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Grasim’s consolidated revenue for Q2FY22 was up 26 per cent at Rs 22,564 crore. EBITDA was up 19 per cent at Rs 4,282 crore.

Consolidated total revenue from operations stood at Rs 14,076.39 crore as against Rs 14,957.21 crore in the year-ago quarter, it added.

Revenue improved 73 per cent year-on-year to Rs 2,386 crore. Earnings before interest, tax, depreciation and amortisation (EBITDA) improved by 207 per cent to Rs 510 crore while the EBITDA margin widened by 931 basis points to 21.4 per cent.

Various factors are pushing the inflation rate upwards. The re-opening of the economies and increased demand is causing supply bottlenecks for various products. This demand-supply mismatch is pushing the prices upwards.

This week, benchmark Nifty50 and BSE-Sensex clocked gains of little over 1 per cent aided by strong buying from retail investors and short-covering by traders. Much of those gains in the market this week came today as the headline indices closed over 1 per cent higher driven by short covering.

In another transaction, Societe Generale sold 1.2 million shares of newly-listed Fino Payments Bank at Rs. 528.9 apiece through a bulk deal on the NSE.

SpiceJet’s sales, however, rose 27 per cent year-on-year to Rs. 1,342.5 crore aided by the reopening of the economy due to falling COVID-19 cases and a higher vaccination rate.

The Dow Jones Industrial Average rose 42.55 points, or 0.12 per cent, at the open to 35,963.78.

China banning digital assets has already forced several miners to move out to other countries. And with leading crypto-exchanges like Huobi having to drop the Chinese users, the Asian crypto juggernaut will inadvertently head towards India.

ZMCL is one of the leading news networks in India. Formerly known as Zee News Ltd, it is a part of media baron Subhash Chandra-led Essel Group and operates one of the largest news networks with 14 news channels in six different languages.