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"The strong growth continued in the quarter gone by, despite the uncertain external environment. Demand growth in the farm and auto segment, combined with continuing growth in other markets has been strong," said Rampraveen Swaminathan, Managing Director at Mahindra and Chief executive Officer at Mahindra Logistics Ltd.

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Amazon shares jumped as much as 12% on Friday, their biggest move since Feb. 4, while Apple advanced 3.6%.

Noting that addresses form a critical part of the KYC procedures, Sebi said that every address recorded for the purpose of compliance with the KYC procedures has to be accurate.An intermediary is required to update the address from time to time. However, the regulator observed that in some cases accurate or updated addresses of clients are not maintained.

The index formed a bullish candle on the daily scale. On the weekly scale, it formed a solid bullish candle, with a long lower wick, suggesting buying at low.

"Further, he has led several organic growth initiatives that have started delivering market share gains, with a focus on new product launches. Aman is a key contributor in the evaluation of acquisition opportunities and driving the strategic direction of India business," the company said.

The regulator found that BIL, a separate legal entity and a wholly-owned subsidiary of BSE Ltd, had acquired an 8 per cent stake in Indus Water Institute Ltd. The latter provides support to entrepreneurs in water and clean technologies.In its order, Sebi said that such activities are not related to the activities as carried out by the exchange

Route Mobile Q1 net profit doubles on year

Updated at : 2022-07-29 20:25:04

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“I am happy to state that we had an excellent start to FY23 and have carried our growth momentum into 2022 with an exemplary 93% y-o-y growth and 16% sequential growth,” said Rajdipkumar Gupta, managing director, Route Mobile.

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The S&P 500 opened higher by 14.90 points, or 0.37%, at 4,087.33, while the Nasdaq Composite gained 77.10 points, or 0.63%, to 12,239.69 at the opening bell.

“Our primary focus during the June quarter was on maintaining a strong collections trend and ensuring complete alignment with the new microfinance underwriting guidelines," managing director Udaya Kumar Hebbar was quoted as saying in a statement issued by the company.

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"Domestic equities continued its northward journey for the third consecutive day on the back of healthy corporate earnings and positive global cues," Siddhartha Khemka, Head - Retail Research of Motilal Oswal Financial Services Ltd, said.Softening commodity prices, reduced intensity of Foreign Institutional Investors (FIIs) selling and better-than-expected earnings season have led to the recovery in the markets, analysts said.

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