Reliance Industries Ltd (RIL), India’s biggest company by market value, Friday reported a 41% jump in consolidated profit in the June quarter as cheaper Russian crude and robust fuel demand boosted refining margins, while consumer-facing retail and telecom segments also clocked higher revenues.
Reserve Bank of India (RBI) governor Shaktikanta Das said the central bank has zero tolerance for “volatile and bumpy” swings in the currency market and will intervene to ensure that the rupee finds a level commensurate with its fundamentals.
States will have to meet a quarter of their power demand through renewable energy sources in the current year, scalable to 47% in the next eight years as per a new trajectory issued by the central government.
Download The Economic Times News App to get Daily Market Updates & Live Business News.
ETPrime stories of the day
Why do trucking marketplace startups fail to scale? The transporter in them can answer this.
Four flats, penthouse on loan on an INR1.5 lakh salary! The profile-funding bubble could burst soon.
Sebi’s Stallion Asset order rattles firms like Smallcase that offer model portfolios. What next?
Hot on Web
In Case you missed it
Top Searched Companies
Top Prime Articles
Top Story Listing
Top Trending Topics
Most Searched Articles
Find this comment offensive?
Choose your reason below and click on the Report button. This will alert our moderators to take action
Reason for reporting:
Your Reason has been Reported to the admin.
Log In/Connect with:
Will be displayed
Will not be displayed
Will be displayed
Stories you might be interested in
Surviving The 2nd Wave of Corona
‘This too shall pass away’ this famous Persian adage seems to be defeating us again and again in the case of COVID-19. Despite every effort