Reliance Communications sees decline in net profit
The net profit of India's fourth-biggest mobile service provider, Reliance Communications (RCom) has fallen by 77%, to Rs 153 crore for the quarter ending September. The company’s revenue fell 7.4% from last year to Rs 5,403 crore. The company has added fewer new customers. RCom, controlled by Anil Ambani, said consolidated net profit for the quarter ended Sept. 30 was Rs 153 crore compared to Rs 675 crore a year... Read More