Reliance Industries: The company’s Q1 consolidated profit was ₹17,448 crore, a decrease from ₹18,182 crore. Revenue grew by 11.5% to ₹2,57,823 crore from ₹2,31,132 crore. EBITDA rose by 2% to ₹42,748 crore from ₹41,906 crore. EBITDA margin was at 16.6%, down from 18.1%. Jio Platforms’ profit jumped by 11.7% to […]
RBL Bank
Q1 results today on July 20: At least nine companies are set to announce their FY25 first quarter (Q1) financial results today, on Saturday, July 20. The Q1FY25 earnings season started from July 8 and prominent companies are among those set to declare their Q1 results this week. A host […]
Although the banking sector has lagged behind the Indian benchmark Nifty index over the past 6 to 12 months, it is well-positioned for substantial long-term growth, driven by India’s largely underbanked population. In 2024, the Nifty Bank index has risen over 8 percent year-to-date, trailing the benchmark Nifty’s almost 13 […]
RBL Bank announced on Thursday, June 27, that it will raise up to ₹3,500 crore through a combination of qualified institutional placement (QIP) of shares and a debt issue. The private lender will raise ₹3,500 crore through a QIP and ₹3,000 crore through an issue of debt securities by way […]
RBL Bank said on Thursday it will raise up to 65 billion rupees ($779 million) through a combination of qualified institutional placement (QIP) of shares and debt sale. The bank will raise 35 billion rupees through QIP and 30 billion rupees through issue of debt securities via private placement, […]
Certainty in the election outcome and renewed foreign investor inflows into Indian equities have pushed benchmark indices to new peaks for two consecutive sessions. However, the banking index has not mirrored this trend. Does the election impact the banking sector? If yes, would a likely third term for Modi benefit […]