G services, begins quest for 100 mn users Reliance is also offering a Jio apps bouquet worth Rs 15,000, complimentary to all active Jio customers up to December 31, 2017.
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