Forex reserves up by $1.492 bn to $641 bn

Mumbai: The country’s foreign exchange reserves rose by $1.492 billion to reach $641.008 billion in the week ended October 15, RBI data showed on Friday. In the previous week ended October 8, the reserves had increased by $2.039 billion to $639.516 billion. PTI

New Delhi

PVR reports net loss of Rs153 cr in Sept quarter

Multiplex chain operator PVR Ltd on Friday reported narrowing of its consolidated net loss to Rs 153.13 crore for the second quarter ended September 30. Its revenue from operations was up nearly three-fold to Rs 120.32 crore during the quarter under review. PTI

New Delhi

Yes Bank Q2 profit jumps 74% to Rs225 crore

Yes Bank on Friday reported a 74% increase in standalone net profit to Rs 225 crore for the second quarter ended September. Total income slipped to Rs 5,430.30 crore during the July-September period from Rs 5,842.81 crore in the same quarter last year. PTI

New Delhi

Nykaa IPO to open on Oct 28; fixes price band

FSN E-Commerce Ventures Ltd, which runs online marketplace for beauty and wellness products Nykaa, has fixed a price of Rs 1,085-1,125 a share for its Rs 5,352-crore initial public offering, which will open on October 28. PTI

New Delhi

Mercedes-Benz rolls out new format of selling cars

Mercedes-Benz on Friday rolled out a new format of retailing cars in India with a ‘direct to customer’ model, under which it will sell new vehicles via appointed franchise partners, by invoicing them directly to the customers. PTI