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Its revenue from standalone operations grew at a higher 85 per cent to Rs 1,441 crore, from Rs 779 crore a year ago.

The media firm on Wednesday reported a 31.64 per cent increase in its consolidated net profit to Rs 29.87 crore for the third quarter ended December 2021.

Revenue grew 39% on-year to Rs 2,395 crore. Earnings before interest, tax, depreciation and amortisation (EBITDA) grew by 77% to Rs 502 crore.

The Dow Jones Industrial Average fell 137.25 points, or 0.38%, at the open to 35,630.81.

Shares of Hindalco Industries hit a high of Rs 553.50 during the day. It closed at Rs 547.25 on NSE.

Shares of Balaji Telefilms surged over 14 per cent on NSE following the development.

For the nine month period ending December 31, 2021 consolidated profit grew to Rs 354.40 crore from Rs 221.91 crore registered in same period previous fiscal.

On BSE, the shares surged 19.99 per cent on Thursday to lock in upper circuit limit of Rs 381.8 apiece.

Sebi, in January, came out with a framework for operationalising the gold exchange, wherein the yellow metal will be traded in the form of EGRs.

Though the intent of the RBI to support the recovery in the economy in the face of disruption due to Covid is commendable, economists will now fear whether the RBI will fall behind the curve, having maintained the easy monetary stance longer than most other central banks had