₹293.82 crore for the December quarter, against ₹668.2 crore in the previous quarter. Revenue from operations came in at ₹413.6 crore against ₹608 crore during the previous one as the company had no dividend income in the quarter, against ₹216.85 crore in the previous one.“The Indian rupee is showing continuous strength and remains below 83 amid an increase in the foreign exchange reserves and upbeat growth prospects for the year 2024-25.
However, steady dollar index and rebound in crude oil prices limiting gains of the rupee. We expect a rupee to remain volatile in today’s session amid volatility in the dollar index and a pair could trade in the range of 82.65- 83.40."The GIFT Nifty was trading a discount of 45 points from Nifty Futures' Monday close, indicating a gap-down start for the Indian market.Oil edged higher as traders tracked geopolitical tensions in the Middle East, with the US telling commercial ships to avoid the Red Sea following missile strikes by Houthi militants.West Texas Intermediate traded just below $73 a barrel, 0.2% higher than last week’s close, with futures not settling on Monday due to a US holiday.
Brent crude was above $78. Houthi militants hit a US-owned commercial vessel with an anti-ship ballistic missile on Monday, underscoring warnings from militaries and trade groups that the vital route remains too risky for navigation.
Read more on livemint.com