Mobile Financial News

Larsen & Toubro: The company reported a 10% rise in net profit for the March quarter, surpassing estimates with a profit of ₹4,396 crore. Despite a 5% decrease in order inflows in the last quarter, the company saw a 31% growth in order inflows for FY24, crossing ₹3 trillion. The company's consolidated order book stood at ₹4.8 trillion as of 31 March, a 20% increase from the previous year.

2019 Lok Sabha elections. This number will be updated further, the poll panel said. The third phase of the election was held at 93 seats across 11 states and a Union Territory on May 7.

Reserve Bank of India (RBI) Wednesday lifted a ban imposed on the Bank of Baroda (BoB), which was barred from onboarding customers through its mobile banking application. Government-owned BoB told stock exchanges that the RBI, in a letter dated May 8, conveyed the decision to lift the restrictions on 'BoB World' with immediate effect.

Check out the companies making headlines in extended trading:

realme P1 Pro 5G is priced at ₹21999 for the 8GB RAM and 128GB ROM variant. This smartphone comes with a 17.02 cm (6.7 inch) Full HD+ display ensuring a vivid viewing experience. For photography, it features a dual-camera setup on the back, with a 50MP main sensor and an 8MP secondary sensor, while the 16MP front-facing camera is good for selfies and video calls.

₹9,519 crore, slightly above Bloomberg’s estimate of ₹9,401 crore, with a net income of ₹1,016 crore against forecasts of ₹1,048 crore, and an Ebitda of ₹1,359 crore, surpassing expectations of ₹1,323 crore. Ebitda refers to earnings before interest, tax, depreciation and amortization. TVS Motor Company, on the other hand, reported revenues of ₹8,169 crore for the quarter ended 31 March, exceeding the anticipated ₹7,975 crore, even though its net income of ₹485 crore fell below the expected ₹530 crore because of a fair valuation loss on some of its investments.

barred the bank from onboarding new customers on its bob World mobile app due to certain “material supervisory concerns observed in the manner of onboarding customers onto this mobile application." “Any further onboarding of customers of the bank on the ‘bob World’ application will be subject to rectification of the deficiencies observed and strengthening of the related processes by the bank to the satisfaction of RBI. The bank has been further directed to ensure that already onboarded ‘bob World’ customers do not face any disruption on account of this suspension," RBI had said in a press release last October.

Reserve Bank of India (RBI) has decided to lift restrictions on Bank of Baroda's Bob World app with immediate effect, the bank said in the exchange filing. The bank said, «We wish to inform that the RBI conveyed to the Bank its decision to lift the restrictions on Bob World with immediate effect, as such the bank is free to onboard customers through Bob World application in accordance with the applicable guidelines and extant laws /regulations.» «The Bank will now resume onboarding new customers in the Bob World application. The Bank remains committed to ensure adherence and compliance of regulatory guidelines,» the filing said.

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Air India Express cancelled the its international and domestic flights after its senior crew member went on mass “sick leave", alleging “mismanagement" at the airline. “A section of our cabin crew has reported sick at the last minute, starting last night, resulting in flight delays and cancellations," Air India Express said in a statement.

West Indies this time around and the marquee event kicks off on June 2 with the opening match between the USA and Canada. Disney+ Hotstar India Head Sajith Sivanandan, while commenting on the issue stated, “By offering the ICC Men’s T20 World Cup 2024 for free on mobile, we aim to make the game of cricket more accessible, reach a wider audience across the country and ensure that none of the sporting action is missed.

TikTok has become one of the world’s biggest stories in business and geo- politics. US President Joe Biden recently signed a law that will ban the massively popular app in nine months if its Chinese owner, ByteDance, does not sell it to a non-Chinese entity. TikTok, for its part, has called the law “political theatre," and it is probably right: there is always some theatrics in politics, and bashing China is currently one of the most popular shows in town.

West Bengal Council of Higher Secondary Education (WBCHSE) will announce the West Bengal HS Class 12 Result 2024 today, May 8th, at 1 PM. Once released, students can check their scores online on the board's official website — wbresults.nic.in or wbchse.wb.gov.in. In the previous academic year, the WBCHSE declared the Class 12 results on May 24, 2023. Among the results, 2,73,580 students secured over 60% marks, with 52,878 students surpassing the 80% mark threshold. Additionally, the list of toppers, comprising students who clinched the top 10 ranks, included a total of 87 students.

Regulatory guidelines prescribe that investors need to add a nominee for all their mutual fund folios. The deadline for this has been extended and folios will be frozen for debits for investors who don’t comply. WHAT IS NOMINATION IN A MUTUAL FUND? Nomination is the process of appointing a person to take care of your assets in the event of your death. Regulatory guidelines make it mandatory for new folios/ accounts opened by an individual as a single owner to make a nomination. In case, investors do not wish to add a nominee, they need to confirm the same in the application form. WHAT IS THE DEADLINE FOR ADDITION OF A NOMINEE? The new deadline is June 30, 2024. Investors need to have a nomination in place for their mutual fund schemes held in their folios or opt out of it by this date. If a nomination is already submitted, then no further action is required from the investor. For investors holding mutual fund units in demat form, the nominee for the demat account applies to the mutual fund holdings as well.

Ashok Leyland, the group’s flagship company run for decades with strong professionals, also recently said it will launch six new LCV truck models in the next 12 months. Both the above are in the realm of possibilities and indicate potential growth trajectories for the group. The contrast between the Hinduja Group’s past and its present form is striking and multi-faceted.

text messages, the Department of Telecom (DoT) has started blocking handsets used in such activities besides disconnecting mobile numbers. The DoT has launched Chakshu portal two months ago to handle telecom fraud related grievances.

Former Starbucks CEO Howard Schultz says the company’s leaders should spend more time in stores and focus on coffee drinks as they work to turn around flagging sales

₹95 crore. In the same time last year, the business recorded a net profit of ₹104.05 crore, according a BSE filing. Route Mobile share price today opened at ₹1,486.55 apiece on BSE, the stock touched an intraday low of ₹1,460.55 and an intraday high of ₹1,500.40.

iMobile Pay, and marks a significant shift from the previous requirement for NRIs to register an Indian mobile number for similar transactions. Sidharatha Mishra, Head of Digital Channels and Partnerships at ICICI Bank, commented on the launch, “We are delighted to partner with NPCI to launch the UPI facility on international mobile numbers through iMobile Pay. With this facility, our NRI customers residing in 10 countries do not need to switch to an Indian mobile number to pay using UPI.

Lupin: The pharma company reported a 52% YoY increase in consolidated net profit, amounting to ₹359.43 crore, for Q4 FY24. Its revenue rose by 13% from the previous year to ₹4,895.11 crore. EBITDA for the quarter was ₹1,026.1 crore, a 66% increase from ₹615 crore in the same period last year.

In a wide-ranging interview on Cavuto: Coast to Coast, The Corcoran Group founder and Shark Tank star Barbara Corcoran addresses market trends and challenges in real estate.