Missed Q1 earnings this week? Here's a snapshot https://ift.tt/Q7UE3cG Steel reported its consolidated net profit fell 92% year-on-year to Rs 634 crore for the first quarter ended June. Its revenue from operations fell 6% to Rs 59,490 crore in the first quarter, compared with Rs 63,430 crore in the same quarter of last year.
Government's cash surplus tops Rs 3.4 lakh crore https://ift.tt/54P3HSG from the deceleration in government spending, higher direct tax collections and a likely sharp rise in issuances of Treasury Bills by the Centre in FY24 were factors pushing up the government's cash balances, analysts said. The flow of government cash balances to and from the banking system is a key factor that influences liquidity conditions.
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