BUSINESS
RIL's O2C business logs 75% rise in Q1 revenues on high crude prices
"Segment Revenues for 1Q FY22 increased by 75.2 per cent Y-o-Y to Rs 103,212 crore ($ 13.9 billion) primarily on account of sharp increase in product prices on the back of higher Crude prices," said a company statement. Operational flexibility and responsiveness to market dynamics continue to play a significant role in Reliance's O2C performance, it said,
Must not be afraid: Karnataka HC junks Amazon, Flipkart plea against CCI probe
The high court bench noted that by no stretch of imagination the inquiry can be quashed at this stage and the appellants shouldn't be afraid of investigation by CCI. The bench said: "In the considered opinion of the court, appeals filed by appellants are devoid of merit and deserved to be dismissed..."
Jio Platforms logs 45% rise in Q1 net profit at Rs 3,651 cr
Jio's average revenue per user (ARPU) for 1Q FY22 was Rs 138.4, with improved subscriber mix and better seasonality being offset by Covid impact. Its customer base as on June 30, 2021, was 440.6 million, with a net addition of 42.3 million customers YoY. The total data traffic was 20.3 billion GB during the quarter, reporting a growth of 38.5 per cent on a YoY basis and the total voice traffic was 1.06 trillion minutes during the quarter, or 19.5 per cent growth YoY.
SEBI extends timeline for top 100 companies to hold AGM
The SEBI said that it is in receipt of representations from listed entities and the Institute of Company Secretaries of India (ICSI), requesting extension of time to the top 100 listed entities for holding their AGM inter-alia due to the Covid-19 pandemic.
Dream Debut: Zomato's market cap near Rs 1 lk cr at the end of day's trade
At the end of the day's trade, the market capitalisation of Zomato was at Rs 98,731.59 crore. On Friday, its shares on the BSE closed at Rs 125.85, higher by Rs 10.85 or 9.43 per cent from the issue price of Rs 76 per share.At the BSE, it got listed at Rs 115 a share. Further, on the National Stock Exchange, its shares ended the day's trade at Rs 125.30, against the issue price of Rs 76.
Markets in green, Zomato makes dream debut
"Indian equities indexes were trading moderately in the green in late morning transactions, alternating between positive and negative terrains. The Ministry of External Affairs stated that India has been in contact with other nations about the potential of importing vaccines to boost domestic manufacturing, which traders found encouraging," said Likhita Chepa of CapitalVia Global Research.
China's subdued demand, new Covid strain potential threats to global trade: EEPC India
"Exports to China, world's largest buyer of raw material, in value terms declined 33% to $501.9 million in June, 2021 from $747.1 million in the same month last year. On a cumulative basis also, exports to China fell 15.4 per cent in April-June period of FY22 to $1357.9 million from $1604.9 million in the corresponding period last financial year."
NCLAT says any further action on Piramal's DHFL Resolution Plan subject to 63 moons plea
Refusing to stay implementation on Piramal's Resolution Plan after 63 Moons opposed it, the NCLAT did not pass an interim order on the approved resolution plan. In a statement today, 63 moons technologies said it will decide its future course of action after receiving a copy of the order passed by the NCLAT.
Tata, Boeing Hyd plant delivers 100th Apache chopper fuselage
"The achievement of 100th fuselage delivery for AH-64 within three years of the facility being operational reflects our strong ability to industrialize and ramp up complex aerospace programs and deliver with highest levels of quality," said Sukaran Singh, managing director and chief executive, Tata Advanced Systems Limited (TASL).
Zomato delivers stellar debut; Mcap reaches Rs 1L crore
Around 1 p.m., its shares on the BSE were trading at Rs 125.90, higher by Rs 10.90 or 9.48 per cent from the issue price of Rs 76 per share. On the BSE, it got listed at Rs 115 a share. Further, on the National Stock Exchange, its shares were trading at Rs 125.85, against the issue price of Rs 76. It got listed on the NSE at Rs 116 per share. Post the stellar debut, the market capitalisation of Zomato is around Rs 1 lakh crore.
Don't Miss
Advertisement