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The PSU’s revenue from operations jumped 8.42% at Rs 1,702.36 crore in Q2, compared to Rs 1,570.11 crore in the same period of last fiscal. While total expenses of the company stood at Rs 1,604.52 crore in the second quarter of FY23 against Rs 1,504.17 crore in the same quarter of FY22.

The company had posted net profit of Rs 83 crore in the corresponding period of the last financial year.Revenues in the period under review went up 30% to Rs 18,261 crore. The company said this was the highest ever revenue for any quarter.

“The steel industry has been in a death spiral,” Bimlendra Jha, the newly appointed managing director of JSPL told ET. He was referring to the sharp and continuous dip in steel prices that has followed after the alloy reached historically high prices in April this year.

Binance has scrapped its letter of intent to buy rival crypto exchange FTX after due diligence. Furthermore, there are several reports that FTX mishandled customer funds.

“My view is simple that the broader index is going to trade within a range of 4-5% either on the upside or on the downside for next six months. As of now, the market can fall 10% from here or can move up more than 10%. I think it is a range-bound market and whatever levels come in, should be within those levels.”

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Revenue from the healthcare services business grew 5% YoY to Rs 2,277 crore, while the digital health and pharmacy business registered a growth of 43% to Rs 1,668 crore.

Under the proposed framework, the existing public equity shareholders of the corporate debtor should be provided an opportunity to acquire equity of the fully diluted capital structure of new entity to the extent of up to the minimum public shareholding percentage (currently 25 per cent). The pricing terms should be the same as agreed upon by the resolution applicant.

“Trend in SIP contribution and folios are positive reflecting faith of the investors in the Indian economy and markets. It also re-affirms the trend of financialisation of household savings even in the face of persistent concerns on the global macro front. The Indian economy’s resilience during these troubled times globally is also helping,” Akhil Chaturvedi, Chief Business Officer of Motilal Oswal AMC, said.

"We are happy to share that the second quarter and H1 results have validated despite huge raw material price hikes, our pass through remains healthy. Our strong alignment with the India growth story provides positive tailwinds to demand growth for our products.