Electronic Financial News

L&T: Larsen & Toubro reported a net consolidated profit of ₹2,493 crore which was 46% more than ₹1,702 crore reported during the corresponding quarter in the previous fiscal year. The revenue from operations of the company jumped 34% from ₹35,853 crore in Q1FY23 to ₹47,882 crore during the Q1FY24 period.

Tata Group is set to make one of the most visible changes to Air India since the conglomerate took control of the airline last year — the iconic Maharajah mascot will no longer be central to its brand identity. The change is part of a wider brand refurbishment strategy which has been in process since last year. «Air India wants to become the carrier of choice for people flying in and out of India.

strategic sourcing unit (SSU) to ensure faster supplies of parts to its automobile and tractor businesses with a heightened focus on electrical, electronic components and software, the company said in an internal circular to its employees. «The re-organisation will help the firm streamline the sourcing function and service each of the business units better,» said a person privy to the restructuring declining to be identified.

(Reuters) — Major global firms ranging from banks to chipmakers are taking a largely cautious stance on their China business amid a frail recovery at the world's second-largest economy from a pandemic slowdown.

By Khushi Mandowara

Moreover, stylish laptop bags by HP have an ergonomic design with a lightweight design and durable straps to offer you maximum comfort. So, here are our picks for the best HP laptop bags in India for working men and women alike. Read on to take your pick.

₹67.19 crore for the June quarter, up 48% from ₹45.43 crore in the year- ago period. The company reported a 15% YoY (year-on-year) rise in consolidated revenue from operations at ₹3271.50 crore against ₹2,855.07 crore year ago.

GE HealthCare Technologies Inc raised its annual profit forecast on Tuesday, after beating quarterly earnings estimates due to easing supply chain issues that had largely impacted electronic components during the pandemic. The X-ray and ultrasound machine maker managed to keep its costs in check while also seeing an improvement in production and pricing due to availability of electronic components, an issue it had been grappling with along with other industries.

Skyball is expected to generate Rs 40 crore in revenue this year from the smartwatch category, a senior executive said. The brand currently focus on home audio and smart accessories plans to come up with five new smartwatch models this year.

July 24, 2023, the stock market witnessed an exciting development as several companies crossed their 50-day Simple Moving Average (SMA), indicating potential uptrends in their stock prices. Notable companies that showcased strong growth potential were Varun Beverages, KPIT Technologies, Siemens, Bosch, Tata Chemicals, and EID-Parry (India). Let's take a closer look at these companies and their recent stock movements.(Data Source: StockEdge)1. Varun Beverages Varun Beverages, one of the largest franchisees of PepsiCo in India, demonstrated robust performance as its stock crossed the 50-day SMA at Rs 813.74 and closed at Rs 817.7 on July 24.2. KPIT Technologies KPIT Technologies displayed strong market momentum as its stock crossed the 50-day SMA at Rs 1051.71 and closed at Rs 1056.8 on July 24.

Hindustan Times. About Twenty four graduates received an annual package of more than ₹50 lakh of which eight graduates of them received package of ₹52.89 lakh per annum, the institute informed.

New Delhi: Retail leasing in India witnessed a 24% year-on-year growth during the first half of 2023, reaching a staggering 2.87 million square feet, according to a CBRE report. The report, titled ‘India Market Monitor Q2 2023’, highlights a strong momentum in retail leasing throughout H1 2023, witnessing a 15% rise compared to H2 2022. “We foresee a consistent growth in secondary leasing, while primary leasing is likely to pick up pace, fuelled by a strong supply pipeline and the forthcoming festive season," said Anshuman Magazine, chairman & CEO - India, South-East Asia, Middle East & Africa, CBRE.

income tax return (ITR) will be considered as invalid if it is not verified within 120 days of the date it was filed. Aadhaar card holders can electronically verify their income tax returns (ITRs) using their Aadhaar number. To avail this service, your mobile number must be updated with the PAN-linked Aadhaar.

Investing.com — European stock markets are expected to open slightly lower Tuesday, as investors cautiously await a raft of corporate earnings as well as more cues from the Federal Reserve and the European Central Bank.

Retail leasing in India witnessed a 24% Y-o-Y growth in Jan-June’23 period and a 15% increase compared to Jul-Dec’22 period, according to a CBRE report. Total leasing during Jan-Jun’23 stood at 2.87 mn sq ft compared to 2.31 mn sq ft (Y-o-Y). Bangalore, Delhi-NCR, and Ahmedabad collectively accounted for a cumulative share of 65% in leasing activity during the first six months this year.

By Khanh Vu

Tesla Inc executives are likely to meet Union commerce and industry minister Piyush Goyal soon, to discuss the US electric vehicle maker's plans to set up car and battery manufacturing facilities in India. The development follows a virtual meeting between Goyal and Tesla chief executive Elon Musk earlier this month, people aware of the details told ET. Stakeholder ministries — the ministry of commerce and industry as well as the ministry of electronics and information technology (MeitY) — have been discussing the electric carmaker's plans since Musk met Prime Minister Narendra Modi in the US during his state visit last month, said the people cited.

consent from their users every time they change the terms and conditions, update their services and change the way user data is processed, sources in the know of the development told ET. A clause to this effect may be introduced in the Digital India Bill, the draft of which is to be released soon for public consultation, officials said.

New Delhi: In its second international acquisition this month, auto parts maker Samwardhana Motherson International on Monday said it will take over German high-end polymer parts maker Dr Schneider's business at an enterprise value of €118 million. The acquisition will expand Motherson's footprint in the interior polymers business with enhanced offerings in premium lighting panels and air vents. The deal follows Motherson's acquisition of Honda's Yachiyo sunroof business earlier this month.

Creative Planning is joining Goldman Sachs Advisor Solutions, marking perhaps the largest victory yet for the investment bank’s growing custody business.

I am a 27-year-old bank employee. I find myself consistently spending my entire salary each month. Along with a monthly rent of ₹15,000 for my PG accommodation, I also allocate a significant portion of my earnings towards eating out, travelling, movies, and other leisure activities. As of now, I have no dependents. How can I keep track of and control my monthly expenses so that I can start saving and make investments? —Name withheld on request Keeping track of expenditures is the first step in financial planning.