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Shares of Bharat Forge jumped over 9% on Wednesday to hit their 52-week high of Rs 1,356.75 crore on the NSE after the company reported a 78% year-on-year (YoY) jump in its consolidated net profit at Rs 227 crore for the quarter ended March 31, 2024, compared to Rs 127.74 crore reported by the company in the year-ago period. For the full financial year, the profit after tax (PAT) jumped to Rs 910 crore, a 79% uptick over Rs 508 crore reported in the year-ago period.

Two-wheeler major Hero MotoCorp on Wednesday reported a standalone net profit of Rs 1,016.05 crore for the quarter ended March 31, 2024, which was up by over 18% versus Rs 858.93 crore reported by the company in the year-ago period. The profit was broadly in line with the Street's estimates of Rs 1,026 crore. The standalone revenue from operations stood at Rs 9,519 crore for the reported quarter, 14.6% higher over Rs 8,306.78 crore reported in the corresponding period of the last financial year.

These five companies contributed 75 percent to the incremental YoY accretion in earnings. Conversely, Tech Mahindra, Reliance Industries, and Wipro contributed adversely to Nifty earnings, it stated. As of May 4, 2024, 28 Nifty stocks posted notable growth across key financial metrics, surpassing initial estimates.

Intel and Qualcomm to ship chips used for laptops and handsets to sanctioned Chinese telecoms equipment maker Huawei Technologies, three people familiar with the matter said. A fourth person said some of the companies were notified on Tuesday that their licenses were revoked effective immediately. The U.S.

Larsen & Toubro Ltd ( L&T)share price that opened almost flat on Wednesday was trading volatile. While Larsen & Toubro share price gained slightly more than 1% on the upper side, Larsen & Toubro share price also had seen correction of more than 1% in morning trades indicating nervousness ahead of Q4 results. Larsen & Toubro share price has remained the favorite of investors as strong economic growth in the country is likely to drive earnings growth of behemoths as Larsen & Toubro.

Paytm marked a third consecutive month of decline in terms of Unified Payments Interface (UPI) transactions in Apri 2024, Business Standard reported. Data from the National Payments Corporation of India (NPCI) showed Paytm saw a 9 per cent downturn in UPI volume for the month, recording 1,117.13 million transactions in April, compared to 1,230.04 million transactions in March this year, it added. Also Read | Paytm: Two more top executives depart amid restructuring efforts Consequently, Paytm's market share within the UPI applications’ ecosystem contracted for the third consecutive month — to 8.4 per cent in April, down from 10.8 per cent in February and 9.13 per cent in March, as per the report.

Also read: IPL, elections are all fair game on illegal betting apps The study focused on brand-recognition dynamics during the league, and tracked about 130 brands in 25 product categories. Respondents were from the top metros and tier-2 cities including Kolkata, Lucknow, Delhi, Chandigarh, Ludhiana, Jaipur, Udaipur, Ahmedabad, Chennai, Surat, Mumbai, Pune and Hyderabad. Mahendra Singh Dhoni's popularity played a major role in making CSK a fan favourite.

Toyota reported record annual net profit of more than $30 billion on Wednesday but the world's largest automaker by sales warned that the current year would be less spectacular. Helped by a weak yen and strong hybrid vehicle sales, the Japanese giant's bottom line doubled to 4.94 trillion yen ($31.9 billion) in the year to March while revenues rose 21.4 percent to 45.1 trillion yen, also an all-time high.

Also Read: ‘Disgusting’: BJP slams Sam Pitroda over his 'People in east look like Chinese, in South like Africans' remark Jairam Ramesh further added that The Indian National Congress completely dissociates itself from these analogies. "We have survived 75 years in a very happy environment where people could live together, leaving aside few fights here and there.

Voltas lost over 9 percent in intra-day deals today after the firm posted weak results for the quarter ended March 2024 (Q4FY24). This is the third straight session of decline for the FMEG firm, losing over 15 percent in this period. The firm reported a 22.75 percent drop in its consolidated net profit at ₹110.64 crore for Q4FY24 as against ₹143.23 crore in the corresponding period last year on the back of higher expenses.

Sanju Samson (84), looking in fine touch, played a shorter delivery from Mukesh Kumar down the ground only to have the ball caught by Shai Hope close to the boundary line. The decision on whether the catch was clean was left to the third umpire, who quickly ruled that Shai Hope was inside the boundary line when he took the catch. However, the Rajasthan Royals captain wasn't happy with the third umpire's decision after seeing the replays and continued to argue with the on-field umpires despite being given out before heading back to the pavilion.

Also Read: Nifty 50 falls for 3rd session in a row; investors lose nearly ₹5 lakh crore This downward trajectory continued into the fourth consecutive trading session on Wednesday, with the Nifty 50 shedding another 0.52%, or 117 points, hitting an intraday low of 22,185 points. Taking today's low into account, the Nifty 50 has dropped 609 points. On the other hand, Sensex also recorded a decline of 438 points in today's trade, reaching an intraday low of 73,073 points.

Also Read: SC tells Arvind Kejriwal: 'If granted interim bail, we don't want you to perform official duties' —10 key points "They go on filing successive complaints and tell the Supreme Court that they will finish the trial in six months. My bail plea was pending before trial court for three months, reported Bar and Bench quoting Jain.

MBOSE Meghalaya 12th Result 2024: In a sigh of relief for several students, the Meghalaya Board of School Education (MBOSE) on Wednesday declared the results of the Higher Secondary School Leaving Certificate (HSSLC) examinations. The board declared the results for Science and Commerce streams, along with vocational courses. The Science stream recorded 85.24% pass percentage.

Q4 results today on May 8: At least 30 companies will announce their financial results for the fourth quarter of FY24 today, Wednesday, May 8. Also Read | Q4 results: L&T, Tata Motors, SBI, TVS Motors among companies to declare earnings this week; check full list here The fourth quarter earnings season for this fiscal year kicked off in the second week of April 2024 and is still underway, with over 260 companies set to declare their Q4 results this week.

Air India Express, the low-cost carrier owned by Tata Group, today cancelled several flights. The cancellations are reportedly due to a protest by some cabin crew members against alleged 'mismanagement at the airline'. As per a PTI report, the discontent among the cabin crew has been growing, especially since the beginning of the merger process with AIX Connect, formerly known as AirAsia India. Union Concerns and Passenger Frustration A union representing a section of the Air India Express cabin crew has raised concerns about mismanagement and unequal treatment of staff. The Air India Express Employees Union (AIXEU), which claims to represent around 300 cabin crew members, mostly seniors, has alleged that mismanagement has affected the morale of the employees.

Shares of JSW Energy surged 5.8% today on BSE to the day’s high of Rs 618 after brokerages raised target prices on the stock following Q4 results. The company reported a 22% YoY jump in March quarter profit to Rs 345 crore.

Ashok Leyland Ltd. gained 0.69 per cent to Rs 195.35 in Wednesday's trade as of 10:45AM (IST). The stock hit a high price of Rs 197.2 and low of Rs 192.6 during the session.

were among the top gainers.

The NSE Nifty index was trading 84.16 points down at 22218.35, while BSE Sensex was down 327.19 points at 73184.66 at the time of writing this report.

Shares of maintenance and repair firm HD Hyundai Marine Solution spiked nearly 50% in their trading debut Wednesday, marking a strong start to South Korea's largest IPO since January 2022.