Business

Among stocks, Reliance Industries lost by 1.84 per cent to Rs 2,070 per share on profit-booking, a day after it reported over 30 per cent jump in Q1 net profit at Rs 13,248 crore.

US GDP collapsed at a 32.9 per cent annualised rate in the second quarter, the deepest decline on record, while jobless claims rose last week.

The consolidated RIL revenue for the quarter was Rs 100,929 crore. Jio reported a 183 per cent rise in year-on-year net profit to Rs 2,520 crore for the quarter ending June.

"This notification shall come into force from the date of its publication in the Official Gazette," stated Niraj Kumar, Deputy Secretary (Tax Policy and Legislation Division), in the notification. 

However, Adani Ports, Nestle India, HCL Technologies, Infosys and Maruti Suzuki traded with a negative bias. Index heavyweight Reliance Industries was down by 1 per cent to Rs 2,155.80 per share.

New Delhi: Prime Minister Narendra Modi is set to chair a high-level meeting of heads of various banks and non-banking...

However, Bharti Infratel declined by 2.2 per cent after reporting a 21 per cent drop in its consolidated net profit to Rs 704 crore for Q1 FY21.

However, Bharat Petroleum Corporation gained by 1.9 per cent while Tata Consultancy Services, Infosys and HCL Technologies were up by less than 1 per cent each.

The growth was aided by one-off stake sales in ICICI Lombard and ICICI Prudential Life. Net interest income increased by 20 per cent to Rs 9,280 crore in Q1 FY21 as against Rs 7,737 crore in Q1 FY20.