Maruti Suzuki Q1 Results: On a quarterly basis, the carmaker’s net profit declined 5.2 per cent to Rs 2,623.6 crore.
ICRA, which estimates Q2 GDP growth at 7 per cent topping the Monetary Policy Committee’s forecast of 6.5 per cent, said growth may slow down in the second half of the financial year ahead of the elections as the impact of slowing capex and tempering of demand because of monetary tightening shows through in full.
The BJP’s victory has raised the market’s expectation of political stability after the 2024 Lok Sabha elections.
As companies fend off tax demands, DGGI says cases booked using “data analysis”
SpiceJet’s stock jumped 4.22 per cent in the intraday session to touch Rs 40 on BSE. At the time of writing, the shares were trading 2.24 per cent higher at Rs 39.24.
“We plan to add another 675 this year in SURU locations that will take the total number of branches in these locations to over 5,000. Overall, the Bank plans to add 1,500 to 2,000 additional branches during the year,” he said.
Culver Max Entertainment, formerly known as Sony Pictures Networks India (SPNI), has terminated merger agreements with Zee Entertainment, which could have otherwise created a USD 10 billion media enterprise in the country. Zee’s stock touched its lower price band on both BSE and NSE as the bourses revised lower circuit limit for the company on Tuesday.
In other words, growth as per the Income Approach was lower. Using the expenditure approach, it would have been higher than the 7.2% reported for FY23 and higher than the 9.1% reported for FY22,” the ministry said in a series of tweets on Friday.
Although gold is seen as a hedge against inflation, higher interest rates dull non-yielding bullion’s appeal.
In the 30-share Sensex, only Sun Pharma, Bajaj Finserv, Reliance Industries, SBI and HDFC Bank closed in green.