News digest: Q3 earnings, Budget 2018, cryptocurrency, and others

The Union government has cut budgetary support to the Indian Railways by Rs 150 billion for the financial year 2017-18

Q3 earnings off to a good start; combined net profit of 130 firms up 16.5%

The third-quarter (Q3) earnings season has started on a positive note for Corporate India, with the combined net profit of 130 early bird companies up 16.5 per cent on a year-on-year (YoY) basis, growing at the fastest pace in the last seven quarters. Combined net sales were up 12.6 per cent YoY during the October-December 2017 quarter, growing at the fastest pace in the last three quarters. Read more

Budgetary support for Indian Railways to be cut by 27% in FY18

The Union government has cut