With the general election 2024 underway and the incumbent Prime Minister Narendra Modi vying for a historic third term, investors are bracing themselves for increased market volatility. Even though the markets have already priced in the return of the current BJP government to power, still some market movements cannot be ruled out during the elections and their results.
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Ajanta Pharma on May 2 reported a 66 percent jump in consolidated net profit of Rs 202.72 crore for the Jan-March quarter of FY24, up from last year's Rs 122.25 crore.The Mumbai-based pharma major's revenue came in at Rs 1,054.08 crore, up 20 percent from Rs 881.84 crore a year back.The Board also made a decision on buyback of up to 10,28,881 fully paid-up Equity Shares.
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Uber Technologies Inc. was sued by thousands of London’s black cab drivers in a suit seeking hundreds of million pounds accusing it of unlawfully operating in the capital city. The claim alleges Uber improperly obtained a license to operate in the city and made unlawful gains for at least six years from 2012, RGL Management Ltd., the firm running the claim, said.
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