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Reliance Capital Q4 loss narrows to Rs 1,649 cr- Business News

Results: Reliance Capital Q4 loss narrows to Rs 1,649 crore

Results: Reliance Capital Q4 loss narrows to Rs 1,649 crore Pexels Reliance Capital, a part of debt-ridden Anil Ambani-promoted Reliance Group, on Saturday reported narrowing of its consolidated net loss to Rs 1,649 crore in the fourth quarter ended March 2021. The company had posted a net loss of Rs 2,179 crore in the January-March quarter of the last fiscal. Total consolidated income rose to Rs 5,163 crore in the quarter from Rs 3,780 crore in the year-ago quarter, Reliance Capital said in a regulatory filing. Total expenses also rose to Rs 6,564 crore as against Rs 5,846 crore in the corresponding quarter of last year. On a standalone basis, the company posted a loss of Rs 3,865 crore as against Rs 2,501 crore at the end of same quarter a year ago.

SEBI orders special audit of 4 ICEX broking firms for alleged irregularities

SEBI orders special audit of 4 ICEX broking firms for alleged irregularities Gogia Capital Services Ltd, MSB e-trade Securities Ltd, Mauzampuria Securities Broking and Findoc Commodities are the four brokers whose special audit will be conducted. BusinessToday.In | February 22, 2021 | Updated 19:28 IST The market regulator wants to do a special audit for investigating the money paid by ICEX management to the four brokers under the Liquidity Enhancement Scheme. Markets regulator Securities and Exchange Board of India (SEBI) has ordered a special audit of four broking firms of Indian Commodity Exchange (ICEX) for alleged irregularities in commodity derivative contracts. The market regulator wants to do a special audit for investigating the money paid by ICEX management to the four brokers under the Liquidity Enhancement Scheme (LES) for steel, isabgol, diamond, PB 1121 rice, pepper and rubber, MoneyControl reported.

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