News digest: Q4 earnings, powering villages, Fortis stake sale, and more

The Narendra Modi-led government on Sunday celebrated meeting the target of connecting all villages of the country to the national electricity grid

Early birds score on sales, falter on profits; RIL props up Q4 earnings

The March quarter earnings of companies which have reported results so far are a case of robust top line growth. Led by a 38 per cent increase clocked by Reliance Industries (RIL), net sales growth of 136 companies at nearly 18 per cent has been the highest in at least 12 quarters. Top line growth has been secular and even without RIL, revenue growth is the highest in six quarters.

The disappointment, however, is on the net profit front largely owing to muted showing by the banking and financials