Mumbai: Abans Holdings, a diversified financial services company, on Tuesday said it booked a consolidated net profit of Rs 89.2 crore during the financial year 2024 (FY24), compared to Rs 70 crore during the previous financial year, an increase of 27.4%. The company reported 18.6% growth in consolidated total income during FY2024 to Rs 1,380…
Petroleum-based lubricants used in internal combustion engines (ICEs) are being threatened by the growing trend of electric vehicles (EVs), which run on batteries instead of engines. Gulf Oil Lubricants India Limited, part of the Hinduja Group-owned Gulf Oil International, is a leading player in the domestic lubricants market and is valued at around Rs 4,500…
India’s industrial output growth slowed marginally to 4.9% in March 2024 mainly due to poor performance by the mining sector, according to official data released on Friday.Factory output growth, measured in terms of the Index of Industrial Production (IIP), stood at 5.6% in February 2024. However, in March 2023 it was 1.9%.For fiscal year 2023-24,…
On Friday State-owned Bank of Baroda reported: a marginal 2.3% grow in net profit to Rs 4,886 Crore for the Q4 ending March 2024.A year before, the bank had earned a net profit of Rs 4,775 Crore in the January-March quarter. Total income during the quarter under review increased to Rs 33,775 Crore from Rs…
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…
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….
Loss-making Air India has reduced the free cabin baggage allowance for the lowest economy fare segment on domestic flights from 20 kg to 15 kg. The changes have been made to fare families, a menu-based pricing model introduced by Tata Group-owned Air India last August. The airline has said that a one-size-fits-all approach is no…
The government on Friday imposed 40 percent duty on onion export. It also exempted duty on import of desi chana till March 31, 2025. Additionally, it has extended duty exemption on imports of yellow peas covered by bills of entry issued on or before October 31, 2024.The Finance Ministry said in a notification that the…
The Organization for Economic Co-operation and Development on Thursday raised India’s FY2025 growth forecast to 6.6% from an earlier estimate of 6.2%. “Despite relatively sluggish private consumption growth, strong investment and improving business confidence in India are projected to propel real GDP growth to more than six and a half per cent in both FYs…
A 67 year-old father and his 41 year-old daughter are undergoing treatment in critical condition after eating chicken rice. The hotel providing rice was sealed by the district administration on Wednesday, May 1, 2024. On Tuesday night, Bhagavathi (20), a Devarayapuram resident and engineering student, had dinner at a hotel run by Jeevanandam (32) near…
