In the last 20 years, RIL's net profit has grown at a CAGR of 15.7 per cent
In comparison, Ambani, who topped the list last year, has seen a 2.5 per cent decline in his family's net worth to $101.75 billion from $104.4 billion a year ago
NBFC have certain disadvantages compared to banks on the liability side and they don't have access to demand deposits like commercial banks but this is not a big impediment to growth of the industry
But it remains a laggard on the bourses over the past decade
The combined m-cap of 11 BFSI companies in Nifty50 is up 12.3% so far this year
Unless the underwriting business starts looking up, brokerages are reluctant to give a buy call on the stock despite the recent rally
The NBFCs share of the country's lending pie declined to five-year low of 19.8 per cent in the first half of FY23
This has acted as a magnet for investors, and led to a record number of equity-trading and demat accounts being opened
Ratio for manufacturing firms at 9-quarter low of 0.93%
The listed non-financial companies raised fresh equity capital worth Rs 1.6 trillion in FY22 down 57 per cent from FY21
RIL's rights issue in 2020 for Rs 53,124 cr remains the single-biggest equity issuance by an Indian firm
The biggest decline has been in foreign tourist arrivals
The industry's combined quarterly earnings in Q2FY23 were the lowest since July-September 2013
In a Q&A, the head of the apex body of chartered accountants in the UK discusses the challenge of sustainability and other issues her tribe faces across the globe
The biggest gains came to banks, which reported a 35.8 per cent YoY growth rate in their combined net profit in Q2 FY23
The combined gross borrowings of the 760 companies excluding banking, finance, insurance and stock-broking firms were up 12.2 per cent year-on-year (YoY) during April-September 2022 (H1FY23)
The combined net profit of 2,725 listed companies across all sectors was down 6.3 per cent year-on-year (YoY) in Q2 -the first contraction after eight consecutive quarters of YoY growth
Bright future for sector could be a reason, say experts
A portfolio of richly valued RoE stocks is expected to outperform the broader market over the longer term.
Profits down 91% in Q2, driven by margin contraction because sales realisation did not keep pace with rise in expenses