Airtel's profit plunges 72% due to Reliance Jio competition
Bharti Airtel on Tuesday posted a 72% decline in net profit for the March quarter as free services offered by new entrant Reliance Jio damaged its business. Net profit fell to â¹373.4 crore, as against â¹1,319.2 crore in the year-ago period. Notably, this is the second consecutive decline in profit at the country's largest telecom operator. 