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Coal India Q1 Results: Revenue from operations during the April-June 2024 period was up marginally year-on-year to Rs 36,465 crore. Sequentially, net profit increased by 26% from Rs 8,682 crore reported in the previous March quarter. Meanwhile, revenue declined by 3% quarter-on-quarter. The company reported consolidated EBITDA of Rs 14,339 crore for the reporting quarter, with margins at 39.3%.

The Indian rupee remained unchanged at the end of market hours on Wednesday, but weakened to an all time intra day low of 83.745 per US Dollar due to continuous dollar demand from local importers and volatility in crude oil prices.

The Indian rupee reached a record low of 83.72 against the U.S. dollar, driven by equity outflows, volatility in the yuan, and strong dollar demand.

Tata Motors Q1 Expectations Preview: Analysts expect JLR volumes (excluding China JV) to increase by 9% YoY led by strong growth in Range Rover, Range Rover Sport and Defender model volumes. Overall, revenues (ex China JV) to increase by 6% YoY in 1QFY25.

The Nifty traded within a 130-point range, failing to breach 25k for the third session, while the Sensex remained range-bound. Both indices closed flat with a positive bias.

Food delivery giant Zomato is expected to continue its solid performance, seen in the last few quarters, through to the April-June 2024 period, led by robust show across businesses.

The board of directors of Navratna PSU RITES today approved a bonus issue in the ratio of 1:1 along with the first interim dividend of Rs 2.50 per share for FY25 for its eligible shareholders while declaring its June quarter results.

ITC Ltd reported a notable revenue growth for Q1 2024, primarily fueled by its cigarettes and hotels businesses. Revenue increased by 6% compared to the same period last year, and net profit saw a 3% rise. However, the paper and agri segments continued to face challenges, impacting overall margins.

In the unlisted market, shares of the company are currently commanding a premium of 26% over the IPO price, with GMP of Rs 175. The IPO itself consists of a fresh issuance of shares worth Rs 680 crore, along with an offer for sale (OFS) of up to 1.73 crore shares.