Indians sent $2.36 billion abroad in October under the Liberalised Remittance Scheme. Travel spending was $1.35 billion. Investments in equity and debt saw a significant jump. However, spending on studies abroad decreased compared to last year. The Reserve Bank of India manages this scheme for resident individuals.
RR Kabel shares jump 10% as Q1 PAT surges 129% YoY, Ebitda doubles
RR Kabel reported a strong June-quarter performance, with profit after tax surging 129% year-on-year and Ebitda nearly doubling, driven by robust growth in its Wires