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Airtel reported a massive loss of Rs 2,866 crore, as pressure from competition increases

The telecom company Bharti Airtel has posted a loss of ₹2,866 crores for the 1st quarter of the current financial year. Although, the company has also reported the total revenue of Rs 20,738 crore, which has gone up by 4.7% since last year. While declaring the statistics, the company has also informed Indian revenues grew by 2.8%, while its African revenues went up by 10.2%. Src: https://bit.ly/2Zsv6DZ #Airtel #India

Do you stand with @Airtel

I stand with @Airtel

21 votes

I don’t

27 votes

Amazon may acquire up to 26% stake in Mukesh Ambani's Reliance Retail

Amazon India is reportedly in exploratory talks with Mukesh Ambani's Reliance industries to buy up to 26% stake in India's biggest retailer Reliance Retail. The parent firm Reliance Industries (RIL) has a debt of Rs 2.88 lakh crore. If Amazon makes an investment the funds can be used to bring down this level of debt and Reliance Retail could become a seller on Amazon’s Indian ecommerce platform. Reliance Retail's first-quarter revenue stood at ₹38,196 crore. Src: https://bit.ly/2Yk7jtm

Do you stand with @Amazon

I stand with @Amazon

20 votes

I don’t

30 votes

Case against OYO over market dominance abuse dismissed by CCI

Competition Commission of India(CCI) has dismissed a case against OYO parent firm Oravel Stays Pvt Ltd over accusations that it abused its market dominance. The complaint was filed by New Delhi-based RKG Hospitalities, which alleged that the clauses in the agreement were one-sided, unfair and discriminatory because of OYO’s dominant position. CCI while dismissing the complaint against Oravel Stays said that the terms and conditions of the agreement cannot be concluded as unfair and agreed with OYO's argument that it's not a dominant player in any relevant market. Src: https://bit.ly/2LXZ6V2

Do you stand with @OYOHotel

I stand with @OYOHotel

17 votes

I don’t

36 votes

Chennai: Youth created an entire rainwater harvesting system in Rs. 7000

In the last week of June, Chennai was officially declared a parched city. Thus, a few youngsters plotted to restore the groundwater levels in the Muthulakshmi Nagar area. On July 7, the Youth Wing of Chitlapakkam Muthulakshmi Nagar Welfare Association (CMNWA) proposed to construct a rainwater harvesting structure. The objective of the structure is to recharge the groundwater tables so there is no undue water shortage. Around 200 people pitched money, and the entire project, including the labor cost, was completed in Rs 7,000. These youth have succeeded in restoring groundwater in their area, without any expertise. Src:https://bit.ly/2OBJXet

Do you stand with @PledgeToSaveWater

I stand with @PledgeToSaveWater

34 votes

I don’t

24 votes