UBS sees limited upside for Atoss as valuation premium fades

The Reserve Bank on Saturday said its concessional swap facility, introduced to encourage foreign currency inflows, has attracted USD 72.848 billion till August 21. Of the total inflows, the Foreign Currency Non-Resident (Bank) or FCNR (B) deposits accounted for USD 65.397 billion, while Overseas Foreign Currency Borrowings (OFCBs) contributed USD 4.86 billion and External Commercial…

Mahindra and Mahindra reported a seven percent net profit rise for the June quarter. Consolidated profit after tax increased thirty-four percent, driven by strong business growth. The auto business saw volumes rise twenty-three percent, retaining its SUV market leadership. Tractor volumes grew eighteen percent, maintaining the top position in the segment. Services revenue and profit…

BRS leader Dasoju Shravan Kumar urged Rahul Gandhi to intervene in Telangana’s political situation. He accused Chief Minister Revanth Reddy of using abusive political discourse and failing promises. Reddy criticized K Chandrashekar Rao, comparing him to Dhritarashtra and accusing BRS leaders of self-benefit. The Chief Minister vowed to continue working for the people and address…