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Reliance Comm shares sink as earnings disappoint
New Delhi: Shares in Reliance Communications, India's No. 2 mobile operator, fell as much as 18 per cent on Friday morning after its quarterly results disappointed and some brokerages downgraded the stock. Reliance Communications, whose tie-up talks with South Africa's MTN to create a global top-10 telecoms firm failed last month, reported a 23.8 per cent rise in June quarter net profit to Rs