EBITDA margin for the quarter stood at 38.3 per cent vs 40.7 per cent in Q2FY20. This margin contraction was led by a jump in the cost of materials consumed to 41 per cent as against 38 per cent in Q2FY20.

Reliance Industries Limited (RIL) and Reliance Retail Ventures Limited (RRVL) announced on Thursday that Saudi Arabia’s sovereign wealth fund, Public Investment Fund (PIF) will invest Rs 9,555 crore for an equity stake of 2.04 per cent into RRVL. PIF has signed definitive documentation for the same.

The market opened in green on November 06, 2020.

The market opened in green on November 06, 2020, overall volumes in futures & options currently stand at 6,22,31,284 contracts with a turnover of Rs. 45,33,245.34 crore.

The market opened in green on November 06, 2020, overall volumes in futures & options currently stand at 6,22,31,284 contracts with a turnover of Rs. 45,33,245.34 crore.

Most of us postpone the idea of retirement planning as it seems far distant; however, the earlier we start, the more comfortably we can reach the required retirement corpus.

This margin expansion was supported by a significant decline in the cost of materials consumed to 18 per cent in Q2FY21 as against 30 per cent in Q2FY20.

The level of 12,000-12,025 would act as an important support for the index in the near-term as per the rule of change in polarity i.e. previous resistance once breached acts as a support level.

Nifty has rallied nearly 600 points from the lows of October 30 and with this, it has reached its pre-COVID level while on a year-to-date basis, it is trading with a loss of less than half a per cent. While Sensex has turned positive on a year-to-date basis after the stupendous run seen over the last week.

Nucleus Software today announced the recognition of its digital lending solution, FinnOne Neo by Aite Group.