In Brief

Tata Steel Q1 profit doubles to Rs 2,007 cr

New Delhi: Tata Steel’s net profit more than doubled to Rs 2,007.36 crore during the June quarter, on account of “increase in net steel realisations and the planned cost-takeouts”. The entity had posted a profit of Rs 918.57 crore in the year-ago period.

Jio Fin Services to get Rs 15K-cr fund infusion

New Delhi: Jio Financial Services’ board on Wednesday approved a fund infusion of

Rs 15,825 crore through preferential issue of convertible warrants to members of the promoter group. Promoter holding would go up to 54 per cent.

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