JSW Energy’s shares experienced a surge following a robust Q1 performance, with net profit climbing 42.4% to Rs 743 crore, fueled by increased renewable and thermal power generation. Revenue soared by 78.6%, and EBITDA nearly doubled, driven by significant capacity additions, including the acquisition of Mytrah Energy.
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.