7/30/2019 current affairs- news analysis

1/6

7/30/2019 current affairs- news analysis

2/6

Airtel Q2 net profit falls The net profit of Airtel fell 30% to Rs. 721 crore

This is the 11th consecutive quarter loss shown by Airtel

The company is battling rising costs & slowing growthin its primary market

The company has blamed higher tax outgo,depreciation costs & intense competition (from

Vodafone & Idea) for the decline in profit

The Govt is planning to charge a 1 time spectrum feeon all mobile cos, which could lead to Airtel facingpayouts to the tune of thousands of crores

Airtels African operation, Zain, has also performedpoorly over the years

7/30/2019 current affairs- news analysis

3/6

Samsung Galaxy S3 tops

smartphone mkt Samsung Galaxy S3 became the worlds best selling smartphone,

overtaking the Apple i-phone 4S

It has been reported that 18 mn units of S3 were sold in Q3,

compared to 16.2 mn of iPhone 4S

7/30/2019 current affairs- news analysis

4/6

ONGC Profit slips by 32% Indias largest profit making listed company,

ONGC, showed a 32% dip in profits

Mainly due to a spurt in subsidy burden, marginsand revenues decreased and costs rose

Under the government directive ONGC had toextend Rs 12,330 crore of discounts to the three oilmarketing companies (IOC, HPCL & BPCL) which

was more than twice their burden

This led to a 12.4% drop in the company's net

revenues at Rs 19885.1 crore

7/30/2019 current affairs- news analysis

5/6

Obama 2.0 and its effect on India An Obama victory makes it less possible that USA will

fall off the so-called fiscal cliff

Obamas re-election can give a boost to generichealthcare companies in Mumbai, which can broadenthe market for drugs

There is now an aggressive push to the use of generics inthe healthcare systems around the world, with around90% of all diseases being managed through them

The re-election of Obama, however, is not considered

as the best news for IT outsourcing industry

Obama in his presidential elections campaign hadcriticised outsourcing of jobs to countries like Indiasaying that US needs to create jobs locally

7/30/2019 current affairs- news analysis

6/6

TCS becomes most valued

firm in India TCS emerged number 1 on Business Todays BT

top 500 Indian companies, overtaking RIL,lead by Mukesh Ambani

TCS had an avg mkt cap of Rs.244121 crore,while RIL had Rs.242496 crore as the mkt cap

TCS , lead by N Chandrasekaran, expects thecoming 12 months to be better for thetechnology industry.

A fall in gross refining margins in its refiningbusiness, lower profitability in itspetrochemicals division, and other businesseslike retail, finance, and telecom, which are yet

to scale up, left RIL reeling at no.2