For at least a fourth quarter in a row, Mittal’s Bharti Airtel Ltd. shored up its profits with one-time gains, masking headwinds posed by upstart Reliance Jio Infocomm Ltd. Jio’s roll-out, after its 2016 debut, has knocked Airtel from its perch in a consolidation that shrank the industry to three players from about a dozen four years ago.
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2JkI29K
Wednesday, May 8, 2019
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Mittal's Airtel falters in war with Mukesh's Jio
Mittal's Airtel falters in war with Mukesh's Jio
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