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The financial performance of Indian steel companies in the second quarter of the current fiscal has been adversely impacted by falling steel prices on one hand, and high raw material prices, especially coking coal, on the other.",
Ratings agency Fitch said two Adani Group subsidiaries are exposed to “heightened contagion risks”, possibly affecting their financial flexibility, due to governance weakness at the parent conglomerate and other Adani group companies.",
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RIL’s digital arm Reliance Jio Platforms reported gross revenue of Rs 24,176 crore for the quarter, higher by 13.8 per cent from Rs 22,858 crore a year ago. Net profit for the quarter was Rs 3,795 crore, higher by 8.9 per cent from Rs 3,486 crore a year ago. Gross subscriber addition remains strong with total gross adds of 34.6 million in the third quarter of FY22 driven by both mobility and FTTH businesses.",
The fund-raising committee of the Board of Directors approved the allotment of 54.11 lakh equity shares of face value Rs 2 to eligible investors at a price Rs 924 per share (including premium of Rs 922 per equity share), the company said in a release.",
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The Indian Express is the first to report about the nomination of Narvekar, said to be close to Sena (UBT) chief Uddhav Thackeray."
On the Sensex pack, NTPC, Bajaj Finance, Maruti Suzuki India, State Bank of India (SBI), Housing Development Finance Corporation (HDFC) and Kotak Mahindra Bank were the top gainers of the day. On the other hand, Ultratech Cement, Asian Paints, ITC, Tata Consultancy Services (TCS), Dr. Reddy’s Laboratories and HCL Technologies were the top losers."
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NASA’s James Webb Space Telescope has been damaged after the space telescope was hit earlier this year by at least 19 small space rocks, also called micrometeoroids. One of the rocks has reportedly left noticeable damage on one of the telescopes’ 18 gold-plated mirrors. The impact reportedly took place between May 23 and May 25 this year, and caused “uncorrectable” damage in a small part of the space telescope. NASA researchers have now shared the first images that show the damage caused by the collision in a research paper posted on arXiv.org."
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