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Radhakishan Damani’s Avenue Supermarts shares (DMart) gave up initial gains on Monday to slip into negative territory, as investors reacted to Januar-March quarter results. DMart hypermarket chain reported a 52% on-year jump in net profit during the January-March quarter to Rs 414 crore, with 18% on-year revenue growth. The strong performance was helped by the low base of the previous year. Although the performance has been robust, the management has already cautioned of headwinds owing Read More

Madhya Pradesh, which had imposed restrictions on the sale of soyabean seeds outside the state, has revoked its order following protests by the Maharashtra government. The Maharashtra government had lodged a complaint directly with the Centre against the ban. Dilip Zende, director, quality control, Department of Agriculture, Maharashtra, told FE that the order by the deputy director of agriculture, Indore and Ujjain was withdrawn following the Centre’s intervention. Senior officials of the state government, including Read More

Gold prices were trading higher in India on Thursday, due to a weaker US dollar. MCX gold June futures were trading Rs 77 or 0.16 per cent higher at Rs 47,077 per 10 gram, as against the previous close of Rs 47,000. Silver July futures were ruling at Rs 69,677 per kg, up Rs 58 on Multi Commodity Exchange. Silver futures ended at Rs 69,619 per kg in the previous session. On May 4, 2021, Read More

Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Prices of Petrol and Diesel were hiked for the second day running on Wednesday. Petrol in Delhi now costs Rs 90.74 per litre, an increase of 19 paise against yesterday’s price. Diesel price was increased by 21 paise to Rs 81.12 per litre. Prices were changed yesterday after 18 consecutive days of stable prices. Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) Read More

Upstox, tells Urvashi Valechat that Upstox aims to have over 300 million customers in the next five years. Edited excerpts: CRISIL Ratings forecasts that while the brokerage industry will see net positive growth in FY22, it is likely to be muted as account additions would not be as high as in FY21. How would the slowing account additions impact your business? We believe the momentum that the industry gained last year will continue well into Read More