Sat, Oct 21, 2023 4:07 PM
Kotak Bank gets RBI nod to appoint Ashok Vaswani as MD & CEO for 3 years
A Flip by Avya Verma
Zomato, a food delivery service, declared a combined net profit of ₹175 Crore on Monday for the quarter that concluded on March 31, 2024, compared to a loss of ₹188 Crore during the same period last year. Compared to the ₹2,056 Crore recorded in the equivalent quarter of the previous financial year, the revenue from operations in the quarter under review was ₹3,562 Crore.
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India is poised for a manufacturing-led growth this decade, driven by supportive government initiatives such as Production Linked Incentives (PLI) and a global need to diversify supply chains away from China. This combination of factors offers a substantial opportunity for India, according to Krishna Sanghavi, CIO of Mahindra Manulife Investment Management, who manages over $2 billion in funds.
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Steel major Jindal Steel and Power on Monday (May 13) reported a 100.21% YoY jump in net profit at ₹933.5 crore for the fourth quarter that ended March 31, 2024. In the corresponding quarter, Jindal Steel and Power posted a net profit of ₹466 crore, the company said in a regulatory filing. A CNBC-TV18 poll had predicted a profit of ₹1,070 crore for the quarter under review.
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