Thu, Jan 21, 2021 3:05 PM
Asian Paints registers 62% jump in December quarter profit
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Drug maker Granules India reported a 8% year-on-year (YoY) rise in March quarter profit at ₹129.6 crore on Wednesday. It was ₹119.6 crore in the corresponding period of last fiscal. The company's revenue from operations fell 1.7% YoY to ₹1,175.7 crore as against ₹1,195.5 crore in the year-ago period. Granules India's operating profit or EBITDA rose 12% to ₹255.5 crore.
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Go Digit IPO subscription status: The retail investor response to Go Digit General Insurance IPO has been overwhelming, and within a few hours of taking off, the portion is fully booked. The IPO has received slow but steady responses from non-institutional investors. Go Digit General Insurance IPO subscription status is 22%, at 13:33 IST, as per BSE data.
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The International Energy Agency (IEA) trimmed its forecast for 2024 oil demand growth on Wednesday, further expanding the chasm between it and oil producer group OPEC regarding the outlook for global oil demand this year. The Paris-based energy watchdog lowered its growth outlook for this year by 140,000 barrels per day to 1.1 million bpd, largely citing weak demand in developed OECD nations.
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