Kalyan Jewellers records FY24 revenue of Rs 18,548 Cr; PAT grows by 38%
May 11, 2024, at 05:06 am
Kolkata: Kalyan Jewellers India Limited recorded a consolidated revenue of Rs 18,548 crore in FY24 as against Rs 14,071 crore in the previous year, a growth of 32%. Consolidated PAT for FY24 was Rs 596 crore.
Google CEO Sundar Pichai updates employees on layoffs
May 11, 2024, at 05:00 am
Google CEO Sundar Pichai has said that the majority of the layoffs in the company would happen in the first six months of 2024, during an all-hands meeting, media reported.
Tata Motors Q4FY24 net profit shoots 222% to Rs 17,407.18 cr
May 11, 2024, at 02:25 am
Mumbai: Leading auto manufacturer Tata Motors on Friday reported a consolidated net profit of Rs 17,407.18 crore in the final quarter of the financial year 2023-24 (FY24), a massive 222 percent YoY growth.
India to again delay caps on UPI payments market share, reports Reuters
May 10, 2024, at 11:38 pm
Mumbai/IBNS: India will again delay caps on market share for a popular digital payments method, benefiting Google Pay and Walmart-backed PhonePe as the authorities prioritise growth over concerns about market concentration, Reuters reported quoting its sources.
May 10, 2024, at 10:39 pm
Mumbai: Domestic benchmark indices opened higher on Friday, buoyed by strong global cues.
Cipla Q4FY24: Net profit grows 79% YoY to Rs 939 cr
May 10, 2024, at 10:21 pm
Mumbai: Pharma giant Cipla’s consolidated net profit grew 79% rising to Rs 939.04 crore in Q4 FY24 over Q4 FY23.
Bank of Baroda Q4FY24 net profit up 2.3% YoY to Rs 4,886.49 cr; NII up 2.3% to Rs 11,793 cr
May 10, 2024, at 09:47 pm
Mumbai: State-run lender Bank of Baroda on Friday said its standalone net profit reached Rs 4,886.49 crore in Q4FY24, up 2.3% compared to Rs 4,775.33 crore in the year-ago period.
JPMorgan says India index inclusion on track, most clients ready: Bloomberg report
May 10, 2024, at 06:34 pm
Mumbai/IBNS: JPMorgan Chase & Co. is on track to include India in its emerging market debt index from June with most of its clients ready to trade, Bloomberg reported quoting Gloria Kim, the firm’s global head of index research.
Punjab National Bank Q4FY24 PAT soars 160% YoY to Rs 3,010 cr; NII grows 9% YoY to Rs 10,363 cr
May 10, 2024, at 06:09 am
New Delhi: Public sector lender Punjab National Bank (PNB) Thursday reported an impressive growth in net profit at 159.8% YoY to Rs 3,010.27 crore in Q4FY24 compared to Rs 1,159 crore in the corresponding period last year.
May 10, 2024, at 05:29 am
Kolkata: Bridgestone India Wednesday announced the launch of its new marketing campaign, “Trailblazing with Dueler A/T,” for the latest addition to its tyre lineup, the Bridgestone Dueler Tyre.
Tesla continues to cut jobs in China as part of its global workforce reduction: Report
May 10, 2024, at 05:22 am
Beijing: Tesla has increased job cuts in China as billionaire Elon Musk struggles to recover lost market share in the world’s biggest auto market, reported Bloomberg.
May 10, 2024, at 04:58 am
New Delhi: India’s Technical Textiles market has a huge potential backed by a significant growth rate of 10% and placement as the 5th largest technical textiles market in the world, said Rachna Shah, Secretary, Ministry of Textiles while addressing a symposium on Thursday.
Bharat Petroleum reports highest ever net profit in FY24 at Rs. 26,673.50 cr
May 10, 2024, at 03:51 am
Mumbai: Bharat Petroleum posted the highest ever standalone net profit of Rs. 26,673.50 crores in FY24 as compared to the profit of Rs 1,870.10 crores in FY 22-23.
NPCI may defer market cap restriction for UPI platforms for 2 yrs: Report
May 10, 2024, at 03:36 am
New Delhi: The National Payments Corporation of India (NPCI), responsible for managing the Unified Payments Interface (UPI), is likely to limit market share for digital payment platforms two years later, according to Reuters.
SBI Q4FY24: PAT grows 24% YoY to Rs 20,698 cr; NII grows 19% to Rs 1.11 lakh cr
May 10, 2024, at 03:27 am
Mumbai: India’s largest lest lender State Bank of India (SBI) on Thursday reported net profit of Rs 20,698 crore, marking a 24 percent year-on-year increase for the fourth quarter of FY 24.
May 09, 2024, at 08:40 pm
Mumbai/IBNS: The Reserve Bank of India (RBI) has allowed Bank of Baroda (BOB) to onboard customers via its 'BOB World' mobile application, following which shares of the public sector bank surged 3.4 percent to Rs 271 per share on Thursday (May 9).
Bridgestone India unveils Dueler All-Terrain 002 tyre
May 09, 2024, at 08:57 am
Kolkata: Bridgestone India has launched the Dueler All-Terrain (A/T) 002 tyre with enhance grip and stability.
China's gold-buying spree triggers global price surge
May 09, 2024, at 05:27 am
Gold's value has historically surged during geopolitical and economic upheavals, and recent events like Russia's invasion of Ukraine and the conflict in Gaza have further boosted its price.
Sixteenth Finance Commission invites suggestions from general public
May 09, 2024, at 04:10 am
New Delhi: The Sixteenth Finance Commission has invited suggestions and views from the public, organizations, and individuals regarding its terms of reference and overall approach.
TVS SCS wins new business deal for Eicher’s bus facility in Madhya Pradesh
May 09, 2024, at 04:07 am
New Delhi: TVS Supply Chain Solutions Limited (NSE: TVSSCS, BOM: 543965), a global supply chain solutions provider and one of the largest, has won a new business contract from VE Commercial Vehicles (VECV) for managing their in-plant warehousing and logistics function at their Eicher bus factory located in Baggad, Madhya Pradesh.
May 09, 2024, at 03:30 am
Mumbai: Godrej Agrovet, a leading player in the agricultural and animal feed industry, reported a significant improvement in its consolidated net profit jumped to Rs 65.48 crore in the March 2024 quarter from Rs 23.47 crore a year ago.
May 09, 2024, at 02:49 am
New Delhi: The Indian Coast Guard (ICG) and Jindal Steel & Power (JSP) signed a Memorandum of Understanding (MoU) on Tuesday in New Delhi for the supply of indigenous marine-grade steel to enhance the indigenous content in shipbuilding.
RBI asks NBFCs to disburse cash loans only up to Rs 20,000: Report
May 09, 2024, at 02:16 am
Mumbai: The Reserve Bank of India (RBI) cautioned non-bank finance companies (NBFC) on Wednesday, advising them against providing cash loans exceeding the permitted threshold of Rs 20,000 ($240), media reported.
National Statistical Commission to be revived as govt appoints two new members: Report
May 09, 2024, at 01:39 am
New Delhi: The National Statistical Commission (NSC), which has been inactive for a year, is gearing up for operation with the appointment of all five members, media reports said.
India poised for higher GDP growth based on domestic strengths, says Chief Economic Advisor
May 09, 2024, at 12:57 am
New Delhi/IBNS: With supply-side investments on both physical and digital infrastructure, Indian economy is better placed to pursue non-inflationary growth and could achieve a GDP growth rate of above 7% this year, based on its domestic strengths, Chief Economic Advisor to the Government Dr V Anantha Nageswaran said on Wednesday.
May 08, 2024, at 10:16 pm
Mumbai: Canara Bank reported a robust performance for the March quarter, with standalone net profit increasing by 18.33% year-on-year to Rs 3,757.23 crore, compared to Rs 3,174.74 crore in the same quarter last year.
Hero MotoCorp Q4FY24 profit grows 18% YoY to Rs Rs 1,016 cr
May 08, 2024, at 09:28 pm
Mumbai: Hero MotoCorp on Wednesday announced an 18 percent increase in net profit, reaching Rs 1,016 crore for the quarter ending on March 31, 2024.
CCI approves acquisition of additional shares in Sikkim Urja Ltd by Greenko Energies
May 08, 2024, at 07:04 am
New Delhi: The Competition Commission of India (CCI) has approved the acquisition of additional shares in Sikkim Urja Limited (formerly Teesta Urja Limited) by Greenko Energies Private Limited, the anti-trust watchdog said in a press release on Tuesday.
JSW Energy Q4FY24 PAT grows 29% to Rs 351 cr
May 08, 2024, at 03:43 am
New Delhi: Private sector power producer JSW Energy recorded a 29% surge in profit after tax (PAT) on account of the company's owners for the March quarter, primarily due to reduced tax expenses.
Ghost malls witness a 59% year-on-year rise in India
May 08, 2024, at 03:22 am
New Delhi: Ghost malls, which derive their name from their high vacancy rates of over 40%, surged by 59% to reach 13.3 million square feet (msf) in 2023 compared to the previous year, according to a report released on Tuesday.