Vodafone Idea on Wednesday reported a loss of Rs 5,004 crore for the quarter ended December 2018. The company had posted a loss of Rs 4,974 crore in its previous quarter ended September 30. Tax expenses of the merger entity shot up to Rs 1,999 crore during Q3 of fiscal 2018-19 over Rs 45.4 crore in the July-September period.
Investors will also be keeping an eye on the Reserve Bank of India's (RBI) bi-monthly monetary policy outcome scheduled on Thursday.
Bansal, who departed after Flipkart's new owner Walmart Inc. investigated alleged personal misconduct, is now focused on xto10x Technologies, a startup he co-founded with former colleague Saikiran Krishnamurthy.
The S&P BSE Sensex opened marginally lower at 36,456.22 from its previous close of 36,469.43.
The bank said it is doing everything possible to ensure that no such weaknesses remain in the process used by the service providers that SBI uses for its various services.
Finance Minister Piyush Goyal on Friday said that India attracted $ 239 billion in FDI (foreign direct investment) in the last five years.
Presenting the Interim Budget 2019-20, Goyal said the Rs 1 lakh crore barrier in average monthly collections seen over the past two years had finally been broken this January with the collection for last month expected to be at around Rs 103,000 crore.
Union Minister Piyush Goyal on Friday proposed to increase the gratuity limit to Rs. 30 lakh. The gratuity limit has been increased from Rs. 10 lakh to Rs. 30 lakh, Mr Goyal said while presenting the interim budget for 2019-20 in Parliament.
India’s financial markets were steady on Friday morning as traders remained on the sidelines, awaiting details on the extent to which the government will spend on populist measures in a pre-election budget due later in the day.