Wed, Feb 14, 2024 3:52 PM
Bengaluru: BBMP may increase property tax target by one-third for next year
A Flip by Avya Verma
Uber forecast second-quarter gross bookings below expectations after missing the target for the first three months on Wednesday, sending it shares down nearly 10% before the bell. The weakness in a key metric that denotes the total value of revenue earned on the Uber platform signals demand weakness for the company's ride-share and food delivery services.
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TVS Motor Company reported its earnings for the March quarter after market close on Wednesday. The auto manufacturer’s revenue from operations in the quarter ended March 2024 grew by 24% at ₹8,169 crore against ₹6,605 crore in the quarter ended March 2023. The auto giant’s net profit for the quarter was at ₹485.4 crore, up around 18% from the ₹410 crore posted in the same quarter last year.
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The Reserve Bank of India (RBI) on May 8 issued the directions on the margin for derivatives contracts, which will come into force with immediate effect.As per the directions, authorised dealers may post and collect margin, in India and outside India, for a permitted derivative contract entered into with a person resident outside India and receive and pay interest on such margin, RBI said.
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