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Top News / Zee Biz

Birla Corp Q4 Results: Net profit up by 127% to Rs 193 crore

Birla Corp Q4 Results:Consolidated revenue for the fourth quarter of the 2023-24 fiscal stood at Rs 2,682 crore, marking a 6.8 per cent growth over the same period last year.

4 May 2024 7:49 pm
JK Bank Q4 Results: Jammu and Kashmir Bank reports highest-ever annual profit of Rs 1,767 crore

JK Bank Q4 Results: Jammu and Kashmir Bankreported its highest-ever annual profit at Rs 1,767 crore for 2023-24.Its Managing Director and CEO Baldev Prakash said the net profit surged 48 per cent compared to the previous fiscal.

4 May 2024 7:36 pm
Avenue Supermarts Q4 Results: Net profit rises 22.39% to Rs 563 crore

Avenue Supermarts Q4 Results:For the fiscal ended March 2024, the company said its consolidated net profit stood at Rs 2,536 crore against Rs 2,378 crore in FY23.

4 May 2024 7:28 pm
Pakistan records its wettest April since 1961 with above average rainfall

Last month's rainfall for Pakistan was a 164% increase from the usual level for April, according to a report published Friday by Pakistan's national weather centre.

4 May 2024 6:19 pm
CDSL Q4 Results: Net profit doubles to Rs 129 crore

CDSL Q4 Results:Total income rose 86 per cent to Rs 267 crore in March quarter 2023-24 from Rs 144 crore in the year-ago period.

4 May 2024 5:01 pm
IDBI Bank Q4 Results: Net profit jumps 44% to Rs 1,628 crore

IDBI Bank Q4 Results:Net Interest Income improved by 12 per cent in the March quarter to Rs 3,688 crore, as against Rs 3,280 crore in the fourth quarter of 2022-23.

4 May 2024 4:36 pm
Ukrainian President Zelensky meets UK Foreign Secretary on military aid to Ukraine

At the meeting, which took place in Kiev on Thursday, Zelensky thanked the British government for recently approving the largest-ever military aid package for Ukraine, worth 500 million pounds ($630 million), Xinhua news agency reported.

4 May 2024 8:48 am
Earthquake Today: 6.0-magnitude quake hits Philippines

Earthquake in Philippines:An offshore earthquake with a preliminary magnitude of 6.0 rocked Leyte province in the central Philippines, the Philippine Institute of Volcanology and Seismology said.

4 May 2024 8:45 am
Britannia Q4 results: Net profit drops 3% to Rs 538 crore, revenue up 3%

Consumer goods makers have seen steady demand for certain food items such as chocolates and biscuits, especially in urban areas, while prices of key raw materials including wheat, milk and sugar have eased, helping their bottom line.

3 May 2024 10:39 pm
NSE Q4 results: Profit rises 20% to Rs 2,488 crore

Apart from trading, the total revenue was also supported by other revenue lines, including listing, index services, data services and co-location facility, the exchange added. NSE Board has recommended a dividend of Rs 90 per share (pre-bonus) for the fiscal year ended 2023-24, amounting to a pay-out of Rs 4,455 crore.

3 May 2024 10:31 pm
Titan Q4 results: Company reports 5% increase in PAT to Rs 771 crore

Total income rose to Rs 11,472 crore during the period under review from Rs 9,419 crore in the fourth quarter of the 2022-23 fiscal.For the year ended March 31, 2024, the company posted a consolidated PAT of Rs 3,496 crore as compared with Rs 3,274 crore in FY23.

3 May 2024 9:34 pm
JSW Infrastructure Q4 results: Profit rises 9% to Rs 329 crore

Total income increased to Rs 1,200.30 crore from Rs 973.20 crore in the year-ago period. Total expenses also rose to Rs 782.93 crore from Rs 677.77 crore.The company's board has recommended a dividend of 55 paise per share.

3 May 2024 9:21 pm
Patanjali, Chennai-based institution to jointly conduct clinical trials of Ayurvedic medicines

Patanjali Research Foundation and Chennai-based SRM Centre for Clinical Trials and Research will now jointly conduct clinical trials on Ayurvedic medicines. A Memorandum of Understanding was signed between the two institutions to this effect here on Friday.

3 May 2024 8:53 pm
Asian Development Fund to be replenished with USD 5 billion: ADB President

Donors and the Asian Development Bank (ADB) have agreed for the replenishment of ADF and Technical Assistance Special Fund (TASF) during the 57th Annual Meeting of the Manila-based multilateral funding agency here.

3 May 2024 8:47 pm
Sebi slaps Adani Enterprises, Adani Power, five other group firms with show cause notices

Making the disclosure as part of notes to their respective January-March quarter and 2023-24 financial results statements, all the firms in almost identical statements said there is no material non-compliance with applicable laws and regulations and no material consequential effect.

3 May 2024 8:17 pm
Telecom subscriber base grows marginally to 119.9 crore in March: Regulator

The broadband subscriber base rose to 92.4 crore, as per the monthly subscriber report published by the Telecom Regulatory Authority of India (Trai).

3 May 2024 8:05 pm
Carborundum Universal Q4 Results: Company records consolidated net profit at Rs 142.56 crore

Carborundum Universal Q4 Results:Abrasives manufacturer Carborundum Universal Ltd (CUMI) has recorded a consolidated net profit of Rs 142.56 crore for the January-March 31, 2024 quarter, the company said.

3 May 2024 7:42 pm
Aurobindo Pharma gets tax demand of over Rs 13 crore, including interest, penalty

The Deputy Commissioner (ST) STU-1 of GST, Punjagutta Division, Hyderabad, Commercial Taxes Department, Telangana, has passed an order under relevant provisions of the Central Goods and Services Tax Act, 2017 and TGST Act 2017 for the FY 2018-19 to this effect.

3 May 2024 6:37 pm
SBI Senior Citizen FDs: What Rs 2 lakh investment in 1-year, 3-year, and 5-year FDs will give you

Investors also get an income tax exemption on deposits up to Rs 1.50 lakh in five-year FDs.

3 May 2024 5:31 pm
HMPL finalises allotment of convertible warrants - Details

The company said it looks to utilise the proceeds to enhance financial resources to fund its growth.

3 May 2024 4:51 pm
Bajaj launches the Pulsar NS400Z at Rs 1.85 lakh; A sneak peek into its features

Bajaj Pulsar NS400offers a fresh headlight design and muscular fuel tank extensions, while maintaining the iconic silhouette of the Pulsar NS series. Notably, the motorcycle is expected to sport a colour LCD display integrated with Bluetooth connectivity and turn-by-turn navigation.

3 May 2024 2:54 pm
5-year FD vs Top Retirement Mutual Fund: Which option has given more returns on 5-year investment

The five-year FD provides a tax exemption of up to Rs 1.50 lakh on deposits under Section 80C of the Income Tax Act. On the other hand, mutual funds are market-linked programmes where funds invest their money in equities, debts, corporate bonds, and government securities.

3 May 2024 1:39 pm
Godrej Properties Q4 Results: Profit rises 14% to Rs 471.26 crore

Godrej Properties Q4 Results:Realty firm Godrej Propertiesreported a 14 per cent increase in its consolidated net profit to Rs 471.26 crore for the quarter ended March on higher income amid strong housing demand.

3 May 2024 1:29 pm
MRF March Quarter Results: Net profit down 7.6%, margin shrinks by 50 bps; dividend declared

MRF March Quarter Results: Chennai-headquartered tyre manufacturer MRF reported a 7.6 per cent fall in standalone net profit to Rs379.55 crore for the January-March period. Its quarterly margin, a key measure of profitability, contracted by 50 basis points (bps) to 14.2 per cent.

3 May 2024 1:26 pm
Smriti Irani has invested in this ELLS mutual fund; see how Rs 10K SIP has grown in 5 years

Smriti Irani has invested in Motilal Oswal Tax Saver Fund among other funds. It is an Equity Linked Savings Scheme (ELSS) fund, which provides tax benefits of up to Rs 1.50 lakh under Section 80C of the Income Tax Act.

3 May 2024 11:39 am
Months after listing, Kalahridhaan Trendz plans to expand production capacity

With an increase in orders in hand, the expansion will enable the company to fulfill customer orders promptly and efficiently, thereby meeting the growing demand for its products.

2 May 2024 11:05 pm
Ceat Q4 results: Net profit dips 23% to Rs 102 crore; revenue at Rs 2,992 crore

Its revenue from operations rose to Rs 2,992 crore in the period under review from Rs 2,875 crore in the fourth quarter of FY23.For the fiscal ended March 2024, the company posted a net profit of Rs 635 crore compared to Rs 182 crore in 2022-23.

2 May 2024 10:03 pm
Hybrid green energy power plant: Gujarat Toolroom to invest Rs 572 crore

The company has acquired 65 acres of land on long-term lease in Gujarat for the establishment of Green Energy Hybrid Power Plant Project worth Rs 5.72 billion.

2 May 2024 9:18 pm
Tata Projects Q4 results: Company posts PAT of Rs 120.5 crore, on back of higher revenues

These figures are after after exceptional and/or extraordinary items.The company's revenue from operations increased to Rs 5,412.80 crore during the March quarter, over Rs 5,015.21 crore in the year-ago period, the statement said.

2 May 2024 8:40 pm
Coforge Q4 results: Company reports net profit rise of 95% to Rs 223.7 crore

FY24 was an exemplary year where the firm grew 13.3 per cent in CC organic terms, thus becoming one of the very few firms across the industry that were able to deliver on the annual growth guidance given at the beginning of FY24.

2 May 2024 8:10 pm
Coal India Q4 Results: Net profit grows by over one-fourth, exceeds analysts' expectations; PSU declares dividend

Coal India Q4 Results:Coal India Ltd (CIL) reported a 26.3 per cent jump in consolidated net profit to Rs8,682.2 crore for the fourth and final quarter of the financial year 2023-24.

2 May 2024 7:14 pm
Top 7 lump sum mutual funds in India with up to 41% return in 5 years; check list

In lump sum, one invests money in one go, while in SIP, you invest either a fixed amount at regular investment intervals or opt for a step-up SIP, where you systematically increase the amount every year. The lump sum investment is good for long-term investors who want their income to be compounded over the years.

2 May 2024 7:08 pm
India among fastest-growing markets with potential to be among top 10, says Airbnb CBO, Dave Stephenson

The company is investing in India to tap the opportunity of a rapid rise in tourists travelling to foreign destinations as well as domestic places that are rapidly growing post-pandemic and where 90 per cent of its first-time bookers are Gen Zs.

2 May 2024 7:04 pm
Dabur India Q4 results: FMCG firm's profit jumps 16.5% to Rs 341.22 crore, revenue up 5% at Rs 2,814.64 crore

For the financial year ended on March 31, 2024, Dabur India's net profit was at Rs 1,811.31 crore, up 6.46 per cent against Rs 1,701.33 crore in the year-ago quarter.

2 May 2024 4:16 pm
8th Pay Commission: If implemented, how much salary hike is expected? Check latest update on pay matrix of central employees

8th Pay Commission Latest News:In the recommendations of the 7th Pay Commission, the fitment factor was kept at 2.57 times.

2 May 2024 3:57 pm
BMW launches new M4 Competition M xDrive in India at Rs 1.53 crore

Luxury car maker BMW on Thursday launched the new 'M4 Competition M xDrive' in India at an ex-showroom price of Rs 1,53,00,000.

2 May 2024 3:47 pm
Britannia Q4 Results Preview: Tiger biscuit maker's margin may shrink by 90 bps; here is why

Britannia Q4 Results Preview: Kolkata-based FMCG major Britannia, whose popular biscuit brands include Good Day,Tiger,Marie Gold and Milk Bikis, is estimated to register a consolidated net profit of Rs539 crore for the quarter ended March 31, which translates into a year-on-year decline of 3.4 per cent.

2 May 2024 2:34 pm
Post Office Scheme: Invest Rs 250 a day in this scheme to accumulate over Rs 24 lakh at 40

Post Office Scheme: UnderPublic Provident Fund or PPF scheme, to get Rs 24 lakh, you just need to save Rs 250 every day. This means, you will have to invest Rs 7,500 every month for 15 years.PPF account holders also get the loan facility. You get the loan based on the amount deposited in your PPF account. This loan is cheaper than an unsecured loan.

2 May 2024 2:20 pm
ArcelorMittal Q1 net income falls 10 pc to USD 900 million; output at 14.4 MT

Sales in Q1 2024 were at USD 16.28 billion as compared to USD 18.50 billion in the year-ago period. Steel shipments in first quarter of 2024 were 13.5 MT, lower than 14.5 MT in Q1 2023.

2 May 2024 2:17 pm
Gratuity Calculation: How employee earning Rs 40,000 per month can get gratuity of Rs 1.61 lakh - Check full detail

Gratuity Calculation:An important thing about gratuity calculation is that if an employee works for more than 6 months, it will be calculated as one year.

2 May 2024 1:54 pm
Ashok Leyland zooms 3.7% on strong April sales

According to the Hinduja Group company, it reported a nine per cent rise in domestic sales to 13,446 units in April 2024 compared to 12,366 units in April 2023.

2 May 2024 1:35 pm
Avaada Energy secures Rs 1,190 crore loan from SBI for solar project

This landmark transaction marks Avaada'sfirst endeavour in developing a greenfield project under an existing Special PurposeVehicle.

2 May 2024 11:33 am
EPF: How to create Rs 1.30 crore tax-free corpus starting with basic salary of Rs 20,000

An employee contributes a minimum of Rs 1,800 and a maximum of 12 per cent of their basic salary to their EPF. Their employer in the equal proportion also contributes to the employee account. From the employer's contribution 8.33 per cent goes to the Employee Pension Fund (EPS) and 3.67 per cent goes to EPF.

2 May 2024 11:25 am
Delhivery launches women logistics hub Sikar

This is another step towards the company's objective of promoting greater enrollment and empowerment of women in the logistics industry and also advancing overall diversity within the company, Delhivery said.

2 May 2024 7:43 am
Airtel appoints Ambareesh Mandelia as head of M&A, business development

Before joining Airtel, Mandelia was heading the corporate health and wellness business units at Tata 1mg, along with corporate strategy.

2 May 2024 7:33 am
Indus Towers expects Vodafone Idea to clear dues soon

Without naming Vodafone Idea (VIL), Indus Towers in its financial report said it has doubtful receivables of Rs 5,385.3 crore, comprising all overdue from the debt-ridden telecom firm as of March 31, 2024.

2 May 2024 7:21 am
Orient Cement Q4 results: Net profit rises to Rs 68 crore

Its revenue from operations was up 1.36 per cent to Rs 888.02 crore during the quarter under review. It was at Rs 876.03 crore in the corresponding period a year ago.OCL's total expenses were up marginally to Rs 785.52 crore in the March quarter.

1 May 2024 9:27 pm
Honda Cars report 42% rise in April sales at 10,867 units

Last month, the automaker sold 4,351 units in the domestic market and 6,516 units in overseas locations.The company had registered sales of 5,313 units in the domestic market and exported 2,363 units in April last year.

1 May 2024 7:53 pm
Jindal Stainless to invest Rs 5,400 crore for expansion, forms JV to develop stainless-steel melt shop in Indonesia

The steel manufacturer Jindal Stainless has also entered into a joint venture (JV) for the development and operation of a stainless-steel melt shop in Indonesia, which has an annual production capacity of 1.2 million tonnes per annum (MTPA). The move which entails an investment of Rs 700 crore will see the melting capacity of the steel major go up by as much as 40 percent to 4.2 MTPA.

1 May 2024 7:32 pm
Vedanta Group planning to invest $20 billion 4 years: Anil Agarwal

The investments will be focused on technology, electronics, and glass businesses apart from the other activities that the group is engaged in, Agarwal told reporters here.

1 May 2024 7:14 pm