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MobiKwik reports Rs 11.83 Cr profit in Q2; Indian female workforce growth lacks quality jobs

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MobiKwik reports Rs 11.83 Cr profit in Q2; Indian female workforce growth lacks quality jobs

Reliance Industries chairman Mukesh Ambani has emerged as the world's biggest billionaire wealth gainer, adding over $6 billion to his fortune in a single day, as shares of his flagship company surged following a stronger-than-expected quarterly earnings performance.

According to Forbes' Real-Time Billionaires list, Ambani's wealth increased by 7.85%, or $6.3 billion, making him the biggest gainer globally in the latest update to the ranking on November 2.

ICYMI: The gap between economic superpowers, the US and China, versus the rest of the world is striking. The US economy is bigger than the combined GDP of Germany, Japan, the UK, India, and France.

In other news, ValueQuest Tristar Fund, an India-focused private equity fund, has secured over Rs 2,100 crore in investor commitments within 15 months of its first close, surpassing both its base target and the full greenshoe option. The fund targets advanced manufacturing sectors, including aerospace, defence, precision engineering, and the energy transition. It has so far invested in four companies: Hi-Q Electronics, Rangsons Aerospace, Waaree Energy Storage Solutions, and Trusted Aerospace & Engineers (TASE Global).

Meanwhile, PRISM, parent entity of hospitality chain OYO, has posted a consolidated profit after tax (PAT) of Rs 353 crore in the first quarter ended June, registering 17% growth from Rs 301 crore in the year-ago period. The quarterly profit included a deferred-tax credit of approximately Rs 244 crore, according to the company's audited financials.

Here’s your trivia for today: Which consumer electronics retail chain was founded in 2006 as an enterprise of Infiniti Retail, a subsidiary of the Tata Group?


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