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Read more about Top headlines: DLF posts Rs 481 cr profit in Q4; ED sends notice to WazirX on Business Standard. Business Standard brings you the top news of the evening
GAIL net profit jumps 28% in Q4 State-owned gas utility GAIL (India) on Wednesday reported 28 per cent jump in March quarter net profit as petrochemical margins soared and gas marketing business turned around on rise in international prices. Net profit in January-March at Rs 1,907.67 crore is compared with Rs 1,487.33 crore net profit in the same period a year ago, GAIL Chairman and Managing Director Manoj Jain said on a call with reporters. Inflows in equity MFs at 14-month high in May Equity mutual funds witnessed a net inflow of over Rs 10,000 crore in May, making it the highest infusion in 14 months, due to rally in stock markets on the back of declining COVID-19 cases and robust quarterly earnings. This is also marks the third consecutive monthly inflow after Rs 3,437 crore net inflow seen in April and Rs 9,115 crore in March, data from the Association of Mutual Funds in India (Amfi) showed on Wednesday.
Grasim Industries fourth quarter net profit rises 13.3% to Rs 2,616 crore Aditya Birla Group firm Grasim Industries Ltd on Monday reported a 13.3 per cent rise in its consolidated net profit to Rs 2,616.64 crore for the fourth quarter ended March 31. The company had posted a net profit of Rs 2,309.41 crore during the January-March quarter of the previous financial year, Grasim Industries said in a regulatory filing. Market-cap of BSE-listed companies at record $3 trillion BSE on Monday added another feather to its cap with the market capitalisation of all listed companies on the exchange reaching USD 3 trillion for the first time ever. At close of trade, the market capitalisation of BSE-listed companies stood at Rs 2,18,94,202.30 crore (USD 3 trillion). During the day, the market capitalisation of BSE-listed companies went past the Rs 219 lakh crore level.
Read more about Top headlines: Delhi's positivity rate at 1-month low; Bitcoin below $50k on Business Standard. Business Standard brings you stories that made the headlines on Thursday
Read more about Top headlines: Wipro Q4 net jumps 28%: US imposes sanctions on Russia on Business Standard. Business Standard brings you the top news of the evening
Bharti Airtel on Wednesday announced a new corporate structure to sharpen the company's focus on driving the rapidly-unfolding digital opportunities while enabling it to unlock value. The new structure involves Airtel Digital Limited folding into the listed entity Bharti Airtel. Govt cancels CBSE class 10 board exams, defers class 12 exams The government on Wednesday cancelled the CBSE's class 10 board exams and postponed its class 12 exams following an exponential surge in COVID-19 cases, a decision that will affect over 21 lakh students across the country. This is the first time that the Central Board of Secondary Education has completely cancelled the board exams conducted by it.