Top news this week: Pakistan-Iran row, Davos 2024, Reliance Q3 results, Sony-Zee merger, and more
Read more here Reliance Industries Limited reported a 10.9% increase in its net profit to ₹19,641 crore in the third quarter of FY 23-24. The company's total revenue from operations stood at ₹2,27,970 crore during the quarter under review. The robust performance of the oil and gas segments was one of the major highlights of the quarterly results of Mukesh Ambani's firm.
The oil and gas segment reported the highest-ever revenue growth in Q3 FY24. Read more here Chinese stocks just capped another dismal week, with a gauge of mainland firms listed in Hong Kong languishing at the bottom of global equity index rankings for the year so far. Grim milestones have kept piling up in recent days: Tokyo has overtaken Shanghai as Asia’s biggest equity market, while India’s valuation premium over China has hit a record.
Locally, a meltdown in Chinese shares is wreaking havoc on the nation’s asset management industry. Read more here The Andhra Pradesh government has started a 10-day-long of “caste survey", aimed at creating a comprehensive caste-based database of people. The comprehensive caste census will be extended if needed, Information and Public Relations (I & PR) Minister C Srinivasa Venugopala Krishna said.
"The comprehensive caste census is scheduled for 10 days in one phase and if needed, it will be extended by four or five days," Krishna said. Read more here Sony Group Corp. is set to pull the plug on the proposed $10-billion merger of its India unit with Zee Entertainment Enterprises after more than two years of negotiations.
Read more on livemint.com
