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INDIAN (B)

INDIAN (B)

Reliance Jio, India's most profitable telecom company, may be losing money: Analysts

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That would be a bigger deficit than those of its larger rivals Bharti Airtel Ltd and Vodafone Idea Ltd, even though the company known as Jio will probably overcome them over the next 12 months in terms of service revenue and subscribers, the analysts wrote in a note to clients dated February 26. The fiscal year of Jio’s parent, Reliance Industries Ltd ends March 31.



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INDIAN (B)

Regulatory steps unduly favoured Jio: Voda chief

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“I think we only ask for a level-playing field in terms of regulation. I think it’s fair to say that for the last two years, we have had many regulatory outcomes that have worked against everyone in the market except (Reliance) Jio. We have made these points clear even earlier,” Vodafone global CEO Nick Read said when asked by TOI on whether there has been a ‘regulatory arbitrage’ in favour of the new entrant.



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INDIAN (B)

RBI proposes clawback of errant CEO bonuses

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“Employees were too often rewarded for increasing the short-term profit without adequate recognition of the risks and long-term consequences that their activities posed to the organizations. These perverse incentives amplified the excessive risk-taking that severely threatened the global financial system (contributing to 2008 financial crisis),” the RBI circular said.



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INDIAN (B)

Flipkart FY18 revenue up 50%, but losses grow 5x

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Without taking into account finance costs, which was a derivative expense on account of the down-round fund-raise by the company in mid-2017, losses increased by 75% to Rs 5,964 crore. Finance costs — mostly under “fair value loss on derivative financial instruments” — increased nearly tenfold to Rs 40,937 crore in FY18 from Rs 4,309 crore in FY17.



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