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Pointing out that the second wave has overwhelmed India and the world, the RBI said that real economic indicators have moderated in April-May 2021. “The biggest toll of the second wave is in terms of a demand shock — loss of mobility, discretionary spending and employment, besides inventory accumulation, while aggregate supply is less impacted.”
LTTS to acquire SWC business of parent firm for Rs 800 crSmart World & Communication (SWC) was founded in 2016 to cater to the demands in smart cities, address opportunities and provide smart solutions in the areas of end-to-end communications, city surveillance and intelligent… Read MoreECB shouldn’t slow hikes as wage pressures grow, says SimkusThere are no grounds to depart from the rate path laid out by the ECB in December — even as energy prices plunge and headline inflation comes off record highs, the Lithuanian central bank chief said in an interview in Vilnius… Read MoreHFCL Q3 Results: Net profit grows 25.3% on-year to Rs 102 croreThe company’s EBITDA grew 10.75% on-year and 10.73% sequentially to Rs 193 crore, while EBITDA margin climbed to 17.8%, from 14.88% in the previous quarter
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… Read MoreL&T Finance Q3 Results: PAT rises 39% to Rs 454 croreThe lender's interest income rose 15.6% year-on-year to Rs 3,322 crore against Rs 2,874 crore in the same quarter last fiscal
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… Read MoreEmbassy REIT Q3 Results: Operating income grows 13% YoY to Rs 704.9 crThe revenue for Q3 was reported at Rs 865 crore as against Rs 741 crore, up 17%.
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