SRF Q4 profit falls 25 per cent to `422 crore

SRF Q4 profit falls 25 per cent to `422 crore

Wednesday, 08 May 2024 | PTI | New Delhi

Chemical firm SRF Ltd on Tuesday reported a 25 per cent decline in its net profit to Rs 422 crore for the quarter ended March 2024 on lower income. “The company’s Profit After Tax (PAT) decreased 25 per cent from Rs 562 crore to Rs 422 crore in Q4FY24 when compared...

P note investments surge to near six years high at Rs 1.5 lakh crore

Tuesday, 07 May 2024 | PTI | New Delhi

Investments through participatory notes in the Indian capital markets reached Rs 1.5 lakh crore at the end of February, making it the highest-level in nearly six years, driven by a strong performance of the domestic economy. The latest data includes the value of P-note investments in Indian equity, debt, and hybrid...

Indian airlines to have 50 per cent market share in international passenger traffic by FY’28: CRISIL

Tuesday, 07 May 2024 | PTI | Mumbai

As much as half of the country’s international air passenger traffic is expected to be catered by Indian airlines by financial year 2027-28, credit ratings agency CRISIL said on Monday. The share of Indian airlines in international passenger traffic, including originating or terminating as well as the traffic transitioning through the...

Rupee falls 5 paise to close at 83.50 against US dollar

Tuesday, 07 May 2024 | PTI | Mumbai

The rupee pared its initial gains and settled for the day 5 paise lower at 83.50 (provisional) against the US dollar, weighed down by elevated crude oil prices. Forex traders said a weak trend in domestic equities also dented investor sentiments. At the interbank foreign exchange, the local unit opened at 83.43,...

Brand India more mature, fearless brand than it used to be

Tuesday, 07 May 2024 | PTI | Santa Clara

India has made its mark as the startup capital of the world and “Brand India” has emerged as a more mature and fearless brand than it used to be two decades ago, a top marketing leader has said. India has made its mark in the startup nation category. So many great...

BSNL to launch 4G services across India in August

Tuesday, 07 May 2024 | PTI | New Delhi

State-owned BSNL will start rolling out 4G services across the country from August, using completely indigenous technology in line with the government’s “Atmanirbhar” policy, according to official sources. BSNL officials claimed to have recorded peak speed of 40-45 megabit per second on the 4G network which has been rolled out...

FADA, Frost & Sullivan team up for study to analyse domestic PV segment

Tuesday, 07 May 2024 | PTI | New Delhi

Automobile dealer’s body FADA on Monday said it has joined hands with Frost & Sullivan for a study to analyse various aspects of customer journey, encompassing sales, after-sales and product quality across the domestic passenger vehicle industry. The Customer Experience Index (CEI) study will target various segments like hatchbacks, sedans, SUVs,...

Sensex closes flat, Nifty slips on profit taking by investors

Tuesday, 07 May 2024 | PTI | Mumbai

Benchmark Sensex closed almost flat in a range-bound trade on Monday as investors booked profits in index heavyweights amid high valuation concerns. The 30-share BSE Sensex edged up 17.39 points or 0.02 per cent to settle at 73,895.54. The barometer hit a high of 74,359.69 and a low of 73,786.29. The...

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