Reliance Industries Q2 net profit jumps 43% to Rs 13,680 crore
Reliance Industries Limited (RIL) on Friday posted a 43 per cent jump in its consolidated net profit for the second quarter (Q2) ending September 30. The company posted a net profit of Rs 13,680 crore in Q2 as against a profit of Rs 9,567 crore in the same period last year.
RBI remains laser-focused to bring back inflation to 4%: Das
The Reserve Bank remains laser-focused to bring back retail inflation to 4 per cent over a period of time in a non-disruptive manner, governor Shaktikanta Das stressed while voting for status quo in interest rates, as per minutes of the October policy meeting released on Friday. The retail inflation, which was above 6 per cent during May and June, stood at 4.35 per cent in September.
Wherever India faces unfair treatment at trade front, we will reciprocate: Piyush Goyal
Commerce and industry minister Piyush Goyal on Friday said there are a lot of non-tariff barriers that need to be addressed and wherever India will face an unfair treatment at trade front, it will take reciprocal action.
Top gas importer sees LNG price surge spurring long-term contracts
Surging liquefied natural gas (LNG) prices are pushing buyers to look at securing long-term contracts possibly with an option for a floor and ceiling price to hedge against extreme volatility, the CEO of a top gas importer said on Friday.
Nykaa IPO to open on Oct 28; sets price band of Rs 1,085-1,125
FSN E-Commerce Ventures Ltd, which runs online marketplace for beauty and wellness products Nykaa, has fixed a price of Rs 1,085-1,125 a share for its Rs 5,352-crore initial public offering, which will open on October 28. The three-day initial public offering will conclude on November 1, according to the red herring prospectus (RHP).
'This story may not be over': Edward Rogers seeking to boot 5 members of Rogers board
News/Business: Despite being removed as chair of the company that bears his name, Edward Rogers is not giving up in his battle for control, and is looking to get rid of five members of the board.
'China Evergrande lines up funds to pay interest, avert default'
China Evergrande Group has supplied funds to pay interest on a US dollar bond, a person with direct knowledge of the matter told Reuters on Friday, days before a deadline that would have seen the developer plunge into formal default.
Teetering Chinese property giant Evergrande makes $83M payment to avoid default — for now
News/Business: China Evergrande Group appeared to have averted default with a last-minute bond coupon payment, a source said on Friday, buying it another week to deal with a debt crisis looming over the world's second-biggest economy.