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Manappuram Finance reported a better-than-expected fourth-quarter profit on Friday, helped by strong loan growth at both its gold and non-gold segments. The company's consolidated net profit attributable to owners of parent rose about 36% to 5.62 billion rupees ($67.7 million) for the three months ended March 31, above analysts' expectations of 5.59 billion rupees, according to LSEG data.

Torrent Pharmaceuticals Ltd on Friday reported a 56.45 per cent jump in consolidated net profit to Rs 449 crore in the March quarter, riding on higher revenue. The company had posted a consolidated net profit of Rs 287 crore in the same period of the previous fiscal, Torrent Pharmaceuticals said in a regulatory filing. Consolidated revenue from operations in the fourth quarter of FY24 stood at Rs 2,745 crore as against Rs 2,491 crore in the year-ago period, it added.

Iran's military said no evidence of foul play or attack had been found so far during investigations into the helicopter crash that killed President Ebrahim Raisi, state media reported on Friday. Raisi, a hardliner who had been seen as a potential successor to Supreme Leader Ayatollah Ali Khamenei, was killed when his helicopter came down in poor weather in mountains near the Azerbaijan border on Monday.

automotive supplier Robert Bosch GmbH, reported a 41.5% climb in fourth-quarter profit on Friday, helped by better demand for its automotive products and consumer goods. Net profit rose to 5.65 billion rupees ($67.99 million) in the quarter ended March 31 from 3.99 billion rupees a year earlier for the company, which makes auto parts and accessories for cars, two wheelers and railways among others.

Indiabulls Housing Finance Ltd on Friday posted a 21 per cent rise in consolidated net profit to Rs 319 crore for the March quarter. The mortagage firm had reported a net profit of Rs 263 crore in the year-ago period. Its revenue from operations rose to Rs 2,205 crore for the March quarter as compared to Rs 2,075 crore in the year-ago period, Indiabulls Housing Finance said in a regulatory filing.

Malaysian authorities have dismantled a forex investment fraud and cryptocurrency syndicate that had been operating in the country.

Retail investors are getting nervous that a return to more normal levels of inflation and interest rates is going to take longer.

There’s rarely been a better time for financial advisors to work with employers to provide support to the millions of workers who need help with their money management.

ALSO READ: AB De Villiers to replace Rahul Dravid as India head coach? Former Proteas player says ‘Anything is possible…'According to a report by Hindustan Times, Fleming may consider the role but only if MS Dhoni might be asked tp convince him. On the contrary CSK CEO Kasi Viswanathan said 'it's not his (Fleming) cup of tea', citing the nature of the job.However, Jay Shah's recent clarification on India's head coach suggests that Gambhir is the odds-on favourite to succeed Dravid."We are focused on identifying individuals who possess a deep understanding of the Indian cricket structure and have risen through the ranks.

₹2,696 crore for the fiscal year, nearly double compared to the preceding year. Revenue grew 10% to ₹45,791 crore.Consolidated EBITDA grew 56% on-year to ₹7,944 crore.

Voltamp Transformers, a leading transformer manufacturing company in India, has emerged as one of the biggest wealth creators. The company’s shares have consistently maintained an upward trajectory, rising from ₹2,518 apiece in February 2023 to the current market price of ₹11,970, delivering a staggering return of nearly 375%.Notably, out of the last 16 months (including May), the stock finished 14 in the green, with January 2024 registering the highest monthly gain of 23.4%, closely followed by December 2023 with a rally of 18.7%.

Top news of the day: On 24 May, a series of events are set to take place right from politics to business. Flipkart said that it will be adding internet major Google as a minority investor. Hindalco reported a 32% year-on-year jump in its consolidated net profit to ₹3,174 crore for the quarter ended March.

He will report to CIO Daniel McHugh and hold overall responsibility for the global rates, investment grade, high yield, emerging market debt and global liquidity teams. Lundie joins from Federated Hermes, where he served as head of fixed income for public markets, first joining the firm in 2010 as a senior credit portfolio manager. Prior to that, Lundie began his career as an investment associate at Fortis Investments in Paris, where he also held portfolio management and senior positions within the fixed income team. Trio of Aviva Investors funds fail to deliver value to investors ...

According to data from the Office for National Statistics published today (24 May), there was a significant contraction compared to March, when retail sales fell by 0.2%. April saw sharp declines in household goods and non-food store sales, which dropped by 5.4% and 5.1%, respectively, while food store sales registered a more moderate decline of 0.8%.  The drop in retail sales followed a «dull and wet month» that discouraged shoppers from making in-store purchases, the ONS said.  Meanwhile, petrol sales also dropped by 4.9% in April, as more retailers reported a rise in fuel prices...

Flipkart has closed a $1 billion funding round with Alphabet’s Google joining in with a $300-350 million cheque, the ecommerce major said on Friday. Flipkart has been valued at around $35-36 billion post this round, per sources in the know. Walmart had pumped in $600 million in the fundraise. ET first reported on December 21 about Flipkart's $1 billion funding plan.

Hindalco Industries, the flagship company of the Aditya Birla group, on Friday reported a 32% year-on-year jump in its consolidated net profit to ₹3,174 crore for the quarter ended March driven by strong margins and volumes across aluminium and copper businesses. The company's revenue from operations for the quarter was flat year-on-year at ₹55,994 crore.Hindalco's earnings before interest, taxes, depreciation, and amortization or Ebitda stood at ₹7,201 crore for Q4FY24, up 24%, driven by lower input costs and higher volumes.The demand for copper and aluminium going ahead remains very strong in India, said Satish Pai, managing director, Hindalco Industries."I think that we can get to the monsoon where we don't have supply disruptions, so, our cost of production is under control and if the commodity prices remain favorable, we should have another good year," Pai said in a statement.Consolidated net debt to Ebitda stood at 1.21 times as of 31 March 2024 against 1.39 times in the corresponding period a year ago.

Matthew Reilly’s latest spy thriller will titillate the minds of history nerds and science enthusiasts Imagine growing up in Berlin, through the two world wars, with Albert Einstein as your neighbour and mentor? Hanna Fischer, the daredevil protagonist of Matthew Reilly’s new best-seller Mr Einstein’s Secretary, has this bittersweet legacy thrust upon her. Born to a German father and an American mother, Hanna is gifted with an insatiable appetite for science.

₹254 crore in the March quarter, mainly due to certain exceptional items.The company reported a consolidated net profit of ₹320 crore in the year-ago period, a BSE filing said.Total income rose to ₹2,207.43 crore in the quarter from ₹1,699.96 crore in the same period a year ago.The consolidated net profit in the 2023-24 fiscal year also declined to ₹660 crore from ₹2,887 crore a year earlier.Total income in the fiscal rose to ₹6,567.51 crore from ₹5,990.16 crore a year ago.The company explained that PAT (profit after tax or net profit before exceptional items) for the March quarter increased 411 per cent to ₹281 crore on a year-on-year basis.The cumulative orders as on May 24, 2024 are 3.3 GW.

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over 12 percent in this period.In the Nifty Private Bank index, barring 3 stocks - ICICI Bank (13.5 percent), Axis Bank (6.6 percent), and Federal Bank (4.5 percent), all other constituents have given negative returns in 2024 YTD. Bandhan Bank shed the most, down over 22 percent, followed by IDFC First Bank, down over 12 percent, HDFC Bank, down 11 percent and Kotak Bank, down 10.8 percent.

equity mutual funds have witnessed a rise in the past few months amid rising valuations. Total cash kept aside by equity mutual funds at the end of April rose to ₹1.34-lakh crore, 22 per cent higher than that at the end of December last year, reported Business Line quoting Fisdom Research data.