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Tata Motors Ltd surpassed Street estimates with a 74% rise in consolidated net profit in the June quarter led by a strong performance of its UK subsidiary, Jaguar Land Rover Automotive. Earnings also got a boost from a recovery in sales and profitability in the company’s commercial vehicle business in the domestic market.

Packaged consumer goods maker Dabur India on Thursday reported 8.27% rise in consolidated net profit at₹494.35 crore for the quarter ended June 2024, meeting analyst estimates. The maker of Real juice and Vatika shampoo reported that rural demand outpaced urban demand by 350 bps in the quarter, even as an overall challenging demand environment marked by high food inflation persisted.

Today will be the last opportunity for investors to purchase the shares of these companies in order to be able to qualify for the announced dividends. For the eligibility of the dividends, shareholders are required to buy the shares of the company at least one day before the ex-date, which ensures the settlement of the transaction on the following day.

government employee in the failed attempt to assassinate an American citizen on US soil last summer, an official said. «We continue to expect accountability from the government of India in relation to the alleged role of an Indian government employee in the failed attempt to assassinate a US citizen on US soil that occurred last summer,» State Department Deputy Spokesperson Vedant Patel told reporters at his daily news conference. «We continue to raise our concerns directly with the Indian government at senior levels,» he said. Patel, however, declined to comment on a news report alleging that Canadian authorities claim to have arrested five Indian nationals planning to target a Sikh separatist at a wedding ceremony.

Titan, Hindustan Zinc, ITC, SpiceJet, Zomato among others will be in focus due to first quarter results and various news developments. Titan, Hindustan Zinc, Delhivery

RBI) is said to be agreeable to a restructuring plan proposed by Tata Sons seeking a waiver for the mandatory listing of the group’s holding company. The Tata Group holding company has already implemented parts of the plan, including wiping off debt, said people with knowledge of matter. The recast will result in Tata Sons not being classified as a non-bank finance company (NBFC) in the ‘upper layer’ (UL) subject to a few regulatory conditions. This, in turn, will imply that Tata Sons won’t be required to list itself on the stock exchanges. In line with the plan, Tata Sons has restructured its balance sheet to be a zero-debt company to be compliant with RBI rules, said the people cited above. Net debt was at Rs 15,200 crore on September 30, 2023, according to the latest Crisil Ratings report. It had standalone cash and cash equivalents of over Rs 2,500 crore. An RBI circular in October 2021 directed that those companies identified as NBFC-UL should be mandatorily listed within three years. The central bank had classified Tata Sons as an ‘upper layer’ NBFC in 2022, which would have meant a listing by September 2025 if it had not undertaken this restructuring exercise, said the people cited.

Congress MP Rahul Gandhi claimed on Friday that the Directorate of Enforcement (ED) was planning a raid on him following his 'Chakravtyuh' speech in the parliament on July 29. The Congress MP said that he was 'waiting with open arms' after ED 'insiders' told him that a raid was being planned. In a post on X, Rahul Gandhi said, «Apparently, 2 in 1 didn't like my Chakravyuh speech. ED 'insiders' tell me a raid is being planned. Waiting with open arms, @dir_ed. Chai and biscuits on me.»

One Piece Chapter 1122 will be released on Sunday, August 4, 2024. Fans can read the latest chapters for free on Manga Plus.

Jujutsu Kaisen Chapter 265 is set for release. This chapter will explore intense interactions between Yuji and Sukuna. Here are the details on the release timing and the spoilers.

Netflix animated series "Terminator Zero" has been released. The series continues the story of Skynet, an AI that gains consciousness and wages war on humanity. It introduces new characters and a new plot.

Tata Motors’ electric car dispatches to dealers fell 21% in July year-on-year, making it a third consecutive monthly, year-on-year decline for the maker of Nexon.ev and Punch.ev models. PB Balaji, chief financial officer, Tata Motors Group attributed it to discontinuation of the subsidy scheme from April for the fleet segment and overall slowdown in the car market also dented volumes, the company said. Fleet sales account for 20% of its EV sales. Total dispatches at the maker of the Nexon.ev and the Punch.ev fell to 5027 units in July from 6329 units in the same month a year ago. This includes a few hundred units of exports. The company’s June quarter sales also dropped 14% to 16,579 units from the year ago period.

Keir Starmer on Thursday welcomed the release of a number of prisoners from Russia including dual Russian-British dissident Vladimir Kara-Murza, who had been jailed on treason charges for 25 years. «I welcome the release of a number of prisoners held in Russia, including Vladimir Kara-Murza, Paul Whelan and Evan Gershkovich,» Starmer said on X. «We will continue to call on Russia to uphold freedom of political expression.» (Reporting by Sachin Ravikumar, Editing by Kylie MacLellan)

Middlesex University Dubai. This collaboration represents another significant step in IIM Shillong's global expansion and commitment to academic excellence. The agreement was formalised by Professor DP Goyal, Director of IIM Shillong, and Professor Cedwyn Fernandes, Pro Vice-Chancellor and Director of Middlesex University Dubai. This partnership aims to build a solid framework for collaborative academic initiatives, cultural exchanges, and research projects. The strengths of both institutions will be combined to enhance student experiences through exchange programs, joint degree offerings, and experiential learning opportunities.

payments platform, Unified Payments Interface (UPI), crossed the Rs 20 lakh crore for the third straight month in July. The platform clocked a transaction amount of Rs 20.64 lakh crore in the month of July growing by 35% on year. It also recorded a transaction volume of 14.44 billion a growth of 45%, as per data released by the National Payments Corporation of India (NPCI). It also had 466 million of average daily transaction count and Rs 66,950 crore worth of average daily transaction amount in July. For the month of June, UPI transaction value was at Rs 20.07 lakh crore in June and Rs 20.44 lakh crore in May.

Reserve Bank of India (RBI) on Thursday said 97.92 per cent of the Rs 2000 denomination banknotes have returned to the banking system, and only Rs 7,409 crore worth of the withdrawn notes are still with the public. On May 19, 2023, the RBI announced the withdrawal of Rs 2000 denomination banknotes from circulation. The total value of Rs 2000 banknotes in circulation, which was Rs 3.56 lakh crore at the close of business on May 19, 2023, when the withdrawal was announced, has declined to Rs 7,409 crore at the close of business on July 31, 2024. «Thus, 97.92 per cent of the Rs 2000 banknotes in circulation as on May 19, 2023, has since been returned,» the central bank said in a statement.

GST collection increased 10.3 per cent to Rs 1,82,075 crore in July on an annual basis, reported ET Bureau on Thursday. The collection net of refunds stood at Rs 1,65,793 crore, up 14.4 per cent on a yearly basis. The gross Goods and Services Tax (GST) collection so far this fiscal (April-July) stood at Rs 6.56 lakh crore, up 11 per cent on an annual basis.

Satwiksairaj Rankireddy and Chirag Shetty's dreams of securing a maiden Olympic medal came crashing down after a heartbreaking three-game loss to Aaron Chia and Soh Wooi Yik of Malaysia in the men's doubles quarterfinals at the Paris Games here on Thursday. One of the favourites for the gold medal, Satwik and Chirag, the reigning Asian Games champions and Commonwealth Games winners, squandered a first-game advantage to go down 21-13 14-21 16-21 in a hard-fought quarterfinal against the world number 3 Malaysians. Aaron and Chia, the 2022 world champions and Tokyo Games bronze winners, will face world number one and top seed Liang Wei Keng and Wang Chang in the semifinals. The Indians entered the contest after stitching three successive wins against the Malaysians in the last three meetings.

Ambuja Cements Ltd. slipped 2.83 per cent to Rs 660.45 in Thursday's trade as of 01:45PM (IST). The stock hit a high price of Rs 680.95 and low of Rs 655.65 during the session. The return on equity (ROE) for the stock stood at 9.24 per cent. Traded volume on the counter stood at 01:45PM shares and turnover at Rs 6.93 crore around that time. The stock of Ambuja Cements Ltd. quoted a 52-week high price of Rs 706.85 and 52-week low prices of Rs 404.0, respectively.

Adani Enterprises' consolidated net profit surged 116% year-on-year (YoY) to Rs 1,454 crore in the first quarter ended June 2024. The same stood at Rs 674 crore in the year-ago period. Revenue from operations in the reporting period increased 12% YoY to Rs 25,472 crore, compared with Rs 22,644 crore in the corresponding period of last year.

India's Vikash Singh and Paramjeet Singh finished at lowly 30th and 37th positions respectively while national record-holder Akshdeep Singh pulled out after the 6km mark as Indian race walkers produced a disappointing performance in the 20km event of the Olympics here on Thursday. Vikash clocked 1 hour 22 minutes and 36 seconds while Paramjeet crossed the finish line in 1:23:48sec in the race won by Brian Daniel Pintado (1:18:55) of Ecuador.

Punjab National Bank on Thursday raised the marginal cost of funds-based lending rate (MCLR) by 0.05 per cent, or 5 basis points, across tenors, making most of the consumer loans costlier.