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Cyient reported bigger-than-expected fourth-quarter revenue on Thursday, as engineering and technology, its largest segment, benefited from continued client spending. WHY IT'S IMPORTANT India's $254 billion IT sector has been struggling in recent quarters as clients cut spending on non-essential projects.

Embassy REIT’), India’s first listed REIT and the largest office REIT in Asia by area, reported results today for the fourth quarter and full year ended March 31, 2024. Aravind Maiya, Chief Executive Officer of Embassy REIT, said, “FY2024 has been a blockbuster year for Embassy REIT. We leased a record 8.1 msf to leading corporates, majority of which were GCCs, we delivered 2.2 msf of new office development, and we recently announced our intent to acquire, demonstrating our commitment to driving growth for all our stakeholders. In our fifth year as India’s first listed REIT, we continue to see our business grow from strength to strength, and we are excited to announce our entry into a new market with our proposed acquisition of Embassy Splendid TechZone in Chennai. Given the sustained robust performance and our positive outlook on Indian office, we’re pleased to provide guidance for FY2025, which includes 5.4 msf of total leasing and distributions guidance in the range of ₹22.40 to ₹23.10 per unit." The Board of Directors of Embassy Office Parks Management Services Private Limited (‘EOPMSPL’), Manager to Embassy REIT, at its Board Meeting held earlier today, declared a distribution of ₹495 crores or ₹5.22 per unit for Q4 FY2024.

LTTS) reported a net profit of Rs 341 crore in the March quarter of FY24, up 1.4% quarter on quarter (QoQ). The profit for the company grew by just 0.2% on-year. The muted growth in profit comes on the back of the company seeing a marginal decline in its operating margin which fell from 17.2% in Q3 to 16.9% in Q4, a fall of 30 basis points (1.7%). A year ago, the company’s operating margin was at 17.9%.

Koo is halting salary payments to employees from April — the outcome of a delay in its search for a partner that can acquire the company. Koo was looking to raise funds or tie up with a strategic partner to scale operations, in a funding environment that has turned extremely tough for startups, cofounder Mayank Bidawatka had first said in September 2023.

Bangladesh's economic progress, during the conference, and said, the country that was once known as ‘East Pakistan’, and a burden on West Pakistan, has now a better economic stability than his country. The Prime Minister Shehbaz Sharif-led government hopes to secure another staff-level agreement on a new long-term larger loan with the International Monetary Fund by early July, in order to reduce inflation and stabilise the economy. Pakistan and India's trade talks nosedived when India revoked the special status of Jammu and Kashmir, abrogating Article 370 of the Constitution.

₹300 crore in FY23. Considering the growth and future potential, there is considerable inbound investor interest." Emailed queries to a company spokesperson, as well as Avendus Capital, did not elicit any response till press time. Founded in 2017 by Rajat Verma, Lohum has secured around $63 million in equity funding, and counts Baring Private Equity, Cactus Venture Partners, Venture East and Stride Ventures as its investors.

Also read: Saudi Arabia has an unlikely solar star Data from the ministry of commerce and industry showed that oil supplies from Saudi Arabia jumped 67.5% to $2.6 billion taking it to the second position in the list of oil suppliers to India, from $1.55 billion in January. For most part of the past two years, Iraq has been the second largest supplier to India. It has now slid to the third position with $2.24 billion worth of supplies in February, 11.6% down from $2.54 billion in January.

₹four crore and ₹40 crore respectively, are eligible for penalty at half the rate applicable for the others, under a concessional provision meant for small businesses. However, not filing annual financial statements would mean the authorities will not be in a position to offer this concession, showed the orders. D Nagendra Rao, former president of The Institute of Company Secretaries of India (ICSI) said that in many cases, companies approach the RoCs on their own for compounding of offences where they see a gap in compliance.

Mridula Katheria, the wife of Bharatiya Janata Party (BJP) Etawah MP Ram Shankar Katheria, has filed nomination papers as an Independent candidate for the Etawah Lok Sabha seat, just four days after her husband filed his nomination from the same seat.

Also Read: Can you open a demat account without a PAN card? MintGenie answers In this article, we delve into the key compliance requirements that investors need to fulfill when opening and maintaining a demat account. These requirements encompass various aspects, including documentation, Know Your Customer (KYC) norms, transaction reporting, and regulatory disclosures.

A yellow legal pad with the words “Buy Bitcoin” written on it, famously displayed behind former United States Federal Reserve Chair Janet Yellen during a congressional hearing in 2017, has been sold at an auction for over $1 million, equivalent to 16 Bitcoin.

Glenmark Life Sciences on Thursday said its net profit declined 33 per cent to Rs 98 crore for the March quarter ended March 31, 2024. The company had posted a net profit of Rs 146 crore in the year-ago period. Revenue from operations declined to Rs 536 crore for the period under review from Rs 621 crore a year ago, the company said in a regulatory filing.

₹29, offering premium subscribers ad-free streaming. This initiative seeks to ramp up competition with India's major streaming platforms such as Netflix, Amazon Prime Video, and Disney+ Hotstar. As per a Business Today report, here is a comparison of JioCinema's new subscription plans with those of its competitors in India's OTT market: JioCinema Premium offers a monthly plan at ₹29 and a Family pack at ₹89.

Motilal Oswal Financial Services report. “We have reduced our FY25/26 earnings estimates by ~6/9% after cuts in revenue and profitability," it added.

Tomorrow's IPL Match: Kolkata Knight Riders (KKR) will take on Punjab Kings (PBKS) on April 26 at the Eden Gardens in Kolkata. DC, having won five out of seven matches, are at number two on the points table at the moment. They have won two out of their last five matches.

Last week, reports surfaced that after more than a year on the market, General Electric (GE) finally managed to offload Crotonville, its storied leadership academy nestled along the Hudson River in the suburbs of New York City. It’s not just Crotonville that’s a tough sell these days for GE. It’s also the executives the training centre helped shape and the leadership philosophy it long espoused.

Bharatiya Janata Party (BJP) candidate from Asansol, quit after the announcement, only to declare his candidature from Karakat, Bihar, as an independent. According to reports, Pawan Singh was accompanied by his supporters in more than 100 vehicles during Tuesday's roadshow in Karakat. Bikramganj sub-divisional magistrate Anil Basak on Thursday said that the administration had given permission for only five four-wheelers.

Tech Mahindra on Thursday reported a 41% year-on-year (YoY) drop in its March quarter net profit to Rs 661 crore. The same stood at Rs 1,117.70 crore in the March 2023 quarter. The figure was below ET NOW poll estimate of Rs 700 crore. The revenue from operations for the reported quarter stood at Rs 12,871.30 crore, down 6.2% YoY.

Provident Housing, a wholly-owned subsidiary of realty developer Puravankara has raised Rs 1,150 crore from HDFC Capital Advisors, the real estate private equity arm of HDFC Group, to support future growth and expansion plans. This strategic collaboration between the developer and India’s largest residential investment platform, is expected to lead to an addition of 6.2 million sq ft of new projects to the ongoing 14.8 million sq ft. This combined portfolio will hold a gross development value of Rs 17,100 crores, which will be delivered over the next five to six years.

In 2019, it had 20,69,559 electors, with 14,54,518 valid votes. Arjunlal Meena of the Bharatiya Janata Party clinched victory with 871,548 votes, defeating Indian National Congress' Raghuvir Singh Meena by 437,914 votes. Udaipur Lok Sabha Elections 2024: Dates

Vedanta on Thursday reported a net profit of Rs 1,369 crore for the March-ended quarter, down over 27% (YoY) compared to Rs 1,881 crore reported in the year-ago period. Consolidated revenue from operations for the quarter stood at Rs 34,937 crore, down 6% YoY over Rs 37,225 reported by the company in Q4FY23.