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The outstanding dues of power distribution companies (DISCOMs) to power generating companies (Gen Cos) have reduced to INR 91,061 crores in Mar-2023. The outstanding dues were at INR 1,38,378 crores earlier. As per ‘Electricity (Late Payment Surcharge and Related Matters) Rules 2022’, it requires DISCOMs to clear the dues in time bound manner in EMIs.

IT Services industry entered a technology upcycle in 2020-2021, with Cloud migration and Digital transformation-led deals coming to the market

Agri business is significantly de-grown by 37.1% YoY and 21.8% QoQ as there was an export ban on wheat, and agri-exports largely constitute, wheat, rice, and leaf tobacco.

Reliance Industries had a healthy revenue and profitability growth in FY23.