Ixigo shares: Ixigo recorded a 73% year-on-year rise in revenue from operations, reaching ₹314.5 crore in the June quarter. Net profit grew by 27% YoY to ₹19 crore, while gross transaction value (GTV) rose 55% to ₹4,644.7 crore, driven by strong performance in the flight and bus segments (up 81%) and a 30% increase in train GTV.
RBI eases restrictions on cash credit accounts, eases current account norms
The Reserve Bank of India has lifted all restrictions on banks opening and maintaining cash credit accounts, offering greater flexibility for short-term working capital loans.