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It reported a consolidated profit of Rs 158 crore for the quarter ending 31 March, down 58% year-on-year. Consolidated revenue for the quarter grew by 22% year-on-year to Rs 9,927 crore, led by higher sales as well as price increases.

Go First’s share sale comes as air travel is rebounding in the South Asian nation driven by pent-up demand as people emerge from one of the world’s worst coronavirus outbreaks.

At present, Nifty50 trades at a 12-month forward PE ratio of 17.5 times, in line with the pre-Covid three-year average, and marginally above the pre-Covid five-year average of 16.9 times, the brokerage said.

RBI’s specific concerns towards cryptocurrencies leading to ‘dollarization’ is based on an incorrect or at least a short-sighted assumption, said the market experts.

In the international market, gold was trading lower at $1,812 per ounce while silver was flat at $21.33 per ounce.

Local media reports said the authorities have increased the price of 1,000 ml liquor by Rs 120. The price of a quarter bottle has been hiked by Rs 20. On all types of beer, there was a minimum hike of Rs 10 per bottle, reported Telangana Today.

​​It is also declaring a special dividend of Rs. 4 per equity share over and above the final dividend of Rs. 6 per share to commemorate 100 years, the bank said while declaring its FY 2022 results in its Annual Report for FY22.

​The Dow Jones Industrial Average fell 464 points, or 1.5%, a day after it experienced the biggest one-day drop since 2020. The Nasdaq Composite was the outlier, gaining 0.2% on some early strength in Apple and Nvidia.​

The market benchmark Nifty50 has fallen 9.7 per cent in the last four weeks against a 9.5 per cent drop in the MSCI AC World index and a 9.3 per cent fall in the MSCI Asia ex-Japan index during the same period.

​​Revenue from operation of the Hinduja Group firm climbed 24.90 per cent from Rs 7,000.49 crore to Rs 8744.29 crore in the corresponding quarter last year.