The company had posted a consolidated profit after tax of Rs 25.81 crore in the first quarter of the last fiscal, NDTV said in a regulatory filing.
While China is forecasted to have the highest GDP of $57 trillion by 2075, the US is expected to be the third-largest economy with a GDP of $51.5 trillion.
According to the first advance estimate by the National Statistical Office, India’s economy is expected to grow at 7.3 per cent in FY2024
Shares of private lender Dhanlaxmi Bank dropped as much as 9% on Monday before recovering partially, after Sridhar Kalyanasundaram, an independent director, quit over the weekend.
Insurance companies such as LIC, Bajaj Allianz, ICICI Prudential, ICICI Lombard, Star Health and Allied Insurance along with other companies such as Maruti Suzuki, Akzo Nobel, Sheela Foam are among those that have received GST show cause notices in the last few months.
The total defaulted loans (including write-offs but excluding loans recovered from write-offs in three years) amount to Rs 10.32 lakh crore, according to back-of-the-envelope calculations.
At the release of a report by industry body FICCI — ‘Hidden Streams: Linkages Between Illicit Markets, Financial Flows, Organised Crime and Terrorism’ — Agarwal said these issues have “socioeconomic implications and undermine national security”.
The company had posted a net profit of Rs 2,061.5 crore in the second quarter of FY23, Maruti Suzuki India said in a statement.
While the firm did not disclose the interest rate, data from the National Securities Depository Ltd showed the three-year bond carried an annual coupon of 10 per cent.
Wipro’s consolidated revenue from operations declined marginally to Rs 22,515.9 crore in the reported period from Rs 22,539.7 crore it registered in the September 2022 quarter.