revenue surge

RIL Q4 profit beats expectations: How will the stock react on Monday? key tips to trade

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RIL Q4 profit beats expectations: How will the stock react on Monday? key tips to trade

Reliance has reported a strong fourth quarter beat in profitability as the bottom line rose 2% year-on-year (YoY) to Rs 19,407 crore. The Street was expecting the profit to be around Rs 18,471 crore. Revenue from operations too surged 10% YoY to Rs 2.64 lakh crore. The growth was driven by telecom and retail businesses, … Read more

India to use revenue surge to fund welfare drives, not beat fiscal deficit target: Sources

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India to use revenue surge to fund welfare drives, not beat fiscal deficit target: Sources

India will utilise a big bump in revenue collection to fund welfare programmes instead of trying to beat its fiscal deficit target or lower borrowing, two government sources told Reuters. The country is set to exceed its 2020/21 revenue collection target of Rs 15.45 lakh crore ($207.77 billion), the first beat in four years, but … Read more