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Top headlines: GAIL Q4 net jumps 28%; heavy rains leave Mumbai waterlogged


GAIL net profit jumps 28% in Q4
State-owned gas utility GAIL (India) on Wednesday reported 28 per cent jump in March quarter net profit as petrochemical margins soared and gas marketing business turned around on rise in international prices. Net profit in January-March at Rs 1,907.67 crore is compared with Rs 1,487.33 crore net profit in the same period a year ago, GAIL Chairman and Managing Director Manoj Jain said on a call with reporters.
Inflows in equity MFs at 14-month high in May
Equity mutual funds witnessed a net inflow of over Rs 10,000 crore in May, making it the highest infusion in 14 months, due to rally in stock markets on the back of declining COVID-19 cases and robust quarterly earnings. This is also marks the third consecutive monthly inflow after Rs 3,437 crore net inflow seen in April and Rs 9,115 crore in March, data from the Association of Mutual Funds in India (Amfi) showed on Wednesday. ....

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Top headlines: Grasim Q4 net rises 13%; BSE sees a new milestone


Grasim Industries fourth quarter net profit rises 13.3% to Rs 2,616 crore
Aditya Birla Group firm Grasim Industries Ltd on Monday reported a 13.3 per cent rise in its consolidated net profit to Rs 2,616.64 crore for the fourth quarter ended March 31. The company had posted a net profit of Rs 2,309.41 crore during the January-March quarter of the previous financial year, Grasim Industries said in a regulatory filing.
Market-cap of BSE-listed companies at record $3 trillion
BSE on Monday added another feather to its cap with the market capitalisation of all listed companies on the exchange reaching USD 3 trillion for the first time ever. At close of trade, the market capitalisation of BSE-listed companies stood at Rs 2,18,94,202.30 crore (USD 3 trillion). During the day, the market capitalisation of BSE-listed companies went past the Rs 219 lakh crore level. ....

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