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Tech Mahindra’s PAT declines 51 per cent to Rs 2,358 crore in FY24

Apr 25, 2024

New Delhi, April 25 (IANS) IT software major Tech Mahindra on Thursday reported its consolidated profit after tax (PAT) at Rs 2,358 crore for FY24, down 51.2 per cent (year-on-year).The revenue for the last fiscal year was Rs 51,996 crore, down 2.4 per cent (YoY), while EBITDA was at Rs 4,965 crore, down 38.2 per cent (YoY).On a quarterly basis,…

Indian rupee to appreciate to Rs 82–82.50 in FY25: CARE Ratings

Apr 25, 2024

Chennai, April 25 (IANS) The Indian rupee is expected to appreciate to about Rs 82–82.50 in FY25 while in the near term, it will trade between Rs 83-83.50 against the US dollar, a top economist with CARE Ratings said.According to Chief…

Business

BMW’s another all-electric car launched in India

Apr 25, 2024

New Delhi, April 25 (IANS) Luxury car maker BMW on Thursday launched another all-electric car, BMW i5 M60 xDrive, in India at an ex-showroom price of Rs 1,19,50,000. The new car comes available in Alpine White as non-metallic paintwork and…

Business

ICEA shares blueprint for India to become a global leader in chip value chain

Apr 25, 2024

New Delhi, April 25 (IANS) As India embarks on its ambitious semiconductor journey, providing strategic support for chip design firms, bridging the skill gap, enhancing funding mechanisms, leveraging global opportunities and investing in…

Business

1 in 4 Indians came across political content that turned out to be deepfake: Report

Apr 25, 2024

New Delhi, April 25 (IANS) Nearly one in four Indians (22 per cent) have said they recently came across political content they later discovered to be deepfake, a new report revealed on Thursday.According to the cyber security company…

Business

Audi hikes prices by up to 2 pc across its model range in India

Apr 25, 2024

New Delhi, April 25 (IANS) German luxury car manufacturer Audi on Thursday announced a price hike of up to two per cent across its model range in India owing to rising input and transportation costs. The price hike will be effective from…

Business

Mahadev betting scam: Actress Tamannaah Bhatia summoned by Maha Police

Apr 25, 2024

Mumbai, April 25 (IANS) Bollywood actress Tamannaah Bhatia has been summoned by the Maharashtra Cyber Police for the ongoing investigations into the multi-crore Mahadev online gambling and betting scam, officials here said on Thursday.…

Business

Kotak Bank goes into damage-control mode after RBI ban

Apr 25, 2024

Mumbai, April 25 (IANS) The top management of Kotak Mahindra Bank has gone into damage-control mode after RBI barred the lender on Wednesday from taking new customers online and issuing fresh credit cards with immediate effect. According…

Business

FIIs sold equity worth Rs 25,853 crore in last seven days

Apr 25, 2024

New Delhi, April 25 (IANS) While foreign institutional investors (FIIs) sold heavily in the past few days, the selling has been countered by domestic funds. During the last seven days, FIIs sold equity worth a massive Rs 25,853 crores but…

Business

Will make India our global export hub: Hyundai Motor chief

Apr 25, 2024

New Delhi/Seoul, April 25 (IANS) The chief of Hyundai Motor Group recently visited India and laid out a vision to bolster its operations there to utilise the country as a key export hub for the South Korean automaker, the group said on…

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