Jio offers Disney+ Hotstar to prepaid users
Karnataka Bank reported a 56 per cent decline in net profit for the March quarter at Rs
27.31 crore against Rs 61.73 crore posted a year ago due to higher provisions. Net profit in the previous quarter was Rs
123.14 crore. The bank's provisions and contingencies for the March quarter rose to Rs
356.50 crore against Rs 217.73 crore in the year-ago quarter. Income grew by 18 per cent to Rs 2,079.58 crore.
Opec, Russia and allies agreed on Saturday to extend record oil production cuts until the end of July, prolonging a deal that has helped crude prices double in the past two months by withdrawing almost 10 per cent of global supplies from the market.
The group, known as
Opec+, also asked Nigeria and Iraq, which exceeded production quotas in May and June, compensate with extra cuts in July to September.
Opec+ had initially agreed in April that it would cut supply by 9.7 million barrels per day (bpd) during May-June to prop up prices that collapsed due to the coronavirus crisis. Those cuts were due to taper to 7.7 million bpd from July to December. "Demand is returning as big oil-consuming econo-mies emerge from pandemic lockdown. But we are not out of the woods yet and challenges ahead remain," Saudi energy minister Prince Abdulaziz bin Salman told the video conference of
Opec+ ministers. Benchmark Brent crude climbed to a three-month high on Friday above $42 a barrel, after diving below
$20 in April. Prices still remain a third lower than at the end of 2019.
"Prices can be expected to be strong from Monday, keeping their $40 plus levels," said Bjornar Tonhaugen from Rystad Energy.
Saudi Arabia, Opec's de facto leader, and Russia have to perform a balancing act of pushing up oil prices to meet their budget needs while not driving them much above $50 a barrel to avoid a resurgence of US shale production.
New Delhi, June 7: Telecom operator Reliance Jio has partnered with streaming service Disney+ Hotstar to offer its prepaid users one year complimentary subscription to Disney+ Hotstar VIP.
Disney+ Hotstar VIP offers Hotstar specials, live sporting action, latest bollywood, superhero movies, among others.
As per the information on Jio.com, prepaid users opting for plans starting at Rs 401 will be able to avail the Disney+ Hotstar VIP subscription worth Rs 399 for one year, at no extra cost, over and above the other benefits they get in a plan.
The offer can be availed by Jio prepaid customers opting for specific monthly pack, annual pack, and add on data packs.
The Rs 401 monthly plan provides 90 GB data, unlimited voice calling and access to Jio apps valid for 28 days.