GAIL (India) Ltd reported a 11% rise in net profit to Rs 2,672 crore in the September quarter, driven by growth in gas transmission and a turnaround in the petrochemical business. Despite a drop in gas marketing operating profit, the company saw increases in transmission and petrochemicals.
Market expects one more rate cut as inflation stays benign
Indian economists and bond market experts expect another quarter percentage point cut in policy rates. This follows the Reserve Bank of India’s recent rate reduction