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A reverse repo rate hike in the coming monetary policy is a fait accompli given that the overnight call rates have surged past the rate the RBI provides banks for parking their excess funds. If the budget deficit numbers are more than 6.5 percent of the GDP, then even the repo rate hike may be on the table.

Motilal Oswal Financial Services on Thursday reported a consolidated net profit of ₹239.14 crore for the quarter ended December, down 28.8% compared to a net profit of ₹336.85 crore reported in the same period the previous financial year.

During the quarter under review, the company’s total expenses amounted to Rs 2,668 crore up around 8% Y-o-Y. The consolidated revenue from operations was at Rs 2,731 crore down 0.2% year-on-year.

The Dow Jones Industrial Average fell 7.31 points, or 0.02%, to 34,160.78, the S&P 500 lost 23.42 points, or 0.54%, to 4,326.51 and the Nasdaq Composite dropped 189.34 points, or 1.4%, to 13,352.78.

Revenue from operations rose to Rs 1,658.1 crore in the quarter under review from Rs 1,190.6 crore in the year-ago period, Coforge said in a regulatory filing.

Consolidated revenue from operations fell by about 11 per cent to Rs 43.37 crore during the reported quarter from Rs 61.8 crore earlier.

The company posted losses of Rs 14.3 crore compared to Rs 31 crore in the quarter ended December 31, 2020.

Consolidated revenue for the December quarter stood at Rs 6,927 crore, up 3 per cent on-year while consolidated earnings before interest tax depreciation & amortization (Ebitda) also rose 3 per cent on-year to Rs 3,704 crore.

The fund aims to generate an investment return of 6.50 percent a year in dollar terms. It will have a tenor of three years from the date of fund closure, which could be extended by another one year.

Cipla reported a 2.6 per cent decline in its consolidated profit after tax to Rs 729 crore for the third quarter ended on December 31, 2021. An ET NOW poll of analysts had estimated the net profit at Rs 710 crore.