If you are a credit cardholder, you would have noticed on the credit card bill the reward points that get added in your bill every month when you spend on your credit card.

Swelect Energy Systems standalone revenue for the quarter came in at Rs. 45.98 crore, registering 41.6 per cent yoy decline.

Looking at the full year numbers, we see that the revenue declined by 2 per cent to reach Rs 1043.04 crore, while the EBITDA fell by 2 per cent to Rs 162.21 crore.

The share price of IFCI jumped sharply by over 12 per cent on the bourses in Friday’s trading after the company received Rs 280 crore from the resolution of Bhushan Steel.

Japanese auto car makers Toyota Motor and Suzuki Motor Corporation may from a joint venture (JV) to make cars together and sell these in the name new entity

The external value of Indian rupee (INR) is declining and is down by 6.9 per cent  against US Dollar, year till date. This has been one of the factor that has led to a fall in the Indian equity market. Nevertheless, this has a silver lining and you can invest in funds that invest in US-Focused funds that will help you reap good returns.

EBITDA for the quarter fell by 9 per cent yoy to Rs. 191.5 crore with a corresponding margin contraction of 47 bps. EBITDA margin for the quarter stood at 7.5 per cent.

Slow recovery of payments from many markets, resulted in a cautious approach to sales. Hence the overall performance of the division was subdued.

India Cements standalone revenue for the quarter came in at Rs. 1,397.81 crore, registering 8.2 per cent yoy decline.