33 C 
Weak tech spends by telcos could put IT firms' revival on hold this fiscal year
After a 3% decline in annual telecom revenue in FY24, the top five IT services firms, which earn a tenth of their net revenue from telecom clients, could see revenue from this sector drop another 5% in FY25.
Bank of Baroda Q4 Results Preview: Net profit likely to decline 2%, asset quality may improve
Bank of Baroda Q4 FY24 Results Preview: PSU lender Bank of Baroda is estimated to register a 2.4 per cent year-on-year decline in standalone net profit to Rs4,660 crore for the January-March period. The analysts estimate Bank of Baroda's net interest margin (NIM) for the fiscal fourth quarter at 3.0 per cent.
Marico shares up 1.99% as Sensex falls
A total of 200,312 shares changed hands on the counter till 11:26AM (IST)
Infosys, Bajaj Finance among 9 stocks that earned downgrades in last 1 month
Infosys, Bajaj Finance, Wipro, HDFC Bank, HUL, Dalmia Bharat, Bandhan Bank, CIE Automotive, AU SFB target prices downgraded by brokers, indicating revised average target prices and upside potential.
Got suspended for reporting a security incident, claims TCS employee on Reddit
A Reddit user claimed that he was suspended from TCS for reporting a security incident even when no action can be taken against whistleblower.
India's private capex not secular across industries, says HSBC's Malhotra
Despite a massive push by the government in the form of infrastructure investments, capex from the private sector has been off to a slow start
Meme fest starts as Zomato CEO Deepinder Goyal says, Don't hire people looking for jobs
Zomato CEO Deepinder Goyal's hiring strategy of 'not hiring those looking for jobs' but 'poaching or approaching' candidates is being mocked online. He described the hiring process as a long 'dating' period of 6-12 months to get the right people.
Air India Express cancels 70 flights after several crew members call in for a 'mass sick leave'
According to the reports, the staff called in sick together to protest against the mismanagement by authorities at the Tata Group-owned airline.
Pidilite Q4 FY24 Results: Mumbai-headquartered Pidilite Industries,whose popular brands include Fevicol, Dr Fixit and M-Seal, reported a more than 19 per cent increase in consolidated net profit to Rs364 crore for March quarter.
FTX files amended reorganization plan, expects $14.5-16.3 billion for distribution
FTX said it has anticipated the figure based on monetizing assets, most of which were investments owned by Alameda Research, a crypto-focused hedge fund controlled Sam Bankman-Fried, FTX Ventures businesses, and litigation claims.
AstraZeneca withdraws Covid vaccine days after side effect row, firm says decision 'commercial'
AstraZeneca, however, attributed the move to commercial reasons. The company reportedly said that the vaccine is no longer being manufactured or supplied.
How Mhow, Silvassa and Rewa emerged as hotspots for Indian hotels
With their lower operational costs and untapped market potential, smaller cities are not just catching up, they're poised to lead the next wave of hotel development in India
Bank holiday today: Banks to remain closed in THIS state for Rabindranath Tagore Jayanti 2024
Bank holiday today: Today is Rabindra Jayanti, the birthday of Rabindranath Tagore, a prominent Bengali poet, writer, and philosopher.
AstraZeneca to withdraw sales of Covid-19 vaccine globally
AstraZeneca withdraws Covid-19 vaccine globally due to surplus of updated vaccines. Admitted vaccine can cause blood clot side-effect in very rare cases
ET 40 under 40: Elite jury set to pick CEOs of tomorrow
Nita Ambani leads the 10th year of The Economic Times 40 under Forty listing, with a 13-member jury selecting India Incs future business leaders in Mumbai on May 9, including prominent figures from various industries.
Gujarat Fluorochemicals Q4 Results Live : profit falls by 69.58% YOY
Gujarat Fluorochemicals Q4 Results Live : Revenue decreased by 23% YoY & profit decreased by 69.58% YoY
Godrej Consumer Products Q4 results : loss at 1893.21Cr, Revenue increased by 5.8% YoY
Godrej Consumer Products Q4 results : Revenue increased by 5.8% YoY & loss at 1893.21Cr
Happiest Minds Technologies Q4 Results Live : profit rise by 24.84% YOY
Happiest Minds Technologies Q4 Results Live : Revenue increased by 10.4% YoY & profit increased by 24.84% YoY
Kamdhenu Q4 Results Live : profit rise by 55.73% YOY
Kamdhenu Q4 Results Live : Revenue increased by 5.48% YoY & profit increased by 55.73% YoY
Lupin Q4 Results Live : profit rise by 52.33% YOY
Lupin Q4 Results Live : Revenue increased by 11.98% YoY & profit increased by 52.33% YoY
Apcotex Industries Q4 Results Live : profit falls by 34.02% YOY
Apcotex Industries Q4 Results Live : Revenue increased by 21.27% YoY & profit decreased by 34.02% YoY
Selan Exploration Technology Q4 Results Live : profit rise by 129.05% YOY
Selan Exploration Technology Q4 Results Live : Revenue increased by 108.99% YoY & profit increased by 129.05% YoY
Grindwell Norton Q4 Results Live : profit falls by 6.67% YOY
Grindwell Norton Q4 Results Live : Revenue increased by 3.95% YoY & profit decreased by 6.67% YoY
Cartrade Tech Q4 Results Live : profit rise by 50.58% YOY
Cartrade Tech Q4 Results Live : Revenue increased by 51.54% YoY & profit increased by 50.58% YoY
Rapicut Carbides Q4 results : profit at 0.53Cr, Revenue increased by 7.72% YoY
Rapicut Carbides Q4 results : Revenue increased by 7.72% YoY & profit at 0.53Cr
IPL: McGurk, Porel and spinners keep Delhi Capitals afloat; beat Rajasthan Royals by 20 runs
Delhi Capitals secured a 20-run win over Rajasthan Royals to stay alive in the IPL play-offs race. Spinners Axar Patel and Kuldeep Yadav played a key role in the victory. Jake Fraser-McGurk and Abhishek Porel's power-hitting took DC to a challenging 221 for eight. The Royals, who were going strong, lost momentum after skipper Sanju Samson was dismissed in the 16th over, ending up at 201 for 8. Left-arm spinner Kuldeep and right-arm spinner Axar exhibited impressive control over line and length, giving away just 50 runs in their combined seven overs.
Postpone farmers' dole payout until polls: EC to Revanth Reddy government
Telangana CM's violation of MCC leads ECI to defer 'Rythu Bharosa' funds until after elections, citing interference with rabi crop instalments and attempts to influence voters.
The court criticised the State Licensing Authority for not taking proactive measures to ensure compliance with the suspension orders, stressing that the onus is on them to enforce the suspension effectively.
PB Fintech Q4 results: Firm back in black, PAT at 64 crore; revenue grows to 1,089.57 crore
The consolidated revenue for the quarter reached 1,089.57 crore, marking a notable increase of 25.36 per cent compared to 869.10 crore reported in the same period last year.
Bharat Forge patriarch refuses to part family wealth with children of estranged sister
In an affidavit filed on Monday in the civil court of Pune, Kalyani said Sameer Hiremath and Pallavi Swadi cannot ask for any partition of the assets or wealth owned by any Kalyani joint family entity.
Hero MotoCorp Q4 Results Preview: Net profit to grow by one-fifth, margin may expand by 100 bps
Hero MotoCorp Q4 FY24 Results Preview: Hero MotoCorp, whosepopular models include Splendor Plus, HF Deluxe, Passion Plus and Pleasure Plus, is estimated to register a 20 per cent year-on-year increase in quarterly net profit, according to Zee Business research. Hero MotoCorp is scheduled to report its financial results on Wednesday, May 8.
India's Kajaria Ceramics posts surprise Q4 profit drop on higher costs
India's Kajaria Ceramics reported a surprise drop in fourth-quarter profit on Tuesday, hurt by increased costs and weak demand.
United Breweries dividend: Beer maker UBL declares Rs 10 dividend alongwith Q4 results
United Breweries dividend: Simultaneously, UBL has also posted its financial results for the fourth quarter ended on March 31, 2024.
IGL net profit up 9% at 433 crore in Q4
However, the net profit of Indias largest compressed natural gas distributor fell 9 per cent on a sequential basis
Spectrum allocation for satcom delayed, reference to Trai after elections
Allocation of spectrum for satellite broadband services will take another four to six months, as the terms of reference may go out only after elections.
Delivered Maratha quota in 'record time', says Eknath Shinde; slams opposition MVA
Maharashtra Chief Minister Eknath Shinde has criticized the Maha Vikas Aghadi (MVA) for not fulfilling its promise of granting a 10% Maratha reservation to the community. Shinde claimed that the opposition coalition used the Maratha community for political gain and denied them reservation. He defended the government's decision, stating that the Maratha community was socially and economically backward. Shinde called for the opposition to support the government's decision and urged the community to benefit from the reservation.
Indian Bank aims to make over Rs 1 lakh crore digital transactions: MD & CEO Shanti Lal Jain
Indian Bank on Monday reported a 55 per cent jump in its net profit to Rs 2,247 crore for the January-March 2024 quarter as compared to a net profit of Rs 1,447 crore made last year.
Used truck market to stay in positive growth curve amid rise in prices of vehicles
Shriram Finance has guided 12 per cent growth in its commercial vehicle loan portfolio for FY25
Dr Reddys Q4 net profit rises 36% to 1,307 crore, surpasses market expectations
For the full year FY24, DRL reported a net profit of 5,568.4 crore, a 36% increase, and total revenues of 27,920 crore, up 14% on year, led by performances in North America, Europe, and emerging markets.
Indraprastha Gas Q4 dividend: IGL board recommends Rs 5 dividend, posts Q4 earnings
Simultaneously, the city gas distribution company IGL has also posted its financial results for the fourth quarter ended on March 31, 2024.
Gujarat Toolroom Q4 Results: Net profit grows to over Rs 50 crore
Gujarat Toolroom Q4 Results:Gujarat Toolroom Ltd (GTL)reported a multi-fold jump in consolidated net profit to Rs 50.29 crore for the March 2024 quarter, mainly due to higher income.
Atul Das moves on from Zee, Mangesh Kulkarni named business head
Last month, Zee's board of directors approved a new organizational framework suggested by Punit Goenka, the managing director and CEO.
Marico eyes double-digit revenue growth in FY25
Marico aims to 2x scale of foods business in FY27. Takes 6% price increase in Parachute Rigids The company aims to expand its food business, targeting a growth rate of over 20 per cent CAGR and scaling it to twice its current size by FY27
India sees 230% surge in ghost shopping malls: Report
Several shopping centers are struggling as an increasing number of consumers turn to online shopping and are shifting to larger centers for enhanced experiences.
Dixon Technologies' unit partners Nokia to manufacture telecom products
Dixon Technologies manufactures products for the consumer durables, lighting, and mobile phone markets in India.
An indelible ink maker looks to make a mark beyond the poll booth
The tiny PSU was founded in 1937 by Krishnaraja Wadiyar IV, maharaja of the kingdom of Mysore. Despite being in business for nearly nine decades, MPVL has not really tried to venture beyond its core businessthe indelible ink. But the winds of change are now blowing across the company.
IDFC Q4 results: Net profit declines 90% to 348 crore, revenue stood at 9.77 crore
IDFC's net profit witnessed a significant decline of 89.73% to 347.85 crore in the quarter ending March 2024, compared to 3,387.39 crore recorded in the preceding quarter ending March 2023.
After Patanjali rebuke, Supreme Court targets makers, endorsers of deceptive food and health ads
A Supreme Court bench has asked advertisers to submit self-declaration forms confirming compliance with cable TV rules and advertising codes before airing ads
Paytm: Two more top executives depart amid restructuring efforts
The resignations come amid the company's restructuring effort, which has led to several leadership changes in recent times
More high-level exits at Paytm, company says part of restructuring exercise
Last week, One97 Communications Ltd (OCL), which owns Paytm, announced plans to expand its leadership team to build a large and profitable payment and financial services distribution business.
Karnataka: Ex-CMs Bommai, Shettar lead BJP in fierce contest with Congress for 14 Seats in Phase 3
Dr Reddys Laboratories reports 36% growth in Q4 net profit
Names M V Narasimham as new CFO from August 1, 2024
Putin takes oath as President of Russia for record fifth time, says 'leading Russia a sacred duty'
Bangladesh vs Zimbabwe 3rd T20 Highlights: Bangladesh sets 166-run target in Chittagong
Bangladesh vs Zimbabwe 3rd T20 Highlights: In the third T20 clash between Bangladesh and Zimbabwe, Bangladesh posted a target of 166 runs for Zimbabwe to chase at Zahur Ahmed Chowdhury Stadium in Chittagong. Bangladesh achieved a score of 165-5 in 20 overs, led by Towhid Hridoy with 57 runs and Jaker Ali with 44. Zimbabwe's B. Muzarabani claimed 3 wickets for 14 runs. Zimbabwean captain Sikandar Raza chose to field first.
Dr Reddy's Q4 Results:Hyderabad-based drug maker Dr Reddy's Laboratories (DRREDDY) reported a 36.3 per cent year-on-year jump in consolidated net profit to Rs1,307 crore for the January-March period, missing analysts' estimates.
Nephew, niece have no claim over asset division: Baba Kalyani
Bharat Forge MD argues that nephew, niece belong to different Hindu undivided family
India's IIFL Finance facing liquidity crunch after gold loan business curbs: Report
In early March, the Reserve Bank of India (RBI) ordered IIFL Finance to stop sanctioning, disbursing and selling gold loans, citing material supervisory concerns in its gold loan portfolio.
Juniper Green Energy to supply 320 MW firm and dispatchable renewable energy to SJVN
The agreement sets the stage for the development of around 1 gigawatts (GW) capacity across Gujarat and Rajasthan
Hinduja's IIHL proposes changes to corporate structure in Reliance Capital takeover
When seeking these approvals, the Hinduja Group had proposed implementing the transaction through two companies it owns. It now wants to include four new companies in the resolution plan.
Blackstone, Temasek, Bain eye a big bite of Haldiram Snacks
The grandsons of Haldiram founder Ganga Bhishen Agarwal are evaluating a stake sale
Log analytical platform Parseable raises $2.75 million led by Peak XVs Surge, NP-Hard Ventures
The capital will be used to innovate handling log data generated by modern digital businesses, to speed up product development and deepen integration with other platforms
Fodder supplier Cornext raises $2.2 mn funding
Cornext supplies silage bales to dairy farmers, manufactures baling machines
The cloud is building; will TCS, Infosys, Wipro get showers of joy?
Microsoft Azure, AWS and Google Cloud clocked record new business in the March quarter, a promising turn for India's IT services firms that help move technology work from standalone data centres to those owned by cloud computing firms
Larsen & Toubro (L&T) Q4 FY24 Results Preview:Mumbai-headquartered construction major Larsen & Toubro is estimated to register a 3.1 per cent increase in consolidated net profit to Rs4,109 crore for the March quarter, according to Zee Business research.
LS Polls 2024: Locals of Assams Dhubri use boats to arrive at the polling booth to cast votes
What might come in the way of a BJP hat-trick in Maharashtra's Solapur
BJP trying to counter Congresss No-Development salvo by highlighting Centres funding in last 10 years
BPCL, HPCL to consider bonus share issue this week
In separate filings to the stock exchanges, the two firms said their boards will meet on May 9 to consider and approve the issuance of bonus shares
Prudent Q4 FY24 net profit up 10% on strong inflows
Growth in AUM was largely led by marked-to-market gains
National Broadcasting Policy is restrictive and heavy-handed, media industry bodies tell Trai
Several entities representing members of the film, television and streaming-video industries criticised the policy in comments to the telecom regulator, saying it was beyond Trai's remit and would harm free speech.
Share price of PI Industries falls as Nifty weakens
A total of 1,658 shares changed hands on the counter till 01:29PM (IST).
DGCA increases regional connectivity levy on airlines to Rs 6,500 per departure
The levy is charged on each departure of flights on aircraft having maximum take-off weight above 40 tonnes, except for routes in Himachal Pradesh, Uttarakhand and Ladakh, Jammu and Kashmir, Andaman and Nicobar Islands, and Lakshadweep
Data Patterns contributes Rs 29 lakh to Jayam Special School
Defence and aerospace electronics solution provider Data Patterns (India) Ltd has contributed Rs 29 lakh towards construction of a new building for Jayam Special School here, the company said on Tuesday.
Happiest Minds Tech Q4 profit up 25% to Rs 72 crore
Revenue from operations for the reporting quarter stood at Rs 417.29 crore, as against Rs 377.98 crore in Q4FY23, translating into a 10.4 per cent rise.
Flex office operators to ramp up expansion, deepen tier 2 presence this year
Co-working firms and managed office providers will expand in both metros and smaller cities in 2024-25 amid increasing demand for flexible offices
Hindustan Zinc Q4 dividend: Vedanta subsidiary announces Rs 10 dividend alongwith Q4 earnings
Hindustan Zincalso announced the record date of the dividend i.e. May 15, 2024.
For FMCG, rural markets finally deliver some cheer
Indias fast-moving consumer goods industry grew 6.6% in the March quarter as rural demand outpaced urban markets for the first time in 15 months
responsAbility to invest up to $35 million in AMPIN Energy Transition
responsAbility is a Switzerland based impact asset manager
Jaiprakash Associates defaults on 4,616 crore loan amid restructuring
JAL's total liabilities, including interest, stand at 29,805 crore, with repayment scheduled until 2037. Currently, 4,616 crore of this is overdue. The sum comprises a principal of 1,751 crore and interest payments of 2,865 crore.
TVS Capital's biggest fund yet could bet on zero-stage startups
TVS Capital's fourth fund has raised 1,700 crore so far and plans to announce its first close next month
JSW to launch 60,000-tonne lithium-ion cell project with Chinese tech partner
JSW's technology transfer agreement, expected within the next five to six weeks, comes in the backdrop of Indian and global firms increasingly looking to adopt Chinese expertise in advanced, cost-efficient battery tech for EVs
ICICI Bank on May 6 announced that it has enabled payment convenience for NRIs to use their international mobile numbers for making instant UPI payments in India. NRIs can make payments using the iMobile Pay app from ten countries, including the USA, UK, UAE, Canada, and Australia.
HUL, Dabur among 5 stocks with long buildup
A long buildup occurs when there is an increase in open interest and trading volumes alongside a rise in the price of the underlying stock in the Futures and Options segment.
Bajaj Holdings shares rise 0.81 per cent in Tuesday's trading session
The Relative Strength Index of the stock stood at 52.69 on Tuesday.
Apple is working on its own AI chip for data centers: Report
Apple Inc. has been developing a homegrown chip to run artificial intelligence tools in data centres, though its unclear if the semiconductor will ever be deployed, the Wall Street Journal reported.
KM Birla's daughter Ananya takes a break from her music gig to devote energy to business
Ananya Birla, founder of Svatantra Microfin, pauses her music career to prioritize business endeavors. Daughter of Aditya Birla Group's chairman, she manages key group companies and advocates mental health awareness through Mpower. With recent significant investments in Svatantra, she focuses on scaling her microfinance venture alongside her home decor brand Ikai Asai.
Tesla lays off more staff in software, service teams, Electrek reports
Tesla disclosed last month that it expects to book more than $350 million in costs in the second quarter for the mass layoffs
Sensex opens marginally higher tracking postive global cues; Nifty above 22,450
Among the constituents of the Sensex, HUL, ITC, Nestle India, Titan, and Wipro commenced the session on a positive note, whereas HCL Tech, Power Grid, JSW Steel, Tata Motors, and M&M started with losses.
Buy Birla Corporation, target price Rs 1800: Motilal Oswal
Birla Corporation Ltd. key Products/Revenue Segments include Cement, Jute Goods, Royalty Income, Other Operating Revenue, Export Incentives and Others for the year ending 31-Mar-2022.
Indian airlines eyeing a meatier pie; to carry half of countrys international traffic too by FY28
Indian airlines are aiming to deploy additional aircraft on short- and medium-haul international routes as well as leverage codeshare agreements with major global airlines, stated a CRISIL report.
Dr Reddys to announce Q4 FY24 results today
According to analysts, the company is likely to post 13% growth in revenue at around 7,136 crore
