Friday, November 15

Business

Tata Power Q4 results: Net profit gain 11% to Rs 1,046 Crore due to higher profits
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Business, Finance

Tata Power Q4 results: Net profit gain 11% to Rs 1,046 Crore due to higher profits

New Delhi: Tata Power on Wednesday reported 11% rise in its consolidated net profit in the March quarter to Rs 1,046 Crore compared to last year mainly due to higher profits. BSE filings showed consolidated profit stood at Rs 939 Crore for the quarter ending March 31, 2023. The company's total income in the quarter increased to Rs 16.464 Crore from Rs 13,325 Crore in the year-ago period. Consolidated net profit in fiscal 2023-24 rose to record Rs 4,280 Crore from Rs 3,810 Crore in the year-ago period, the company said in a statement. Total income will increase from Rs 56,547 Crore in FY 2024 to Rs 63,272 Crore in 2022-23.According to the statement, the market cap of the company has exceeded Rs 1.4 lakh Crore. The company achieved its highest ever revenue and EBITDA of Rs 61,542 Cror...
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Toyota Kirloskar Motor launches the Innova Crysta GX+; set new standards in comfort and performance
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Toyota Kirloskar Motor launches the Innova Crysta GX+; set new standards in comfort and performance

Toyota Kirloskar Motor (TKM) has once again raised the bar in the MPV segment with the introduction of the new Innova Crysta GX+ grade. Packed with 14 additional features, the GX+ grade embodies TKM's commitment to customer satisfaction, offering a perfect blend of functionality and style. The Innova Crysta GX+ is designed to cater to diverse customer preferences, featuring a rear camera, auto-fold mirrors, DVR, diamond-cut alloys, wooden panels, and premium fabric seats. Available in 7- and 8-seater options, this new grade comes in five vibrant colors, adding a touch of individuality to every journey.Mr. Sabari Manohar, Vice President of Sales-Service-Used Car Business at Toyota Kirloskar Motor, expressed, "The Innova brand has long been synonymous with quality and trust, setting indu...
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Dr Reddy’s profit after tax gain 36% to Rs 1,307 Crore, revenue Rs 7,083 Crore
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Dr Reddy’s profit after tax gain 36% to Rs 1,307 Crore, revenue Rs 7,083 Crore

Dr Reddy's Laboratories on Tuesday reported a 36% rise in its consolidated profit after tax to Rs 1,307 Crore for the quarter ending March 2024 due to strong sales in the US market. The Hyderabad-based drug major had reported a profit after tax of Rs 959 Crore in the January-March quarter of financial year 2022-23. Revenue increased to Rs 7,083 Crore in the period under review from Rs 6,297 Crore in Q4FY13. For the full year ending March 31, 2024, the drug major said its PAT increased to Rs 5,568 Crore compared to Rs 4,507 Crore in financial year 2022-23. Revenue increased to Rs 27,916 Crore in FY24, compared to Rs 24,588 Crore in FY23. “Our growth and profitability in FY2024 is driven by our performance in the US. We have also made significant progress on future growth drivers t...
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Samsung’s ‘Solve for Tomorrow’ event fuels innovation in Guwahati
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Business

Samsung’s ‘Solve for Tomorrow’ event fuels innovation in Guwahati

Samsung's 'Solve for Tomorrow' event witnessed an extraordinary display of youth innovation as over a hundred students from Guwahati showcased their environmental solutions at IIT Guwahati and the Royal Global University. The event, a national education and innovation competition, attracted enthusiastic participation from young minds committed to addressing pressing global issues. Students, aged 14 to 22, presented diverse solutions ranging from waste segregation to climate unpredictability. They emphasized the importance of platforms like 'Solve for Tomorrow' in guiding their ideas towards impactful solutions that benefit society.Dr. Jatin Wahane, a Karamveer Chakra recipient and esteemed rocket scientist, inspired attendees with his insights into transformative innovation. Samsung's ...
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Samsung’s ‘Solve for Tomorrow’ event fuels innovation in Guwahati
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Business

Samsung’s ‘Solve for Tomorrow’ event fuels innovation in Guwahati

Samsung's 'Solve for Tomorrow' event witnessed an extraordinary display of youth innovation as over a hundred students from Guwahati showcased their environmental solutions at IIT Guwahati and the Royal Global University. The event, a national education and innovation competition, attracted enthusiastic participation from young minds committed to addressing pressing global issues. Students, aged 14 to 22, presented diverse solutions ranging from waste segregation to climate unpredictability. They emphasized the importance of platforms like 'Solve for Tomorrow' in guiding their ideas towards impactful solutions that benefit society.Dr. Jatin Wahane, a Karamveer Chakra recipient and esteemed rocket scientist, inspired attendees with his insights into transformative innovation. Samsung...
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Yamaha’s ‘Call of Blue Weekend’ creates a roaring success in Shillong
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Business

Yamaha’s ‘Call of Blue Weekend’ creates a roaring success in Shillong

Yamaha enthusiasts in Shillong were treated to an electrifying experience as India Yamaha Motor Pvt. Ltd. (IYM) rolled out its much-anticipated "Call of the Blue" (COTB) Weekend event today at the Polo Parking Lot, Golf Link. With over 750 passionate Yamaha fans in attendance, the atmosphere was charged with excitement and anticipation. The event served as a platform for Yamaha aficionados to immerse themselves in the world of premium two-wheelers, showcasing the brand's latest models and cutting-edge technology. Activities such as the Gymkhana Ride and Wooden Plank Challenge allowed participants to demonstrate their riding skills and receive expert guidance for improvement, fostering a sense of community among attendees. Among the highlights were the stunning displays of Yamaha's S...
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NSE Q4 results: Profit upturn 20% to Rs 2,488 Crore
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NSE Q4 results: Profit upturn 20% to Rs 2,488 Crore

 The National Stock Exchange (NSE) on Friday reported :  20% year-on-year rise in consolidated net profit at Rs 2,488 Crore for the three months ending March 2024. NSE said in a statement that consolidated operating revenue in the January-March quarter of financial year 2023-24 stood at Rs 4,625 Crore, showing a growth of 34% year-on-year. Apart from trading, the exchange said the total profit was also supported by other revenue lines as well as listing, index services, data services and co-location facility. The NSE board has optional a dividend of Rs 90 per share (pre-bonus) for the financial year ending 2023-24, which equates to a payout of Rs 4,455 Crore. Also, the board has recommended issuing 4 bonus shares for every existing 1 share. This increase in the au...
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Etihad Airways expands interline partnerships with five airlines for seamless travel experience
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Business

Etihad Airways expands interline partnerships with five airlines for seamless travel experience

Eithad has collaborated with Kam Air in Afghanistan, Jeju Air in Korea, Myanmar Airways International, SKY express in Greece and Rex Airlines in Australia. Etihad Airways has established reciprocal interline collaborations with 5 new airline partners, further widening travel options for people across its expanding global network. The interline agreements provide customers of all airlines involved enhanced connectivity to destinations across each other's networks, allowing guests to book their entire journey on a single ticket and have their baggage checked through seamlessly to their destination. Arik De, Etihad's Chief Revenue and Commercial Officer, said, "We continue to broaden our network reach enabling seamless connection across our network, giving our guests a broader range...
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Vi unveils new international roaming packs for Azerbaijan and 12 other African countries
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Vi unveils new international roaming packs for Azerbaijan and 12 other African countries

Azerbaijan has experienced a significant increase in Indian tourists visiting the country in recent years. A 2023 study revealed a 100% increase in tourism, with 120,000 Indian visitors visiting Azerbaijan, a significant increase from the previous year. Vi, a leading telecom operator, has introduced new international roaming packs for Azerbaijan and 12 other African countries to cater to the country's growing popularity. Vi Postpaid users can now enjoy seamless connectivity in Azerbaijan and African countries with international roaming packs starting at just Rs 749 for travelers to Cameroon, Sudan, Rwanda, Ivory Coast, Liberia, and South Sudan.  Vi Postpaid users will have a variety of options including a 24-hour pack, a 10-day pack, a 14-day pack, and a 30-day pack to stay con...
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Share of Russian crude in India’s imports progress to nearly 40% in April
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Business, Finance

Share of Russian crude in India’s imports progress to nearly 40% in April

Russia increased its share of Indian crude imports from 30% in March to nearly 40% in April, closing at its all-time peak of 42% last July, as higher global oil prices forced Indian refiners to seek concessional Russian oil, inspired to increase barrel intake to reduce their average crude oil purchasing cost. Indian refiners imported 1.78 million barrels per day (mb/d) of crude oil from Russia in April, up 19% from March, according to energy cargo tracker Vortexa.
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