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Hero MotoCorp on Thursday reported 14% growth in its standalone net profit at Rs 1,204 crore in the second quarter. It was Rs 1054 crore in the year-ago quarter. Revenue from operations in the reporting period rose 11% YoY to Rs 10,463 crore.

Happiest Minds Technologies reported a 15.3% year-on-year (YoY) fall in net profit at Rs 49.5 crore for the September quarter (from Rs 58.5 crore a year ago) dented by higher investment costs during the quarter. Sequentially, the profit fell 3% from the first quarter’s Rs 51 crore profit. Revenue for the second quarter jumped 28.3% YoY and 12.5% quarter-on-quarter (QoQ) to Rs 521.64 crore. The drop in profit was primarily due to salary increments for most of its employees rolled out from July 1, impacting 2.30% of its profitability, the addition investments towards its new sales team and into its GenAI business.

Subscribe to enjoy similar stories. There’s never a great time to infuriate your most loyal customers. For Sonos, the timing couldn’t have been worse.

Subscribe to enjoy similar stories. Donald Trump’s election has unleashed big hopes in the market for dealmaking, regulatory easing and private credit. Together, all that would put some extra shine on Goldman Sachs.

goods and services tax (GST) registered taxpayer and want to claim any pending input tax credit (ITC) for FY 2023-24 or amend any errors or omissions under GST then note the last date to do so is November 30, 2024, by filing a specified GST form. If you miss this opportunity, then you may lose out on claiming input tax credit (ITC) if any remains to be claimed for FY 2023-24. Needless to say, if you do not get the benefit of claiming input tax credit then it will result in loss as you can't offset your output tax liability with input tax credit.

Portfolio management firm Unifi Capital on Thursday received the final approval from the Securities and Exchange Board of India (Sebi) to start its mutual fund operations through its unit, Unifi Asset Management Pvt Ltd. The approval from Sebi would allow Unifi Asset Management to leverage its extensive experience in the investment space to offer tailored mutual fund solutions to investors, the company said in its filing, adding that it has assembled a team to lead the mutual fund’s operations, blending in-house expertise with strategic external hires. Saravanan Viswanathan, Chief Investment Officer at Unifi Mutual Fund, emphasized that the firm’s focus on absolute risk-adjusted returns, rather than market sentiment and momentum, would drive consistent performance.

Delhivery posted a consolidated net profit of Rs 10 crore for the quarter ended September 30, 2024 against a loss of Rs 103 crore in the year ago period. However, the profit was down by 81% from Rs 54 crore reported in the June 2024-ended quarter. The consolidated revenue from operations stood at Rs 2,190 crore which was up by 13% over Rs 1,942 crore posted by the logistics and supply chain company in the corresponding quarter of the previous financial year. On the sequential basis, the revenue was up by 0.80% versus Rs 2,172 crore reported in Q1FY25.

small businesses in India get paid faster, according to the Reserve Bank of India (RBI). The system, called TReDS, allows small businesses to sell unpaid invoices to banks and other financial institutions. “TReDS has effectively bridged the credit gap by enabling MSMEs to promptly convert their trade receivables into liquid funds. This ensures that small businesses do not have to wait endlessly for payments,” said RBI Deputy Governor Michael Patra. Small businesses often struggle to get paid on time by their larger customers. This delay can make it hard for them to pay their own bills and grow their businesses.

Even after the couple alighted at Aligarh railway junction, the harassment continued. The miscreants beat her husband with belts when he tried to stop them, said ToI's report further. The woman’s desperate cries for help eventually caught the attention of people on the platform, leading to a police alert. However, she claimed that instead of taking immediate action against the attackers, the Government Railway Police (GRP) initially detained her husband. This led to protests by the couple’s relatives, who arrived at the station. Following the uproar, the GRP released the husband and filed a case at the Aligarh GRP police station against the assailants.

Ramsey Solutions personality Jade Warshaw breaks down the latest economic data that shows consumers credit card debt is piling up amid a jump in spending. 

The Supreme Court seems likely to keep alive a class-action lawsuit accusing Nvidia of misleading investors about its dependence on selling computer chips for the mining of volatile cryptocurrency

Shares have opened higher in Europe after mostly falling in Asia following a report showing inflation in the U.S. was roughly as expected last month

An association of editors and rights groups has condemned a decision by Bangladesh’s interim government to cancel press accreditations for 167 journalists, calling it a threat to press freedom in the country

South Africa’s government says it will not help 4,000 illegal miners inside a closed mine in the country’s North West province as part of an official policy against illegal mining

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Subscribe to enjoy similar stories. The International Energy Agency lifted its forecast for this year’s oil-demand growth but slightly trimmed next year’s estimates, citing the impact of China’s economic slowdown on consumption. The Paris-based organization forecasts global demand to grow by 921,000 barrels a day in 2024 from 862,000 barrels a day previously, largely due to stronger-than-expected gasoil deliveries in OECD countries.

Subscribe to enjoy similar stories. Dear reader, Welcome to the first issue of Mint’s newsletter on the climate crisis: Climate Change And You. I am Bibek Bhattacharya, and I will be taking turns in writing this newsletter, every two weeks, alongside my colleague Sayantan Bera.

Subscribe to enjoy similar stories. Oil and Natural Gas Corp. Ltd’s (ONGC) standalone gross crude oil realization fell about 8% year-on-year in the September quarter (Q2FY25) to $78.3 per barrel.

Subscribe to enjoy similar stories. President-elect Donald Trump has styled himself a master dealmaker who can leverage his warm relationship with Russian President Vladimir Putin to end the war in Ukraine, cool tensions between the world’s biggest nuclear powers and realign global politics. But that can-do image is at odds with the two leaders’ records and the new geopolitical reality.

Capex), largely driven by a 10.3 per cent year-on-year increase in central government spending, according to CareEdge Ratings report. Though state-level spending continued to decline, dropping by 3.8 per cent compared to last year, a few states, including Punjab, Assam, Karnataka, Maharashtra, and Rajasthan, showcased resilience by recording double-digit growth in Capex during the first half of the year, highlighting regions of sustained investment momentum despite the broader slowdown. On the corporate side, the capex for a sample of 1,074 non-financial listed companies totalled Rs 9.4 trillion in FY24, showing a minor reduction from the previous year.