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«We had to provide for some arrears of wage revision which is impending, almost about 32 crores, arrears for gratuity. There has been a slight change in the way we calculate gratuity,» says Tribhuwan Adhikari, MD & CEO, LIC Housing Finance. Q4 clearly has been a good quarter for you. Your NII, PPOP all look good, but there is a slight dip in your PAT as well. Help us understand what is really weighing in on the profitability, given that teething issues one was seeing around your new technical software and your organisational structure now seem to have been resolved. I would say we maintained our profit before tax of Q3 as compared to Q4. Yes, for the year the profits have been good. Nothing really weighing on the profits as such. Yes, there were some one-off expenses in Q4 which probably weighed on our net profit.

NCC surged almost 8 percent in intra-day deals on Thursday after the firm posted strong results for the quarter ended March 2024 (Q4FY24). The construction company’s net profit rose 25.2 percent year-on-year (YoY) to ₹239.2 crore in the fourth quarter of FY24 as against ₹191 crore in the same quarter last year (Q4FY23). Meanwhile, its revenue jumped 31 percent YoY to ₹6,485 crore in Q4FY24 versus ₹4,949 crore in Q4FY23.

₹223 and ₹235 per equity share with a face value of ₹10 each. The lot size for the Rulka Electricals IPO is 600 shares.

initial public offering (IPO) of office sharing startup Awfis Space Solutions is set to open for subscription on May 22. The company has fixed a price band of Rs 364-383 apiece for the upcoming share sale. The subscription for the issue will conclude on May 27, with the anchor book opening on May 21. The firm is anticipated to list on stock exchanges on May 30.

Summer—a time for relaxation, adventure, and a well-deserved break for young adults. While it's tempting to indulge in leisure activities, this season also presents a golden opportunity to kick-start your financial journey. 

Equity markets declined in a volatile trade on Wednesday. The 30-share Sensex declined 117 points to settle at 72,987 and the broader Nifty dipped 17 points to close at 22,200. Stocks that were in focus include names like Siemens India, which rose 6.33%, Oil India, which jumped 1.98%, and LIC, whose shares increased 6.82% on Wednesday.

Organizers of Spain’s Princess of Asturias Awards have awarded the prize for the social sciences to Canadian historian and writer Michael Ignatieff

Raj Thackeray ‘not bonded by fevicol yet: Shiv Sena recently invited MNS chief Raj Thackeray to address a rally in support of its Lok Sabha candidates Shrikant Shinde (CM Eknath Shinde's son) and Naresh Mhaske. Before Thackeray, Shinde said how partners BJP, Sena and NCP, including MNS that is supporting the coalition from outside, are 'bonded by fevicol'. However, Thackeray spoke against migrants and NCP's Chhagan Bhujbal for 'splitting' Shiv Sena several years ago. While crowds and Sena and BJP leaders were startled, Thackeray said he could speak his mind as he was supporting from outside. «They still haven't put fevicol on me,» said Thackeray. Adopting Ways to Woo Voters The prime minister and BJP have always adopted several innovative ways to reach out to voters. NaMo app is promoting blue, orange and white t-shirts and caps to seek votes for the party. The slogan #PhirEkBaarModiSarkar, #ModiKaParivar, #ModiHaiToMumkinHai and #ModiKiGuarantee are written on the merchandise and people can book them through the app. Also available are mugs, badges and wristbands. The famous Modi masks which were worn by his supporters at BJP rallies are, however, not on the list this time.

Delhi: The Supreme Court on Wednesday set aside the arrest and remand of Prabir Purkayastha, the chief editor of online news portal NewsClick, pertaining to a case under the Unlawful Activities (Prevention) Act (UAPA). A bench headed by justice BR Gavai ordered the release subject to Purkayastha furnishing surety and bail bond. The bench ruled that «there is no hesitation in the mind of the court to reach to a conclusion that the copy of the remand application in the purported exercise of communication of the grounds of arrest in writing was not provided to the accused appellant or his counsel before passing of the order of remand dated October 4, 2023, which vitiates the arrest and subsequent remand of the appellant». The top court reiterated the distinction between «reasons for arrest» and «grounds of arrest». The judgment reads «The 'reasons for arrest' as indicated in the arrest memo are purely formal parameters, viz., to prevent the accused person from committing any further offence; for proper investigation of the offence; to prevent the accused person from causing the evidence of the offence to disappear or tampering with such evidence in any manner; to prevent the arrested person for making inducement, threat or promise to any person acquainted with the facts of the case so as to dissuade him from disclosing such facts to the court or to the investigating officer.»

Max this fall. The Max Original show comes following the blockbuster box-office success of «Dune: Part Two» movie. «Dune: Prophecy» is loosely based on Brian Herbert and Kevin J. Anderson's novel «Sisterhood of Dune». «Dune: Prophecy» was originally supposed to be titled as «Dune: The Sisterhood».

Congress leader Rahul Gandhi on Wednesday alleged that the BJP wants to destroy the Constitution and remove the reservation provided to tribals, Dalits, and backward class. Gandhi was addressing a public meeting in Bolangir, Odisha. «BJP wants to tear this book, but we in the Congress and the people of India will not allow it,» Gandhi said while holding a copy of the Constitution in his hand.

SBI Fixed Deposits: State Bank of India (SBI) has increased interest rates on its fixed deposits by up to 125 basis points (bps) on select tenors, effective May 15, 2024.

Are you a frequent traveler and looking for a credit card with exclusive features and benefits on international travel? It’s a good idea to go for a card that offers complimentary domestic and international lounge access, rewards on flight ticket bookings, low forex markup fee and discount on hotel bookings, among other benefits.

Aztec Fluids & Machinery IPO Allotment Update: After receiving a stellar response from investors during the bidding period from May 10 to May 14, attention now turns to the allotment procedure for Aztec Fluids & Machinery IPO. The allotment for the Aztec Fluids & Machinery IPO is expected to be finalised today. Investors can monitor their allotment status through the registrar, Bigshare Services Pvt Ltd, or the BSE website.

₹1,176 crore from anchor investors. According to a circular posted late Tuesday, the business has allocated4.32 crore equity shares to 56 funds at ₹272 each, at the upper end of the the price band. The firm's investors include cricketer Virat Kohli, his wife, and actress Anushka Sharma.

₹193 crore. Also read: ChrysCapital invests $100 million in eyecare chain Centre for Sight The firm has had tremendous success in its pharmaceuticals portfolio, having booked profits on investments in firms such as Torrent Pharma, Curatio Healthcare, GVK Biosciences, Cadila Healthcare and IPCA Laboratories. Its pharma portfolio is overseen by Partner Sanjiv Kaul, a former Ranbaxy Laboratories executive.

₹150, which is 61.29% higher than the issue price of ₹93. However, after a positive debut, the stock was locked in 5% lower circuit. TGIF Agribusiness IPO opened for subscription on Wednesday, May 8, and closed on Friday, May 10.

₹315 on NSE, same as its issue price. Meanwhile, on BSE, the stock listed at ₹314.30, a discount of 0.22 percent. The ₹3,000 crore initial public offering (IPO) of Aadhar Housing Finance was open for subscription between May 8, 2024 - May 10, 2024, with a price band in the range of ₹300-315.

US warned of a “potential risk of sanctions" following India's 10-year agreement to operate the Chabahar Port in Iran, External Affairs Minister S. Jaishankar highlighted that the project will “benefit the entire region".

sanctions" after India inked a 10-year agreement for running the Chabahar Port in Iran, External Affairs Minister S Jaishankar emphasised that the project will benefit the entire region and people should not take a «narrow view» of it. He also pointed out that the US itself had appreciated the larger relevance of Chabahar in the past. The EAM was speaking at an interaction after the launch of the Bangla edition of his book 'Why Bharat Matters' in Kolkata on Wednesday.

demand in the European Union, West Asia and the US has boosted export order books by at least 10% from six months before, companies said, signalling a possible recovery from last year. Leather goods, footwear, and apparel are driving demand but engineering goods shipments for new projects are facing a challenge due to geopolitical tensions, exporters said. «Overall, compared to the last six months, the order position has improved 15-20% for leather footwear especially from the US and partially Europe,» said Rafeeq Ahmed, chairman, Farida Group, one of India's largest shoe manufacturers and exporters. «The demand for non-leather footwear is also coming up.» India's total goods exports in FY24 fell 3.1% to $437 billion from $451 billion in the previous fiscal. Apparel exporters cited an increase of over 10% in orders starting February, mostly from the UK, US and the EU. «The decline in demand has slowed and there are obvious signs of improvement. Industry has an ambitious target of $20 billion apparel exports in FY25,» said Mithileshwar Thakur, secretary general, Apparel Export Promotion Council.