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'You don't need to prove your patriotism': Yogeshwar Dutt in support of Neeraj Chopra after social media - Times of India
- 'You don't need to prove your patriotism': Yogeshwar Dutt in support of Neeraj Chopra after social media Times of India
- Neeraj Chopra breaks silence on inviting Pakistan's Arshad Nadeem for NC Classic: 'Questioning my love fo Times of India
- ‘Neeraj Chopra, you are a soldier’: Yogeshwar Dutt hails Golden Boy amid backlash after Pahalgam terror attack Mint
- Neeraj Chopra ends silence on inviting Arshad Nadeem to India amid Pahalgam terror attack: 'Hurts to see my integrity…' Hindustan Times
- Neeraj Chopra Classic 2025 international entry list revealed — Names and details Sportstar
Adobe vs Canva—Who’s Shaping the Future of Creative AI in India? - Analytics India Magazine
- Adobe vs Canva—Who’s Shaping the Future of Creative AI in India? Analytics India Magazine
- Adobe Firefly: The next evolution of creative AI is here Adobe
- Adobe adds AI models from OpenAI, Google to its Firefly app ET CIO
- Adobe unveils Clip Maker, Dynamic Animation and other AI-powered features for Express Hindustan Times
- Adobe unveils Firefly mobile app and Image Model 4 with advanced creative tools FoneArena.com
Pakistani Actress And Fawad Khan's Co-star Mahira Khan Invites Netizens' Fury For Deleting Post Condemning Pahalgam Attack - Republic World
- Pakistani Actress And Fawad Khan's Co-star Mahira Khan Invites Netizens' Fury For Deleting Post Condemning Pahalgam Attack Republic World
- After Fawad Khan and Hania Aamir, Pakistani actor Mahira Khan shares a post on Pahalgam attack but deletes it later Hindustan Times
- Pahalgam Terror Attack: FWICE demands blanket ban on Pakistani artistes; says 'Nation comes first' Times of India
- WHAT! Fawad Khan Was Paid Rs 10 Crore For His Bollywood Comeback With Abir Gulaal- News18 News18
- Abir Gulaal Songs Deleted From YouTube After Pahalgam Terror Attack NDTV
Can songs derived from classical music compositions infringe Copyright? Delhi High Court answers in AR Rahman case - Bar and Bench
- Can songs derived from classical music compositions infringe Copyright? Delhi High Court answers in AR Rahman case Bar and Bench
- Delhi HC directs A R Rahman, Ponniyin Selvan 2 makers to deposit ₹2 cr in copyright case Hindustan Times
- Delhi HC finds AR Rahman’s ‘Veera Raja Veera’, Dagar composition ‘identical’ The New Indian Express
- AR Rahman, Madras Talkies face music in copyright dispute over PS2 song The Indian Express
- AR Rahman song identical to Dagar bros' work: Delhi HC Times of India
Major crackdown on immigrants in Gujarat: Over 500 Bangladeshi nationals detained - Times of India
- Major crackdown on immigrants in Gujarat: Over 500 Bangladeshi nationals detained Times of India
- Pahalgam terror aftermath: 1,024 Bangladesh nationals detained in Gujarat, Minister Sanghavi calls it ‘historic victory’ The Indian Express
- More than 450 illegal immigrants detained during crackdown in Ahmedabad Deccan Herald
- Fake IDs, expired visas: Gujarat launches major operation against illegal immigrants, over 550 detained India TV News
- Over 1,000 illegal Bangladeshi immigrants detained in crackdown at Ahmedabad, Surat Hindustan Times
Maruti Q4 profit misses estimates, expenses a drag
Maruti Suzuki, India's largest carmaker, Friday reported a 4.3% decline in standalone net profit for the fiscal fourth quarter, missing Street estimates, as higher revenues outweighed an increase in expenses. Profit however touched a record in the just-ended financial year.Profit in the three months ended March 31 fell to ₹3,711.1 crore from ₹3,877.8 crore a year earlier. Brokerage Nomura had estimated the company to report a 2% rise in quarterly net profit at ₹3,962 crore. Revenue was projected to reach ₹40,943 crore, backed by a 4% growth rise in car sales.Maruti's net sales increased 5.9% to ₹38,848.8 crore in the March quarter. Total expenses climbed 8.7% to ₹37,328.7 crore during the quarter.The Suzuki Motor Corp unit sold 604,635 vehicles during the period, which it said is a quarterly record. While local sales grew at a modest 2.8% to 519,546 units, exports rose 8% to 85,089 units.120636618During the year ended March 31, Maruti posted its highest-ever net profit of ₹13,955.2 crore. It marked a 5.6% increase from ₹13,209.4 crore in FY24. Net sales grew 7.5% to ₹145,115.20 crore in FY25."We have done better this year than in the past despite the fact that the domestic market has been very soft and the growth extremely limited," RC Bhargava, chairman of Maruti Suzuki India said, adding, "For a country which is growing and has a vehicle penetration of 34 per 1,000 households-lowest among all other countries in the region-this is a question of worry."Bhargava said sales are unlikely to grow sharply this fiscal year though Maruti Suzuki will try and outpace the industry. "We are doing better because of exports, which have been buoyant. In the upcoming year, the situation is expected to be similar. Our exports are expected to increase by 20%. That will be the main driver of production, sales and profits," he said.The maker of Alto and Celerio cars sold 2,234,266 vehicles last fiscal-1,901,681 vehicles locally and exports of 332,585 vehicles. Modest domestic sales growth of 2.7% in FY25 was compensated by a healthy 17.5% export growth, driving total growth of 4.6% for the full year.Bhargava said lower small car sales-declining 9% in FY25-impacted India's auto industry volumes. "Without the revival of the small car market, growth in the domestic industry will remain muted. To buy a car priced over ₹10 lakh, you need to have an annual household income of more than ₹12 lakh. How can the car market get to high growth when 88% of households earn less than $14,000 a year," he emphasised.He said as much as 60-70% of consumers currently do not have the option to buy a car due to affordability issues.Bhargava noted that while income tax exemptions in the budget will aid in some savings, it is not sufficient to spur purchases in the small car segment due to prevailing high costs. The cost of small cars due to regulatory changes has gone up by ₹90,000 over the last few years.Overall, Bhargava said the domestic automobile industry can record healthy gains only if each segment posts increased sales. "SUVs, of course. But we need the small car segment to grow also. If customers want a small car which looks like an SUV, we have to do that. We cannot dictate taste. But small cars (irrespective of body type) have to grow", he said.
Categories: Business News
After Pahalgam attack, Amit Shah tells states: Track, send back all Pakistani nationals - The Indian Express
- After Pahalgam attack, Amit Shah tells states: Track, send back all Pakistani nationals The Indian Express
- Pahalgam Terror Attack Live Updates: After Pahalgam attack, security forces detain 175 in Anantnag amid day-night anti-terror raids Times of India
- Indus treaty on hold, but when can India turn off Pakistan's tap completely? India Today
- A gathering storm: On India’s diplomatic actions against Pakistan The Hindu
- Indus Waters Treaty, Simla Agreement ‘in abeyance’: What this means The Indian Express
Reliance fires on all cylinders, powering profit past 6% in Q4FY25
Mumbai: Reliance Industries Ltd (RIL) posted a 6.4% rise in March-quarter net profit from a year ago, exceeding estimates on the back of revenue growth in the oil-to-chemicals and consumer-facing units. The oil-to-telecom conglomerate posted profit after tax of ₹22,611 crore, up from ₹21,243 crore a year ago. Profit after tax for the full fiscal year rose 3% to ₹81,309 crore from ₹79,020 crore.RIL, which became the first Indian company to hit the milestone of ₹10 lakh crore net worth, said net profit attributable to owners of the company rose 2% to ₹19,407 crore in the March quarter from ₹18,951 crore a year earlier.A Bloomberg survey of analysts had pegged profit in the fourth quarter at about ₹18,471.40 crore.Revenue rose 8.8% to ₹2.88 lakh crore from ₹2.67 lakh crore in the year-ago period. FY25 revenue rose 7% to ₹10.71 lakh crore. Ebitda rose 2.9% year-on-year to ₹1.83 lakh crore. "FY2025 has been a challenging year for the global business environment, with weak macroeconomic conditions and a shifting geopolitical landscape," RIL chairman and managing director Mukesh Ambani said in a statement. RIL's focus on operational discipline, customer-centric innovation and fulfilling India's growth requirements helped Reliance deliver a steady financial performance during the year, he said. Nod for Raising ₹25k cr via NCDs | page 8 The board recommended a dividend of ₹5.5 per share. The RIL stock had ended at ₹1,300, down 0.12% on the BSE Friday. The benchmark Sensex closed 0.74% lower. Results were announced after market hours. In a separate announcement, RIL said its board approved a fundraising plan of ₹25,000 crore through the issuance of listed, secured/unsecured, redeemable non-convertible debentures (NCDs) in one or more tranches on a private placement basis. The firm will also buy a 100% stake in Kandla GHA Transmission Ltd (KGTL) from PFC Consulting Ltd for an aggregate consideration of ₹20 crore. After the deal, KGTL will become a wholly owned subsidiary. It said in a filing, "This is in accordance with the terms of the tender awarded to the company, for the establishment of turnkey construction of 765/400kV GIS substation at Kandla including transformers and reactors, 765kV transmission lines between Halvad and Kandla, 765kV bay extension at Halvad & Statcom." Jio PlatformsJio Platforms Ltd (JPL), which houses Reliance Industries' telecom and digital businesses, posted a 25.7% year-on-year rise in fiscal fourth-quarter net profit, boosted by the tariff hikes of July 2024, backed by strong subscriber additions that boosted data use.The higher headline tariffs helped Jio boost March quarter average revenue per user (ARPU) 1.4% sequentially to ₹206.2 from ₹203.3 previously. Analysts said the limited ARPU growth showed the company was yet to derive the full benefit of tariff increases made last July because most users were consuming data for free, owing to bundled plans.JPL's consolidated net profit climbed to ₹7,022 crore in the March quarter from ₹5,587 crore a year earlier, and ₹6,861 crore in the preceding three-month period. The company reported a 17.8% on-year growth in revenue from operations to ₹39,853 crore for the just-ended quarter, reflecting continued data usage and ramp-up of 5G-based fixed wireless access (FWA) services.Oil to chemicalsSegment revenue during the quarter rose 15.4% to ₹1.65 lakh crore due to higher volumes and increased domestic product placement. For FY25, it increased by 11% to ₹6.27 lakh crore primarily on account of higher volumes and increased domestic product placement. Segment Ebitda for FY25 was lower at ₹54,988 crore due to a significant weakness in transportation fuel cracks and subdued downstream chemical deltas."The oil-to-chemicals (O2C) business posted a resilient performance despite considerable volatility in energy markets. Significant demand-supply imbalances in downstream chemicals markets have led to multi-year low margins," said Ambani, adding that RIL's business teams ensured optimisation of integrated operations and feedstock costs to enhance margin capture across value chains.Oil and gasIn the fourth quarter, oil and gas segment revenue was down 0.4% on account of lower gas production and oil offtake from KGD6. FY25 revenue was up 3.2% from FY24 mainly on account of higher volumes of KGD6 and coalbed methane (CBM). This was partly offset by lower gas and condensate price realisations, the company said. "The oil and gas business recorded its highest ever annual Ebitda led by higher production from our KGD6 and CBM blocks," Ambani said.RetailReliance Retail recorded gross revenue of ₹3.31 lakh crore for FY25, a growth of 7.9% over last year. In FY25, the business focused on a strategic recalibration of the store network, aimed at improving operational efficiencies and long-term sustainability. March-quarter net profit rose 30% from a year earlier to ₹3,519 crore, while gross revenue increased 16% to ₹88,620 crore."The quick hyperlocal deliveries initiative has also gained significant traction in the market, connecting strongly with the users," Ambani said. "Our suite of omni-channel offerings and wide-spread presence will enable Reliance Retail to continue delivering superior value to all its customers." New energyOn the new energy front, RIL chief financial officer Srikanth Venkatachari said on a conference call, "We have commissioned the first gigawatt-scale solar module. It's BIS certified already and the largest, from a size point of view, at 720 megawatt peak. It's possibly the largest panel that we have." RIL is building four gigafactories in the new energy space with the first of these manufacturing solar photovoltaic (PV) modules.
Categories: Business News
Virginia Giuffre, who accused Britain’s Prince Andrew in Epstein sex trafficking scandal, dies - The Hindu
- Virginia Giuffre, who accused Britain’s Prince Andrew in Epstein sex trafficking scandal, dies The Hindu
- Prince Andrew, Epstein Accuser Virginia Giuffre Dies By Suicide NDTV
- Virginia Giuffre, Prince Andrew and Jeffrey Epstein accuser, dies by suicide BBC
- Virginia Giuffre, one of Jeffrey Epstein's most prominent abuse survivors, dies by suicide NBC News
- Elon Musk's Grok claims Virginia Giuffre's suicide news is ‘false’ Hindustan Times
'Break All Cricket Ties With Pakistan': Ex-BCCI President Sourav Ganguly Blunt After Pahalgam Terror.. - NDTV Sports
- 'Break All Cricket Ties With Pakistan': Ex-BCCI President Sourav Ganguly Blunt After Pahalgam Terror.. NDTV Sports
- India should break all cricketing ties with Pakistan: Sourav Ganguly India Today
- India-Pakistan ties: What lies ahead in ICC, ACC events? Cricbuzz.com
- No More India vs Pakistan In World Cup Group Stage After Pahalgam Terrorist Attack? Report Claims, ".. NDTV Sports
- BCCI have not written to ICC regarding playing with Pakistan at global events; wait and watch situation for now: Report Hindustan Times
Shreya Ghoshal follows Arjit Singh, cancels Surat concert after Pahalgam terrorist attack; ticket holders assured refund - Hindustan Times
- Shreya Ghoshal follows Arjit Singh, cancels Surat concert after Pahalgam terrorist attack; ticket holders assured refund Hindustan Times
- Arijit Singh CANCELS Chennai concert, and Anirudh Ravichander pauses Bengaluru concert ticket sales after Times of India
- Music industry mourns: Shreya Ghoshal, Arijit Singh cancel concerts, AP Dhillon postpones release after Pahalgam tragedy Hindustan Times
- Guru Randhawa Postpones Announcements Or Releases In Honour Of Lives Lost In Pahalgam Terror Attack- News18 News18
- Tollywood film shoots get canceled in Jammu and Kashmir 123telugu.com
Revanth Reddy, joined by Owaisi, urges PM Modi to ‘divide Pak, merge PoK with India’ - Hindustan Times
- Revanth Reddy, joined by Owaisi, urges PM Modi to ‘divide Pak, merge PoK with India’ Hindustan Times
- "Remember Indira Ji...Merge PoK With India": Revanth Reddy To PM Modi NDTV
- IMA Telangana urges doctors to observe two-minute silence on April 26 for Pahalgam terror attack victims The Hindu
- Telangana bar council condemns terrorist attack on Pahalgam tourists Times of India
- ‘Time for a muh tod jawab, split Pakistan, take back PoK’: Revanth backs Modi; Owaisi joins candlelight vigil The New Indian Express
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