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₹7,975 crore in the March quarter, while total revenues came in at ₹37,923 crore. The company said its revenues in constant currency (CC) terms remained flat year-on-year (YoY) and declined by 2.2% sequentially. The company also saw its American Depository Receipt shares plummet on the New York Stock Exchange on Thursday evening.

Bailey said the UK is now in a «pronounced period» of disinflation in a speech given at the Institute of International Finance in Washington DC, according to reports from the FT. Following the higher than expected inflation figures from the US, Bailey explained that «there is more demand-led inflation in the US», while «European inflation dynamics are somewhat different». He added that there will be a steep decline in next month's UK inflation figures. Bank of England's Andrew Bailey: Rate cuts are 'in play' for MPC meetings this year Bailey's comments follow the release of March's...

The committee undertook a far-reaching report around the central bank's QT plans after so many years of fiscal easing, which it published on 7 February. In it, the committee said it had «raised concerns» that the Bank may be unwinding its quantitative easing policy «without being able to fully consider the broader economic consequences». The committee, led by chair Harriet Baldwin, said it had «concerns that the Bank is taking a 'leap in the dark' by embarking upon a major monetary operation without specifically and separately tracking its effects». Bank of England commits to econo...

nova explosion in the T Coronae Borealis star system located 3,000 light years away, is poised to provide a potentially unparalleled viewing opportunity in 2024.

Nestle India after Swiss investigative organisation Public Eye and the International Baby Food Action Network said in a report that the packaged foods maker adds 2.2 gm sugar per serving to its baby foods brand Cerelac in India. Existing World Health Organisation guidelines ban added sugars in baby food products. “The Fssai has taken cognisance of the matter and has sought an explanation from Nestle India,” said a senior official from the national foods sector regulator. The authority held a meeting of its officials on Thursday to evaluate the matter.

Bajaj Auto is aiming to achieve its target of producing 10,000 units of its Triumph motorcycles each month by September, a company executive said on Thursday. «I would pin that in the first half (of fiscal 2025),» Dinesh Thapar, Bajaj Auto's financial chief, said in a post-earnings call when asked about the goal's trajectory. «Consider between now and September,» he said.

inflation and rising levels of government debt. " Inflation is down but not gone,'' Kristalina Georgieva told reporters at the spring meeting of the IMF and its sister organization, the World Bank. In the United States, she said, «the flipside'' of unexpectedly strong economic growth is that it „taking longer than expected'' to bring inflation down.

technology sector particularly flourished, experiencing a 25% increase in deal values compared to the previous quarter, driven by five high-value deals (≥$50 million), constituting 59% of total deal activity, Grant Thornton Bharat's Q1 Technology Dealtracker said on Thursday. The report stated that despite a funding slowdown and economic uncertainty, India’s tech startup ecosystem secured the fourth-highest funding globally. Further, it said that Krutium AI emerged as one of the two unicorns in the quarter. Both M&A and PE activity witnessed increased deal activity over last two quarters.

The financing business of global art and luxury firm Sotheby’s has announced a first-of-its-kind securitization backed by art-secured loans.

A gauge of global chip stocks and AI bellwether Nvidia Corp. have fallen together into a technical correction, showing moderation in the global equity market’s most conspicuous driver over the past year and a half.

Last year, a handful of Big Tech stocks were behind much of corporate America’s profit growth

EVM with the VVPAT. Catch LIVE updates of Lok Sabha Elections Here The petitioner had mentioned that there is no procedure marked by the Election Commission of India (ECI) for the voter to verify that that their vote has been counted as recorded causing a dent in voter verifiability.

Dubai floods 2024: Amid relentless rains wreaking havoc in Dubai and disrupting normal life, the Consulate of India has issued helpline numbers and guidelines for Indians affected by the extreme weather conditions. Dubai has experienced a "historic weather event," with the UAE city receiving 142 millimeters (5.59 inches) of rainfall by Tuesday. “Helpline numbers for Indian citizens affected by the extreme weather conditions in Dubai and Northern Emirates and needing help: +971501205172, +971569950590, +971507347676, +971585754213," the Indian consulate said in a post on X.

Pakistan Army has constituted a high-level inquiry committee headed by a major general to look into the allegations against Lt-Gen (retd) Faiz Hameed that he as the Inter-Services Intelligence (ISI) director-general misused his authority, according to a media report on Thursday. The inquiry has been ordered according to the orders of the Supreme Court and in the light of the directives of the Ministry of Defence, The Express Tribune newspaper reported. This is the first formal inquiry ordered against Gen Faiz, who resigned in November 2022, four months before his retirement. Faiz served as the Director-General Counter Intelligence in the ISI and later headed the same spy agency. His name surfaced in many controversies, including the Faizabad Dharna case.

Arvind Kejriwal, who is diabetic, is deliberately eating sweet things in jail so that his sugar level goes up and he can get bail on medical grounds, alleged BJP leader Majinder Singh Sirsa, who cited the remarks made by the Enforcement Directorate in court. BJP leader Sirsa likened the Delhi Chief Minister to a «hardcore criminal,» alleging that Kejriwal is indulging in a "sugar scam" in jail to secure his release on medical grounds. Sirsa said, «After liquor scam, now sugar scam!!! Kejriwal is deliberately eating sweet things in jail so that his sugar level increases and he can get out of jail on medical bail.»

Honda Motorcycle & Scooter India (HMSI) on Thursday inaugurated a new engine assmebly line with capacity of manufacturing 60 engines daily at its Global Resource Factory situated in Manesar, Haryana with focus on CKD (Completely Knocked Down) exports. «The new assembly line is equipped to produce engines for models ranging from 1100cc to 300cc, catering to diverse needs and preferences of customers across the globe,» said the company through a press release. «We are happy to introduce a new engine assembly line for CKD exports at our Global Resource Factory in Manesar. It is a testament to our relentless pursuit of driving technological advancements in the industry. With this step, HMSI aims to boost its export capabilities, reaching new heights in market expansion and adherence to global quality standards,» said Tsutsumu Otani, Honda Motorcycle and Scooter India Managing Director, President and CEO.

IPL 2024 viewership to record high. In an official release, broadcaster Disney Star stated that it has witnessed continued rise in TV viewership for the marquee tournament. According to BARC data, Disney Star has amassed a cumulative reach of 44.8 crore viewers over the first 22 days, comprising 26 matches of TATA IPL 2024. This surge in viewership translates to a staggering total watch-time of 18,800 crore minutes. The cumulative reach for live broadcasts has witnessed an 8% growth compared to the previous season, accompanied by a notable 15% increase in match ratings (TVR).

Android 15 Beta 1 update out ahead of Google I/O 2024: Eligible devices and how to download According to a new report by Android Authority, Google will add a new feature called ‘app quarantine’ which will work similar to how an app is disabled or suspended on Android. However, users might not have a way to quarantine an app manually even while using command line.

Thomas Michaud, CEO of KBW, a Stifel Company, assesses the stability of regional banks, commercial real estate and the Basel III proposals.

Tata Motors, the renowned Indian automotive giant, is set to expand its manufacturing prowess with a planned $1 billion investment in a new plant in Tamil Nadu, southern India. Sources privy to the company's plans revealed that the facility will focus on producing luxury cars under the Jaguar Land Rover (JLR) marque, reported Reuters. Although Tata Motors had initially announced the investment in March, specifics regarding the models to be manufactured remained undisclosed.

Wipro is estimated to report a consolidated net profit of ₹2,746 crore Q4FY24, registering a muted growth of 1.92% from ₹2,694.2 crore in Q3FY24. The company’s IT services revenue is expected to see a sequential growth of 0.18% to $2,661 million from $2,656 million, while in rupee terms, the revenue may fall by 0.28% to ₹22,141 crore from ₹22,205.1 crore, quarter-on-quarter (QoQ), due to macro impact and continued softness in verticals, as per average estimates of five brokerages.