RELITRADE 

The company, hit at the outset of the COVID-19 pandemic by a drop in commuting when many users tune into its services, said on Thursday all regions had now fully recovered.

The company's revenue rose 3.3 per cent to Rs 2,157.9 crore as compared to Rs 2,089 crore in the same quarter a year ago, it said.

NIM grew 23 per cent to Rs 1,255 crore in July-September 2020, compared with Rs 1,020 crore in the year-ago quarter.

“It has been decided to conduct another purchase auction of SDLs under Open Market Operations (OMOs) for an aggregate amount of ₹10,000 crores on November 05, 2020,” the central bank said in a release Thursday.

Analysts will also wait and watch company’s take on the legal tussle between Amazon Inc and Future Group, which has put the RIL-Future Group on hold.

The company reported a profit of Rs 196 crore against expectations of Rs 183 crore for the September quarter. This was a decline of 23% over the same period last year when the company had booked an exceptional gain of Rs 76 crore.

Consolidated revenue from operations of the company stood at Rs 1,138.84 crore for the quarter under consideration. It was Rs 712.42 crore for the same period a year ago, it added.

Investigation revealed that Vintage FZE (now known as Alta Vista International FZE), an entity controlled by Panchariya, was the sole subscriber of the GDR issue.

Profit slid 38% during the quarter to 546 million Swiss francs ($602 million) as CS contended with its strongest foreign currency adversities in nearly a decade, along with higher credit loss provisioning and a one-off boost which had flattered last year's numbers.