Highlights: Fortis Healthcare reports net profit of Rs 176 crore in Q2FY25
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 "Ashutosh Raghuvanshi, who was named CEO a few months ago, has drawn up a task to achieve mid-teen Ebitda margins")
Indian health major Fortis Healthcare reports net profit of Rs 176 crore in Q2FY25.
Tata Motors Q2 FY25 net profit declined by more than 11 percent on-year to Rs 3,343 crore, as slow sales at luxury unit Jaguar Land Rover and commercial vehicles business affected the automaker's revenue.
Tata Motors Q2 FY25 net profit declined by more than 11 percent on-year to Rs 3,343 crore, as slow sales at luxury unit Jaguar Land Rover and commercial vehicles business affected the automaker's revenue.
By a majority decision of 4:3, the Supreme court has overruled its 1967 decision that held that the Aligarh Muslim University (AMU) couldn't claim minority status. The issue of whether Aligarh Muslim University is a minority institution would be decided by a separate three-judge bench.
A joint operation was launched by the Indian Army and Jammu and Kashmir Police in Baramulla last night after observing terrorists' suspicious activity, the army said. The Army said that on being challenged terrorists opened indiscriminate fire, adding that the operation is in progress. There has been a spike in terrorist activity in Jammu and Kashmir with the security forces engaging encounters with them. An Encounter broke out between security forces and terrorists in the general area Margi, Lolab, Kupwara, an official said on Wednesday morning.
Leader of Opposition in the Lok Sabha Rahul Gandhi asserted on Thursday that he is not "anti-business" as being projected by the BJP but "anti-monopoly" and "anti-creating oligopolies". Gandhi also claimed that after an article written by him was published in a newspaper, many play-fair businesses have told him that a senior minister has been calling and forcing them to say good things on social media about Prime Minister Narendra Modi and the government's programmes.
On the third day of Chhath Puja, devotees from across India performed Sandhya Puja by offering Arghya to Lord Surya. Political leaders including Nitish Kumar, Lalu Yadav, Atishi, Arvind Kejriwal, Manoj Tiwari, and others gathered by water bodies at sunset, presenting fruits, sweets, and thekua as prasad to Lord Surya, accompanied by hymns and prayers to Chhathi Maiya. Prime Minister Narendra Modi extended greetings on the occasion of Chhath Puja, wishing for happiness, prosperity, and good fortune for everyone.
9:36 PM
Clash of titans: TRAI open house sees Jio, Airtel spar with Starlink, Amazon over satcom spectrum norms
Reliance Jio and Bharti Airtel clashed with satellite players that are eyeing India's lucrative satcom market at TRAI's open house discussion on Friday, as telecom operators made a spirited pitch for level-playing-field among the "competing" "substitutable services" and satcom companies argued that justification for administrative assignment of radiowaves is "techno-economic".
The high-voltage discussions went on for over six hours under the watchful eye of the regulator and saw active participation of all key stakeholders - from Jio, Airtel and Vodafone Idea to satellite biggies like Starlink and Amazon (Project Kuiper is Amazon's low Earth orbit satellite broadband network).
The open house discussion was punctuated with frequent interjections and counter-arguments, and, at times, emotional outbursts, as opposing fractions made their submissions on issues such as pricing, period of assignment of satcom spectrum, frequency bands, roll out obligations, and other nuances.
8:40 PM
Signature Global posts Rs 4.15 cr profit in Sep quarter; revenue jumps to Rs 777.42cr
Realty firm Signature Global Ltd on Friday reported a consolidated net profit of Rs 4.15 crore for the quarter ended September.
The company had posted a net loss of Rs 19.92 crore in the year-ago period.
Total income rose to Rs 777.42 crore in the second quarter of this fiscal from Rs 121.16 crore in the corresponding period of the preceding year, according to a regulatory filing.
7:39 PM
Canada news: Montreal port employers threaten shutdown
Port of Montreal terminal operators have threatened to shut down most operations as of Sunday after providing a "final, comprehensive offer" to the longshore union.
If the Canadian Union of Public Employees Local 375 does not accept the offer by Sunday at 8:00 p.m. "only essential services and activities unrelated to longshoring will continue at the Port of Montréal from 9 p.m. on Sunday," the Maritime Employers Association said in a statement on Thursday.
7:25 PM
Irish PM Simon Harris announces formal start of country's general election campaign
Irish Prime Minister Simon Harris on Friday announced the formal start of the country's general election campaign, saying he would ask the president to dissolve parliament ahead of voting on Nov. 29.
6:55 PM
With the new frequencies, the airline will have 11 weekly flights to Bangkok, sources in the airline said.
The airline also announced new direct flights between Guwahati and Dimapur, and resumption of operations between Guwahati and Ahmedabad, operating daily from December 10.
An IndiGo statement also said that from October 29, the airline has begun maiden direct flights connecting Agartala and Dibrugarh. The tri-weekly flights operate on Tuesdays, Thursdays, and Saturdays.
IndiGo announces new flights to bolster accessibility across East, North East region
IndiGo airline on Friday announced a number of new flights and resumption of operations in its winter schedule to bolster connectivity to eastern and northeastern India.
The airline announced additional frequencies on the Kolkata-Bangkok route. The new frequencies will operate on Tuesdays, Wednesdays, Fridays, and Sundays, starting from November 24, the airline said in a statement.
With the new frequencies, the airline will have 11 weekly flights to Bangkok, sources in the airline said.
The airline also announced new direct flights between Guwahati and Dimapur, and resumption of operations between Guwahati and Ahmedabad, operating daily from December 10.
An IndiGo statement also said that from October 29, the airline has begun maiden direct flights connecting Agartala and Dibrugarh. The tri-weekly flights operate on Tuesdays, Thursdays, and Saturdays.
5:47 PM
IKEA reports higher profit despite revenue hit from price cuts
Inter IKEA, the owner of the world's biggest furniture brand, reported higher profits for 2024 thanks to lower interest payments, despite a sharp decline in revenues after it cut prices across its range of products like BILLY bookcases.
The price reductions are an attempt to boost IKEA's affordability after it hiked prices significantly in 2021-2022 when supply chain disruptions raised raw material costs.
Inter IKEA, which supplies the stores to which it franchises the IKEA brand, lowered its prices by an average of 15% over the year, Chief Financial Officer Henrik Elm said, allowing IKEA retailers to cut prices for customers by an average of 10%, after the cost of commodities like wood fell.
5:25 PM
They had fallen by a total of $20.1 billion in the previous four weeks.
Changes in foreign currency assets are caused by the central bank's intervention in the forex market as well as the appreciation or depreciation of foreign assets held in the reserves.
Forex reserves slide for fifth week to more than 2-month low
India's foreign exchange reserves dropped for a fifth consecutive week to an over 2-month low of $682.13 billion as of Nov. 1, data from the Reserve Bank of India (RBI) showed on Friday.
The reserves fell by $2.7 billion in the reporting week.
They had fallen by a total of $20.1 billion in the previous four weeks.
Changes in foreign currency assets are caused by the central bank's intervention in the forex market as well as the appreciation or depreciation of foreign assets held in the reserves.
5:24 PM
India needs to carefully navigate US sanctions on certain firms to safeguard biz interests: GTRI
India needs to carefully navigate the US sanctions imposed on certain Indian entities to protect their business interests and can engage diplomatically with America and other international bodies to seek remedies, think tank GTRI said on Friday.
To prevent future sanctions, India may plan to tighten export controls, offer clearer business guidelines, and ensure stricter compliance, it said.
On October 30, the US State Department and the Treasury's Office of Foreign Assets Control (OFAC) imposed sanctions on nearly 400 entities and individuals, including 19 Indian companies and two individuals, for allegedly supporting Russia's military activities in Ukraine.
4:57 PM
Ola Electric's Q2 loss narrows as sales jump
Ola Electric, India's top e-scooter maker by market share, reported a narrower second-quarter loss on Friday, helped by a jump in sales.
4:51 PM
Tata Motors Q2 net profit declines 9.9% to Rs 3,450 cr
Tata Motors on Friday reported a 9.9 per cent drop in consolidated net profit to Rs 3,450 crore for the second quarter ended September 2024. The company had posted a consolidated net profit of Rs 3,832 crore in the same quarter of the last fiscal, Tata Motors said in a regulatory filing.
Topics : Narendra Modi Indian Army Jammu and Kashmir BJP Congress Maharashtra Assembly Elections Jharkhand Assembly Elections
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First Published: Nov 08 2024 | 7:34 AM IST