News Overview

EBITDA fell 7% yoy to Rs869 crore in Q3FY23, from Rs936 crore the previous year.

Good show likely for the company.

We believe that the large part of the RBI rate hike cycle is behind us, unless inflation flares up unexpectedly.

We bring you key takeaways from this sector update undertaken by analysts at IIFL Capital Services.

The RBI hiked the rates by 25 bps to 6.50%. That makes it a full 250 bps higher since May 2022.

In due course, the company will expand its network, making its services available in many more locations throughout these cities.

On the MCX, silver March futures were selling at Rs67,324 per kilogram, down Rs75.

The U.S. dollar index held steady at 103.31 against a basket of currencies after falling by 0.3% the previous day.

Along with India, he will lead APAC, which includes Japan and South East Asia.

RBI has adopted a well-balanced approach between handling inflation and economic growth.