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"There is no way anything can stop a sovereign government from taxing an activity. Banning or not banning will come subsequently when the consultations give me inputs. "

Total revenue for the quarter was Rs 3,435 crore, compared to a total revenue of Rs 2,936 crore for the same period during the last financial year

The daily MACD is bearish and remains below the signal line. A strong black candle emerged on the chart

The huge drop, which comes before Amazon earnings later in the day, spilled over to Europe, where technology stocks posted some of the steepest declines and soured the mood across global financial markets in another busy day of central bank meetings.

GAIL’s profit in the October-December quarter rose 121 per cent to Rs 3,288 crore from Rs 1,487 crore in the year-earlier period, driven by spectacular gains in the natural gas marketing and LPG business. Revenue from operations rose 67 per cent to Rs 25,776 crore.

In a surprise split decision, four of the nine members of the Monetary Policy Committee wanted to raise interest rates by half a percentage point to 0.75 per cent.

Barbeque Nation surpassed all estimates when it released its December quarter numbers. The company said its revenue grew 47 per cent year-on-year, while Ebitda rose 41 per cent

The index negated higher high-low formations it was making for the past four days

“It is my considered view that profitability in the FMCG business ex of cigarettes has to improve for ITC on a durable basis, for the valuations to move up, irrespective of results.”

The Nifty Auto index closed 0.44 per cent up at 11683.4.