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The EPC and infrastructure businesses, undertaken by Reliance Projects and Property Management Services, a wholly-owned subsidiary of RIL, are proposed to be merged into RIL, the diversified conglomerate said in a statement.

"It is that time of the year where gold assumes a dominant position on the buying list," Lakshmi Iyer, Chief Investment Officer (Debt) & Head Products, Kotak Mahindra Asset Management Company, said.

The cash-strapped telco will issue the debentures “having a face value of Rs. 10,00,000 each, in one or more tranches, aggregating up to Rs 1600 crores, convertible into equity shares at a conversion price of Rs. 10/- per equity share,” Vodafone Idea said in a notice to stock exchanges late Friday.

The board has also approved the resolution for raising funds through NCDs and/or other debt securities for an amount not exceeding 1,500 crore.

Revenue improved by 29% year-on-year to Rs 41,778 crore. However, high input costs meant that the earnings before interest, tax, depreciation and amortisation (EBITDA) declined by 83% on-year to Rs 1,752 crore. EBITDA margin narrowed from 32% to 4.2%.

Net interest income rises about 40% to Rs 516 crore in the quarter

Reliance Retail opened 795 stores with an area of 9.2 m sq ft, up 20% QoQ

The company aims to raise Rs 500 crore via IPO

The rupee has fallen 0.4% against the dollar this week, marking the sixth straight weekly fall

Revenues rose 7% YoY to Rs 2,291 crore during Q2FY23, compared to Rs 2,137 crore in Q2FY22.