CATEGORIES

DMart Q4 results: Net up 8%, higher costs dent margins

Company posts ₹460 crore net profit in Q4FY23

JioCinema now paid service, with cheapest premium plan

HBO, Warner Bros shows for ₹999 a year

Be it compact or micro, it's the SUV tag that matters

Aspirational demand leads to affordable new sub-segment

Two Adani firms to raise up to ₹21k cr

AEL to raise up to ₹12,500 cr; ATL to generate about ₹8,500 cr

CONG DOWNSIZES BJP IN KARNATAKA

Bommai takes responsibility for BJP's defeat

Forex reserves hit 11-month high

INDIA'S FOREIGN EXCHANGE reserves rose for the second week in a row to hit an over 11-month high of $595.98 billion for the week ended May 5, the Reserve Bank of India's (RBI) statistical supplement showed on Friday.

Sebi seeks regulating fractional ownership platforms

THE SECURITIES AND exchange Board of India has come out with a consultation paper to regulate platforms offering fractional ownership of real estate assets. Such fractional ownership of real estate assets is proposed to be brought as MSM REITS under Sebi (Real Estate Investment Trusts) Regulations, 2014.

Cooling of CPI very satisfying: RBI guv

MONETARY POLICY ON RIGHT TRACK

KFC, Pizza Hut operator's profit halves

SAPPHIRE FOODS INDIA, the operator of KFC and Pizza Hut restaurants, reported a 57% decline in fourth-quarter earnings on Friday, on higher expenses and stiff competition at a time when people also cut back on discretionary spending.

Cipla posts 45% jump in Q4 profit

CIPLA, INDIA'S THIRD LARGEST drugmaker by sales, reported a 45.2% increase in fourth-quarter profit on Friday, driven by strength in its key domestic and North American drugs business.

DLF profit jumps 40% as sales soar

The residential business delivered a record performance by clocking new sales bookings of ₹8,458 crore

Softer input prices hit Vedanta profit

EARNINGS FALL 57% IN JANUARY-MARCH

IndiGrid buys Virescent for up to ₹4,000 cr

INFRASTRUCTURE INVESTMENT TRUST India Grid Trust (IndiGrid), India's first listed power sector infrastructure investment trust (InvIT), on Friday said it has signed a share purchase agreement for the acquisition of 100% of the units of Virescent Renewable Energy Trust (VRET) at an enterprise value of up to ₹4,000 crore for cash consideration.

Passenger vehicle sales revv up to historic highs in April

DOMESTIC SALES OF passenger vehicles (PVS) was the highest recorded in any April, according to the Society of Indian Automobile Manufacturers (SIAM).

Improve credit delivery: DFS secy to RRBs

THE FINANCE MINISTRY on Friday urged regional rural banks (RRBs) to further improve their performance in achieving financial inclusion and credit delivery in rural areas.

IIP growth falls to five-month low of 1.1% in March

FACTORY OUTPUT, AS measured by the index of industrial production (IIP), slowed to a five-month low in March on the back of negligible growth in manufacturing and a contraction in electricity generation. The index grew by 1.1% in March as against a robust 5.8% (revised) in February. It had expanded by 2.2% in March 2022.

Go First fiasco: India on global leasing body's watchlist

GLOBAL AVIATION LEASING body Aviation Working Group (AWG), which monitors leasing and financial laws on behalf of aircraft manufacturers and lessors, has put India on a watchlist with a negative outlook.

Ex-NBC ad chief Linda Yaccarino is Twitter CEO

ELON MUSK HAS confirmed that the new CEO for Twitter, or X Corp as it's now called, will be NBC Universal's Linda Yaccarino, an executive with deep ties to the advertising industry.

Tata Motors tops estimates; Q4 net profit at ₹5,408 cr

TATA MOTORS POSTED a consolidated net profit of ₹5,407.79 crore for the fourth quarter ended March 31, beating Street expectations, on a strong demand for its vehicles in India and improved supplies at Jaguar Land Rover (JLR).

Adani probe: SC gives Sebi 3 more months

MARKETS REGULATOR SOUGHT SIX MONTHS. COURT TO HEAR THE MATTER ON MONDAY

SC gives Delhi govt total control over services

STATING THAT IN a democracy, \"the real power of administration must reside in the elected arm of the state\", the Supreme Court on Thursday held that the state government will have legislative and executive control over administrative services in the National Capital Territory (NCT) except with regard to public order, police and land, the three areas expressly excluded under List II (state list) of the Constitution.

Floor test not justified, but can't restore Uddhav govt: Apex court

THE SUPREME COURT on Thursday said former Maharashtra governor Bhagat Singh Koshyari's decision to ask then chief minister Uddhav Thackeray to prove his majority on the floor of the house was \"not justified\", but said it cannot restore his government since he did not face the floor test.

WhatsApp to get spam call notice

MEITY ACTION SOON

BoE raises key rate to 4.5%, hints at further hikes

Borrowing costs highest since 2008

Pak SC calls Imran's arrest illegal, orders his release

IN A MAJOR Pakistan's relief for Imran Khan, Supreme Court on Thursday declared the former prime minister's arrest \"illegal\" and ordered his immediate release after he was produced before a bench on its orders.

NSE readies to launch WTI crude oil, natural gas futures contracts

THE NATIONAL STOCK Exchange is launching the rupee-denominated NYMEX WTI Crude Oil and Natural Gas futures contracts in its commodity derivatives segment on May 15.

PSBs remain bullish on MSMEs, to keep growing loan book

Credit growth was between 4% and 27% during Jan-March qtr

Metro completes sale of India biz to Reliance Retail

METRO AG, THE German retailer, on Thursday said that it had completed the sale of its India operations, including all 31 wholesale stores and the entire real estate portfolio (6 store occupied properties), to Reliance Retail Ventures. The equity valuation of the deal was pegged at nearly ₹2,700 crore.

Asian Paints Q4 profit up 45%, beats estimates

ASIAN PAINTS ON Thursday said its consolidated net profit rose 45.1% year-on-year (y-oy) to ₹1,234 crore in the fourth quarter of FY23, beating Street estimates by a wide margin. Bloomberg consensus estimates had pegged net profit at ₹1,140 crore for the period.

IT firms shifting focus to tier 2, smaller cities

MOVE TO HELP CUT ATTRITION, REAL ESTATE COST