Progressive Financial News

Devyani International on Tuesday, November 7, reported a consolidated profit of ₹33.35 crore for Q2FY24, down 43 per cent against the profit of ₹58.76 crore in the corresponding quarter last year. Revenue from operations for the quarter under review stood at ₹819.47 crore, up 9.64 per cent year-on-year (YoY) against ₹747.43 crore in Q2FY23. The reported EBITDA, post-IND-AS, closed at ₹158.8 crore, resulting in an EBITDA margin of 19.4 per cent.

steel capacity has crossed 161 million tonnes and the industry is poised for continued growth, Steel Secretary Nagendra Nath Sinha said on Tuesday. As per the National Steel Policy, India has an ambitious target of installing 300 MT steel capacity by 2030. «We have already crossed 161 million mt of capacity, comprising 67 MT by blast furnace-basic oxygen furnace (BF-BoF) route, 36 MT by electric arc furnace (EAF) and 58 MT by induction furnace (IF) route,» Sinha said addressing the '4rth Indian Steel Association (ISA) Steel Conclave' event in the national capital.

Murthy had said productivity has to rise for the country to grow. “So, therefore, my request is that our youngsters must say, ‘This is my country. I’d like to work 70 hours a week’,” he had said.

Devyani International on Tuesday recorded profit for the second quarter of FY24 at Rs 33.35 crore, down 43.2 per cent in comparison to Rs 58.76 crore during the same period last year. It posted revenue from operations at Rs 819.47 crore, up 9.6 per cent as against Rs 747.43 crore during the quarter ended September 2022, led by new store additions. The company EBITDA stood at Rs154 crore, down 7 per cent on-year. 

As people gear up to celebrate Diwali this year, many people are planning to take personal loans to pay for their celebration expenses. With the advent of so many fintech organizations including banks and non-banking financial companies (NBFCs) in this country willing to dole out loans for businesses, loan consolidation and subsequent repayment, or for paying miscellaneous expenses, availing of personal loans is not very difficult. It becomes easier with the internet offering multiple options to seek personal loans whenever needed.

Australia’s central bank has lifted its benchmark interest rate for the first time since June with a quarter percentage point hike that brought the cash rate to a 12-year high of 4.35%

Australia vs Afghanistan Live Score Updates: AUS vs AFG, World Cup royalty Australia take on a resurgent Afghanistan side at the iconic Wankhede Stadium in Mumbai from 2pm today.The Aussies have made a great comeback in the tournament after being crushed by India and South Africa in their opening two ICC World Cup 2023 matches.David Warner, at the top of the Australian batting line-up, has proved his critics wrong and continues to shine as one of the tournament's top run-scorers.

Investing.com-- Most Asian currencies fell on Tuesday as a warning from Federal Reserve officials and signs of more economic headwinds for China dented sentiment, while the Australian dollar tumbled after the Reserve Bank struck a seemingly dovish tone.

brokerages took a favourable view on the stock following its September quarter earnings. Among them were Morgan Stanley which remains overweight on the counter relying on improvements being seen in its business. In the domestic pack, Nuvama maintained a buy view while Kotak Institutional Equities recommended an 'Add'. On Monday, Nykaa reported a 8% year-on-year (YoY) growth in its consolidated net profit at Rs 5.4 crore for the quarter ended June 2023.

Rashmika Mandanna sashaying into an elevator, wearing a little black dress with a plunging neckline, sparked outrage online, when it was found to be an AI generated deepfake. From fans to Bollywood bigshots like Amitabh Bachchan, many people came to her defence. The 'Pushpa' star finally opened up about the traumatic experience on Monday. Taking to X (formerly Twitter), she revealed that the entire ordeal had been really «scary» for her, both as an actress as well as a woman. «I feel really hurt to share this and have to talk about the deepfake video of me being spread online. Something like this is honestly, extremely scary not only for me, but also for each one of us who today is vulnerable to so much harm because of how technology is being misused. Today, as a woman and as an actor, I am thankful for my family, friends and well wishers who are my protection and support system. But if this happened to me when I was in school or college, I genuinely can’t imagine how could I ever tackle this,» reads her post. She ended with an urgent plea to the public to take stringent action against perpetrators.

Investing.com-- The Reserve Bank of Australia hiked interest rates as expected on Tuesday, citing a slower-than-expected decline in inflation while also hiking its outlook for consumer inflation over the next two years.

By Ankur Banerjee

Millwall on Monday named Joe Edwards, the former Chelsea and Everton assistant coach, as their head coach. The 37-year-old will take over from Gary Rowett, who left the Championship club after coaching it for four years.

«Good exchange of perspectives with President @raisi_com of Iran on the difficult situation in West Asia and the Israel-Hamas conflict. Terrorist incidents, violence and loss of civilian lives are serious concerns.

₹23 crore. In its most recent sale, the British auction house saw similar, promising results as buyers lined up for Indian artworks. The auction, which concluded last week, had a 99% sell-through rate, with a Manjit Bawa painting selling for about ₹20 crore, creating a world record for the artist.

U.S. officials and lawmakers expressed support for the extension of a trade program that grants eligible African countries duty-free access to U.S. markets

The leaders of Australia and China have welcomed the improvement in relations between their two countries in the past year and emphasized the importance of engaging with each other despite differences on issues such as defense

Russian attacks in Ukraine have wounded at least 14 civilians as the president of the European Union's executive returned to the Ukrainian capital to meet with President Volodymyr Zelenskyy

Contract Wolf and Vital Block. The founders’ identities were also scrutinized and verified through KYC (Know Your Customer) audits conducted by two independent auditing firms. By undergoing these intensive audits, Bitcoin Spark stands out among Web3 projects promoting transparency and accountability.

ICDS programme to improve the nutritional and health status of children in the age group 0-6 years, laying the foundation for proper psychological, physical and social development of the child. India is also leveraging technology under an ambitious Poshan Tracker for dynamic identification of underweight children, as also of stunting and wasting among them, and for last-mile tracking of nutrition service delivery. Even as India is making rapid progress on health, paradoxically the Global Hunger Index (GHI) has placed India among the bottom 15 ranks, at No.

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