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Minus BP deal, RIL Q1 profit would shrink 41%Net profit excluding the exceptional item in the April-June quarter was Rs 8,282 crore, 18 per cent more than street expectations but down from Rs 10,141 crore a year ago as lockdowns ravaged various sectors of the economy.
… Read More- Stocks in the news: RIL, SBI, Tata Motors, HDFC, Sun Pharma, IOC and Lakshmi Vilas Bank JSW Energy, Ujjivan SFB and Godrej Agrovet are among companies which will declare June quarter results on Friday.
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- Apple announces 4-1 stock split after shares surge toward $400The move bucks a trend among big U.S. tech companies that have mostly refused to split their shares, resulting in sky-high prices. Alphabet Inc. stock costs more than $1,500, and Amazon.com Inc. trades above $3,000, effective… Read More
- RIL raises Rs 2,550 cr through commercial paper issueThe retail-to-oil conglomerate, for example, mopped up Rs 1,250 crore for three months at 3.4 per cent. The rate is 45 basis points lower than its previous CP sale in May last week. One basis point is 0.01 percentage point.
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- Recovery signs visible, improvement will happen if lockdowns end: Parekh"Signs of the wheels of the economy beginning to churn are evident from the following facts: unemployment rates have tapered down from their peaks in May, e-toll collections are higher, as are e-way bills, digital transaction… Read More
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