Shares in Reliance Communications Ltd are down 3.6 percent in trade on Thursday, after India's No.3 mobile phone carrier by customers reported a second consecutive quarter of profit declines on Wednesday.
Reliance Comm Q3 profit rises marginally to Rs 105 crConsolidated net profit at the carrier, controlled by billionaire Anil Ambani, fell a sharper-than-expected 44 percent to Rs 105 crore for its fiscal third quarter ended December. Reliance Comm deal with RIL 'inevitable': CLSA
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