Reports Financial News

ALSO READ: Gujarat: 20 dead in lightning strikes amid unseasonal rainfall Two among the deceased were minors, both residents of Manikchak police station area, while three hailed from Sahapur under the jurisdiction of Malda police station, police added. ALSO READ: Madhya Pradesh emerges as India’s lightning hub: Report Two others were from Adina under Gajol police station and Balupur under Ratua police station.

NEW DELHI : Sowing of crucial summer crops as well as yields of some winter crops this year have been affected with water levels at India’s 150 major reservoirs depleting further to 25% of their total capacity, leaving farmers hoping that the forecast of a normal monsoon will bear fruit. While 33 reservoirs have 50% of normal water storage capacity, 85 reservoirs reported about 80% of normal storage, the Central Water Commission said in a bulletin on Thursday.

gave interim relief to Revanna till Friday, news agency PTI reported. The case of sexual harassment of 47-year-old house help was registered against Revanna and his son and MP Prajwal Revanna at the Holenarsipur town police station in Hassan district on April 28. HD Revanna had filed a bail application earlier in connection with the case.

Arvind Kejriwal's aide for the assault, here are some of the top stories of May 16. Vineet Nayyar, the former vice-chairman of Tech Mahindra, passed away on Thursday, at 85. From starting off as a district magistrate to overseeing the turnaround of an Indian IT giant marred by scandals, Nayyar wore many hats in his lifetime.

Mint. Yashish Dahiya will offer up to 54 lakh shares, while Alok Bansal will sell up to 29.7 lakh shares. The shares will be sold at a floor price of ₹1,258 per share, a 6% discount to the closing price on 16 May 2024 of ₹1,338.25 apiece on the BSE.

Mint had reported. The developments come amid liquidity concerns, prompted by challenges with Aggarwal's flagship business, Ola Electric, which has struggled to garner adequate investor interest for a listing before the ongoing Lok Sabha elections. “As part of an ongoing restructuring, Ola Mobility CFO Kartik Gupta has stepped down.

Avantax, the tax-focused financial planning and wealth firm, has gained another foothold in Northeast with an acquisition in Pennsylvania.

MSME lender Kinara Capital on Thursday reported its FY24 results, marking the ninth consecutive year of profitability. The company said it closed the previous fiscal year with profit after tax (PAT) of Rs 62 crore, registering a 51 per cent growth from FY23.

Table is turning on Ayodhya after the inauguration of the Ram temple. The small temple town is now at the center of a never-ending saga of infrastructure growth and multi-phased economic development. As a part of the master plan 2031, the GOI has committed a huge budget of Rs 83,000 crore for the development of infrastructure. Already projects worth Rs 30,500 crore are either completed or are at various stages of construction.

Due to the doctors’ negligence, a 4-year-old girl underwent tongue surgery instead of the intended procedure on her finger. The mistake came to light when the family discovered cotton stuffed in the child’s mouth after the surgery, prompting them to investigate further.

Gurugram, often dubbed the ‘City of Dreams’, has witnessed remarkable growth in the luxury real estate market over the years. The city, renowned for its rapid development, innovative spirit, and thriving lifestyle, continues to attract discerning investors and homebuyers seeking an unmatched living experience. Whether it is sustainable living spaces, luxury high-rise condominiums, independent houses, villas, or bungalows, real estate developers focus on building visionary solutions catering to the emerging preferences of buyers.

assault incident, Aam Aadmi Party (AAP) MP Swati Maliwal has given a statement to the Delhi Police. Maliwal expressed hope for appropriate action to be taken following her statement. The incident, which reportedly took place at the residence of Delhi Chief Minister Arvind Kejriwal, has caused Maliwal to describe the past few days as «very difficult.» Following her statement to the police, Maliwal took to social media to address the issue further. In a post on X, Maliwal wrote, «What happened to me was very bad. I have given my statement to the police on the incident that happened to me. I hope that appropriate action will be taken.» She also thanked those who supported her during this challenging time. Maliwal also addressed attempts to tarnish her character, stating that she hopes even those individuals find happiness. Additionally, Maliwal emphasized the ongoing Lok Sabha elections, highlighting the importance of national issues over individual incidents. She made a special request to the Bharatiya Janata Party (BJP) to refrain from politicizing the assault incident. «Important elections are going on in the country, Swati Maliwal is not important, the issues of the country are important. There is a special request to BJP people not to do politics on this incident,» she said in her post.

Vodafone Idea’s net loss for the fiscal fourth quarter, FY24, widened sequentially to Rs 7,675 crore, dragged by high debt and even as it continued to lose subscribers. A joint venture between UK’s Vodafone Group Plc and India’s Aditya Birla Group, reported its highest ever quarterly EBITDA of Rs 2,180 crore post merger which occurred in 2019.

schools in the national capital, the city police have told the Delhi High Court there are a total of five bomb disposal squads (BDS) and 18 bomb detection teams for over the 4,600 schools here. In a status report filed in the court on Thursday, the Delhi Police stated they had issued guidelines last year to deal with bomb threats to schools and an order deputing nodal officers for deployment of BDS in case of a bomb threat has also been issued. It said 120 mock drills were conducted in schools between January 1, 2023 and May 6 this year. Earlier, Justice Subramonium Prasad had asked police to give details of steps taken to ensure that school children are evacuated safely without panic in case of a bomb threat, with least dependency on parents. It had also sought data on the number of schools in each zone, the nodal authority concerned in each zone, the number of mock drills etc.

Lee Jung-jae, the Emmy-winning actor renowned for his portrayal of Gi-hun in the gripping thriller Squid Game, has shed light on the release month of the highly anticipated Season 2. Amidst speculations surrounding the fate of Gi-Hun and his quest for justice, fans await the continuation of the heart-pounding narrative crafted by creator Hwang Dong-hyuk.

technology solutions provider Redington Ltd has reported a standalone net profit for the January-March 2024 quarter at Rs 160.57 crore, the company said. The city-based company had registered a standalone net profits of Rs 124.91 crore during the corresponding quarter of previous year. For the financial year ending March 31, 2024, the standalone profit stood at Rs 1,081.24 crore, as against Rs 1,071.88 core registered a year ago.

Why are the May 9 protests, which occurred in 2023, an important event with implications for civil-military relations in Pakistan? Even though the military remains the final arbiter in Pakistan to determine the course of politics, the May 9 protests have made it more difficult and challenging than ever for it to manage the guided democracy. The anguish and sentiment of people against the instrumental role of the military have raised questions about its legitimacy. The recent conference held by DG-ISPR included the agenda of reiterating the fact to PTI to apologise to primarily military and the nation for a comeback in the politics of Pakistan. Among a list of agendas, the prime was the PTI challenge in the conference to construct a narrative of PTI as an anarchical, foreign sources driven and anti-national force in Pakistan. In response, the PTI spokesperson Raoof Hassan has called it “full of contradictions, devoid of rationale”. These efforts to reestablish the military image go back to the power tussle between PTI chief Imran Khan and the military leadership in Pakistan.

Central Bureau of Investigation (CBI) has filed a case against a Punjab National Bank (PNB) official for allegedly embezzling Rs 4.98 crore from the account of a Bhopal-based infrastructure construction company. The incident reportedly occurred at PNB's Delhi Road Branch in Hapur, Uttar Pradesh. Unauthorised Transactions According to officials, head cashier Mukul Singh, in collusion with Vinod Kumar Singh, merged the account of Dilip Buildcon Ltd with that of Star Raze, owned by Vinod Kumar Singh. Subsequently, Rs 4.98 crore was allegedly transferred to various accounts via internet banking, resulting in a corresponding loss to PNB.

Brookfield India Real Estate Trust (BIRET) on Thursday reported an 89 per cent rise in its adjusted net operating income to Rs 460.8 crore during the March quarter and announced distribution of Rs 208.6 crore to unitholders. Its net operating income (NOI) stood at Rs 244.4 crore in the year-ago period. During the full 2023-24 fiscal, the company's NOI increased to Rs 1,506.2 crore from Rs 960.8 crore in the preceding year, according to a regulatory filing.

Container Corporation of India Ltd (Concor) on Thursday posted a 9.88 per cent increase in consolidated net profit to Rs 301.25 crore for the March 2024 quarter. The company had reported a consolidated net profit of Rs 274.14 crore a year ago, Concor said in a regulatory filing. During the quarter under review, consolidated revenue from operations was Rs 2,417.87 crore against Rs 2,281.75 in the year-ago period.

Mint. “As the MvPI is an important programme for reporting of adverse events, coordinated analysis etc., related to the medical devices including in-vitro diagnostic devices, therefore, all licence holders should also use the MvPI platform for reporting of any adverse or serious events associated with the devices to enhance the procedure for identifying risk associated with such equipment," he said. The DCGI said that post market surveillance (PMS) of medical devices is important to ensure safety and performance of medical devices and allows regulatory authorities to take appropriate measures to mitigate risks and safeguard public health.