Meanwhile, operating profit of the telecom segment improved 2% to ‘12,767 crore, driven by subscriber additions. Average revenue per user (ARPU) remained stable at ‘178.8. Retail business, where the firm is on a shopping spree, had quarterly revenues of ‘69,267 crore, up nearly a fifth. Here, the operating margin climbed to 7.09%-the highest in eight quarters.
CAS chaos triggers liquidity spiral: Nuvama says higher participation needed to break cycle
BSE’s new Closing Auction Session has faced weak participation, with Nuvama reporting sharp declines in option premium volumes and contracts. Thin liquidity is creating a