Top 8 news of May 8: L&T Q4 results, Sam Pitroda's racist analogy, Air India Express' 70 flights cancelled & more
Top news of the day: On 8 May, a series of events are set to take place right from politics to business. Sam Pitroda, has sparked a controversy with his statement, saying that people in the South India "look like Africans," those in the East resemble "Chinese".
L&T reported a rise of 10.3 per cent in net profit at ₹4,396 crore Indian Overseas Congress Chairman, Sam Pitroda, has sparked a controversy with his statement, saying that people in the South India "look like Africans," those in the East resemble "Chinese," and those in the West resemble "Arabs." His comment was heavily slammed by Prime Minister Narendra Modi and the BJP. The Congress also distanced itself from Pitroda's comments.
Read more Air India Express cancelled several flights after a section of cabin crew members reported sick to protest against alleged mismanagement at the airline, reported news agency PTI on Wednesday. The civil aviation ministry has sought a report.
Read more L&T Q4 Results: Net profit rises 10% to ₹4,396 crore; dividend declared; 5 key highlights Larsen & Toubro (L&T) announced its January-March quarter results for fiscal 2023-24 (Q4FY24) on Wednesday, May 8, reporting a rise of 10.3 per cent in net profit at ₹4,396 crore, compared to ₹3,987 crore in the corresponding period last year. The multinational infrastructure conglomerate's revenue from operations in the fourth quarter of FY24 rose 15 per cent to ₹67,078.7 crore, compared to ₹58,335 crore reported in the year-ago period.
Read more The capital markets regulator Securities Exchange Board of India (Sebi) has released a draft circular which carries the reporting format for investment advisors. The circular states that the investment advisors (IAs) are required to furnish to Sebi,
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